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As the government plan to channel more funds into infrastructure construction and cut taxes and fees for the corporate sector gradually takes effect, the PPI may continue to rise in the first half of this year, said Guotai Junan Securities in a note.

As schools for retirees are run as charitable institutions and are mostly government-funded, the average tuition fee costs only about 200 yuan () per semester. It would cost an elderly about 5,000 yuan to complete a course and graduate. But for many of the students, graduating is hardly on their minds.

As the first offering of 5 billion yuan is a relatively small batch, the ministry feels no pressure on the market demand at the moment, and the influences from a weaker yuan could be limited, according to an official close to the matter.

As the first company that has been granted approval by the CFDA for a TAVR product, Venus Medtech has a critical first-mover advantage in China that has proven to be extremely durable in other markets.

As the sector becomes established, authorities are cutting subsidies and shifting the money to areas such as research and development and building charging facilities, said Song Qiuling, a senior official at the Ministry of Finance.