In January of this year, the producer price index (PPI) in the ferrous metals smelting and rolling sector in China decreased by 3.7 percent year-on-year, which is 1.0 percentage points slower than the rate of decline recorded in December, while increasing by 0.2 percent month-on-month, according to data released by the National Bureau of Statistics. Statistics of China (NBS).
China's overall producer price index decreased by 1.4 percent year-on-year. on an annualized basis in December, while on a monthly basis it grew by 0.4 percent. Also in January, the purchase prices of Chinese industrial producers decreased by 1.4 percent year-on-year and increased by 0.5 percent compared to December last year.
1 dollar = 6.9438 yuan
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