China 6% Inflation Limits Loosening as Stock Rout Hits Asia
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China, which led the rebound from the global recession in 2009, may have limited room to counter weakening growth in the U.S. and Europe as inflation restrains policy makers from loosening monetary policy.
Consumer prices rose 6.4 percent in July from a year earlier, according to the median forecast in a Bloomberg News survey of 25 economists. That would match June’s increase, the biggest since 2008. The number is due Aug. 9.