China Consumer Price Index was up 4.2% in November, vs. 4.5% consensus and 5.5% October reading. Food inflation eased from 11.9% to 8.8%..

China Producer Price Index fell to 2.7% from 5.0% in October. Consensus was at 3.4%.

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Massive oversupply.

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Gavyn Davies: Eurozone crisis might move from acute to chronic phase

The Big Picture: Kumbaya yes but horse already out of the barn

The Big Picture: ECRI’s Achuthan: U.S. Economic Outlook, Labor Market

Calculated Risk: Trade Deficit declines in October

FT BeyondBRICs: China: inflation tamed

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