China’s April CPI increased at its slowest yr/yr pace since early 2021 while PPI fell at its fastest rate since 2020.
China’s April CPI -0.1% m/m (expected 0.0%; last -0.3%); 0.1% yr/yr (expected 0.4%; last 0.7%). April PPI -3.6% yr/yr (expected -3.2%; last -2.5%). April New Loans CNY718.80 bln (expected CNY1.403 trln; last CNY3.890 trln) and total social financing CNY1.220 trln (expected CNY2.00 trln; last CNY5.38 trln)
Australia’s trade minister is in China, looking to improve relations between the two countries.
China is reportedly looking to resume and improve dialog with Taiwan.