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Consumer price index, a main gauge of inflation, is predicted to rise 2.5 percent year-on-year in 2018, up from 1.6 percent in 2017.
Covering a land area of 56,000 square kilometers with a population of over 70 million, the Bay Area is one of the most dynamic economic regions in the country. Its GDP amounted to more than 11 trillion yuan (.54 trillion) last year, growing at 6.7 percent year-on-year.
Covering some 60 hectares of land, the company produces 3.5 million roses of about 100 different varieties each month. About 10 percent of the varieties are renewed each year.
Consumers engage with an innovative illustration activity at a Peacebird's pop-up store in Shanghai in May. [Photo provided to China Daily]
Considering China's massive economic scale of about 90 trillion yuan, such countercyclical measures will help boost growth.
