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Rebounding politically sensitive food prices are unwelcome amid the trade fight with the U.S.
Summer in Beijing is already well in the rearview, but there’s some unwelcome heat in the economy: Inflation, long dormant, is showing signs of revival.
That could complicate Beijing’s effort to prosecute its trade conflict with the U.S. It could also make it far harder to arrest an investment slowdown that threatens to drag growth lower just as the Trump administration ratchets up the pressure on trade.