China's consumer price index (CPI) rose by 0.9% for the full year of 2021, while producer price index (PPI) grew by 8.1%, the National Bureau of Statistics showed Wednesday. As a result of global supply chain disruptions and energy shortages, the gap between China's PPI and CPI hit a record high last year. However, policymakers formulated a quick and well-orchestrated response, ensuring energy supplies and reining in price increases. In this episode of BizBeat, CGTN's Michael Wang explains how China's PPI and CPI gap will narrow in 2022, leading to stable economic recovery.