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Buoyed by the brisk recovery in industrial production, the contraction in China's GDP narrowed from 6.8 percent year-on-year for the first quarter to 1.6 percent for the first half of the year. Industrial output contracted by 1.3 percent over the same period.
Bucking the upward trend, shares in the food and beverages sector led the losses, with the household liquor maker Kweichow Moutai Co Ltd falling 4.48 percent to 1,130 yuan.
Bruce Friedrich, GFI executive director, said the surge in plant-based meat sales was fueled by technological advances that changed the texture and taste of the products.
Bottom line
Both sides agreed to use the exchange mechanism to make plans for cooperation between the legislative bodies of the two countries, promote cooperation under local, bilateral and multilateral mechanisms, and enhance economic and trade cooperation as well as people-to-people exchanges.
