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China's foreign trade of goods inched down 0.7 percent year-on-year in April to 2.5 trillion yuan (about 2.6 billion), narrowing from a drop of 6.4 percent in the first quarter, with exports rising 8.2 percent from the same period last year, according to customs data that came out Thursday.
China's current account has been influenced by the coronavirus pandemic, weakened external demand and declining trade surplus of goods. "But in the first quarter, the current account is likely to maintain stable within a reasonable range, and the COVID-19 pandemic may not change the basic trend in a medium to long term," Wang said.
China's oil refining sector, especially independent domestic refiners, are expected to benefit from the continued decline in global crude prices, industry experts said.
China's efforts to improve the quality of listed firms will gather pace with more support for cross-border acquisitions and strategic investments, sharpening global competitiveness of its equity assets, officials and experts said on Monday.
China's consumer price index, a major barometer of inflation, rose 2.1 percent year-on-year in July, exceeding expectations of 1.9 percent but staying well within the government's preset annual target of "around 3 percent", according to data from the National Bureau of Statistics released on Thursday.
来源：资阳报