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/VIEW: ANZ state that "as food price..........>

CHINA
CHINA: /VIEW: ANZ state that "as food price inflation has been low, we are
revising lower our CPI forecast to 2.0% for 2018 from 2.6% previously but we
maintain our PPI forecast at 4.0%. China's nominal GDP can largely offset debt
growth. We expect China's year-end debt-to-GDP ratio to rise only marginally to
256.7% from 255.3% at end-2017. We are also revising lower our year-end 10-year
CGB yield forecast by 20bps to 3.80%, to reflect the moderation in the inflation
outlook and improved interbank liquidity."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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