QTC: China – PPI deflation still looks cyclical
It still isn't clear that PPI deflation is a structural phenomenon. The test will be in the next few months, and whether PPI rises in line with global commodity prices.
![QTC: China – PPI deflation still looks cyclical](/content/images/size/w2000/2024/06/China--PPI-and-global-prices----YoY.png)
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