China: Three Things in China

Goldman Sachs reviews recent economic indicators in China, noting that PPI inflation likely peaked while the PBOC maintains a measured policy stance. The report also covers new government initiatives to stimulate the retail sector.

Key Takeaways

• 1.PPI inflation likely peaked in China, with lower energy and gold prices contributing to a downward revision in H2 projections.
• 2.The PBOC acknowledges economic challenges but shows no signs of broad-based easing; the focus remains on advancing RMB internationalization.
• 3.The Ministry of Commerce released a plan focusing on supply-side retail improvements, including new retail formats and tighter antitrust regulation for online platforms.

Table of Contents

• China: Three things in China
• Disclosure Appendix

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