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China’s consumer inflation rose by 2.3 percent in August, compared with 2.1 percent in July, triggering concerns that it may further strengthen in the coming months. Mao of the NBS said such concerns are unnecessary, because the surge in prices in August was mainly caused by seasonal factors, and nonfood prices remained stable.
China's renminbi hit its highest level in nearly three weeks against the US dollar on Wednesday, mainly driven by market forces, according to analysts. They said they expected no change in its flexible floating.
China, the world's second-largest economy, attracted a large number of technology talents and employed 19 percent of the world's high-growth technology workers. The US employs 35 percent and Britain employs 5 percent. Japan, France and Indonesia followed.
China's securities regulator has approved new IPO applications from two companies, which will raise about 2.7 billion yuan (9 million) in the A-share market. [Photo/VCG]
China's rapidly aging population is a factor that is driving automation in manufacturing. People aged 60 or older exceeded 240 million in 2017, accounting for 17.3 percent of China's population. Their figure is estimated to hit 400 million (25 percent) in 2033, official data show.
来源：资阳报