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China's consumer price index, a main gauge of inflation, rose 3.8 percent year-on-year last month, driven by soaring pork prices, which rose 101.3 percent year-on-year in October, contributing to nearly two-thirds of the CPI growth.
China's major state-run commercial banks are conducting large-scale internal testing of a digital wallet application. [Photo/Agencies]
China's industrial sector is seeing solid growth momentum, according to the bureau, citing recent data for industrial output.
China's economy grew by 4.9 percent year-on-year in the third quarter. The country has been projected by major international organizations to be the only major economy to record growth this year. The International Monetary Fund forecast in its latest economic outlook that China's GDP will expand by 1.9 percent this year.
China's largest telecom service provider China Mobile, United States chipmaker Qualcomm Asia Pacific Pte Ltd, Grantwell Fund LP, CICFH Entertainment, HNA Technology Co Ltd and CMC Concord subscribed for 46.16 million shares, 46.17 million shares, 14.54 million shares, 88.24 million shares, 13.85 million shares and 12.94 million shares respectively, the report said.