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Economy grows 10.4%, inflation eases
China's economy slowed down for a 4th straight quarter as inflation eased in June, making the case for a looser monetary policy. China Must Avoid Housing Slump China's June inflation falls to 7.1% China's inflation rate fell to 7.1 percent in June but is still "fairly high" and the country faces pressure for more price rises due to high costs for energy, grain and industrial materials, the government said Thursday. |
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