Beijing’s Focus Remains Downside Growth Risks, Not Price Pressures
公開日
Chinese producer prices accelerated to 9.0% y/y in July, above expectations PPI would remain at 8.8%. Similarly, core CPI rose to a 18-month high of 1.3% y/y from 0.9%. Policymakers are unlikely to respond to signs of price pressures. First, the…
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