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China's central bank has skipped open market operations for the past week, citing sufficient liquidity in the banking system as rising fiscal spending near year-end is sufficient to offset impacts of maturing reverse repos.
China's CPI, a main gauge of inflation, rose 5.4 percent year on year in January, according to the National Bureau of Statistics (NBS). The increase was up from 4.5 percent for December.
China will further encourage cross-border e-commerce transactions by easing the annual cap on transborder online purchases and adding categories of imports to the duty-free list, the Ministry of Finance announced on Friday.
China's around 500 steel companies produced 808 million tons of crude steel last year, but the output of the 10 largest steel groups accounted for only 35.9 percent of the total, showing a low industrial concentration.
China's .2 billion deficit in cross-border goods and services trading during the first quarter has also pressured the authorities, to some extent, to explore more ways to maintain balanced international payments, said experts. It was the first quarterly deficit in 17 years.
来源：资阳报