By Daniel Hunter

China's economic slump could be showing signs of stabilisation according to data that shows consumer prices held steady in July.

Consumer price inflation rose 2.7% from a year earlier, well below the 3.5% target set by Beijing.

The producer price index (PPI) fell 2.3% in July from a year earlier compared with a drop of 2.7% in June.

China's economy is experiencing its worst slowdown since the global financial crisis in 2008.

The data adds to evidence that the slowdown could be stabilising, after data showed that export and import growth rebounded in July.

Join us on
Follow @freshbusiness