China's producer prices jumped 3.9% year-on-year in May while consumer inflation stayed soft at 1.2%, setting up a four-day stretch of trade, inflation, and credit data starting July 7 that will decide whether Beijing's reflation is real or borrowed from an energy shock.
S&P Global's Hong Kong Manufacturing PMI rose to 52.0 in June, pointing to faster expansion in factory activity as the mainland data calendar stays light. Source
