As we discussed last week, the coronavirus helped to cause an increase in inflation to 5.4% vs 4.9% expected, as much of the inflation was due to higher food prices. Yesterday, China released data suggesting they have been flooding the market with liquidity, trying to keep the economy afloat while also trying to navigate through this natural disaster. New Yuan loans for January increased to CNY 3340B vs CNY 3000B expected and CNY 1140B last!! In addition, Total Social Financing for January increased to CNY 5070B vs CNY 4300B expected and CNY 2103B last! The amount of new funds provided in January was almost double ... (full story)