- China's CPI declined by 0.8% year-on-year in January 2024, falling short of the consensus forecast by 0.3 percentage points.
- This decline in CPI is much lower than last month and below the one-year average, suggesting a deepening period of unusually weak inflation.
- Investors have learned to live with the Russia/Ukraine war, the Middle East crisis, and China/Taiwan tensions. However, they still need to beware less high-profile war risks around the world that are consistent with the turbulent times in which we live.
By Alastair Newton
- China's GDP grew by 5.2% year-on-year in Q4-23, marking the highest growth rate since Q2-23 and surpassing the long-run average by 1.09 percentage points.
- The quarter-on-quarter GDP growth rate in Q4-23 was 1.0%, indicating a positive trend of economic recovery.
- China's Consumer Price Index (CPI) decreased by 0.3% year-on-year in December 2023, slightly better than expected.
- Although an improvement from the previous month, the CPI remains below both the one-year and long-run averages, indicating ongoing deflationary pressures.