(Bloomberg) -- China's stocks rose for a fifth day
on speculation an unexpected slowdown in producer-price gains
will damp inflation, giving the central bank more room to hold
off raising deposit rates.
``The slower pace of PPI helped reduce expectations of an
interest rate hike,'' said Fan Hongyu, an investment manager at
China Jianyin Investment Securities Co. in Shanghai. ``That will
help keep funds flowing into the market.''
Read more at Bloomberg Stocks News
on speculation an unexpected slowdown in producer-price gains
will damp inflation, giving the central bank more room to hold
off raising deposit rates.
``The slower pace of PPI helped reduce expectations of an
interest rate hike,'' said Fan Hongyu, an investment manager at
China Jianyin Investment Securities Co. in Shanghai. ``That will
help keep funds flowing into the market.''
Read more at Bloomberg Stocks News
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