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China's economy expanded in the second quarter at a better-than-expected pace of 6.9 percent year-on-year. The International Monetary Fund (IMF) on Monday revised up China's growth forecast for 2017 and 2018 to 6.7 percent and 6.4 percent respectively.
China's consumer price index (CPI), a main gauge of inflation, rose 3.8 percent year-on-year last month, mainly driven by soaring pork prices, which rose 101.3 percent year on year in October, contributing nearly two-thirds of the CPI growth.
China's consumer price index, a main gauge of inflation, rose at a slower pace in February as the government rolled out measures to facilitate production resumption and ensure supplies to stabilize prices amid the novel coronavirus outbreak.
China's growth in industrial value added rose by 7 percent year-on-year in November, from 6.9 percent in October, according to the National Bureau of Statistics. Retail sales, a key gauge of consumption, were up by 5 percent year-on-year, the fastest level of the year.
China's new energy vehicle market is set to reshuffle around 2020, which may wipe out some electric car startups, according to an industry think tank. But he said the segment's long-term prospects are bright.