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China's consumer inflation increased by 1.6 percent last year, lower than the yearly control target of 3 percent. Analysts said it will moderately rise by over 2 percent this year, but will not trigger any major monetary policy adjustment.
China's interest rate reform started in the 1990s, targeting a regime where interest rates are decided by market demand and supply. Now, only the hardest, but the most crucial part, is left to be finished, PBOC adviser Sheng said.
China's new foreigner visa is set to be launched June 1. [Photo/National Immigration Administration]
China's home appliances market reached approximately 1 billion in terms of retail sales in 2017, and is estimated to reach 6.5 billion by 2022 at a compound annual growth rate of 7.8 percent from 2017 to 2022, according to iResearch Report.
China's insurance sector ran smoothly with dropping leverage rates and risks generally under control in Q2. [Photo/VCG]
