China CPI expectations - TDS

Analysts at TD Securities explained that in China on Tuesday they expect April CPI inflation at 2.5% Y/Y.

Key Quotes:

"A bit up on the consensus and prior of 2.3%, due to rising oil and generic food prices, while pork price inflation stabilized at high levels. Sometime this week we have New Yuan Loans.

After the blistering Q1 explosion in total social financing, we expect a cooler April, as the government exhibits more caution on stimulus efforts. We are at 800bn, in line with the consensus."