News Snapshot:
Open this photo in gallery: A customer shops for vegetables at a supermarket in Hangzhou, in China's eastern Zhejiang province, on May 11.STR/AFP/Getty Images China’s consumer prices rose at the slowest pace in more than two years in April, while factory gate deflation deepened, data showed on Thursday, suggesting more stimulus may be needed to boost a patchy post-COVID economic recovery. The weak consumer price rise reinforces the signals from this week’s trade data suggesting domestic demand remains lacklustre, while the deflationary impulse in producer prices underlines the strains on factories – a double-whammy for the world’s second-biggest economy as...
