China’s CPI may turn positive after March, the People’s Bank of China (PBOC) run newspaper – Financial News reports, citing Chinese analysts.
Key quotes
“China is likely to face more moderate inflation in 2021 than other nations given its more stable monetary policy, slow wage growth and steady price expectations.”
“In the long run, inflation and increasing asset prices due to higher importing costs may be a concern.”
This comes after the CPI dropped 0.3% YoY in January after accelerating 0.2% in the previous month.
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