Inflation zone

All indications are that the Chinese economy has rapidly managed to sidestep deflation with a 0.6-percent year-on-year increase in consumer prices recorded last month. The inch up comes amid a gradual V-shaped recovery from the worst global recession in decades.

In February, China registered its first dip in six years in the consumer price index (CPI). Soon, there was skepticism whether the country would achieve the 8-percent growth target for the year.

With yesterday's economic numbers reflecting accelerated growth, few will entertain any such doubt.