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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 consumer price index, a main gauge of inflation, rose by 4.5 percent year-on-year in December, the same as the previous month, breaking a three-month streak of rising consumer inflation, the National Bureau of Statistics said on Thursday.

China's economy continued steady expansion in the first half of this year with GDP up 6.9 percent year on year to about 38.15 trillion yuan (.6 trillion), data from the National Bureau of Statistics (NBS) showed.

China's leading global contract research outsource provider WuXi AppTec, successfully listed on the main board of the Shanghai Stock Exchange on Tuesday, marking the nation's first unicorn enterprise to get initial public offering approval on the A-share market.

China's foreign trade will ride out the current volatility despite the novel coronavirus epidemic, as the country is expected to roll out more supportive measures, said officials and analysts.