Inflation is one economic problem China does not currently have.
Consumer prices rose 2.4 per cent in March, year on year. That was in line with economists' forecasts and comfortably below the Beijing government's inflation target.
Reflecting how Chinese businesses are feeling the pain of the nation's growth slowdown, however, factory gate prices remained in deflationary territory. Producer prices fell 2.3 per cent year on year, which was slightly worse than the consensus of analysts surveyed by Bloomberg.
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