Diners looking for some beef hotpot on a chilly evening in Beijing pay more per pound than their counterparts in Boston, a discrepancy that shows the challenges China faces in reviving growth as inflation pressures make an untimely return.
China’s consumer price index rose 3.2 percent in February from a year earlier, a 10-month high, official data released on Saturday showed. The pick up in inflation from just 2 percent in January was driven by a 6 percent increase in food costs.
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Lucy Hornby, Reuters via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/f-OTkxsw4kA/
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