Amid the high inflation in the West, China is expected to enhance communication and coordination with other countries while safeguarding supply chains.
The third-quarter monetary policy report, released by the People's Bank of China on Wednesday, cautioned against any potential rise in inflationary pressure going forward, although there has been a recent deceleration in price growth.
China's inflation eased to a seven-month low in October, signaling subdued price pressure in the fourth quarter and providing room for macroeconomic policies to beef up support for domestic demand, experts said on Wednesday.
China's producer price index (PPI), which measures costs for goods at the factory gate, went down 1.3 percent year on year in October, the National Bureau of Statistics (NBS) said Wednesday.
On a monthly basis, August's CPI remained stable, reversing the 0.5-percent rise in July to edge down 0.1 percent, thanks to efforts to contain COVID-19 and extreme weather impacts, as well as efforts to ensure sufficient supply and stable prices.