Chinese consumer prices are re -declining, deepening deflated worries because demand remains weak

Chinese prices Stimulating measures It seems not enough to increase domestic consumption, while the trading tension is cooked.

According to the data, the consumer price index decreased by 0.1% compared Data of the National Bureau of Statistics Posted on MondayCompared to the average estimate for a 0.2% reduction among analysts surveyed by Reuters.

IPC slipped on the negative territory In February, it decreased by 0.7% compared to a year ago and continued after the decline of the year by 0.1% in March and April.

Separately deflation at the plant in the country or manufacturers prices for deepening, in -depth, Drop 3.3% compared to the year Earlier in May, it decreases more sharply than analysts’ expectations by 3.2%. According to LSEG, wholesale prices remained in the deflationary territory.

On May 7, China’s best financial regulators unleashed a flurry of politics steps aimed at strengthening the country’s tariffs. The Central Bank of China has cut Main interest rates on 10 basic points to historical levels and reducing the reserve requirement coefficient, which determines the number of cash banks that should contain in stocks by 50 basic points.

US President Donald Trump has accepted the tariffs for Chinese goods to an exorbitant level of 145%, which made Beijing avenge other restrictive measures, such as export control on its critical minerals.

On May 12, the economy received relief after the US and China concluded a previous transaction in Switzerland, Geneva, which forced both sides to abandon the majority of tariffs. Washington reduced its Chinese goods up to 51.1%, while Beijing reduced taxes on American imports to 32.6%, the analytical center reports The Institute of International Economy Petersonallowing both sides to agree on a broader deal.

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