China's inflation dips by 2 percent in August


(MENAFN) China's inflation rate fell by 2 percent in August, reaching a four-month low and remaining well below the government's annual target, The Peninsula Qatar reported.

The world's second-largest economy's consumer price index (CPI) rose by 2.2 percent in the January-August period compared to the same period in 2013, while increased by 2.3 percent compared to July.

Meanwhile, China announced that its trade surplus soared to a record USD49.8 billion in August due to a surprising fall in imports and a slow growth in exports.


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