Economists say inflation to slow, warn of high local government debt
China Daily | Updated: 2012-08-09 08:04
Without waiting for the release of official statistics, investment institutions are releasing estimates about how China's economy fared in July.
In all likelihood, the consumer price index, a measure of inflation in the consumer market, will show a year-on-year increase rate of 1.7 percent in July, the first time such a figure has dipped below 2 percent in two and a half years. If the estimate proves accurate, the rate will also be down from the 2.2 percent year-on-year rate recorded for June.
Among the estimates made by economists surveyed by the business information website Caixin.com, the lowest rate of increase predicted for the July CPI was 1.5 percent.
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