China producer prices slump as Li warns of challenges
Beijing (AFP) Sept 10, 2015 - China's factory gate prices fell at their fastest rate in six years in August, the government said Thursday, as Premier Li Keqiang warned that transforming the world's second-largest economy will be a "painful and treacherous" process. But Li expressed confidence the country will hit its expansion target of around seven percent, as Beijing looks to soothe fears about a growth slowdown that h ... more
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