China May inflation slower than expected

China's consumer inflation rose 1.2 percent in May from the year-earlier period, while producer prices fell 4.6 percent. China's Shanghai Composite opened down 0.65 percent, while Hong Kong's Hang Seng index nursed a modest loss of 0.2 percent. In what may be a sign of weak domestic demand, China's imports tumbled 17.9 percent in May, more than the 10.7 percent...