{"id":46337,"date":"2023-06-09T05:50:00","date_gmt":"2023-06-09T04:50:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=46337"},"modified":"2023-06-09T12:59:29","modified_gmt":"2023-06-09T11:59:29","slug":"morning-brief-chinese-inflation-underwhelms","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/morning-brief-chinese-inflation-underwhelms\/","title":{"rendered":"Morning Brief &#8211; Chinese inflation underwhelms"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"46337\" class=\"elementor elementor-46337\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4ad8d2f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4ad8d2f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1d9fd6d\" data-id=\"1d9fd6d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f2853f4 elementor-widget elementor-widget-text-editor\" data-id=\"f2853f4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The main focus during the <a href=\"https:\/\/bit.ly\/400zg4T\" target=\"_blank\" rel=\"noopener\">US dollar<\/a>, which continued to weaken and inflation data from China that stayed at low levels in May,\u00a0as the economy falter even after its strict Covid lockdown measures lifted late last year.<\/p><p>Producer price index in May fell 4.6%, marking the steepest year-on-year drop in seven years, when producer prices saw a year-on-year drop of 7.2% in May 2016.<\/p><p>The latest reading fell further from a decline of 3.6% in April and lower than expectations to see a decline of 4.3% in May, according to Reuters poll of economists.<\/p><p>Economists surveyed by Reuters expected China\u2019s consumer price index to rise 0.3% year-on-year after marking a two-year low of 0.1% in April. Month-on-month, economists predicted a 0.1% decline.<\/p><p>Recent economic data pointed to a disappointing recovery from China\u2019s strict Covid lockdown measures as the economy struggles with softening demand and falling exports.<\/p><p>A former IMF official, Desmond Lachman, wrote an op-ed in US media outlet Barron where he noted that \u201c<em>The question now is whether China will experience a lost economic decade as Japan did in the 1990s following the bursting of its property and credit market bubble.<\/em>\u201d<\/p><p>Worrying he said that \u201c<em>We may be at the end of the period when China, the world\u2019s second-largest economy, served as the world economy\u2019s main growth engine and the main driver of international commodity prices.<\/em>\u201d<\/p><p>Bank of Japan Governor Ueda spoke before parliament sticking to his support for easy monetary policy. Despite the ongoing US dollar weakness, the <a href=\"https:\/\/bit.ly\/2OJjKKR\" target=\"_blank\" rel=\"noopener\">USDJPY<\/a> pair continued to hold about the 139.00 handle.<\/p><p>Governor Ueda noted that the bank \u201cwill <em>patiently maintain current monetary easing<\/em>\u201d and \u201c<em>By supporting economy, we can create positive economic cycle where wages rise both on nominal, real basis.<\/em>\u201d<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The main focus during the US dollar, which continued to weaken and inflation data from China that stayed at low levels in May,&nbsp;as the economy falter even after its strict Covid lockdown measures lifted late last year. Producer price index in May fell 4.6%, marking the steepest year-on-year drop in seven years, when producer prices [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":33489,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[772,67,22],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Morning Brief - Chinese inflation underwhelms - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/morning-brief-chinese-inflation-underwhelms\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Morning Brief - Chinese inflation underwhelms Morning Brief - Chinese inflation underwhelms\" \/>\n<meta property=\"og:description\" content=\"The main focus during the US dollar, which continued to weaken and inflation data from China that stayed at low levels in May, as the economy falter even after its strict Covid lockdown measures lifted late last year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/morning-brief-chinese-inflation-underwhelms\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-09T04:50:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-09T11:59:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/08\/GettyImages-1400001514.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"486\" \/>\n\t<meta property=\"og:image:height\" content=\"292\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Morning Brief - Chinese inflation underwhelms Morning Brief - Chinese inflation underwhelms\" \/>\n<meta name=\"twitter:description\" content=\"The main focus during the US dollar, which continued to weaken and inflation data from China that stayed at low levels in May, as the economy falter even after its strict Covid lockdown measures lifted late last year.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/morning-brief-chinese-inflation-underwhelms\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/morning-brief-chinese-inflation-underwhelms\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"Morning Brief &#8211; 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