China inflation eases sharply amid economic slowdown
Inflation has eased sharply in China, giving policymakers more room to spur economic growth amidst a global slowdown.
Consumer price rises cooled in June to 2.2% compared to the previous year, China's statistics bureau said.
It is down from 3% in May and is well below the government target of 4%.
Dr Qian Liu, the deputy director of the forecasting service at the Economist Intelligence Unit, explained that the Chinese government is watching the figures closely.