Beijing | China’s consumer price growth was weaker than expected in May and factory prices dropped for the 20th month in a row, fuelling concerns the world’s second-largest economy is failing to shake off persistently weak demand.
The consumer price index rose 0.3 per cent from a year earlier, the National Bureau of Statistics said on Wednesday, hovering above zero for the fourth straight month but less than a median forecast of 0.4 per cent in a Bloomberg survey of economists.
