Inflation is unlikely to be a constraint on central bank’s policy. The headline consumer price index (CPI) in China picked up slightly in September, rising by 2.5% year-over-year (y-o-y) compared with 2.3% in August, driven by higher food price and fuel prices. Excluding food and energy, core inflation in China actually eased to 1.7% y-o-y in September from 2.0% in August. Looking forward, we see some moderate upward...
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Inflation is unlikely to be a constraint on central bank’s policy.The headline consumer price index (CPI) in China picked up slightly in September, rising by 2.5% year-over-year (y-o-y) compared with 2.3% in August, driven by higher food price and fuel prices. Excluding food and energy, core inflation in China actually eased to 1.7% y-o-y in September from 2.0% in August.Looking forward, we see some moderate upward pressure on Chinese headline inflation due to tariffs on US imports and...
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October data suggests China continues to regain momentum, justifying our decision to raise our growth forecast for this year. But we still expect growth to slow in 2017.China’s purchasing manager indices (PMIs) rose strongly in October. Both the official and the Caixin manufacturing PMIs came in at 51.2 , reaching their highest levels since August 2014. The official non-manufacturing PMIs also rose noticeable in October. The strong figures indicate that the improving growth momentum in China...
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