The head of China’s National Bureau of Statistics (NBS) on Monday said that it is inappropriate to say that the world’s second-largest economy is in deflation, as the decline in the producer price index (PPI) or factory-gate prices was mainly due to the drop in global commodity prices.
The Producer Price Index rose 0.9 percent in December from a year ago, lower than the 1.6 percent economists were expecting in a Reuters poll.
key quote
Will cut more taxes and fees, and increase special bond quotas.
Share
