trung_quoc

China’s National Bureau of Statistics just released the Consumer Price Index (CPI) for August, which rose 0.8% year-on-year, exactly in line with market expectations, and a significant improvement from the 0.50% recorded in the previous month.

The mild rebound in CPI suggests that the deflationary pressure weighing heavily on the world’s second-largest economy over recent times is showing signs of easing. However, the 0.8% figure still reflects fairly cautious domestic demand, leading analysts to believe Beijing needs to continue its accommodative monetary policy stance and step up fiscal stimulus to strengthen the growth momentum.

For international financial markets, data matching expectations helps ease concerns about the risk of consumer spending contraction in China, providing a stable footing for industrial commodities and the Chinese yuan exchange rate. Global stock markets have also benefited, with one short-term risk variable reduced.

As for crypto, stable macro data from China brings a more relaxed sentiment for risk capital flows, helping $BTC maintain the current price structure. The outlook for liquidity easing from major central banks continues to be an important pillar supporting the market over the medium term. 📊

#cpi #trung_quoc #kinh_te_vi_mo