China's consumer prices fall for third month amid ongoing economic struggles
China's consumer prices fell for the third consecutive month in April, dropping by 0.1 percent year-on-year, amid sluggish spending and trade tensions with the United States. While exports to the U.S. declined, shipments to Southeast Asia saw double-digit growth. Policymakers have relaxed monetary policy to stimulate domestic economic activity as the country grapples with deflationary pressures.
China's consumer prices fell for the third consecutive month in April, dropping by 0.1 percent year-on-year, amid sluggish spending and trade tensions with the United States. While exports to the U.S. declined, shipments to Southeast Asia saw double-digit growth. Policymakers have relaxed monetary policy to stimulate domestic economic activity as the country grapples with deflationary pressures.
