May 12, Monday

High-Level Insights:
According to the National Bureau of Statistics, China's CP| in April rose 0.1% month-on-month, compared to a 0.4% decline last month, while it fell 0.1% year-on-year, matching last month's decline. PPI dropped 0.4% month-on-month, unchanged from last month, and fell 2.7% year-on-year, with the decline widening by 0.2 percentage points compared to last month.

Overall Sentiment:
The weekend was dominated by attention on U.S.-China trade talks, with many rumors later debunked. Only Trump posted a tweet claiming significant progress, but neither side has made official statements. However, market movements suggest that investors do not expect talks to collapse outright.
April's CP| and PPI continued to decline, with the overall trend of negative inflation unchanged.