China’s latest inflation figures signal ongoing economic challenges, with consumer prices barely positive and producer prices continuing to decline. The consecutive drop in GDP deflator for three years raises concerns about the economy’s trajectory, while central bank purchases drive a rally in gold prices.
China #PPI #Deflationary 📉 💀t.co/iJ1xH9UGNO
— Invariant Perspective (@InvariantPersp1) April 11, 2024
Chinese #PPI & #CPI #deflation 📉 ☠️t.co/GmABVfdoak pic.twitter.com/r9aqsBR0dr
— Invariant Perspective (@InvariantPersp1) April 11, 2024
Central bank purchases, mainly by China have been quoted as the main reason for recent gold rally. Gold makes out only 4.3% of China’s reserves, there is still large room for further purchases. pic.twitter.com/T1ZAKu0EhR
— Michael A. Arouet (@MichaelAArouet) April 11, 2024
🇨🇳 China Foreign Direct Investment -19.9% YoY.
𝗟𝗼𝘄𝗲𝘀𝘁 𝘀𝗶𝗻𝗰𝗲 𝗝𝘂𝗹𝘆 𝟮𝟬𝟬𝟵 𝗶𝗻 𝘁𝗵𝗲 𝗚𝗹𝗼𝗯𝗮𝗹 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗖𝗿𝗶𝘀𝗶𝘀!
Chart: @tEconomics pic.twitter.com/c1fWrjRQ2Z
— Alex Joosten (@joosteninvestor) April 10, 2024
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