BEIJING, May 16 (Xinhua) -- Here 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 3.3 percent year on year in April, the National Bureau of Statistics (NBS) said. The rate eased from the 4.3-percent growth for March.
-- PPI
China's producer price index (PPI), which measures costs for goods at the factory gate, fell 3.1 percent year on year in April, data from the NBS showed. The reading widened from the 1.5-percent drop in March.
-- NEW YUAN LOANS
China's new yuan-denominated loans continued to climb in April as the country stepped up credit support to inject liquidity into the real economy, official data showed.
New yuan loans hit 1.7 trillion yuan (about 240 billion U.S. dollars) in April, a year-on-year rise of 681.8 billion yuan, the People's Bank of China (PBOC) said.
The M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 11.1 percent year on year to 209.35 trillion yuan at the end of April, PBOC data showed.
-- FDI
Foreign direct investment (FDI) into the Chinese mainland rebounded in April as policy makers have ramped up efforts to bolster the stability of foreign investment, official data showed.
The FDI expanded 11.8 percent year on year to 70.36 billion yuan in April, according to the Ministry of Commerce.
In U.S. dollar terms, the FDI inflow stood at 10.14 billion dollars, up 8.6 percent year on year.
-- AUTO SALES
China's auto production and sales rebounded in April thanks to a slew of government stimulus measures and the accelerating restoration of business activities, the China Association of Automobile Manufacturers said.
Automobile sales increased by 4.4 percent year on year to 2.07 million units last month, ending a contraction streak over the past 21 months. Enditem
