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Retreating food costs in China eased consumer inflation in March, while factory prices fell deeper over depressed demand due to the novel coronavirus outbreak, official data showed Friday.
China has issued a guideline on improving the market-based allocation mechanism of production factors in a bid to further facilitate the free and orderly flow of factors and stimulate market vitality.
Tianjin has accelerated its opening-up efforts despite the COVID-19 pandemic by launching more projects with investments worth 90.4 billion yuan ($12.8 billion) in the North China city, according to agreements signed between the local government and investors on Wednesday.
Chinese companies are geared up to meet surging global demand of ventilators to join hands with the world fighting against COVID-19 outbreak, overseas edition of the People's Daily reported on Friday.
China's automobile industry is gradually recovering from the novel coronavirus outbreak and the number of cars on the country's roads would overtake that of the United States by the end of this year, senior industry officials said on Thursday.
The gradual resumption of business and production has contributed to the recovery of the property market in March, and experts suggest the worst impact of the COVID-19 outbreak on the sector may have passed.
China has unveiled a range of measures including an aid package to speed up the economic recovery from the coronavirus outbreak, as it seeks to tackle the crisis and challenges resulting from the global COVID-19 pandemic.
Author: Producer Emilio Mendez
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