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China's inflation rate slowed to 3.4 percent in April from 3.6 percent in March and was widely expected to ease further in May due to falling food prices and the base effect.
"Overall, prices have reached stabilization in the short-term," said Ryland Maltsbarger, director with IHS Agriculture Services. He predicted that the South American crop output should weaken prices further at the end of 2012 unless weather conditions deteriorate.
MINING COMMUNITY DESTROYED
It's imperative to enhance the quality of economic development, eliminate factors that hamper economic growth mode and smash the administrative monopoly so as to further free development of the private economy, Ren said.
Official data released early Thursday showed that prices have fallen across the Chinese economy, with the consumer price index (CPI), the main gauge of inflation, up by a 30-month low of 1.8 percent in July from a year earlier.
来源：资阳报