China Grapples With Deflation As Reopening Efforts Falter: El-Erian Says CPI Data 'Deepens Worries'
Portfolio Pulse from Shanthi Rexaline
China's annual consumer price inflation turned negative for the first time since February 2021, with a 0.3% year-over-year decline in July. The producer price index also showed a 4.4% year-over-year contraction in July. This data confirms economic deflation and complicates monetary policy. The iShares MSCI China ETF (NASDAQ:MCHI) ended Tuesday’s session at $46.73, down 1.60%.
August 09, 2023 | 7:49 am
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The iShares MSCI China ETF (NASDAQ:MCHI) ended Tuesday’s session at $46.73, down 1.60%. The ETF is likely to be impacted by the economic deflation in China.
The iShares MSCI China ETF (NASDAQ:MCHI) tracks the performance of China stocks. The economic deflation in China, as indicated by the negative consumer price inflation and contraction in the producer price index, is likely to negatively impact the performance of the ETF.
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