China's inflation rate slows to 5.5 per cent

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The Independent Online

Chinese industrial output grew at its weakest annual pace in a year in October and inflation fell sharply, raising expectations Beijing will do more to support economic growth by "fine tuning" policy.

China's annual inflation rate fell to 5.5 per cent in October from September's 6.1 per cent – the biggest drop in the annual rate from one month to the next since February 2009 – and a further pullback from July's three-year peak of 6.5 per cent.