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China consumer prices decline for a second straight month; producer deflation deepens newsthirst.

China’s consumer prices contracted for a second straight month, while producer price deflation got further entrenched, as Chinese exporters brace for more pain amid an escalating trade war with the U.S. Consumer price index slid 0.1% year on year in March, remaining in deflationary territory after having contracted 0.7% in February, according to data released…

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