Biz China Weekly: CPI, PPI, FDI, loans, forex reserves

0 Comment(s)Print E-mail Xinhua, February 12, 2021
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BEIJING, Feb. 12 (Xinhua) -- The following are the highlights of China's business news from the past week:

CPI

China's consumer price index (CPI), a main gauge of inflation, declined 0.3 percent year on year in January, compared with a 0.2-percent increase in December last year, data from the National Bureau of Statistics (NBS) showed.

The CPI edged up 1 percent on a monthly basis, expanding 0.3 percentage points from a month earlier.

PPI

The country's producer prices went up in January amid a steady recovery in domestic demand.

The producer price index (PPI), which measures costs for goods at the factory gate, rose 0.3 percent year on year in January, compared with a 0.4-percent drop in December 2020, the NBS said.

FDI

China's January foreign direct investment (FDI) data has shown that the country remained an attractive destination for foreign investors following a record-breaking inflow in 2020.

FDI into the Chinese mainland expanded 4.6 percent year on year in actual use to 91.61 billion yuan (about 14.23 billion U.S. dollars) last month, the Ministry of Commerce said.

In U.S. dollar terms, the inflow rose 6.2 percent year on year to 13.47 billion dollars.

LOANS

China's new yuan-denominated loans totaled 3.58 trillion yuan (about 555.98 billion U.S. dollars) in January, up 225.2 billion yuan year on year, the central bank data showed.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 9.4 percent year on year to 221.3 trillion yuan at the end of January, according to the People's Bank of China.

FOREX RESERVES

China's foreign exchange reserves shrank to 3.2107 trillion U.S. dollars at the end of January, official data showed.

The amount fell by 5.9 billion dollars, or 0.2 percent, from the end of last year, according to the State Administration of Foreign Exchange. Enditem

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