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China's CPI is likely to stay at around 2 percent in the second half, while the producer price index will fall due to a high base in the same period last year, a stable oil price and weakening demand, according to Nomura.
China's banking and insurance regulatory body took over Baoshang Bank on Friday for one year, as the joint-stock commercial bank is exposed to serious credit risk, according to a statement jointly issued by the People's Bank of China and the China Banking and Insurance Regulatory Commission.
China's bond market stood at about 86 trillion yuan (.52 trillion) by the end of 2018, with about 1.8 trillion yuan (1.9 billion) held by foreign investors. The market size was the third largest globally and the second largest in Asia. Observers predict China will surpass Japan to become the world's second largest bond market this year.
China will need to step up policy support to address some of the uneven patterns behind the strong rebound, economists said. For example, household consumption remained subdued as national retail sales declined 1.8 percent year-on-year in June, and the recovery of the services sector has fallen behind the country's industrial production and construction growth.
China will speed up the development of a public legal service system with measures to expand the reach of legal aid, according to a guideline published on Wednesday.
来源：资阳报