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China’s consumer price index (CPI), the main gauge of inflation, gr
ew 2.5 percent year-on-year in April, the National Bureau of Statistics (NBS) said Thursday.
The reading, in line with market expectations, accelerated from the 2.3 percent gain in March and 1.5 percent in Febru
ary. On a monthly basis, consumer prices edged up 0.1 percent, compared with the 0.4 percent drop seen a month earlier.
NBS official Dong Yaxiu attributed the rise to higher prices of vegetables, pork and fruit, which ros
e 17.4 percent, 14.4 percent and 11.9 percent, respectively, from the same period last year due to tighter supplies.
Food prices, which account for nearly one-third of weighting in China’s CPI, went up 6.1 percent year-on-year.
Meanwhile, China’s producer price index (PPI), which measures inflation at the factory gates, rose
0.9 percent year-on-year last month, up from the 0.4 percent gain in March that showed improving market demand.
an independent choice based on the objective need of the country’s reform and development.
This is helpful in promoting high-quality growth, meeting the people’s need
s for a better life and promoting peace, stability and development of the world, he said.
China also hopes that other countries will create a good investment environment, treat Chinese enterpris
es, students and scholars equally and create a friendly environment for their normal international exchange activities, Xi said.
Xi pledged to take stronger measures to promote international cooperation in protecting intellectual pro
perty, which he said is not only crucial to protecting the legal rights of companies but also to promoting high-quality growth.
China will enhance policy coordination with the world’s major economic entities and j
ointly promote the robust, sustainable, balanced and inclusive growth of the global economy, he said
and bilateral issues despite remaining difficulties in bilateral relations, he said.
The thawing of ties between China and Japan was marked by Li’s visit to the country in
May, the first by a Chinese premier in eight years, and the visit by Japanese Prime Minister Shinzo Abe to China in October.
The economic dialogue between the two countries was launched in 2007,
and deteriorated relations due to disputes over a number of issues resulted in an eight-ye
ar hiatus until last April, when the two sides restarted with the fourth round of dialogue in Tokyo.
China said on Monday that the Belt and Road Initiative is open to economic cooperation with
other countries and regions, and it does not become involved in territorial disputes of relevant parties.
Foreign Ministry spokesman Lu Kang said at a daily news briefing tha
t although the initiative was proposed by China, it is an international project for the public good.
While advancing the initiative, China upholds the principle of equality, openness and transparency and sticks to enter、
prise-oriented market operations as well as market laws and well-accepted international rules, Lu said.