One stat I had been watching is the monthly change in Chinese PPI. It pointed to accelerating inflation, hitting 1.6 percent in December. In January it fell in half, down to 0.8 percent. It's still the third highest number in the past four months, but if it harbingers disinflation, the global reflation trade could be hitting the skids amid monetary tightening in China.
There's not much to see in the CPI. Porkflation is still an issue, but there's no sign of the PPI inflation spreading into consumer prices. Although the CPI jumped 1.0 percent in January, there's a jump every year before the Spring Festival.
王毅访新西兰、澳大利亚 双边关系现稳定进展
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中国外交最高级别官员王毅18日访问了新西兰,进行新西兰新保守派政府上台以来的首次访问。他还将于20日访问澳大利 […]...
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