China's inflation falls as Beijing cuts rates

By: Associated Press Email
By: Associated Press Email

China's inflation fell further in June as the government cut interest rates to stimulate its slowing economy.

The government said Monday that consumer prices rose 2.2 percent over a year ago, down from May's 3 percent rise.

Beijing tightened controls last year to cool an overheated economy and inflation but reversed course after global demand plunged and growth abruptly slowed. It has cut interest rates twice since the start of June as it tries to pull the economy out of its deepest slump since the 2008 global crisis.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WNDU - Channel 16 54516 State Road 933 South Bend, IN 46637 Front Desk: 574-284-3000 Newsroom: 574-284-3016 Email:
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 161743655 -