Chinese Titanic prepares to go down with the Trump

Tuesday 10 December 2024

The Chinese deflationary crash rolls on unabated. Goldman has more.

China’s headline CPI inflation edged down to +0.2% yoy in November from +0.3%yoy in October, but headline PPI inflation picked up slightly to -2.5% yoy in November from -2.9% yoy in October.

Headline CPI inflation print missed consensus forecasts, while PPI inflation surprised to the upside.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.