China government bonds Tag

China’s Soft Reopening

11 May, by Steven Vannelli, CFA in Economy, Markets

China reported year-over-year inflation last night at just 0.1%, 0.2% lower than expectations. Clearly China’s reopening is not creating price pressures, which brings the strength of the reopening into some question. Recently, we saw a fairly significant drop in China’s PMIs—all of them well below 50—indicating...