SHANGHAI’S inflation remained at 2.2 percent in April while economic activity strengthened, indicating resilience in the city’s economy while China’s overall performance fell short of expectation.
Shanghai’s Consumer Price Index, the main gauge of inflation, rose 2.2 percent from a year earlier in both April and March, the Shanghai Statistics Bureau said yesterday. It compared with China’s average of 2.4 percent last month.
Industrial production expanded 1 percent from a year earlier in April to 258.5 billion yuan (US$41.7 billion) in the city, reversing the loss of 1.9 percent a month earlier.
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Wang Yanlin via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/1eHRU0VM9Jc/
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