Seeking Alpha

Chinese CPI drops more than expected

  • China's inflation fell to 2.5% on year in December from 3% in November and came in below forecasts of 2.7%.
  • On month, CPI +0.3% vs -0.1% and +0.4%.
  • PPI dropped for the 22nd month in a row - the longest streak since the 1990s - declining 1.4% on year, as in November, and vs consensus of -1.3%.
  • For the year, inflation was 2.6%, well below the government's target of 3.5%; along with the latest fall, that could ease fears about how much the central bank will tighten monetary policy.
  • "Inflation pressures remain modest, which will allow policymakers to continue focusing on policies to support growth while implementing structural reform measures in 2014," says HSBC economist Xiaoping Ma.
  • Shanghai Composite -0.8%.
  • ETFs: FXI, PGJ, GXC, FXP, HAO, CYB, YINN, CNY, TAO, CHIQ, CHIX, ASHR, YANG, MCHI, PEK, CQQQ, XPP, QQQC, DSUM, YAO, KWEB, CHXX, CHII, FXCH, CHXF, ECNS, YXI, CHIE, CHIM, KFYP, FCA, TCHI, CHLC, CHNA
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Comments (1)
  • samuel_liu
    , contributor
    Comments (2798) | Send Message
     
    HA!
    9 Jan 2014, 06:41 AM Reply Like
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