China's consumer inflation accelerated in August, but this won't cause a shift in central bank's monetary stance, according to Shanghai-based asset manager Zhong Ou Asset Management Co., Ltd. (abbreviated Zhong Ou AMC) on Thursday.
Data released by the National Bureau of Statistics showed on Thursday that the consumer price index rose 2.0 percent on a yearly basis in August, the strongest level in a year. Zhong Ou AMC said China was expected to step up easing monetary policy amid economic downturn.
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