China’s April CPI and PPI were released yesterday, both ended up below survey expectations. CPI was +0.1% yoy (prior 0.7%). PPI was -3.6% (prior -2.5%). Consumer Goods CPI came in at -0.4%, which indicates possible weaker demand. We’re not sure what’s causing this decline towards CPI deflation. It could be some items pulled it down (automotive fuels was…
THE BRIEF: Michael Pettis on China's dying economic growth model, Beijing can't pause economic development for long, Canton fair weak, PCAOB inspections
Trying to make sense of things
