Chinese inflation slows to a 29-month low of 2.2% in June vs. 3% in May and expectations of...

|By:, SA News Editor
Chinese inflation slows to a 29-month low of 2.2% in June vs. 3% in May and expectations of 2.3%. Even more striking, the CPI fell 0.6% during June - the 3rd consecutive monthly negative print. Beijing certainly has more room to ease policy further, should it wish to. Shanghai -0.5% and Hong Kong -0.4% on the back of declines in the West on Friday.