BEIJING (Reuters) - Intense lobbying by central government agencies and debt-laden local governments is keeping People's Bank of China hawks in check after inflation jumped to a 10-month high, forcing the central bank to keep its monetary policy setting in neutral.
Official data showed China's anaemic pace of economic recovery from the slowest year of growth since 1999 may have paled early this year with a cooling in the domestic demand the new government has promised will lead the revival.
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