The PPI, which measures costs for goods at the factory gate, fell 1.5 percent year-on-year in November, narrowed from the 2.1-percent drop in October, said the National Bureau of Statistics.
The PBOC data showed that the country's gold reserves remained unchanged at 59.24 million ounces, and valued at .1 billion.
The Oversea-Chinese Banking Corporation Ltd, or OCBC, in Singapore was just as bullish about the decision.
The NMC renewed an orange alert on Friday for high temperatures in South China and predicted temperatures to decline starting Sunday
The NDRC spokesman said he expected a further rise in clean power output in the coming months, with the country's braced for its seasonal peak electricity consumption period.
The Ministry of Public Security is soliciting public feedback about the idea until Jan 20, when the proposals will be submitted to the ministry's Party committee.
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The Ministry of Industry and Information Technology has granted licenses to China Telecom, China Unicom and China Broadcasting Network Corp to share a spectrum for 5G indoor coverage.
The PBOC switched to the one-year LPR as the benchmark lending rate on Aug 17, 2019. It is formed based on 18 qualified commercial banks' lending rates for their best clients and equals the medium-term lending facility rate, or the MLF, plus a risk premium. The one-year and five-year LPR are updated on the 20th of every month.
The Ministry of Industry and Information Technology expressed its approval of the business even earlier.
The National Science and Technology Leading Group will be headed by Premier Li Keqiang, who has been chairing the previous National Science, Technology and Education Leading Group since 2013. Vice-Premier Liu He will be the organ's deputy head.