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Data: Investing.com; Chart: Axios Visuals

Prices for Chinese consumers in January declined by 0.3% from last year, while prices for producers, or businesses, rose by 0.3%, data showed.

Why it matters: Rising prices for producers in China, the world's No. 1 trading nation, are often the result of increasing commodity costs and typically mean prices will rise for the rest of the world.

  • A decline in prices for consumers suggests the country's economic rebound from the coronavirus pandemic isn't materializing as strongly as hoped.

Details: PPI rose to its highest level since May 2019, while CPI fell to its lowest since November (however, November was the lowest reading since 2009).

In short: China's recovery has been uneven with its industrial and manufacturing sector outpacing consumer spending.

What they're saying: "PPI inflation continues the upward trend, suggesting that the manufacturing sector still outperforms," Hao Zhou, senior emerging markets economist at Commerzbank, told Bloomberg.

  • Consumer inflation momentum hasn’t been as strong as expected, and "this split between consumption and manufacturing is likely to persist in the foreseeable future."

Go deeper

Mike Allen, author of AM
3 hours ago - Politics & Policy

Biden adviser Cedric Richmond sees first-term progress on reparations

Illustration: "Axios on HBO"

White House senior adviser Cedric Richmond told "Axios on HBO" that it's "doable" for President Biden to make first-term progress on breaking down barriers for people of color, while Congress studies reparations for slavery.

Why it matters: Biden said on the campaign trail that he supports creation of a commission to study and develop proposals for reparations — direct payments for African-Americans.

Cyber CEO: Next war will hit regular Americans online

Any future real-world conflict between the United States and an adversary like China or Russia will have direct impacts on regular Americans because of the risk of cyber attack, Kevin Mandia, CEO of cybersecurity company FireEye, tells "Axios on HBO."

What they're saying: "The next conflict where the gloves come off in cyber, the American citizen will be dragged into it, whether they want to be or not. Period."

Cedric Richmond: We won't wait on GOP for "insufficient" stimulus

Top Biden adviser Cedric Richmond told "Axios on HBO" the White House believes it has bipartisan support for a stimulus bill outside the Beltway.

  • "If our choice is to wait and go bipartisan with an insufficient package, we are not going to do that."

The big picture: The bill will likely undergo an overhaul in the Senate after House Democrats narrowly passed a stimulus bill this weekend, reports Axios' Kadia Goba.

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