China: Nov inflation data encouraging, adds to positive trade balance

China's Consumer Price Index (MoM) (Nov) came at 0.1% vs 0.1% exp and -0.1% last, while the yearly reading stood at 2.3% vs 2.2% exp and 1.1% last. Meanwhile, the Producer Price Index (YoY) (Dec) came at 3.3% vs 2.2% exp and 1.2% last.

Official inflation figures should help ease any concerns about the state of affairs in the world's second-largest economy. As a reminder, the data follows encouraging trade numbers on Thursday, which saw both exports and imports surge.

While deflationary pressures in China were a major concern for financial markets and the PBOC during 2015 and early 2016, the trend has been improving amid a recovery in oil prices and expansionary policies by the country's central bank.