China's Consumer Price Index (MoM) (May) came at -0.1% vs -0.2% exp and 0.1% last, while Consumer Price Index (YoY) (May) was 1.5 % vs 1.5% exp and 1.2% last. Meanwhile, China’s Producer Price Index (YoY) (May) arrived at 5.5% vs 5.7% exp and 1.2% last. Mixed Chinese price pressures data appear to have slight negative impact on the Aussie, with the spot easing-off daily tops reached at 0.7549, down -0.12% on the day.
China's CPI increased by 1.5%
China's economy is likely to have remained on a stable footing in May, buoyed by solid gains in trade and investment as economic ties with the United States take a positive turn and infrastructure spending cushions domestic growth. A Reuters poll of indicators from trade and industrial output to loans and property investment, is expected to show that economic growth held up nicely into the second quarter, defying worries of a sharp slowdown. Beijing has curbed lending to avert bubbles and debt risks, but tougher regulations have raised concerns the measures could go too far and hurt growth.
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