{"id":3077,"date":"2010-09-30T11:29:15","date_gmt":"2010-09-30T11:29:15","guid":{"rendered":"https:\/\/mmm.9dotdigital.ca\/?p=3077"},"modified":"2025-03-27T15:49:07","modified_gmt":"2025-03-27T15:49:07","slug":"will-china-resume-tightening","status":"publish","type":"post","link":"https:\/\/mmm.9dotdigital.ca\/?p=3077","title":{"rendered":"Will China resume tightening?"},"content":{"rendered":"<p>Chinese industrial output&nbsp;may be&nbsp;reaccelerating after a temporary slowdown. Adjusting for seasonal variation, the current and future new orders indices in the Market News International (MNI) business survey rose in September &ndash; see first chart.<\/p>\n<p>The rebound has been accompanied by a pick-up in input cost and output price pressures. The MNI current and future prices received indices rose sharply this month, suggesting a reversal of the recent slowdown in producer price inflation &ndash; second chart.<\/p>\n<p>The weekly food produce price index, meanwhile, continues to climb,&nbsp;signalling a likely&nbsp;further rise in CPI food inflation from an annual 7.5% in August &ndash; see previous <a href=\"http:\/\/www.moneymovesmarkets.com\/journal\/2010\/9\/22\/chinese-food-prices-still-climbing.html\">post<\/a> and third chart.<\/p>\n<p>Markets have been partying in anticipation of &#8220;QE2&#8221;.&nbsp;Will the Chinese authorities douse the celebrations?<\/p>\n<p><span class=\"full-image-block ssNonEditable\"><span><img decoding=\"async\" style=\"width: 680px;\" src=\"\/storage\/chart1_30-09-2010.gif?__SQUARESPACE_CACHEVERSION=1285850709144\" alt=\"\" \/><\/span><\/span><\/p>\n<p><span class=\"full-image-block ssNonEditable\"><span><img decoding=\"async\" style=\"width: 680px;\" src=\"\/storage\/chart2_30-09-2010.gif?__SQUARESPACE_CACHEVERSION=1285850727871\" alt=\"\" \/><\/span><\/span><\/p>\n<p><span class=\"full-image-block ssNonEditable\"><span><img decoding=\"async\" style=\"width: 680px;\" src=\"\/storage\/chart3_30-09-2010.gif?__SQUARESPACE_CACHEVERSION=1285850748353\" alt=\"\" \/><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chinese industrial output&nbsp;may be&nbsp;reaccelerating after a temporary slowdown. Adjusting for seasonal variation, the current and future new orders indices in the Market News International (MNI) business survey rose in September &ndash; see first chart. The rebound has been accompanied by a pick-up in input cost and output price pressures. The MNI current and future prices [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-3077","post","type-post","status-publish","format-standard","hentry","category-money-moves-markets"],"_links":{"self":[{"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/posts\/3077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3077"}],"version-history":[{"count":1,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/posts\/3077\/revisions"}],"predecessor-version":[{"id":5386,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/posts\/3077\/revisions\/5386"}],"wp:attachment":[{"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}