Greg had the CPI data from China earlier:
Credit Suisse (analyst speaking on CNBC in Asai) says
- We don’t think CPI is an issue in China, in fact, it’s going to be remaining steady within this range of 1% to 3% in the foreseeable future”
- consumer prices in China remained moderate due to weak demand
- in Q2 CS expect GDP up 6.1%, citing base effects and “a resurgence in consumer activity” - a bounce back from restrictions
---
Its going to be a bumpy road ahead for China, cases are soaring and people are still becoming accustomed to living with the new rules. The trend should be for improvement though.
