Kagenmi China’s annual inflation rate stood at 0.4% in September 2024, below market forecasts and August’s figure of 0.6%, marking the 8th month of consumer inflation, but was the lowest print since June. Core consumer prices, excluding food and energy costs, increased 0.1% y/y, the smallest rise since February 2021, after a 0.3% gain in August. Monthly, the CPI was unchanged, compared with consensus and August’s print of a 0.4% rise. China's producer prices declined by 2.8% y/y in September 2024, steeper than a 1.8% fall in the previous month and market forecasts of a 2.5% drop, marking the 24th consecutive month of producer deflation and the sharpest contraction since March, driven by persistently weak domestic demand despite Beijing's continued efforts to reverse the trend. On a monthly basis, producer prices fell by 0.6%, following a 0.7% drop in August. For the first eight months of the year, producer prices decreased by 2.0%. Food prices in China increased by 3.3% y/y in September 2024, accelerating from a 2.8% rise in the previous month and marking the second consecutive month of gains, marking the steepest rise since January 2023, reflecting the impact of adverse weather and seasonal demand ahead of a weeklong holiday. Separately, in a briefing on Saturday headed by Finance Minister Lan Foan, the government pledged to increase borrowing to support the property market, offer subsidies to low-income people and boost state banks’ capital in a wider effort to shore up the economy. The Shanghai Composite jumped 1.7% to around 3,270 on Monday, recouping some losses from last week as discouraging Chinese inflation data in September and uncertainty over Beijing's fiscal stimulus plans fueled concerns about demand. ETFs: (FXI), (KWEB), (CQQQ), (MCHI), (ASHR), (YINN), (TDF), (CHIQ), (GXC), (EWH), (KBA), (YANG), (CXSE), (CAF), (CWEB), (PGJ), (KURE). Currency: (CNY:USD)