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China's economic data in July, such as retail sales and fixed-asset investment, weakened compared with June, while its consumer price index rose to 2.1 percent in July, up from 1.9 percent in June, according to data by the National Bureau of Statistics (NBS). Recent rises in food prices in many parts of the country have triggered concerns that consumer inflation may strengthen further in August. The NBS is scheduled to release CPI data next Monday.
China's delivery-based chain Luckin Coffee on Tuesday said it has turned Luckin Tea into an independent brand that runs its own operations and planned to use franchising to fuel its expansion.

China's gold reserves' value fell to .74 billion at the end of March from .376 billion at the end of February, the central bank said.
China's commitment to grant overseas financial companies more access to its domestic market is hailed by analysts as a move that could help London's banks and asset managers capture new growth.
China's economy bounced back to growth in the second quarter this year. Macro policies, including tax and employment-oriented policies, have rendered effective support to economic recovery, Guo said, adding monetary and fiscal policy also played an important role.
来源:资阳报