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January 3, 2020

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China to keep same inflation target in 2020 despite food price spike

Market NewsBy Samuel ObayomiJanuary 3, 2020

Inflation is one of the main drivers of Chinese Economy. China’s consumer price index (CPI) increased to 4.5% in November 2019 while China’s third quarter growth reduced to 6%. These can lead china to set its’ economic growth target to around 6% for year 2020 and retain Inflation target at 3%. Reuters

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