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Mnuchin says he’s ‘cautiously hopeful’ that China tariffs can be avoided

U.S. Treasury Secretary Steven Mnuchin has left the door open for a trade deal with China, but at the same time has insisted the Trump administration won’t back down in its push for more balanced trade between the two nations. He signaled that stance in a “Fox News Sunday” interview amid tensions triggered by U.S. plans to impose tariffs on Chinese imports worth $60 billion.

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Chinese Consumer Prices Spike Most In 5 Years

Yuan is tumbling after Chinese Consumer prices spiked 2.9% YoY in February - the biggest jump in inflation since Nov 2013. Consumer prices jumped 1.2% MoM and 2.9% YoY (considerably higher than the 2.5% jump expected). The biggest driver of the price surge being food (something few can do without) which soared 4.4% - the biggest jump since June 2016.

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China January new loans surge to record 2.9 trillion yuan, blow past forecasts

China’s banks extended a record 2.9 trillion yuan ($458.3 billion) in new yuan loans in January, blowing past expectations and nearly five times the previous month as policymakers aim to sustain solid economic growth while reining in debt risks. While Chinese banks tend to front-load loans early in the year to get higher-quality customers and win market share, the lofty figure was even higher than the most bullish forecast by economists in a Reuters poll.

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China CPI up by 1.5% in January

China’s consumer inflation cooled to 1.5 percent in January, in line with economists’ forecasts, official data showed on Friday. The consumer price index (CPI) had been expected to moderate from a 1.8 percent gain in December. The producer price index (PPI) rose 4.3 percent from a year earlier, also cooling from the previous month’s rise of 4.9 percent, the National Bureau of Statistics (NBS) said on its website.

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