-
China's factory-gate deflation deepens as trade war bites
China's factory-gate prices posted the steepest drop in six months in April while consumer prices fell for a third month, underlining the need for more stimulus as policymakers grapple with the economic toll from a trade war with the United States. A prolonged housing market downturn, high household debt and job insecurity have hampered investment and consumer spending, keeping deflationary pressures alive. Now, the economy is also facing increasing external risks from trade barriers. However, there are hopes for a de-escalation of tensions as U.S.-China trade talks begin in Switzerland on Saturday. The producer ... (full story)
