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China's CPI inflation was 0.2% for the past 12 months, substantially higher than the -0.5% registered in November but lower than the roughly 2% of the past five years. I believe demand deposits yield 0.35% and 1-year and 2-year deposits yield 1.5%...
xinhuanet.com/english/2021-0…
China's CPI inflation was 0.2% for the past 12 months, substantially higher than the -0.5% registered in November but lower than the roughly 2% of the past five years. I believe demand deposits yield 0.35% and 1-year and 2-year deposits yield 1.5%...
xinhuanet.com/english/2021-0…
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and 2.1%, which means that for now households are getting a real return on their savings, but they won't be if CPI prices continue to rise as fast as they have in the past several weeks. The real return on savings matters a lot to the distribution of income and to the...
and 2.1%, which means that for now households are getting a real return on their savings, but they won't be if CPI prices continue to rise as fast as they have in the past several weeks. The real return on savings matters a lot to the distribution of income and to the...
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share households retain of GDP, which in turn matters to rebalancing.
On the other hand PPI prices are still in year-on-year deflation. PPI prices declined by 0.4% in December, about half of what was expected, compared to a 1.5% decline year on year in November.
share households retain of GDP, which in turn matters to rebalancing.
On the other hand PPI prices are still in year-on-year deflation. PPI prices declined by 0.4% in December, about half of what was expected, compared to a 1.5% decline year on year in November.
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In the past month, however, factory-gate prices actually rose by 1.1%, versus rising by 0.5% in November. With the 1-year loan prime rate at 3.85%, rising PPI prices should make real debt servicing easier for Chinese businesses.
In the past month, however, factory-gate prices actually rose by 1.1%, versus rising by 0.5% in November. With the 1-year loan prime rate at 3.85%, rising PPI prices should make real debt servicing easier for Chinese businesses.
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