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China's consumer price index rose 1.8 percent year-on-year in May. Food prices edged up by 0.1 percent, resulting in a growth of 0.01 percentage points in the price index.
China's decision to reform and open up, Ampuero said, not only ignited its achievements over the past 40 years but has also offered immense opportunities to the rest of the world.
China's consumer price index (CPI), a main gauge of inflation, rose 3.8 percent year on year last month, mainly driven by soaring pork prices, which rose 101.3 percent year on year in October, contributing nearly two-thirds to the CPI growth.
China's derivatives market is expected to embrace a big round of opening-up this year as the country's policymakers aim to facilitate high-quality development by encouraging greater participation of foreign investors and drawing more long-term institutional capital into the Chinese financial industry.
China's investment in Africa has also seen strong growth, as the ministry's data show that more than 3,700 Chinese companies had set up branches in Africa by the end of 2018, bringing over billion to the continent.
