|Page (1) of 1 - 05/11/12||email article||print page|
China's inflation eases to 3.4 percent in April, as economy slows further
SHANGHAI (AP) ' China's economy is slowing further, defying hopes it may have "bottomed out," with data for April showing sharper than expected declines in investment and industrial production.
Data released by the National Bureau of Statistics on Friday showed inflation also eased, to 3.4 percent in April from 3.6 percent the month before, giving the government greater leeway to ease policy to boost growth.
Meanwhile, industrial production rose 9.3 percent from a year earlier in April, slowing from a nearly 12 percent increase in March.
A reading of the latest data suggests more aggressive action may be needed to get the world's second-largest economy back on track, economists said.