Inflation in China falls to five-year low

Inflation in the world’s second-largest economy has fallen to its lowest level for five years, with consumer prices rising by only 0.8% in January, as reported.......

by the official statistics office in Beijing on Tuesday. Analysts had been expecting an inflation rate of 1.0%, with consumer prices having risen by 1.5% again in December.

This low inflation rate points to a weakness in the Chinese economy, and there is growing concern about a possible deflation amongst experts. China’s growth rate of 7, 4% last year was its slowest for 24 years.