Newly released economic indicators show that China's economy continued to slow in April, raising expectations that the government will resort to greater policy easing to help stimulate the GDP. In April, China's consumer price index, a main gauge of inflation, eased to 3.4 percent year-on-year from 3.6 percent in March, according to data released by the National Bureau of Statistics on Friday. Food prices increased 7 percent last month from a year earlier, compared with 7.5 percent in March, as falling pork and fruit prices offset rising vegetable prices. The Bank of Communications forecast that this year's average CPI may decline to 3.3 percent from 5.4 percent in 2011.
