China moving further into deflation. Despite ongoing stimulus efforts, admittedly incremental.
expected -0.2%, prior 0.0%for m/m 0% (expected +0.1%, prior +0.4%)
PPI YY -2.9%
expected -2.9%, prior -3.6%for m/m 0%As for PPI, the anti involution policy not showing much of an impact so far. As I posted earlier:
In July Chinese policy shifted to “Anti-involution”, trying to address intense, unproductive competition that leads to inefficiency rather than progress. The term refers to destructive, excessive competition with little progress, gained prominence after President Xi Jinping vowed to regulate chaotic price wars, especially in sectors like solar, EVs, and steel. Its an uphill battle though, overcapacity spans competitive private-sector industries. This article was written by Eamonn Sheridan at investinglive.com.Hence then, the article about china august inflation data cpi 0 4 y y expected 0 2 was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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