1. China's PPI and CPI "scissors gap" narrowed in November. According to the data of the National Bureau of statistics, in November, China's CPI increased by 2.3% year-on-year, an increase of 0.8 percentage points over the previous month, a 15 month high, and a month on month increase of 0.4%; PPI rose 12.9% year-on-year, down 0.6 percentage points from the previous month, flat month on month. The Bureau of Statistics said that in November, with the increasing implementation of the policy of ensuring supply and stabilizing prices, the rapid rise in the prices of energy and raw materials such as coal and metals was initially curbed, and the increase of PPI fell somewhat.
2. According to the data of the central bank, China's M2 balance in November increased by 8.5% year-on-year, which is expected to be 8.7%, compared with the previous value of 8.7%; RMB loans increased by 1.27 trillion yuan, expected to be 1.53 trillion yuan, compared with the previous value of 826.2 billion yuan; The increment of social financing scale was 2.61 trillion yuan, an increase of 478.6 billion yuan over the same period last year. It is expected to be 2.8 trillion yuan, up from 1.59 trillion yuan.
3. The central bank announced that in order to strengthen the management of foreign exchange liquidity of financial institutions, it decided to increase the foreign exchange deposit reserve ratio of financial institutions by 2 percentage points from the current 7% to 9% from December 15. This is the second time that the central bank raised the foreign exchange deposit reserve ratio during the year.
4. Ministry of housing and urban rural development: vigorously promote the construction of livable environment for the elderly and promote the balanced allocation and systematic layout of pension, medical and health, culture, sports and other facilities in combination with urban renewal and the transformation of old urban communities; Promote the transformation and utilization of existing old houses, old buildings and old factories, and promote the installation of elevators and the construction of barrier free environment.
