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China's CPI for 2018 rose 2.1 percent year-on-year, up from 1.6 percent for 2017. The growth exceeded 2 percent for the first time in the past four years but remained well below the government's target of around 3 percent in 2018.
China's GDP growth remained stable in the first quarter, up 6.8 percent year-on-year and 1.4 percent month-on-month, data from the National Bureau of Statistics showed.
China's auto sales will continue to show negative growth or remain flat in the next two years, but is expected to see growth from 2022 onwards and perhaps a 4 percent increase from 2023-25, Xu added.
China will resolutely push forward the opening-up of the country's financial industry regardless of how the international situation changes. [Photo/Sipa]
China will soon release a national regulation on improving the country's business climate by establishing a fundamental framework of rules to provide institutional safeguards for investment and business operations by all types of market players, domestic and foreign.
