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China's consumer price index (CPI), a main gauge of inflation, rose 4.5 percent year on year in November, mainly driven by surging pork prices, which rose 101.3 percent year on year last month, contributing nearly two-thirds of the CPI growth.
China's economy will continue to grow steadily amid restructuring, with consumption making more contributions to GDP. As the central government is dedicated to further open up the markets, the impact of trade frictions on the larger economy will likely be subdued. So, the A-share market is likely to pick up, MSHF analysts argued in their note.
China's economy is expected to grow by 6.2 percent this year and by 6.1 percent next year, despite rising global uncertainties, the World Bank said on Friday.
China's launch of its crude oil futures in 2018 sought to increase influence over commodity pricing and promote the yuan, whose internationalization is a longstanding policy objective.
China's determination to climb the technological curve is shared by many business leaders. Oliver Steil, CEO of TeamViewer, a leading provider of remote connectivity solutions, said he is impressed by the speed of development in China, as well as the commitment and courage to invest in technology and bring it to scale.
