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The Great China Inflation Rebound Isn't Looking So Hot After All

  • Producer prices are forecast to post second-straight 5.5% gain
  • Biggest trading nation played a major role in global reflation
Pedestrians holding umbrellas walk past buildings illuminated at night in the Lujiazui district of Shanghai.
Photographer: Qilai Shen/Bloomberg

China’s great reflation is showing further signs of being a let-down.

Producer price gains have eased back from February’s eight-year high as activity in the property and infrastructure sectors slows amid a government crackdown on risky lending.