China producer prices slide to 6-year low in July

BEIJING: Producer prices in China fell to a six-year low in July, while consumer inflation remained subdued, signalling the economy still faces deflationary pressures and Beijing has room to unveil more economic support measures.

The producer price index (PPI) fell 5.4 percent from a year earlier, the National Statistics Bureau said on Sunday, worse than expectations of a 5.0 percent decline.