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China 'not facing deflation'

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Zhang Zhigang, former vice minister of commerce.

"The decline has led to lower prices in the shopping mall. Falling prices also make it easier for businesses and consumers to make it through the slowdown," said Zhang Zhigang, a former vice minister of commerce.

The decline in January's CPI mainly resulted from falling international commodity prices.

(China.org.cn March 10, 2009)

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