China's April Factory Prices Lower Than Expected

The transcript discusses China's PPI and CPI numbers, highlighting a drop in PPI from March and a slight increase in CPI for April. It examines the impact of weakening commodity prices on the economy and corporate profitability. The transcript also covers the PBOC's inflation target and the expected economic outlook, noting that current numbers are unlikely to prompt changes in policy.

What was the forecasted PPI number for March, and how did the actual number compare?

• 6.4% forecasted, actual was 7.6%

• 7.6% forecasted, actual was 6.4%

• 6.7% forecasted, actual was 6.4%

• 6.4% forecasted, actual was 6.7%

What is the expected trend for PPI in China for the rest of the year according to Ding Xuan?

• Gradual deceleration to 5-6%

• Sharp decline to 3%

• Increase to 8%

• Remain stable at 6.4%

How do the PPI numbers in China affect global prices?

• They cause a spillover effect on global prices.

• They have no effect on global prices.

• They stabilize global prices.

• They only affect prices within China.

What was the consumer price inflation rate for April, and how did it compare to the forecast?

• 1.1%, below the forecast of 1.2%

• 1.2%, above the forecast of 1.1%

• 0.9%, matching the forecast

• 1.3%, above the forecast of 1.2%

What is the PBOC's inflation target, and how do economists view the likelihood of policy changes?

• 2%, likely to change policies

• 3%, unlikely to change policies

• 2%, unlikely to change policies

• 3%, likely to change policies