Consumer prices were seen to be growing from 6.1% in September to 5.5% in October. The Government started the initiatives to curb the inflation from the beginning of this year and the results have started from October, 2011. Economists were of the opinion that inflation was the biggest hindrance to the economic growth of China.
It was seen that in spite of strict monetary measures, growth in China was maintained at 9% and the government is too eager to touch the double digit figure once the rate of inflation comes down. On hearing the news of easing down of Chinese inflation, stock markets in Hong Kong and India showed some upward trend, though the volume of transaction was low because of the worried investors who are preferring to go for the wait and watch policy as the Euro crisis deepens.