China Economic Daily Brief Newsletter

CNBF Daily Brief 10.2.2023

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China's producer price index (PPI), which measures the cost of goods at the factory gate, decreased by 0.8% year on year in January 2023. The decrease expanded by 0.1% from that registered in December. On a monthly basis, China's PPI edged down 0.4% in January.

China's automobile exports saw a steady increase last month. A total of 301,000 vehicles were exported in January, up 30.1% from a year ago. In breakdown, passenger car exports rose 35.6% year on year to 250,000 units, while exports of commercial vehicles climbed 8.1% from a year ago to 50,000 units. Exports of new-energy vehicles jumped 48.2% year on year to 83,000 units.

China's outbound direct investment (ODI) grew steadily last year, rising by 5.2% year on year to 985.37 billion yuan. In U.S. dollar terms, the period's ODI rose 0.9 percent from a year ago to 146.5 billion dollars.


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