Chinese trade and inflation data deteriorate

By in China Economy

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China release trade and inflation data over the weekend and both showed it is slowing sharply. For trade, exports were 5.4% year on year and imports 3.0%, both large misses to expectations. The trade deficit is still large at $44.7bn:

Inflation was also concerning. The CPI decelerated sharply:

Aided by petrol:

And the PPI slumped as well:

With inflation hard to find at all:

China is slowing fast.

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