Inflation in China is Finally Beginning to Stabilize

China’s consumer inflation remained stable in May, while the decline in producer prices showed signs of easing, indicating sluggish demand amid a prolonged property downturn in the world’s second-largest economy.  China’s consumer price index (CPI) grew by 0.3 percent year-on-year in May, matching April’s figure and falling slightly short of economists’ expectations. However, on a monthly basis, there was a marginal decline of 0.1 percent in the CPI.  This stability in consumer prices comes amidst a backdrop…