• China Securities Journal front page editorial says that economic growth to inevitably slow further this year, and that the risk of deflation is accumulating
• Said January CPI growth (due today, here) is seen coming in lower than market expectations
• Cites weak demand
• Adds that PPI has been in the negative for more than 20 months, adding to deflation risks
• The report urges speeding up of government reform efforts in order to boost growth