China’s July Consumer Price Index for Residents (annual rate) released: 0.5%

China's July CPI annual rate hit 0.5%, missing the 0.8% forecast and 1.0% prior, signaling weak demand and potential for looser policy.

China’s annual CPI figure for July came in at 0.5%, lower than the expected 0.8% and the previous value of 1.0%. The significantly lower-than-expected figure indicates continued weakness in domestic consumer demand and further easing inflationary pressures, which may prompt the market to reassess the room for accommodative policies.