China’s consumer prices continued to decline for the third consecutive month in April, registering a 0.1 percent year-on-year drop amidst subdued spending and ongoing trade tensions with the United States. The country witnessed a decrease in exports to the U.S., but shipments to Southeast Asia experienced robust double-digit growth. In response to the challenging economic conditions, policymakers have adopted a more relaxed monetary policy to boost domestic economic activity and counter deflationary pressures.