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BEIJING - China will unwaveringly advance reform and opening up and ease market access, a spokesperson for the third session of the 13th National Committee of the Chinese People's Political Consultative Conference said Wednesday.

BEIJING - China's central bank on Thursday issued a 2020 edition of the five yuan banknote, marking the completion of the update to the fifth series of the renminbi, China's currency.

BEIJING - China's consumer price index (CPI), a main gauge of inflation, rose 1.5 percent year on year in May, the National Bureau of Statistics (NBS) said Friday. The CPI expansion in May is in line with estimates. It quickened from April's 1.2 percent, March's 0.9 percent and February's 0.8 percent. On a monthly basis, however, the CPI declined 0.1 percent, according to the NBS. Of the 1.5-percent CPI growth in May, 1 percentage point was contributed by the carryover effect of price increases last year, NBS senior statistician Sheng Guoqing said. The NBS attributed the pick-up in CPI partly to higher non-food prices, which grew 2.3 percent year on year in May. However, food prices dropped 1.6 percent. Meat and vegetable prices fell 7.8 percent and 6.3 percent year on year respectively. Excluding volatile food and energy prices, the core CPI increased 2.1 percent year on year in May, which is the same as the previous month. CPI increased 1.4 percent on average in the first five months of the year. The figure is well below the official annual inflation control target of around 3 percent. Lian Ping, chief economist at the Bank of Communications, said the CPI may continue to increase next month, as the carryover effect will reach the highest point in June. In the second half of 2017, the CPI may go down, according to Lian, forecasting that there will not be obvious inflation pressure throughout the year.

BEIJING - China's central bank injected a net 20 billion yuan (.03 billion) into the market via open market operations on Friday to ease the liquidity strain.

BEIJING - China's central bank pumped 40 billion yuan (.6 billion) into the financial system Friday.