Services help with growth
By Chen Jia | China Daily | Updated: 2015-10-15 07:43
Producer Price Index decline 'may facilitate restructuring process'
Inflation edged down for consumers in September and producer prices continued to contract, suggesting that the rate of economic growth may lose steam in the third quarter as demand remains weak.
But an hopeful scenario could be seen in the service sector, where prices are rising rapidly. A boom in services can prevent a hard landing by the world's largest emerging economy, economists say.
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