(Barlcays) Until now, while the Chinese government had acknowledged the slowdown was rough, it had assured the world that the situation was under control. Just a few weeks ago, Chinese officials were saying they would be monitoring deflation but still were not that keen on intervening with policy measures.
Now it seems they are warming to the idea. In January, China?s headline consumer price inflation hit 0.8%, then it bounced back up to 1.4% in February. March probably isn?t looking that great either from the People?s Bank of China?s point.
“Widening PPI deflation and soft CPI inflation, especially after adjusting for seasonal effects, point to persistent deflation risks,” Barclays wrote after February’s number came out.“In our view, the monetary policy needs to be more ’proactive’ in order to deal with the cyclical challenges in the near term.”
1.Which of the following illustrates “growth rate had tumbled” in Paragraph 1?
A.Setting interest rates. B.Economic transition.
C.Bounce of CPI.
D.FIGURE 1.
2.We can infer from the passage that one of the solutions to the slowdown could be________if needed.
A.monitoring deflation
B.expanding foreign investment
C.making new policy measures
D.reducing domestic consumption
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