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China's economic rebound gained momentum last month as official purchasing managers indexes for the manufacturing and nonmanufacturing sectors both reached their highest level so far this year, the National Bureau of Statistics said on Monday.
China's fiscal framework has made significant strides over the last decade, through more comprehensive budget reporting and the development of more transparent municipal financing channels. Fiscal reforms are nevertheless far from complete, said Fennell.
China's fast-developing services sector will continually support the job market and minimize the negative impact of US tariffs on China, he said.
China's consumer price index (CPI), a main gauge of inflation, rose 3.8 percent year-on-year in October, up from 3 percent in September, the National Bureau of Statistics said last Saturday.
China's manufacturing PMI, which indicates vitality of manufacturing activities, was 51.6 in March, 0.2 higher than in February and above the contraction-expansion demarcation of 50.
来源：资阳报