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International Business Times
International Business Times
Business

China Inflation Picks Up After Lunar New Year Spending Boost

Lunar New Year shopping helped boost consumption in China in January (Credit: AFP)

Inflation picked up in China last month, official figures showed Sunday, as the Lunar New Year holiday boosted January spending.

China has struggled to raise consumption and stave off deflation for months as sluggish spending, a property slump and ballooning local government debt all weigh on growth.

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