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China Demand Seen Stronger as Core CPI Rises: News

CHINA PRESS
MNI (Sydney)

China's domestic demand is steadily recovering with the core CPI rising for two consecutive months, the Shanghai Securities News reported citing analysts. Core CPI, which excludes food and energy prices, rose for the second month by 0.2% m/m in September, the fastest since the outbreak of the epidemic, confirming the continued improvement of terminal demand, the newspaper said citing Zhu Jianfang, chief economist of CITIC Securities. China's overall CPI slowed to 1.7% y/y from 2.4% in August, though the indicator is heavily weighted with food items including pork.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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