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China's producer and consumer inflation eased in December

Zero tolerance policy toward new COVID outbreak set to weigh on growth

China's inflationary pressure eased in December as the government took steps to contain high raw material prices.    © Reuters

SHANGHAI -- China's inflationary pressure eased further in December, thanks to lower food and commodity prices. But a recent flare up of COVID-19 cases, notably in Tianjin, has weighed on the growth outlook for the first quarter amid preparations for the upcoming Spring Festival and Winter Olympics.

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