First Word Asia: Waiting for China DataBloomberg News
Nov. 10, 2015
We need more disappointing data for additional monetary stimulus, so says Zhu Haibin, Chief China Economist, J.P. Morgan Chase.
China’s consumer inflation eased in October while factory-gate deflation extended a record streak of negative readings to 44 months. The consumer-price index rose 1.3 percent in October from a year earlier, according to official data, missing the 1.5 percent estimate in a Bloomberg survey. The producer price index fell 5.9 percent.
Does it signal that policy makers will put the pedal to the medal on interest rate cuts? Bloomberg's Doug Krizner and Bryan Curtis spoke to Zhu Haibin.
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