China’s consumer price index (CPI) rose by 2.5 per cent in June from a year earlier, up from a rise of 2.1 per cent in May. Photo: Bloomberg
China’s consumer price index (CPI) rose by 2.5 per cent in June from a year earlier, up from a rise of 2.1 per cent in May. Photo: Bloomberg

China can ‘live with’ slightly lower GDP growth if inflation stays below 3.5 per cent, says Premier Li Keqiang

  • Premier Li Keqiang says if China can keep the unemployment rate below 5.5 per cent and inflation under 3.5 per cent it can tolerate a slightly lower growth rate
  • China’s economic recovery is still fragile, but Beijing has ruled out large stimulus because it is wary of fuelling high inflation that has ravaged Western economies

China’s consumer price index (CPI) rose by 2.5 per cent in June from a year earlier, up from a rise of 2.1 per cent in May. Photo: Bloomberg
China’s consumer price index (CPI) rose by 2.5 per cent in June from a year earlier, up from a rise of 2.1 per cent in May. Photo: Bloomberg
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