MNI China Daily Summary: Monday, February 10

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CHINA PRESS: China CPI Quickens In January

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

China’s CPI reached 0.5% y/y in January, the fastest rate in five months, driven by Spring Festival demand and authorities' new round of consumer trade-in scheme, according to Wen Bin, chief economist at Minsheng Bank. The temperature drop affected agricultural production, causing pork prices and fresh fruit and vegetables to rebound, Wen added. Looking ahead, PPI declines may narrow as strong exports and resumption in construction following the Spring Festival supports a recovery of domestic industrial product prices, following January's 2.3% fall, Wen said.

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China’s CPI reached 0.5% y/y in January, the fastest rate in five months, driven by Spring Festival demand and authorities' new round of consumer trade-in scheme, according to Wen Bin, chief economist at Minsheng Bank. The temperature drop affected agricultural production, causing pork prices and fresh fruit and vegetables to rebound, Wen added. Looking ahead, PPI declines may narrow as strong exports and resumption in construction following the Spring Festival supports a recovery of domestic industrial product prices, following January's 2.3% fall, Wen said.