Asian shares declined early Thursday, as investors digest the data releases that could provide a gauge on the state of China's economy. China's consumer price index (CPI) rose 2 percent in August from a year earlier, beating expectations for a 1.8 percent gain and up from 1.6 percent in July."Food prices have been rising so CPI will see a slight increase, but if you look at energy [and] housing costs, they are still quite low so overall the inflation environment in China is still quite weak," Alaistair Chan, economist at Moody's Analytics, told CNBC ahead of the data release.
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