Chinese depression leads to war

Tuesday 11 March 2025

This is about as surprising as Canberra being stupid. Goldman.

CPI and PPI deflation in February:China’s February CPI and PPI inflation came in at-0.7% yoy and -2.2% yoy, respectively. Much of the CPI weakness came from thefalling demand post-Lunar New Year: food price inflation fell to -3.3% yoy (vs. +0.4%in January) and tourism price inflation plummeted to -9.6% yoy (vs. +7.0% yoy in January).

Core CPI inflation became negative (-0.1% yoy) for the first time sinceJanuary 2021.

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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.