An official from China's banking and insurance regulator says expects PPI to hit 10% m/m

  • which would pressure to consumption
  • says medium and small sized financial institutions face risks from default of local government investment arms and property firms

I'm guessing if it feeds through to CPI. Awaiting more detail.

Meanwhile the PBOC is not showing many signs of discouraging the yuan's recent slide:

An official from China's banking and insurance regulator says expects PPI to hit 10% m/m