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China's civil aviation industry has been ranked the second-largest for 12 years, behind the United States.

China's oil product exports, on the other hand, fell in May to a 15-month low of 3.89 million tons, down by more than 50 percent from April's exports of 8 million tons, the data showed.

China's consumer price index, a main gauge of inflation, grew 2.4 percent year-on-year in August, down from 2.7 percent in the previous month, the National Bureau of Statistics said on Wednesday.The CPI growth moderated as food prices rose slowly, with the year-on-year growth in pork prices sharply down 33.1 percentage points from a month earlier to 52.6 percent in August due to a high base last year, the NBS said.

China's millennial consumers have increasingly jumped onto the "buy-now-pay-later" bandwagon. One in four of those aged 18 to 27 in China use credit services offered by Ant.

China's export growth rebounded to 44.5 percent year-on-year in February, the fastest pace in three years. Import growth fell to 6.3 percent year-on-year, resulting in a trade surplus of .74 billion against market expectations of a deficit.