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.
future for mankind in his speech at the headquarters of the United
ations in September 2015, and in his report for the 19th National Congress of the Communist Par
ty of China in October 2017, Xi has pledged on different occasions to build a peaceful, safe, prosperous, open, inc
lusive, clean and beautiful world to let the sunshine of a community of shared future for mankind illuminate the world.
The world, which is going through a phase of adjustment that fea
tures huge development and fundamental changes, faces great and unfamiliar turbulent situ
ations — the overall trends of peace and development are irreversible, while instabilit
y and uncertainty are prominent. Some problems and challenges are unprecedented, and the int
ernational community faces crucial choices concerning the future of the world and the fate of humanity.
ulsory education, basic medical care, housing, drinking water, eldercare and ch
ild care, in addition to addressing other pressing issues for some groups in society.
Social security mechanisms to help those most in need will be furthe
r refined, with subsistence allowance systems set to be optimized, the statement said.
The meeting also called for full implementation of requirements set in the Ce
ntral Economic Work Conference, the annual policymaking meeting held in December.
The meeting urged an even more proactive fiscal policy and full implementation of tax and fee cuts.
Monetary policy will be eased or tightened to the right degree, and
it will be adjusted in accordance with economic growth and real-time inflationary and pricing
scenarios, the statement said, adding that financial support for the real economy will be bolstered.
ld shoulder the historical responsibility of leading the people in realizing national indep
endence, people’s liberation, national prosperity and happiness for the people, Xi said.
By doing so, it should be made clear why socialism has taken root and continues to improve and de
velop in China so as to guide people to draw lessons and wisdom from history, and foster stronger confi
dence in the path, theory, system and culture of socialism with Chinese characteristics, he added.
He called for in-depth studies of the great significance of patriotism, progress, democracy and science advocated in the movem
ent so that its spirit can motivate young people to make unremitting contributions to national rejuvenation.
Xi also underscored the importance of responding to why the theme of contemporary Ch
inese youth movements should be to strive to achieve the Chinese Dream of national rejuvenation, require all aspects of socie
ty to care for and serve the youth, and also create a sound environment for them to develop, innovate and undertake pioneering work.
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.