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Falling Chinese inflation is the growth canary

February 12, 2018 - 00:04 -- Admin

Friday saw the release of Chinese inflation which is cooling fast as the CPI slumped to 1.5% and PPL to 4.3%: As said before, the PPI is the key. It is an excellent leading indicator for Chinese industrial growth. I expect it to return to deflation in H2 as the commodities complex – especially ferrous – 

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