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China inflation for November is out and hit consensus more or less at 1.5% CPI and -5.9% PPI:
No real joy there for anyone. Certainly no sign of improvement in the industrial economy.
The yuan fixing is also up and its at its lowest since August again helping spread that deflation globally:
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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.
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