According to NBS's report, China's CPI grew 1.5% year on year in April. On a monthly basis, the CPI fell by 0.2%.
Both CPI and PPI inflation came in below expectations. uted level of inflation highlights weak demand growth and makes it easier for the government to step up the magnitude of loosening.
China's GDP grew 7.4 percent in 2014, the weakest annual expansion in 24 years. A string of economic indicators for the new year, including manufacturing, consumption and foreign trade
China set this year's economic growth target at around 7 percent and its inflation control target at around 3 percent.
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