CPI right now is 1.1 percent in Q1 and Producer Price Index is 8.7% recently. Price stability is our policy priority. Grain production and energy supply are crucial for price stability this year. Agricultural production, and the production and import of key energies, such as coal, oil and gas are the focus of financial services.
As long as grain production and energy supply remain stable, inflation will be kept within a reasonable range. To sum up, China's monetary policy is accommodative and is in a comfortable range. We also stand ready to support small and medium enterprises with more instruments if needed. So with that outlook, certainly we have accommodative monetary policy supporting our real economy throughout this year.