SHANGHAI -- Inflationary pressures are easing in China, with data on Friday showing that May factory-gate inflation rose at its slowest pace in more than a year. Consumer prices were flat, while auto sales tumbled for the third month in a row.
The data come a day after better-than-expected trade figures pointed to an upswing in an economy that has been battered by COVID lockdowns in major cities, throwing China's 5.5% growth target for this year into doubt.
