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International Business Times
International Business Times
Business
Oliver HOTHAM

Chinese Consumer Prices Suffer Quickest Drop In 14 Years

A vendor cuts meat for customers at a market in Shenyang, in China's northeastern Liaoning province in January (Credit: AFP)

Chinese consumer prices fell in January at their quickest rate in more than 14 years, data showed Thursday, piling pressure on the government for more aggressive moves to revive the country's battered economy.

Officials have struggled for months to kickstart economic growth as they battle a range of headwinds, including a prolonged property-sector crisis, soaring youth unemployment and a global slowdown that is hammering demand for Chinese goods.

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