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China inflation picks up after Lunar New Year spending boost
China inflation picks up after Lunar New Year spending boost
Economy
by  AFP

Inflation picked up in China last month, official figures showed Sunday, as the Lunar New Year holiday boosted January spending. The boost in prices last month is "mainly due to higher food prices and tourism-related services prices on an earlier-than-usual Lunar New Year holiday," Goldman Sachs analyst Xinquan Chen wrote in a note on Sunday.