The People’s Bank of China (PBOC) building in Beijing, China, on Tuesday, April 18, 2023. China’s economy grew at the fastest pace in a year in the first quarter, putting Beijing on track to meet its growth goal for the year without adding major stimulus, while also helping to cushion the global economy against a downturn. Source: BloombergBloomberg | Bloomberg | Getty ImagesChina’s consumer price index rose 0.1% in April year-on-year, the slowest since early 2021. Month-on-month, prices declined by 0.1%.Economists surveyed by Reuters expected to see consumer prices rise 0.4% from a year ago and remain unchanged from the previous month.related investing news 10 hours agoCore inflation, which excludes food and energy, remained steady at 0.7% year-on-year and 0.1% month-on-month.April’s reading comes after China’s inflation rate eased to 0.7% in March after marking a recent peak of 2. …
