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%
- 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.