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China's landfills are bulging, illegal waste dumping is a growing headache and the favored solution among city governments－to incinerate－is creating health and pollution problems, she said.

China's forex reserves rose for the third month in a row in April, central bank data showed Sunday.

China's consumer price index, a main gauge of inflation, rose by 2.1 percent in July from a year earlier, beating market expectations, according to data from the National Bureau of Statistics.

China's newly-added social financing, a measurement of funds the real economy receives from the financial system, came in at 3.19 trillion yuan (about 1 billion) in May, up 1.48 trillion yuan year-on-year.

China's management of its economy is also making Pearce more comfortable. He recently allowed his money managers to invest in Chinese mainland equities directly for the first time in the firm's history.