date:May 10, 2013
Producer prices - a barometer of future inflation - continued to decline in China in April, pointing to lingering weak market demand and a tepid recovery in the world's second-largest economy.
The Producer Price Index, which measures wholesale inflation, fell by 2.6 percent year-on-year in April, the National Bureau of Statistics said on Thursday.
The drop exceeded the 2.2 percent market forecast and follows a trend of declines, which suggests continued weak market demand.
The decline, which