China's inflation data shows signs of deflation as government plans monetary easing

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China's consumer price index rose by 0.2% year-on-year in November, below the expected 0.5%. The producer price index fell by 2.5%, also better than the forecast of a 2.8% decline. This indicates a trend towards deflation. In response, China's Politburo announced plans for a more moderately loose monetary policy. This decision aims to boost economic activity and improve market sentiment ahead of the annual central economic work conference. Despite these measures, skepticism remains among investors regarding the effectiveness of China's promises for economic stimulus. Treasury yields have increased, reflecting cautious optimism in the market.


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