date:Mar 10, 2014
quarter of 2013, China's economy grew by 7.7 percent year on year, the NBS data showed.
On Sunday, the bureau also revealed that the producer price index (PPI), which measures inflation at the wholesale level, contracted 2 percent year on year in February after a 1.6-percent decline in January.
IMPROVED OUTLOOK
Given the current economic climate, Lu predicted inflation in the next couple of months would remain at around 2.3 percent to 2.5 percent, way below the 3.5-percent cap set by the gov