Inflation tame as M2 rises 18%

The People's Bank of China said money supply (M2), was up 18% at the end of October year-on-year, the Wall Street Journal reported. The consumer-price index rose 1.2% in October from a year earlier. In the January-October period, China's CPI rose 1.9%, the National Bureau of Statistics said. That is still lower than the central bank's target rate for this year, which was adjusted down to 2% this week from between 3% and 3.5%.