China sees inflation slow as coronavirus weighs on consumption

Production resumes as lockdowns ease, but falling demand pushes down prices

20200515 datawatch

The International Monetary Fund forecasts that inflation will slow down around the globe. © AP

RYO SAEKI, KAZUYA MANABE and TAKASHI KAWAKAMI, Nikkei staff writers

TOKYO/GUANGZHOU -- Slumping economic activity caused by the coronavirus is pushing down inflation in China and elsewhere.

While China and many other countries have reopened their economies and factories after lockdowns to contain the spread of the disease, fears of a second wave of infections could continue to put downward pressure on consumption.

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