Although the headlines focus on yoy inflation, producer prices decelerated for the second consecutive month. PPI inflation was running ~20 percent annualized at the end of 2016. In February, the annualized pace of increase is 7 percent, below the headline figure. Month-to-month numbers are volatile. This could be a pause within a larger bull market in commodities. A rebound in Chinese credit growth could carry inflation much higher. But for now, prices are on a downtrend or stabilizing. Ignoring yuan depreciation, crude oil prices will stop being inflationary by May or June.
Since consumer prices only jumped 1.0 percent at Spring Festival, versus 1.6 percent in 2016, the CPI slumped to 0.8 percent yoy. The CPI was negative 0.2 percent in February.
100多家研究机构524名中国医生集体论文造假被国际期刊撤稿 名单全部曝光 - 【博闻社】4月20日，世界最大学术出版机构之一的施普林格（Springer）出版社发表撤稿声明，旗下期刊《肿瘤 […]...