China Inflation May Provide Room for Stimulus: Economy – Bloomberg
Hyperinflation is just around the corner.
1. I don’t trust China’s govt as much as I trust the U.S. govt, so this number is probably wildly underestimated. But it’s still probably not more than 10% YoY.
2. It does open up the room for more stimulus.
3. It gives China more flexibility on the Yuan, reserves, and Europe