CX Briefing: Deflationary Pressure Persists

A rundown of the news making headlines in and around China:

Deflationary pressure persists: China’s price levels continued to fall in April, official data showed. The consumer price index (CPI) recorded a year-on-year drop of 0.1% last month, the third consecutive month of decline, while the producer price index (PPI) fell by 2.7%. According to a statistician at the National Bureau of Statistics, the fall in the CPI was mainly due to declining international oil prices, which counteracted the effect of rising prices for services. Meanwhile, global trade turbulence saw the prices of manufacturing inputs fall, putting downward pressure on the PPI.