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China's producer price inflation will likely remain high for some time - official

China's producer price inflation will likely remain high for some time - official

FILE PHOTO: A man wearing a face mask following the coronavirus disease (COVID-19) outbreak pushes a shopping cart past the frozen food section of a supermarket in Beijing, China November 17, 2020. REUTERS/Tingshu Wang

BEIJING : China's producer price inflation will likely remain high for some time, the statistics bureau said on Monday, after the latest data showed growth in the world's second-largest economy slowed in July.

China's economic growth is still within reasonable range, Fu Linghui, spokesman for the National Bureau of Statistics, told a press conference.

(Reporting by Kevin Yao and Stella Qiu; Editing by Shri Navaratnam)

Source: Reuters

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