BEIJING, April 10 (Xinhua) -- The following are the highlights of China's business news from the past week:
CPI, PPI
China's consumer inflation bounced back to positive territory in March, while factory-gate prices grew further on the back of a rise in commodity prices and the country's economic recovery, official data showed Friday.
The consumer price index, a main gauge of inflation, rose 0.4 percent year on year in March, reversing from the 0.2-percent drop in February, according to data from the National Bureau of Statistics.
Friday's data also showed China's producer prices rose at a faster pace in March to the highest level since July 2018 amid a steady recovery in domestic demand.
The producer price index, which measures costs for goods at the factory gate, went up 4.4 percent year on year last month, quickening from the 1.7-percent rise in February.
FOREX RESERVES
China's foreign exchange reserves shrank to 3.17 trillion U.S. dollars at the end of March from 3.205 trillion dollars at the end of February, official data showed Wednesday.
The amount fell 1.09 percent from the end of February, according to the State Administration of Foreign Exchange.
AUTO SALES
China's auto sales rose 74.9 percent year on year to 2.53 million units in March, data from the China Association of Automobile Manufacturers showed Friday.
In the January-March period, the country's auto sales rose 75.6 percent year on year to 6.48 million units.
Sales of new energy vehicles (NEV) in China increased by 2.8 times year on year in the first quarter to 515,000 units. In March alone, NEV sales surged 2.4 times year on year to reach 226,000 units, according to the association. Enditem
