May CPI and PPI may double negative import and export bottom hovering

Economic observation Network reporter Zhing Jie Deng Meiling experts predicted that China's May consumer prices of the total level (CPI) and producer Price index (PPI) or will continue to double negative situation, as well as external demand has not improved significantly, May China's foreign trade import and export value will still linger at the bottom.　　China's May CPI could be 1.25%, according to median estimates from 7 research institutes surveyed by the economic Observation Network's monthly macro data forecast. Because of the seasonal decline in food prices, May (CPI) may continue to decline, but the decline narrowed, prices are expected to be a slow recovery trend.　　The CPI for April was 1.5%. Guotai macroeconomic analyst Wang said that May prices are still in negative phase, but slowly rebound, is expected to rise to more than 0 at the end of the year.　　7 analysts forecast CPI between 1.6% and 0.7%.　　With China's producer price index (PPI) continuing to rise sharply last year, the lagging effect of the high base is still continuing, with 7 analysts giving the May PPI forecast between 7.2% and 4%, and the median estimate of 6.5%.　　Macro-source securities macroeconomic researcher Chen Menggen that the decline in international commodity prices has led to a significant decline in PPI this year, with the expected year-on-year decline still to widen, slowing down.　　In addition, as external demand does not improve significantly, May China's foreign trade import and export values are expected to remain at the bottom of the hovering, still fall, the chain flat. According to the median estimate of 5 analysts, exports were either down 21% year-on-year or 20% per cent in May.　　5 analysts gave export growth between 24.8% and 18%, and imports grew between 25.3% and 14%.　　Guotai Securities macro analyst Wang predicted that, based on the central government will introduce policies to maintain export growth, including through the industrial revitalization of the export subsidy policy, some sectors of the export tax rebate policy, import and export will continue to slowly rebound. However, macro-source securities macro-analyst Chen Menggen also pointed out that the three major needs of the two strong one weak pattern, drag on the economic recovery, expanding domestic demand is urgent, but exports are equally important. He expects future imports and exports will continue to show a downward trend.