I was the sad sack on China yesterday, posting the data indicating the country slipping back towards consumer price deflation:
China November CPI +0.2% y/y (expected +0.5%) PPI -2.5% y/y (expected -2.8%)China’s Inflation Data: November Trends and Projections
But, with a glimmer of hope perhaps this week:
China’s annual central economic work conference is set to convene this week
Later on Justin had some better news:
China’s Politburo says will implement a more moderately loose monetary policyChina promise for even bigger easing lifts risk sentimentChina president Xi: We must be fully prepared to achieve next year’s economic targetsForexLive European FX news wrap: Aussie buoyed as China vows to ramp up stimulus next year
And Adam followed u:
It’s all about China today: Three stories are dominatingTreasury yields higher as China turns on the taps but bonds skeptical
Just to finish on a down note ( 😉 ) … how often have we been disappointed by all the promisies out of China? Is this time different?
This article was written by Eamonn Sheridan at www.forexlive.com.
