By OUYANG SHIJIA | chinadaily.com.cn | Updated: 2023-09-09 00:33 China's August inflation level will likely show a modest rise over July, with the country expected to see a "U-shaped recovery" in consumer inflation this year, analysts said on Friday. When it comes to concerns over deflationary risks after the relatively low inflation figures in July, they said China is not entering a period of deflation, and consumer prices will likely pick up gradually from August with steady economic recovery anticipated amid a raft of pro-growth policies taking effect before year-end.

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