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China's consumer price index, a main gauge of inflation, grew 2.7 percent year-on-year in July, up from 2.5 percent from the previous month, the National Bureau of Statistics said on Monday. 

China's economy got off to a strong start in the first quarter, with GDP growing at 6.9 percent year-on-year, according to data released by the National Bureau of Statistics on Monday. Improvements in industrial production, investment and exports have combined to bolster the economy in that period, the bureau said.

China's current account surplus is less than 1.5 percent of the GDP, and the trade surplus of goods accounts for only about 3 percent of the GDP. The contribution of consumption has risen to 58.8 percent, and the proportion of added value of the service industry has risen to 51.6 percent, indicating that the Chinese economy has relied more on domestic demand, according to Lou.

China's largest electric car maker BJEV is championing the battery swap service as reduced government subsidies, long charging times and battery-induced fire accidents are discouraging potential buyers in the world's biggest new energy vehicle market.

China's joint efforts with Latin America region have room to grow, forum told