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China's economy has hit the bottom of the so-called L-shape growth trend, according to Fan, although an immediate rebound is less likely. "We are in a process of bumping at the bottom, a normal process of the economic cycle, which can be seen as an opportunity to fix China's own problems, such as overcapacity and financial risks, then we can have a better growth in the next stage", he said.
China's futures market has marched toward internationalization in the first half of this year with crude oil futures and iron ore futures embarking on the overseas market.
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 to the CPI growth.
China's first 'land, sea and air' test zone planning industrial chain for connected and smart vehicles
China's fuel retail sector is currently dominated by State-owned companies. According to Li Li, energy research director at ICIS China, a consulting company that provides analysis of China's energy market, most gas stations owned by non-SOEs see a much lower profit compared with the State-owned ones, due to poor brand visibility as well as ordinary location of their fuel stations.