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Chinese inflation sure ain’t rebalancing

June 12, 2018 - 00:04 -- Admin

Chinese inflation was out over the weekend and it sure ain’t rebalancing. The CPI is weak: The only pulse there is petrol. The PPI was stronger: But that’s all about oil and metals. Some rebalancing! I expect both CPI and PPI to fall away through H2. It’s obvious that deflation looms so more PBOC easing

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