China March CPI quickens to 5.3-5.4 % y/y

China's annual inflation accelerated to between 5.3 and 5.4 % in March, Hong Kong's Phoenix TV said on Thursday, citing an unnamed source.

China's annual inflation accelerated to between 5.3 and 5.4 % in March, Hong Kong's Phoenix TV said on Thursday, citing an unnamed source.

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Economists polled by Reuters had expected annual inflation in March to run at 5.2 %, up from February's 4.9 %.

Phoenix TV also reported that 680 billion yuan ($104.1 billion) of new yuan loans were issued in March, while M2 money supply grew 16.6 % that month from a year ago.