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International Business Times
International Business Times
Business

China's Consumption Slide Deepens As Tariff War Bites

People visit a shop along a busy street in Beijing (Credit: AFP)

China said Saturday that consumer prices slumped in April for the third straight month, reflecting persistent challenges as leaders attempt to revive an economy stymied by sluggish spending and a fierce trade war with Washington.

The world's second-largest economy has grappled with persistent deflationary pressure in recent years, as longstanding woes in the property sector and export headwinds impede growth.

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