Monetary policies helping to ease threat of deflation
By Yi Huan and Liang Hong | China Daily | Updated: 2015-08-04 08:00
GDP figures for the second quarter show that deflationary pressure is starting to ease.
While China's real GDP growth rate is 7 percent, which is the same as the first quarter, what is significant is that nominal GDP growth reached 7.1 percent.
Nominal GDP is calculated without adjustments for inflation, which highlights the slight upward trend toward reflation.
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