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China's monetary authorities are planning a more significant role for the renminbi, encouraging the free cross-border flow of capital under the nation's financial opening plan, supported by favorable domestic monetary conditions, according to analysts.
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 consumer price index rose 1.8 percent year-on-year in May. Food prices edged up by 0.1 percent, resulting in a growth of 0.01 percentage points in the price index.
China's financial industry will become more competitive in the wake of the government's decision to further open up the sector to foreign competition.
China's e-commerce platforms registered record high sales during "618" online shopping festival from June 1 to June 18 this year.
来源：资阳报