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China's consumer price index rose 1.8 percent year-on-year in May. Food prices increased by 0.1 percent, resulting in a growth of 0.01 percent in the price index.
China's deficit-to-GDP ratio this year is projected at more than 3.6 percent. The ratio was 0.8 percentage points higher than that of last year. The deficit increase is projected at 1 trillion yuan (0.6 billion) over last year, according to the 2020 Government Work Report.
China's economic growth is expected to stabilize in the second half of the year, given domestic growth resilience and ample room for policy reaction, Cheng said.
China's mobile phone shipments started to fall last March, with the biggest monthly year-on-year drop of 32.5 percent in December.
China's growth target, expected to be released in the government work report during the two sessions, will continue to attract worldwide attention this year. The closely-watched figure had remained stable during the past five years as policy makers put stronger emphasis on quality and became more tolerable to GDP slowdown.
来源：资阳报