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Also in August, consumer inflation edged down to 2.6 percent from July's 2.7 percent. Wholesale prices that have declined steadily for more than a year fell less sharply in another sign of growing demand. "With a number of other emerging markets mired in turmoil as the U.S. Fed prepares to taper its QE program, we believe China stands out as a relatively safer haven with its resilient growth, stable currency and strong balance of payments," said Bank of America's Zhi and Lu.
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