Inflation Slows Slightly
China's consumer price index rose 2.6% in August from a year earlier, 0.1 percentage point slower than in July, according to the National Bureau of Statistics. Food prices, which make up one-third of the inflation basket, were up 4.7% from a year earlier, 0.3 percentages points slower than in July. The CPI was up 0.5% in August if compared with July, driven by pricier produce, meat and eggs. China's producer price index was down 1.6% from a year earlier and up 0.1% from a month earlier, continuing to remain in deflation but getting closer to positive territory.

Trade Surplus Widens on Rebounding Exports
China's trade surplus amounted to the highest level so far this year in August as exports accelerated while imports slowed. Exports were up 7.2% year on year to $190.61 billion in August, and imports were up 7% year on year to $162.09 billion, boosting the surplus to more than $28 billion. In the first 8 months of 2013, China's exports rose 9.2% year on year to $1.43 trillion and imports rose 7.3% to $1.28 trillion, generating a $154 billion surplus.

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