China PPI Set to Rebound to 5% by June: Herald

China's PPI will likely peak at over 5% y/y by June from 1.7% in February as increasing global vaccination lifts sentiments over the pandemic, exports grow and prices of commodities gain, the 21st Century Business Herald reported citing Zhao Wei, the chief economist with Kaiyuan Securities. The surging price of production is unlikely to move monetary policy unless CPI matches the gains, Zhao said. China recorded another negative CPI at -0.2% y/y in February. Inflation may reach 3% y/y in June, within government tolerance, the newspaper said citing Wang Qing, the chief analyst with Golden Credit Rating.