Surveillance: Tech Appetite with Young
Bloomberg Surveillance
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The Impure Pulse of Chinese Disinflation Will Bring Down US Inflation
Ian Shepherdsen: The China rebound that everyone was so excited about six months ago has been a lot less impressive than we all hoped. Excess productive capacity and just not enough demand is pushing down China's PPI, which means downward pressure on global manufactured goods prices. They're going to export disinflation. How much is the percentage amount you would calculate that Chinese, the impure pulse of Chinese disinflation will bring down US inflation? Well, we're only talking about goods,. And remember that the US core CPI is mostly a service price index.
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