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January 16th Macro Economic News: CPI and PPI Decline, Global Shipping Costs Surge

May 29, 2024, 11:58 AM
TDD-global
6128
On January 12th, China's CPI fell 0.3% YoY and PPI fell 2.7% YoY. Expectations for interest rate cuts in January are growing, and the RRR may be lowered post-Spring Festival. The NDRC launched the seventh batch of major foreign-funded projects. Internationally, the Baltic Dry Bulk Freight Index saw its largest weekly decline since 2008, and tensions in the Red Sea are pushing up global shipping prices.