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China's consumer and producer price indexes rose less than forecast in January, official data showed on Friday.
China's economy is showing signs of resilience and recovery while the global economy is seriously hit by the COVID-19 pandemic, a senior official from the United Nations said. Liu Zhenmin, UN undersecretary-general for economic and social affairs, also called for synchronous economic recovery among countries supported by international coordination.
China's imported goods market saw rapid development after COVID-19 subsided mid-year, opening up new opportunities for retail digitization, according to a report released by consultancy Deloitte China, and Tmall Global, Alibaba's cross-border e-commerce arm.
China's electric vehicle battery market is expected to embrace better-quality products with lower prices as the nation opens the industry to both domestic and international players, leading to fierce market competition and helping bring better batteries to the market, industry experts said.
China's economy, the world's second largest, grew 6.6 percent year-on-year to reach 90.0309 trillion yuan (.28 trillion U.S. dollars) in 2018, above the official target of around 6.5 percent, according to data issued by the National Bureau of Statistics (NBS) on Monday.