The Chinese economy still faces the risk of slipping into a deflationary trap, Capital Economics' economist Gabriel Ng said.
Data released by the National Bureau of Statistics on Saturday showed that consumer price inflation softened to 0.3 percent in October from 0.4 percent in September. Moreover, this was the weakest in four months. Meanwhile, core inflation that excludes prices of food and energy rose to 0.2 percent from 0.1 percent in the previous month.
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by Renju Jaya
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