China’s May Producer Prices Beat Expectations

The video discusses the high PPI inflation in China, driven by metals and administrative measures. It explores the impact of these measures on global commodity prices and the inability to pass costs to consumers due to COVID-related lockdowns. The service sector's recovery is contingent on COVID developments in Guangdong. The PBOC is focused on deleveraging and maintaining liquidity, with a stable currency forecast despite volatility.

What is the expected timeline for producers to pass costs to consumers?

What factors could influence the recovery of the services sector in China?

What is the PBOC's focus in relation to CPI and PPI for the current year?