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Plunge in consumer prices has fuelled calls for a stimulus package – yet Beijing may stick to the new normal of lower growth
• China consumer prices plunge at fastest rate for 15 years
China’s economy has gone from bad to worse – and it is only February.
Figures released on Thursday showed consumer prices fell by 0.8% in January compared with a year earlier, outstripping economists’ expectations and marking the biggest contraction in 15 years.
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