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| China inflation rate dips to 1.7% | China inflation rate dips to 1.7% |
| (35 minutes later) | |
| China's inflation rate dipped further in October, giving more room to policymakers to implement stimulus measures to spur growth. | China's inflation rate dipped further in October, giving more room to policymakers to implement stimulus measures to spur growth. |
| Consumer prices rose 1.7% from a year earlier. That was down from 1.9% in September and 2.0% in August. | Consumer prices rose 1.7% from a year earlier. That was down from 1.9% in September and 2.0% in August. |
| China has been urged to cut interest rates to boost domestic demand in order to offset a fall in export demand and reverse a slowdown in economic growth. | China has been urged to cut interest rates to boost domestic demand in order to offset a fall in export demand and reverse a slowdown in economic growth. |
| China's growth rate hit a three-year low in the second quarter. | China's growth rate hit a three-year low in the second quarter. |
| Zhang Zhiwei, chief China economist at Nomura said the inflation rate was lower-than-expected and consumer price growth was no longer the main concern for the policymakers. | |
| "So policy easing will likely continue for this quarter to support growth's recovery," he added. | |
| 'Room to proceed' | |
| China has already taken various measures to boost its economic growth. | |
| The government has cut interest rates twice since June and also lowered the amount of money that banks need to keep in reserve three times in the last few months to boost lending. | |
| In a further bid to boost domestic consumption, Beijing has approved new infrastructure projects worth more than $150bn (£94bn). | |
| Analysts said that while while China was unlikely to announce a major stimulus programme, the low inflation rate meant that they could continue to boost the existing measures without having to worry about their impact on consumer prices. | |
| "Clearly the lower inflation rate gives them room to proceed with more stimulus measures and growth drivers," Fraser Howie, co-author of Red Capitalism told the BBC. | "Clearly the lower inflation rate gives them room to proceed with more stimulus measures and growth drivers," Fraser Howie, co-author of Red Capitalism told the BBC. |