China's CPI growth was the weakest since the global financia...
China's CPI growth was the weakest since the global financial crisis at -0.8% YoY in January. Equally dismal was the PPI reading of -3.4% YoY. There does seem to be a bit of activity in the services sector with slight price growth there but CPI for consumer goods was down -1.7% YoY, and PPI for consumer durables down -2.3% YoY.
China can look to support the stock market through various measures, but it is hard to ignore the economic reality. The Evergrande liquidation will be a drawn out process that only exacerbates economic pessimism. I am still probably fading Chinese equities even after the recent bounce.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment