BEIJING : China's factory-gate inflation slowed in November, driven by a government crackdown on runaway commodity prices and an easing power crunch, amid Beijing's efforts to bolster the faltering economy.
The People's Bank of China on Monday announced a cut to the amount of cash that banks must hold in reserve, its second such move this year, to bolster slowing growth. The consumer price index rose 2.3per cent year-on-year, the National Bureau of Statistics said in a separate statement, slower than expectations for a 2.5per cent rise but picking up from 1.5per cent in October.
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