China's factory-gate prices hit three-month low as demand stays weak
Cooler energy prices and soft demand pushed China's July producer and consumer inflation lower than expected.
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China's producer price inflation slowed more than expected in July to its weakest in three months, while consumer inflation also eased, official data showed, as global energy prices retreated.
Facing a two-speed economy — robust factory output and exports but sluggish domestic demand — Beijing has pledged to support growth by speeding up already-budgeted infrastructure spending through the year-end.
Analysts said lower oil prices combined with weak demand were the main drivers behind the softer readings.
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