BEIJING, Jan. 11 (Xinhua) -- The following are the highlights of China's business news from the past week:
CPI
China's consumer price index (CPI), a main gauge of inflation, rose 2.9 percent year on year in 2019, within government target of 3 percent, official data showed.
The growth picked up from 2.8 percent in the first 11 months, and was above the 2.1-percent annual increase in 2018, according to the National Bureau of Statistics (NBS).
In December, the CPI climbed 4.5 percent year on year, unchanged from that in November.
PPI
China's producer price index (PPI), which measures costs for goods at the factory gate, dropped 0.3 percent year on year in 2019, official data showed.
It was down from a growth of 3.5 percent recorded in 2018, according to the NBS.
In December, the PPI dropped 0.5 percent year on year, shrinking from the 1.4-percent decline in November.
FOREX RESERVES
China's foreign exchange reserves came in at 3.1079 trillion U.S. dollars at the end of 2019, official data showed.
The amount increased by 12.3 billion dollars, or 0.4 percent from the end of November, according to the State Administration of Foreign Exchange.
CIVIL AVIATION
China's civil aviation industry posted steady growth in 2019, reporting expanded size and improved service quality, said the country's civil aviation regulator.
The industry operated 660 million passenger trips in 2019, up 7.9 percent year on year, while total transport turnover went up 7.1 percent, according to the Civil Aviation Administration of China.
The service quality of civil aviation also improved nationwide, reporting an 81.65 percent flight punctuality rate with the number of flights increasing by 5.57 percent year on year.
