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China's consumer inflation, measured by consumer price index, edged up in September, according to the National Bureau of Statistics on Tuesday.

China's drive to further open up its aircraft manufacturing sector will be a shot in the arm for both the local industry and foreign companies planning to increase their investments, said the newly appointed China CEO of European aircraft manufacturer Airbus SE.

China's leadership has announced a series of measures to expand opening-up and has moved ahead to lower the import tariffs on vehicles and auto parts, anti-cancer drugs, and daily consumption goods, and to eliminate specific measures such as restrictions on the proportion of foreign ownership of banks and financial asset management companies. The country's initiatives in opening up the market have greatly reduced or even eliminated the doubts of the international community regarding the prospects of economic globalization, and have also injected new dynamism into the recovery of the world economy.

China's exports to Australia were valued at .34 billion, and imports from Australia were 5.45 billion.

China's innovation-driven development stands out among all the Asian economies and can play a major role in fostering technology cooperation in several key sectors, experts said on Wednesday.