China’s July Producer Price Index for Industrial Producers (annual rate) released: 3.5%

China's July PPI YoY came in at 3.5%, missing the 3.8% forecast and previous 4.1%, indicating easing inflationary pressures and room for monetary easing.

China’s industrial producer price index (year-on-year) for July came in at 3.5%, lower than the expected 3.8% and the previous figure of 4.1%. This downward deviation from expectations suggests that inflationary pressures in the country are further easing, providing more room for the monetary policy to remain accommodative.