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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 banking sector has maintained a relatively strong risk resistance capacity by increasing the appropriation of impairment losses on loans. Banks appropriated 1.4 trillion yuan of impairment losses on loans during the first eight months, up by 261.5 billion yuan year-on-year. The level of allowance for loan impairment losses to nonperforming loans of the banking sector stood at 176.5 percent, while its NPL ratio rose by 0.11 percentage point from the beginning of this year to 2.14 percent at the end of August, according to data from the CBIRC.
China will staunchly uphold multilateralism in implementing the Paris Agreement, said Zhao, making the remarks before the 25th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change.
China's 25,000 twenty-foot equivalent units or TEU of exported goods arrive in Hamburg, Germany. In 2016, around 30 percent of TEU to Hamburg were from China. [Photo/Xinhua]
China's CPI is likely to stay at around 2 percent in the second half, while the producer price index will fall due to a high base in the same period last year, a stable oil price and weakening demand, according to Nomura.
来源：资阳报