1. China's consumer price index (CPI), a main gauge of inflation, increased 1.4 percent year on year in the last year, down from a 2 percent increase in 2014 and 2.6 percent in 2013, the National Bureau of Statistics (NBS) said in a statement on Saturday. The reading hit a six-year low and was far below the government's 3-percent target set for the year due to lackluster domestic demand, said the NBS.
2. China's producer price index (PPI), a measure of cost for goods at the factory gate, dropped 5.2 percent year on year in 2015, widening from a 1.9-percent slip registered in 2014. In December, the PPI fell 5.9 percent from a year ago, unchanged from November, marking the 46th straight month of decline. The decline was due to price drops in oil and natural gas exploitation, ferrous metal smelting, coal mining and fuel gas supply.
3. China's central bank has said it will continue to maintain a prudent monetary policy this year to create a sound financial environment and keep liquidity at a reasonable level. A combination of flexible tools will be used to ensure the banking sector's liquidity stays at a reasonably abundant level, the People's Bank of China (PBOC) said in a statement released on last Friday after a work conference.
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