China's inflation is showing signs of easing further, givingPremier Wen Jiabao more room to loosen fiscal and monetary policiesas the economy cools and Europe's sovereign-debt crisis threatensexports.
An index of manufacturers' input costs fell the most in 17months in October, China's logistics federation and the statisticsbureau said yesterday. A separate survey by HSBC Holdings Plc andMarkit Economics also showed a decline.
China's central bank has paused in raising interest rates andbank reserve requirements as officials assess the risk that Groupof 20 leaders meeting in Cannes, France, this week will fail tocontain the crisis. Inflation may moderate to below 5 percent inNovember and December, compared with a three-year high of 6.5percent in July, said Zhu Jianfang, the most accurate forecaster ofthe number in Bloomberg News surveys over the past two years.
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