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October 2020 China Macro Data Recap

October macroeconomic data revealed mixed signals concerning China’s recovery, with the exception of a sharp decline in consumer price inflation that threatens to push CPI growth below zero before year-end. Some industrial indicators such as cement output showed stronger growth, while power output and implied oil demand growth slowed. Headline property sales surprisingly rose in October even as financial pressures within the property industry accumulated following Beijing’s new tightening measures.

Posted November 17, 2020
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