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China's central bank has incentivized commercial lending to smaller firms via special funding and providing targeted cuts to reserve requirements for banks, and has forecast an obvious improvement in major economic indicators in the second quarter.
China's CPI may register a mild rise of 2.1 percent this year, up from 1.6 percent in 2017, said a research note from securities firm Nomura. "We expect CPI inflation to moderate over the next couple of months as vegetable prices normalize. We do not expect contained inflation to affect Beijing's policy agenda to stimulate domestic demand and investment."
China's GDP growth remained stable in the first quarter, up 6.8 percent year-on-year and 1.4 percent month-on-month, data from the National Bureau of Statistics showed.
China's A-share market has seen sharp corrections this year, with the benchmark Shanghai Composite Index losing about 20 percent compared with the beginning of the year.
China's booming mobile app market will continue to expand with rising smart device penetration and mobilization of more traditional businesses. [Photo/CGTN]
