Chinese Producer Prices Miss, Slide For Second Month As Burst Commodity Bubble Spills Over

With the entire world’s focused on the last remaining reflationary dynamo in the world, China, today’s inflation data out of Beijing, fabricated as it may be, was closely watched. After all, just one month ago, UBS declared China‘s reflationary phase over, and a dark, deflationary era of negative credit impulse-driven deflation would soon be unleashed on the world. Again.

This post was published at Zero Hedge on May 9, 2017.