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11th Jun 2024 17:41China+Daily Monitor

  • China’s CPI inflation was unchanged, as slowing core inflation was offset by firming food prices.
  • Producer deflation eased sharply on faster upstream reflation, which bodes well for industrial profitability.
  • More stimulus will be needed to kick-start domestic demand; we reiterate our call for an MLF cut in June.

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Keywords for: 13 June 2024 China+ Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence