China consumer prices slump again, deepening deflation worries as demand stays weak
- China's consumer price index fell 0.1 percent year on year in May, marking the fourth consecutive month of decline.
- Persistent deflationary risks stem from sluggish domestic demand, oversupply, and ongoing uncertainty in US-China trade relations.
- The National Bureau of Statistics noted the main cause of the CPI fall was a decline in energy prices, while hotel room prices rose 4.6 percent due to stronger tourism.
- Producer or factory gate prices dropped 3.3 percent year on year, exceeding analyst expectations of a 3.2 percent decline.
- Upcoming US-China trade talks in London on Monday offer cautious optimism, but the deflationary trend suggests the need for stronger domestic demand stimulus.
Insights by Ground AI
Does this summary seem wrong?
33 Articles
33 Articles
All
Left
5
Center
12
Right
2
BTC, XPR, DOGE News: Major Cryptocurrencies Struggle as Hang Seng Cheers U.S.-China Trade Talks; U.S. Inflation Eyed as China Deflation Worsens
Major cryptocurrencies showed little bullish momentum Monday, even as hopes for the U.S.-China trade talks lifted Asian stocks.Bitcoin BTC, the leading cryptocurrency by market value, traded flat-to-negative near $105,650, having carved out a doji candle, a sign of indecision, on Sunday, according to data source TradingView.Data from Blockchain.com showed a marked slowdown in network activity, with the seven-day moving average of daily on-chain …
·Manila, Philippines
Read Full Article
+13 Reposted by 13 other sources
Chinese consumer prices continue to fall as US trade talks loom
Chinese consumer prices fell for the fourth straight month in May, data showed Monday, as the world's second biggest economy struggles with sluggish spending and global trade turmoil.
·Missoula, United States
Read Full ArticleCoverage Details
Total News Sources33
Leaning Left5Leaning Right2Center12Last UpdatedBias Distribution63% Center
Bias Distribution
- 63% of the sources are Center
63% Center
L 26%
C 63%
11%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage