China's Statistic Bureau released the lower-than-expected price level in January, the CPI slumped to 0.8% and reaches the five-year low; while PPI has continuously declined for 35 months to -4.3%. ANBOUND think tank scholars view that in the period when the fast urbanization is shifting the engine, low deflation level is likely to be the new normal of global economy. China will join the fighting deflation force and further ease its monetary policy.