Information from China over the weekend confirmed an exit from deflation:

Final week we additionally had higher commerce knowledge from China:

Nice commerce knowledge AND then an exit from deflation multi functional week. Which, because it occurs, coincides with China’s annual parliament:

China’s Nationwide Folks’s Congress (NPC)

What a marvellous flip of occasions in China. Certainly, China’s World Instances, the tabloid mouthpiece for the Chinese language Communist Get together famous as a lot additionally:

The three-month steady rise in consumption costs month-on-month confirms a sign of the restoration of home demand throughout the Chinese language economic system that was mirrored in China’s improve in imports within the first two months of 2024. The nation’s general financial efficiency within the first quarter could exceed expectations, in keeping with one professional.
The sturdy year-on-year and month-on-month value will increase in February counsel that consumption in China has certainly returned to regular ranges, even after excluding seasonal components which embrace the normal consumption surge through the Spring Competition holidays, Tian Yun, an economist based mostly in Beijing, advised the World Instances on Saturday.

Cynics would possibly assume the information has been manipulated in a roundabout way whereas the NPC is on.

Let me know within the feedback in case you are questioning the identical factor as me.