Tea that has gone off the boil no longer burns the lips. One benefit of the economic slowdown in China is that inflation fell to a 20-month low in February. The question is whether weaker consumer prices will lead to some easing of fiscal policy. That would be positive for Chinese equities. Relatively cheaper inputs should boost margins.
茶冷卻下來，就不會燙嘴。中國經濟成長放緩的一個好處是，2月份的通膨率降至20個月低點。問題在於，消費價格下降是否會導致政府放鬆財政政策。那將對中國股市構成利好。投入成本相對降低應會提高企業利潤。
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