China in “deflation!”

Summary:
Some China price indexes MoM and YoY negative…Chinese CPI (Y/Y) Jun: 0.0% (est 0.2%; prev 0.2%)- CPI (M/M): -0.2% (est 0.0%; prev -0.2%)- PPI (Y/Y): -5.4% (est -5.0%; prev -4.6%)— LiveSquawk (@LiveSquawk) July 10, 2023 They keep cutting their rates…People's Bank of China cuts key short-term policy rate by 10 basis points, from 2% to 1.9% pic.twitter.com/FQuMpXTatx— TRT World Now (@TRTWorldNow) June 13, 2023

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