Inflationary Pressures Remain Tame In China
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China’s Producer Price Index jumped from 4.4% y/y to 6.8% y/y in April, surpassing expectations of 6.5% y/y and suggesting that inflationary pressures are intensifying in the mainland. The speed of the rise is eye-catching: PPI troughed at -3.7% y/y last May…
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