China inflation weakens further

Monday, 10 November 2014

China has released its inflation numbers for October and the news is further weakening with the CPI in at 1.6% unchanged and on consensus, but the PPI, which has a habit of leading GDP and commodity demand, accelerated downwards 2.2% year on year and ahead of 2% expected:

There is no let up on the pressure within the Chinese industrial economy.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.