China’s April CPI +0.3% y/y (vs. +0.1% expected) and PPI -2.5% (expected -2.3%)
For y/y data:CPI +0.3% Continuing to claw its way out of the downturn This is the third month in a row that the CPI has exceeded zero on an annual basisExpected +0.2%, Previous +0.1%Producer Price Index -2.5% The economy remains in a deep…