【宏观经济】一周要闻回顾(2026年1月7日-1月13日)

Core Viewpoint - As of December 2025, China's foreign exchange reserves reached $33,579 billion, an increase of $115 billion from November, reflecting a growth rate of 0.34% [4]. Group 1: Foreign Exchange Reserves - China's foreign exchange reserves increased due to the depreciation of the US dollar index and fluctuations in global financial asset prices [4]. - The stable economic conditions in China support the maintenance of foreign exchange reserves [4]. Group 2: Industrial Producer Prices - In December 2025, the industrial producer price index (PPI) decreased by 1.9% year-on-year, with a month-on-month increase of 0.2% [6][8]. - The decline in PPI was influenced by a 2.1% drop in production material prices, with specific sectors like mining and raw materials seeing significant decreases [7]. - For the entire year of 2025, the PPI fell by 2.6%, while the purchase price index decreased by 3.0% [6]. Group 3: Consumer Prices - The consumer price index (CPI) rose by 0.8% year-on-year in December 2025, with urban areas experiencing a 0.9% increase and rural areas a 0.6% increase [11]. - Food prices increased by 1.1%, contributing significantly to the CPI rise, while non-food prices rose by 0.8% [11]. - For the year 2025, the overall CPI remained stable compared to the previous year [12].