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Steady China factory inflation a boon for industrial profits, economic growth

Reuters  |  BEIJING 

By Sue-Lin Wong and Min ZhangBEIJING (Reuters) - China's factory price inflation held steady in July in a positive sign for industrial output and profits for the third quarter, even though a government-led deleveraging drive is expected to cool earnings and economic growth by year-end.China's economy has expanded solidly this year as commodity prices recovered, helping boost the industrial sector, while mild consumer price gains have left policymakers room to manoeuvre should growth falter.The producer price index (PPI) rose 5.5 percent last month from a year earlier, unchanged from June, the ...

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First Published: Wed, August 09 2017. 10:38 IST