date:Aug 11, 2014
one third of the weighting in the CPI calculation, grew 3.6 percent year on year in July, down from 3.7 percent in June.
The Chinese government aims to hold consumer inflation at around 3.5 percent this year.
Yang Hongxu, deputy head of the Shanghai-based E-House China RD Institute, said the July inflation was in a very comfortable range.
Residents will feel the pain if inflation goes too high, but the economy and companies will suffer if it is too low. CPI at about 2 percent is an ideal leve