China's reflation shows signs of peaking as Iran war shock fades

Bloomberg07-09

China's reflationary momentum showed signs of stalling in June, a reminder that the outlook for domestic prices is fragile as the economy emerges from deflation after an easing of tensions over Iran.(...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's reflation shows signs of peaking as Iran war shock fades\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-09 04:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/china/chinas-reflation-shows-signs-peaking-iran-war-shock-fades?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China's reflationary momentum showed signs of stalling in June, a reminder that the outlook for domestic prices is fragile as the economy emerges from deflation after an easing of tensions over Iran.(...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/china/chinas-reflation-shows-signs-peaking-iran-war-shock-fades?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VOTE","symbol_name":"TCW Transform 500 ETF","start_time":0,"source_url":"https://www.theedgesingapore.com/news/china/chinas-reflation-shows-signs-peaking-iran-war-shock-fades?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2650298975","we_media_id":null,"thumbnails":[],"rights":{"source":"edge_highlight","url":"https://www.theedgesingapore.com/news/china/chinas-reflation-shows-signs-peaking-iran-war-shock-fades?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2650298975","pubTimestamp":1783543660,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"China's reflationary momentum showed signs of stalling in June, a reminder that the outlook for domestic prices is fragile as the economy emerges from deflation after an easing of tensions over Iran.","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"VOTE":"TCW Transform 500 ETF","DECU":"AllianzIM U.S. Equity Buffer15 Uncapped Dec ETF","BKDV":"BNY MELLON DYNAMIC VALUE ETF","ILCV":"iShares Morningstar Value ETF","PRVS":"Parnassus Value Select ETF","EES":"WisdomTree U.S. SmallCap Fund","XOEX":"Xtrackers S&P 100 Ex Top 20 ETF","RMIF":"LHA Risk-Managed Income ETF","EQRR":"ProShares Equities for Rising Rates ETF","LCG":"Sterling Capital Focus Equity ETF","MDLV":"MORGAN DEMPSEY LARGE CAP VALUE ETF","FLV":"American Century Focused Large Cap Value ETF","RHTX":"RH TACTICAL OUTLOOK ETF","CLIX":"ProShares Long Online/Short Stores ETF","IMCG":"iShares Morningstar Mid-Cap Growth ETF","SDOG":"ALPS Sector Dividend Dogs ETF","SAMT":"Strategas Macro Thematic Opportunities ETF","BK4588":"碎股","IUS":"Invesco RAFI Strategic US ETF","HIDV":"AB US HIGH DIVIDEND ETF","DBC":"商品指数ETF-PowerShares DB","DFUV":"DIMENSIONAL US MARKETWIDE VALUE ETF","RULE":"Adaptive Core ETF","PSC":"Principal U.S. Small-Cap Multi-Factor ETF","REGL":"ProShares S&P MidCap 400 Dividend Aristocrats ETF","BAMA":"Brookstone Active ETF","CGUI":"Capital Group Ultra Short Income ETF","BSR":"BEACON SELECTIVE RISK ETF","FXD":"First Trust Consumer Discretiona","VXZ":"中期波动率指数期货ETN","CGUS":"Capital Group Core Equity ETF","CDC":"VictoryShares US EQ Income Enhanced Volatility Wtd ETF","MODL":"VictoryShares WestEnd US Sector ETF","LGH":"HCM Defender 500 Index ETF","ARP":"PMV ADAPTIVE RISK PARITY ETF","CPI":"IQ Real Return ETF","CGDV":"Capital Group Dividend Value ETF","FT":"富兰克林通用信托","VTV":"Vanguard Value ETF","TEQI":"T. 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And while the effect of a low base from 2025 kept producer inflation on an upswing, factory prices declined 0.3% from May on a month-on-month basis, their first drop since July 2025. \n\"The fall in global crude oil prices led to a drop in prices for related sectors in China,\" Dong Lijuan, a statistician with the NBS, said in a statement accompanying the release.\nThe yield on China's 10-year government bonds was steady at 1.73% after the data publication. The onshore yuan was little changed even as most currencies in Asia weakened against the dollar on Thursday.\nThe waning strength of inflationary pressures predates the most recent flare-up between the US and Iran. China probably exited economy-wide deflation last quarter after a three-year stretch of declines in prices - a turnaround caused in large part by booming investment in artificial intelligence and the oil shock stemming from the conflict in the Persian Gulf. \n\nAs hostilities in the Middle East resumed this week, the uncertainty in the oil market sent Brent crude higher for three straight days. \n\"The latest escalation in US-Iran tensions could deliver some renewed upward pressure on inflation in the near-term,\" said Julian Evans-Pritchard, head of China economics at Capital Economics. \"But this will remain limited to a few narrow areas and inflation still looks set to return near zero once energy supply normalises.\"\nDespite the higher global cost of oil, chips and metals, however, a broader reflation remains in doubt as factories struggle to fully pass on higher costs to consumers because of sluggish consumer spending, putting their profitability under pressure. \nChina's producer inflation, which only turned positive three months ago, quickened slightly in June to 4.1% from a year ago, matching forecasts. The consumer price index (CPI) decelerated for the first time since March and reached 1%, falling short of the 1.1% median estimate in a Bloomberg survey of economists.\n\nThe core CPI, which strips out volatile food and energy prices, dipped to 1% in June, a sign domestic consumer demand is weakening even as trade booms. \nThe central bank also showed more concern about the increasing divergence in growth following a quarterly meeting of its monetary policy committee this month.\nWithin CPI, increases in the cost of vehicle fuel slowed in June to 15% from a year earlier, compared with 21% in May. Prices for tobacco and home appliances also moderated, while pork deflation persisted.\nA drop in gold prices this year is removing another factor that's been contributing to faster consumer inflation in China since late 2025. The category of \"miscellaneous goods and services\", which includes gold jewellery, continued to show a slowdown in prices. \nA few items grew more expensive and stood out against the backdrop of weaker inflation. \nPrices of communications equipment, which includes smartphones, climbed 7.6%, reflecting soaring chip costs. Egg prices jumped 16%, a result of a cyclical decline in the number of laying hens. \nA growing number of analysts are estimating economic growth slipped below the lower bound of the official target of 4.5% to 5% in the second quarter. \nThe next window for policymakers to roll out more stimulus is the upcoming meeting of the Communist Party's decision-making Politburo, which is set to be convened in late July. A slowdown in government spending has been a key drag on growth, something that authorities may seek to change.\n\"The inflation outlook allows policymakers to remain patient and keep interest rate cut on hold in 2026,\" said Zhaopeng Xing, senior China strategist at Australia & New Zealand Banking Group, in a report. \"As oil prices retreat, China's PPI inflation is likely to ease toward 2%-3% in the coming months from its peak in June.\"\nUploaded by Chng Shear Lane","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.45.2","shortVersion":"4.45.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2650298975","isCrawlerRequest":true}