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The narrowing of PPI decline was mostly driven by lower comparison base last January, the NBS said.

BEIJING, March 8 (Xinhua) -- The frequency of terrorist incidents in Xinjiang has dropped significantly, the autonomous region's Party chief said Tuesday.

"Structural reforms are to focus on addressing overcapacity problems, improving productivity, lowering the tax burden on enterprises and facilitating access to credit, addressing imbalances in the property market and strengthening financial supervision," the IIF said.

2) Fiscal, tax, and financial reforms were steadily pushed forward. We made further improvements to the system of transfer payments to local governments, launched reform of the administration system for tax collection, extended the price-based resource tax to cover more types of resources, and registered steady progress in replacing business tax with VAT. Policies promoting the development of inclusive finance, Internet finance, and private banks were published and implemented, floating limits on interest rates on deposits were abolished, and most controls over interest rates were lifted. The deposit insurance system was officially implemented. The mechanism for determining the central parity of RMB exchange rate was improved, and the RMB was included in the International Monetary Fund' s special drawing rights (SDR) basket. Fresh progress was made in the reform of policy-backed financial institutions and developmental financial institutions. Effective measures were taken to prevent the occurrence of systemic financial risks.

"President Xi's visit to Egypt has enhanced the strategic partnership between Egypt and China and also boosted exchange and cooperation between the two countries in various fields," Sisi added.