Tuesday, October 13th2.6°C

China's inflation eases in April, giving government more room to stimulate slowing economy

BEIJING, China - China's inflation eased in April, giving the government more leeway if needed to stimulate the slowing economy.

Data on Friday showed consumer prices rose 1.8 per cent over a year earlier, down from March's 2.4 per cent increase. The rise in politically sensitive food prices eased to 2.3 per cent from the previous month's 4.1 per cent.

Lower inflation gives Beijing more room for interest rate cuts or other moves to stimulate the economy after growth declined to 7.4 per cent in the latest quarter.

Chinese leaders have ruled out more stimulus. But in a sign of concern over possible job losses, Beijing launched a mini-stimulus in March based on higher spending on building railways and other public works.

The Canadian Press

Read more Business News

Recent Trending

Today's Market
S&P TSX13964.36-14.30
S&P CDNX552.26+5.20
S&P 5002017.46+2.57
CDN Dollar0.7660-0.003
Natural Gas2.51-0.03

Okanagan Companies
Pacific Safety0.225-0.005
QHR Technologies Inc1.25+0.02
Metalex Ventures0.07+0.02
Russel Metals21.26-0.29
Copper Mountain Mining0.66+0.05
Colorado Resources0.07+0.00
ReliaBrand Inc0.0245+0.0070
Sunrise Resources Ltd0.02+0.00
Mission Ready Services0.075-0.005
Decisive Dividend Corp3.25+0.14
Diamcor Mining0.97+0.03



2446071#107-1565 Noble Court
1 bedrooms 1 baths
more details
Click here to feature your property
Please wait... loading

Income for life?

Photo: Thinkstock.comIn almost every conversation I have with clients these days, the topic swings to interest rates. What direction they’re going, how long will they stay where they are and how...

Perfect (reno'd) home

Photo: Thinkstock.comHow many times have you found a home in the perfect location, but it needs too much work as per the home inspection? There is a great program available through most lenders that w...

5 Claim misconceptions

Photo: Thinkstock.comIf you have been hurt in an accident or as a result of medical negligence you will likely look to your friends and family for some advice on how to deal with the situation. These ...




Member of BC Press Council