This inflation data is the closest we've seen to good news from China for a while

Chinese consumer price inflation (CPI) accelerated sharply in January, providing tentative evidence that disinflationary forces may be ebbing for the moment. According to China’s National Bureau of Statistics, CPI rose by 1.8% in the 12 months to January, marking the fastest annual acceleration seen since August 2015. Although above the recent trough of 1.3% seen in October 2015, and the third month in a row that the annual pace had quickened, the figure missed expectations for an increase to ...