Price increases ease in China as govt policies bear fruit
CGTN, 12 Jan 2022
China's official producer price index (PPI), which reflects the cost of goods at the factory gate, rose by 10.3 percent year on year in December, easing from a 12.9-percent rise in November, data from the National Bureau of Statistics showed Wednesday. Why is inflation slowing? CGTN's Zhang Shixuan says it reflects the government's efforts to control surging commodity prices and stabilizing energy supply.
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