China’s consumer prices fall for third month amid ongoing economic struggles

China’s consumer prices fell for the third consecutive month in April, dropping by 0.1 percent year-on-year, amid sluggish spending and trade tensions with the United States. While exports to the U.S. declined, shipments to Southeast Asia saw double-digit growth. Policymakers have relaxed monetary policy to stimulate domestic economic activity as the country grapples with deflationary pressures.