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China's consumer price index, a main gauge of inflation, rose 3.8 percent year-on-year in October, while the producer price index, which measures costs for goods at the factory gate, dropped 1.6 percent year-on-year last month.
China's consumer and producer price indexes rose less than forecast in January, official data showed on Friday.
China's development experience over the past decades offers key lessons to Africa, according to UN Deputy Secretary-General Amina Mohammed, who said in February that "China's remarkable achievements in lifting its people out of poverty contributed to major advances under the Millennium Development Goals."
China's new yuan loans rose to more than 12 trillion yuan (.71 trillion) during the first six months of this year, as a result of the PBOC's monetary easing measures. The amount was also about 60 percent of the annual new yuan loan target of 20 trillion yuan announced by PBOC Governor Yi Gang in June.
China's economic growth is within a reasonable range, but faces downward pressure, Cheng said. Greater tax reduction measures and administrative streamlining have been introduced to boost market vitality.
