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China's oil majors are preparing for the day when gasoline demand dwindles and electric-powered cars rule the roads.

China's exports to the US, such as iPhones, contain a large percentage of components made by other countries, from the US to Japan to Europe, as China has become the final assembly line of global manufacturing supply chain.

China's consumer price index (CPI), the main gauge of inflation, rose 1.8 percent in April year-on-year, data from the National Bureau of Statistics showed on Thursday.

China's envoy to the United Nations stressed that eradicating poverty among persons with disabilities is essential to achieving the UN's sustainable development goals.

China's forex reserves climbed to .009 trillion by the end of March from 3.005 trillion dollars a month earlier, still the largest foreign exchange reserve stockpile in the world.