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In spite of rising labor costs, market competition and the lure of making fast money in the capital market, entrepreneurs in Jinjiang still focus on their traditional products: shoes, jackets, paper, sweets and umbrellas.

BEIJING, Aug. 17 (Xinhua) -- An intellectual property high-level conference for countries participating in the China-proposed Belt and Road Initiative will be held in Beijing from Aug. 28 to 29, to boost pragmatic cooperation.

The price monitoring center under the NDRC attributed the rising prices to fluctuations in global markets and a falling Chinese currency, the yuan, against the US dollar.

Upon arrival, Li noted that he and German Chancellor Angela Merkel, who visited China in May, has realized an exchange of visits less than half a year after the two countries' new cabinets took office in March.

The inspection targeted Party organizations in 14 provincial-level regions, eight central government agencies and eight centrally-administered state-owned enterprises (SOEs). Ten cities at the sub-provincial level were also included, according to the website of the CPC Central Commission for Discipline Inspection (CCDI).