China November inflation declinesBy AP News Dec 09, 2013 10:42AM UTC
BEIJING (AP) — China’s inflation edged down in November, giving Beijing more room to stimulate the economy if needed.
Data showed consumer prices rose 3.0 percent, down from October’s 3.2 percent. Price increases were driven by a 22.3 percent rise in the cost of fresh vegetables and a 5.9 percent gain for food prices overall.
Lower inflation could give Beijing more room to ease monetary policy or take other steps to stimulate economic growth if communist leaders decide that is needed.
Economic growth rebounded to 7.8 percent in the three months ending in September after hitting a two-decade low. But analysts say that recovery might fade late this year or early in 2014, raising new concerns about politically volatile job losses.