09 Jul 2025 01:30:31 ET │ 11 pages China Economics Reflation Now In Sight on Positive CPI and Supply Side Reform 2.0? CITI'S TAKE Year-on-year CPI reading turned to a positive surprise in June, and an earlier policy meeting hinted at potential Supply Side Reform 2.0. Is reflation in sight now for China? We tend to be cautious. The surprise in CPI could be smaller looking at the sequential change. Some small items such as jewelry could have contributed, while underlying momentum for the broader categories in ...

V i e w p o i n t | 19 May 2025 02:16:28 ET │ 12 pages China Economics Is the Exports-Driven Growth Model Back Amid Tariffs? CITI'S TAKE China's economy held up in April despite escalating trade tensions. The real growth rate could have been trailing at >5.0%YoY. The past exports-driven growth model appears to be back, at least for now. The production side was stronger than the demand side, and external demand outpaced domestic demand – both retail sales and fixed-asset investment weakened more than expecte ...