Chinese CPI drops more than expected.

China's inflation fell to 2.5% on year in December from 3% in November and came in below forecasts of 2.7%. PPI dropped for the 22nd month in a row - the longest streak since the 1990s - with a decline of 1.4%.As per economist "Inflation pressures remain modest, which will allow policy makers to continue focusing on policies to support growth while implementing structural reform measures in 2014."