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China's economic recovery picked up steam in the third quarter as activities normalized amid effective control of the COVID-19 pandemic and the Chinese government's sweeping efforts to stimulate demand and consumption, according to official data.
China's consumer price index, a main gauge of inflation, rose by 0.5 percent on a yearly basis in October, declining by 1.2 percentage points from September.
China's largest online job ad platform, 58.com, reported 55 percent of enterprises that delayed their work resumption had chosen telecommuting the epidemic. More than half of these enterprises are from digitally based industries such as information technology and telecommunications.
China's first integrated online platform to help resolve the growing number of financial disputes in Beijing, was launched on Tuesday.
China's foreign exchange reserve will basically remain stable given the stabilizing economic growth prospect and the stable foreign exchange rate, the central bank said on Friday.Zhou Xiaochuan, governor of the People's Bank of China, said the country's foreign exchange reserve has been affected by international asset prices but there have not been any major changes in China's balance of international payments.The country saw its foreign exchange reserve drop to the level of trillion in January of last year and then it increased continuously over the past 12 months, according to Pan Gongsheng, vice-governor of the central bank and the head of the State Administration of Foreign Exchange.Pan said China's economic fundamental and foreign exchange rate will stay relatively stable and the country's foreign exchange reserve will also remain basically stable.
来源：资阳报