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A spike in Chinese inflation in May is a welcome sign for policy makers worried about persistent deflation in the world’s second-largest economy.
But it also highlights a dilemma facing Beijing as it tries to stoke stronger growth without reinflating asset bubbles and triggering politically unpalatable inflation in an economy already lumbering under an enormous debt load.
The headline consumer price index rose 2.5 per cent in May from a year earlier, compared with a 1.8 per cent increase in April, according to official figures released on Tuesday.
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Jamil Anderlini, Financial Times via CHINA US Focus http://ift.tt/Svm4CH
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