📆 Monday, September 11
► On Saturday, China’s inflation data revealed consumer prices rose by 0.1% y/y in August 2023. This increase is after the first drop in over two years, at -0.3% in July. This shows that deflationary pressures seem to be easing. The producer price index, however, showed a narrowing drop from a fall of 4.4% in July to -3% in August.
► China's credit demand has shown improvement. Such indicators are signaling that China's economic and financial markets might be on the path to stabilization. Furthermore, the People’s Bank of China took measures to strengthen the CNY against prolonged market movements, rebounding it from a 16-year low.
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