China Inflation

Beijing had already been battling a slowing domestic economy before the new coronavirus emerged, disrupting businesses, travel and supply chains

Some analysts have expected China will raise the 2020 annual inflation target to 3.5%

Widespread outbreak of swine fever since August 2018 has disrupted the pork supply in China

The report signals that the central bank remains committed to a targeted, constrained approach toward easing despite increasing economic risks

The producer price index (PPI), seen as a key indicator of corporate profitability, fell 1.6% in October from a year earlier, marking the steepest decline since July 2016

Falling commodity prices and weak demand add to deflationary pressure