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China's proposed tariffs on US soybean and pork will have limited impact on domestic consumer inflation measured by the consumer price index, he added. Estimates show that if domestic soybean prices rose by 25 percent, China's CPI will still be kept at an average of 2.4 percent, well below the control target of 3 percent, for this year. Considering the fact that China can import such products from other countries, the real effect will be even smaller, Wang said.

China's top diplomat Yang Jiechi called on parties involved in the Korean Peninsula issue during a Saturday phone conversation with US Secretary of State Mike Pompeo to maintain the positive momentum that could lead to a resolution.

China's pet insurance market has a bright future amid growing rates of pet ownership across the country.

China's urbanization is at a turning point from rapid expansion to city upgrade, and major city clusters like the Yangtze River Delta region, the Beijing-Tianjin-Hebei region and the Guangdong-Hong Kong-Macao Greater Bay Area will become the engines for future civil development, said a new report.

China-Europe freight rail services have expanded in the first quarter of the year, with the cargo trips hitting a record monthly high in March, according to the country's top railway operator.