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China's consumption has started to recover as its total volume of retail sales re-achieved positive growth this August, said Nicholas Lardy, a senior fellow at the Peterson Institute for International Economics, a Washington DC-based think tank, adding that retail sales are expected to speed up recovery due to stimulus by "revenge spending" in the Golden Week.
China's deleveraging campaign has yielded some tentative progress, but will meet more testing times ahead as risks may accumulate at local levels, according to Moody's Investors Service.
China's consumer price index (CPI), a main gauge of inflation, rose 3.8 percent year-on-year last month, mainly driven by soaring pork prices, which rose 101.3 percent year on year in October, contributing nearly two-thirds of the CPI growth.
China's digital economy is expected to become the world's largest amid rapid development, said Hong Kong E-Commerce Association Chairman Joseph Yuen at the second Beijing CED Internet Summit on Tuesday.
China's economy has staged a fast recovery from the COVID-19 impact, with the year-on-year GDP growth likely to turn positive at above 2 percent in the second quarter of the year, economists said on Monday.
来源：资阳报