In the past week we’ve seen mounting evidence that Chinese growth is slowing into 2018 with more ahead. Let’s run through the data.
First up was inflation which stalled in December. CPI was stable at 1.8% but the PPI fell sharply to 4.9% and it is always a good leading indicator for industrial growth:
Trade data was also soft in December. Exports came in at 10.9% but imports only 4.5% year on year:
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