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Consumer price index, the main gauge of China's inflation, grew 4.3 percent year on year in March, moderating from 5.2 percent in February and 5.4 percent in January as economic activities including transport and logistics gradually recovered after the effective epidemic containment in the country.

A recent survey by AmCham Shanghai showed that in the short term, over 70 percent of respondents had no plans to relocate the production and supply chains from China due to COVID-19. In the long term, around 40 percent of respondents said they will keep their supply chains in China, while 52 percent said they had no plans to move out.

BEIJING, July 2 (Xinhua) -- U.S. Secretary of State Mike Pompeo's statements regarding China's national security legislation on Hong Kong demonstrate nothing but ignorance and prejudice, a Chinese foreign ministry spokesperson said Thursday.

The U.S. move once again highlights the necessity for the central authorities to make laws on safeguarding national security for Hong Kong, he said, adding that the laws are expected to help improve the work, investment and business environment in Hong Kong.

"We hereby warn the U.S. side that Xinjiang affairs are purely China's internal affairs that allow no foreign interference. The Chinese government and people are resolute in safeguarding China's sovereignty, security and development interests. Once again, we urge the U.S. side to immediately redress the mistake, and stop using this Xinjiang-related Act to harm China's interests and interfere in China's internal affairs. Otherwise, China will respond resolutely, and the United States must bear all the consequences arising therefrom," the statement said.