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Posted AT 7:50 AM EDT on 12/05/08

China's April inflation near decade-high levels

JOE MCDONALD

The Associated Press

BEIJING — China's inflation rebounded in April to near decade-high levels, according to data released Monday, increasing pressure on Beijing to cool rapidly ascending prices and avert possible unrest ahead of the Summer Olympics. The government also released data showing China's trade surplus fell by 1 per cent in April. That could help to ease inflation by reducing the amount of money flooding into the booming economy.

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