China's inflation cooled to the slowest pace since June 2007 on smaller gains in food prices, giving the central bank more room to stimulate growth in the world's fourth-largest economy.
Consumer prices rose 4.9 percent in August from a year earlier, after gaining 6.3 percent in July, the National Bureau of Statistics said today. That was less than the 5.4 percent median estimate of 23 economists surveyed by Bloomberg News.
...
