China consumer inflation falls below 1% in March

China’s consumer price inflation fell below 1% in March, official figures showed today, a sign of weak demand as the world’s second largest economy tries to recover from its pandemic-driven slump.  

The March consumer price index (CPI) – the main gauge of inflation – came in at 0.7%, down from the 1% seen a month earlier, according to the country’s National Bureau of Statistics.