China factory-gate inflation slows more than expected in July

China's inflation cools in July as producer prices hit a three-month low, consumer prices slow to a six-month low

China's producer price inflation eased to 3.5% year-on-year in July, a three-month low and below market expectations, while consumer price inflation slowed to 0.5%, a six-month low. The cooling reflects retreating global energy prices and soft domestic demand despite ongoing geopolitical tensions.