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Drug monopolies have played a significant role in the steep rise in prices of some medicine in the domestic market in recent years, which has affected the drugs' availability to patients, he said.

Drivers of the food delivery service Ele.me begin their morning shift after an internal security check in Beijing, Sept 21, 2017. [Photo/Agencies]

Driven by prosperous business and service industries as well as the rising price of some products, the value-added tax on industrial and commercial enterprises and the business tax replaced by value-added tax rose by 15.5 percent and 18.3 percent respectively, which together contributed to an increase of 5.1 percentage points for the national fiscal revenue. At the same time, corporate income tax increased by 12.8 percent year-on-year due to continuous improvement of corporate profits.

During a meeting with Cape Verde President Jorge Fonseca, Wang said that the two countries are working to push forward cooperation in the fields of infrastructure, marine economy, the development of special economic zones, tourism, renewable energy and human resource development.

Dong Lijuan, an NBS statistician, said pork prices slumped by 12.5 percent in November from a high comparison base last year as pork production continued to recover. Pork prices represented a weighted 0.6 percentage point of the drop in CPI.