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Apr. 16, 2008 (China Knowledge) - China's consumer price index (CPI) jumped 8.3% in March this year, a relatively moderate pace as compared with 8.7% in the previous month, according to the National Bureau of Statistics on Wednesday. While the country's CPI for the first quarter was up 8%, said Li Xiaochao, the spokesman of the National Bureau of Statistics of China on Wednesday. In the first quarter, the country's economic growth slowed down to 10.6%, from 11.7% in the same period a year earlier, mainly due to the unprecedented severe winter weather and the widespread subprime mortgage crisis, said Li. The National Bureau of Statistics also revealed that the country's industrial production in the first quarter of 2008 was up 16.4% year-on-year, down 1.9% as compared with the same period of the previous year.
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