Shanghai's inflation eased in May while economic activity strengthened, indicating resilience in the city's economy while China's overall performance showed little signs of an expected mild recovery.
The city's Consumer Price Index, the main gauge of inflation, rose 2.1 percent year on year last month, slightly lower than April's growth of 2.2 percent, Shanghai Statistics Bureau said yesterday.
Industrial production rose 2.9 percent to 258.2 billion yuan (US$41.6 billion) in May, up further from April's increase of 1 percent which reversed the loss of 1.9 percent in March.
"Shanghai's inflation remains tamed, and the city's economic performance has been stronger than elsewhere in the country," said Li Maoyu, an analyst at Changjiang Securities Co.
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