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China's consumption has started to recover as its total volume of retail sales re-achieved positive growth this August, said Nicholas Lardy, a senior fellow at the Peterson Institute for International Economics, a Washington DC-based think tank, adding that retail sales are expected to speed up recovery due to stimulus by "revenge spending" in the Golden Week.
China's economic growth will remain stable in the first quarter, and is expected to land at 6.3 percent or even higher year-on-year when it is released this week, economists said after some economic indicators for March surprised the market on the upside.
China's development road map and other outcomes of the 19th National Congress of the Communist Party of China, which ended last week, will have century-long global impacts as the country deepens engagement with the world, according to European politicians, scholars and lawyers.
China's gross domestic product (GDP) expanded 4.9 percent year-on-year in Q3, faster than the 3.2-percent growth seen in Q2, showed official data earlier this week.
China's foreign exchange reserves slipped to .125 trillion at the end of April, down by about billion or 0.57 percent from March, officials announced on Monday.