Logo 09 Mar 2023

Paper tiger

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On Thursday, China’s stats bureau (NBS) released the inflation data for February.
The headlines (NBS):

The consumer price index (CPI) rose 1.0% y/y in February, down from 2.1% in January.
The producer price index (PPI) fell 1.4% y/y in February, compared with the 0.8% y/y decline in January.

The f...