Central bank stresses inflation management amid credit boom
China's central bank said on Wednesday that it will step up efforts to balance inflation and economic growth whilst continuing to implement relatively easy monetary policies. With the economy on the road to recovery thanks to easy credit, the central bank said it would closely watch over inflation and keep prices stable in the long run.

China's imports & exports drop 10.7% in Oct
China's imports and exports fell 10.7 percent year on year in October, but monthly exports exceeded 100 billion U.S. dollars for a fourth straight month this year. The General Administration of Customs announced this on Wednesday. They revealed that imports stood at 86.8 billion U.S. dollars for October, a decrease of 6.4 percent compared with the same month last year, while exports dropped 13.8 percent to 110.8 billion U.S. dollars.

Guangdong's CPI up 0.5% in October, PPI down 4.1% year on year
According to the provincial Bureau of Statistics yesterday (November 11), Guangdong's consumer price index (CPI), a main gauge of inflation, was up 0.4 percent compared to last month, the fifth increase since this June, but on a larger scale, since the beginning of the year, the CPI is still down 2.8%. The producer price index (PPI), a major measurement of inflation at the wholesale level, dropped 0.2 percent in October compared to last month, but still dropped 4.1% year on year.

Wall Street refreshes year highs on China economic data
Wall Street rose on Wednesday with all major indexes hitting annual records after China announced better-than-expected economic data. The Standard & Poor's 500 index rose 0.5 percent and topped 1,100 points for the first time since last year. China's industrial production rose in October and inflation remains under control.