Due on the 14th February from China, CPI and PPI for January

  • CPI y/y expected 2.4%, prior 2.1%
  • PPI expected 6.6% y/y, prior 5.5%
  • Those higher expectations are, errrr, expected, to not continue so rapidly in coming months
  • Higher food prices in January to be reflected in that higher CPI

And, from China sometime this week (listed as any time between now and the 15th, on past experience this usually means the last of the dates, but no always .... so make like a boy scout and be prepared... ):

January new yuan loans,

  • expected is 2440bn, prior was 1040bn

Aggregate financing RMB for January,

  • expected is 3000bn, prior was 1626bn
  • Aggregate financing is the broadest measure of new credit. January is often a huge number, Chinese lenders can tend to 'front load' credit in the first months of the year. Still, that 3tln expected does seem high to me, I've seen other surveys showing the 'expected' around 2.48tln

Also, January Money supply

  • M0 y/y: expected is 8.9%, prior was 8.1%
  • M1 y/y: expected is 20.2%, prior was 21.4%
  • M2 y/y: expected is 11.3%, prior was 11.3%