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China’s central bank sought to calm growing concerns that rising commodity prices will boost consumer prices, saying that imported inflation is “generally controllable” and factory-gate prices will stabilize after global production and supply recover from the impact of the Covid-19 pandemic.
“As a large economy, the increase in international commodity prices, on its own, is unlikely to trigger any obvious imported inflation in China as long as it is not accompanied by overheating domestic demand,” the People’s Bank of China (PBOC) said in its first-quarter monetary policy report released on . . .
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