* China’s consumer prices fell for a fourth consecutive month in May. * Deflation in the country’s factory-gate or producer prices deepened, clocking the steepest decline since July 2023. * Chinese Vice Premier and lead trade representative He Lifeng is expected to meet with the U.S. trade negotiation team led by Treasury Secretary Scott Bessent in London this week.

China’s consumer prices fell for a fourth consecutive month in May, as Beijing’s stimulus measures appear insufficient to boost domestic consumption, with price wars in the auto sector adding to downward pressure.

The consumer price index fell 0.1% from a year earlier, according to data from the National Bureau of Statistics released Monday, compared with Reuters’ median estimate of a 0.2% decline.

CPI slipped into negat

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