According to the data released by China National Bureau of Statistics (NBS) on October 14, in September 2020, China's PPI dropped by 2.1% YOY and rose by 0.1% MOM, and its IPI dropped by 2.3% YOY and rose by 0.4% MOM. From January to September, China's PPI dropped by 2.0% YOY and its IPI dropped by 2.6% YOY on average.