Space News from SpaceDaily.com
China consumer prices fell in April for third straight month: official data
ADVERTISEMENT


Beijing, May 10 (AFP) May 10, 2025
Consumer prices in China slumped in April for the third straight month, official data showed Saturday, as Beijing attempts to revive an economy stymied by sluggish spending and a fierce trade war with Washington.

The world's second-largest economy has grappled with persistent deflationary pressure in recent years, with longstanding woes in the property sector and export headwinds impeding growth.

The consumer price index (CPI) -- a key measure of inflation -- was down 0.1 percent last month year-on-year, according to data released by the National Bureau of Statistics (NBS), following previous drops in February and March.

The reading was in line with a Bloomberg forecast of a 0.1 percent year-on-year decline based on a survey of economists, and consistent with the slight drop recorded in March.

The latest figures come ahead of Saturday's start to a meeting of key economic officials from China and the United States in Switzerland, offering a potential offramp for the high-stakes trade war launched by President Donald Trump.

NBS statistician Dong Lijuan said Saturday in a statement about the data that "international imported factors have a certain downward impact on prices in some industries".

US tariffs on imports from the manufacturing powerhouse now stand at a staggering 145 percent for many products -- and reach as high as 245 percent cumulatively on others.


ADVERTISEMENT





Space News from SpaceDaily.com
Trump shifts priority to Moon mission, not Mars
The Quantum Age will be Powered by Fusion
BlackSky accelerates Gen-3 satellite into full commercial service in three weeks

24/7 Energy News Coverage
Conventional photon entanglement reveals thousands of hidden topologies in high dimensions
Philosopher argues AI consciousness may remain unknowable
Salt rejecting hydrogel design targets long life solar desalination

Military Space News, Nuclear Weapons, Missile Defense
Defence of Europe's eastern flank an 'immediate' priority: eight EU leaders
Trump signs $900 bn defense policy bill into law as Admin plans major DoD changes
PM Takaichi says Japan 'always open' to dialogue with China

24/7 News Coverage
Bible 1.0: How Ancient Canon Became Our First Large Language Models
Can scientists detect life without knowing what it looks like
Deep ocean quakes linked to Antarctic phytoplankton surges



All rights reserved. Copyright Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.