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China's e-commerce growth rate has been in double digits for years. E-commerce transactions totalled 22.69 trillion yuan (.3 trillion) in the first three quarters of 2018, up 11.2 percent year-on-year.
China's domestic-made 'sea airship' Xiangzhou 1 takes off from Sanya Yazhou Bay Resort in Sanya, South China's Hainan province, Dec 11, 2017. [Photo/IC]
China's consumer inflation grew mildly in the first quarter on the back of a firming economy, fresh NBS data showed. But the producer price index (PPI), measuring cost of goods at the factory gate, jumped 7.4 percent year-on-year.
China's economy expanded faster than expected from January to June, with GDP surging 6.9 percent year-on-year to about 38.2 trillion yuan, data from National Bureau of Statistics showed.
China's fast-growing digital economy has sharpened the country's competitive edge in industry and created favorable conditions for foreign companies to invest in more areas.
