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China's demand for gold bars and coins soared 30 percent year-on-year to 105.9 metric tons in the first quarter of this year, the fourth strongest quarter on record, according to a report released by the World Gold Council on Thursday.

China's consumer price index (CPI), a main gauge of inflation, rose 4.5 percent year on year in November, mainly driven by surging pork prices, which rose 101.3 percent year on year last month, contributing nearly two-thirds of the CPI growth.

China's goods trade rose 8.8 percent year-on-year to 11.63 trillion yuan in the first five months, with exports rising 5.5 percent year-on-year to 6.14 trillion yuan and imports growing 12.6 percent to 5.49 trillion yuan, GAC data showed.

China's economic recovery picked up steam in the third quarter as activities normalized amid effective control of the COVID-19 pandemic and the Chinese government's sweeping efforts to stimulate demand and consumption, according to official data.

China's entertainment and media industry revenue will grow at a compound annual rate of 5.6 percent and reach 4.7 billion by 2023, remaining the world's second-largest market. Digital revenue accounted for more than 70 percent of the industry's revenue in 2018, and the rate could reach 75.4 percent by 2023, the report estimated.