News Snapshot:
China’s improving consumer and factory-gate inflation outlook will leave more room for easing monetary policy in the coming months, with next week’s headline growth rate figures set to confirm the anticipated slowdown. Data released on Wednesday showed China’s factory-gate prices rose more slowly than expected in December, helped by government efforts to cool raw material prices. China’s official producer price index (PPI), which reflects the prices factories charge wholesalers for products, rose by 10.3 per cent in December from a year earlier, down from a rise of 12.9 per cent growth in November, according to the National Bureau of Statistics...
