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China imported 281.1 million metric tons of crude in the first eight months of this year, equivalent to 8.44 million barrels per day, according to Customs data, up 12.3 percent from the same period in 2016.
China is the world's largest semiconductor market. Its annual chip imports totaled more than 0 billion in recent years, more than it spends on crude oil imports.
China is ready to work with all parties, including the United States, to seek an amicable resolution, Geng said.
China is demonstrating its great resilience by switching gear from its old growth model to high-quality growth. It's not only about removal of overbuilt capacities, but also investing in advanced technologies and innovation, as well as expanding in emerging industries.
China has set a target of keeping consumer inflation under 3 percent for this year. "Despite the mild growth in CPI in April, we should not worry about the challenge of high inflation," Zhou said.
来源：资阳报