China March inflation - CPI 0.4% y/y (vs. expected 0.3%) & PPI 4.4% y/y ( vs. expected 3.6%)

China CPI comes in 0.4% y/y in March, vs

• expected 0.3% y/y, prior 0.2%
• for the m/m comes in at -0.5%

PPI 4.4% y/y, quickest pace of increase since 2018

• expected 3.6% y/y, prior 1.7%
• and +1.8% m/m

Low CPI and a boost to the CPI should translate to a positive for Chinese stock markets - higher PPI should give producers scope to seek higher profits from selling.