China's PPI came in at +6.6% y/y (see chart). This is down materially from the +9.1% reported in September, and what now looks like it was a 12 year peak in August at +10.1% year over year.
If you are going to invest in equities, we suggest you do so globally. Combined with the $586B stimulus plan that the Chinese instituted this morning, decelerating inflation is a positive macro factor. This puts owning the Chinese etf (FXI) at the top of our global macro country investment list.