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 ๐ ๐https://t.co/iJ1xH9UGNO
— Invariant Perspective (@InvariantPersp1) April 11, 2024
Chinese #PPI & #CPI #deflation ๐ โ ๏ธhttps://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 Chinaโs reserves, there is still large room for further purchases. pic.twitter.com/T1ZAKu0EhR
— Michael A. Arouet (@MichaelAArouet) April 11, 2024
๐จ๐ณ China Foreign Direct Investment -19.9% YoY.
๐๐ผ๐๐ฒ๐๐ ๐๐ถ๐ป๐ฐ๐ฒ ๐๐๐น๐ ๐ฎ๐ฌ๐ฌ๐ต ๐ถ๐ป ๐๐ต๐ฒ ๐๐น๐ผ๐ฏ๐ฎ๐น ๐๐ถ๐ป๐ฎ๐ป๐ฐ๐ถ๐ฎ๐น ๐๐ฟ๐ถ๐๐ถ๐!
Chart: @tEconomics pic.twitter.com/c1fWrjRQ2Z
— Alex Joosten (@joosteninvestor) April 10, 2024