China's inflation rate falls to 4.2% in November

China's rate of inflation has fallen in November to its slowest pace in 14-months.

Consumer prices rose at 4.2% compared with the same month last year, the National Bureau of Statistics said on Friday.

Inflation was at 5.5% in October, after hitting a three-year high in July of 6.5%

Analysts said this creates more room for authorities to ease monetary policy and encourage economic growth.

"The numbers confirmed that inflation is easing quickly in China," said Hua Zhongwei from Huachuang Securities in Beijing,

"As such, China's policies have to shift to the pro-growth side in a stronger and quicker way."      Full Read