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For China, the currency yuan has been heading south since the government revamped the foreign exchange mechanism last year, and concerns about capital outflows have been on the rise.
INCREASED DEFICIT "PRUDENT, WISE"
China is propelling the reform by allowing in private investment and encouraging M&A in a bid to revive its hundreds of thousands of SOEs, many of which have become ossified with declining profitability due to a lack of competition.
While prices in upstream industries, such as oil, continued to go down, some products in the downstream, such as ferrous metals, saw slight recovery of prices in January, which might have been a result of China's latest efforts to pursue supply-side reform, which includes cutting overcapacity in specific industries, CICC said.
Two SPC circuit courts, which opened last year, concluded the trial of 1,653 cases in 2015. They have been dubbed "the SPC on the frontline."
来源：资阳报