China Bond Traders Are Underestimating Inflation Risk, CCB Warns
A slump in Chinese government debt may worsen, with inflation picking up as breweries, dairies and others raise prices, and energy costs climb amid a government crackdown on coal.
Photographer: Qilai Shen/Bloomberg
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A slump in Chinese government debt may worsen, with inflation picking up as breweries, dairies and others raise prices, and energy costs climb amid a government crackdown on coal.
Cui Li, Hong Kong-based head of macro research at CCB International Holdings Ltd., expects inflation to rise to 2.5 percent this year, a marked increase from 2017 when China’s consumer price index averaged 1.6 percent.