2021-06-10 07:59


20210610 China News

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China's consumer price index, a main gauge of inflation, grew by 1.3 percent year-on-year last month, up from 0.9 percent in April, the National Bureau of Statistics said on Wednesday.The CPI reading picked up as food prices rose amid a tight supply of freshwater fish and eggs while non-food prices increased with transportation costs elevated by rising international crude oil prices, the NBS said.


China's producer prices rose at a faster pace in May to the highest level since September 2008 as domestic demand steadily recovers and raw material prices continue to rally, official data showed Wednesday.China's producer price index (PPI), which measures costs for goods at the factory gate, went up 9 percent year-on-year last month, accelerating from the 6.8-percent growth in April, according to the National Bureau of Statistics.


More than 150 officials and business representatives attended the Made-in-China Sourcing Meeting, part of the second China-CEEC Expo held in Ningbo, to help develop international markets for small and medium-sized foreign trade companies.


China's omnichannel grocery online retailer Dingdong Maicai has submitted its IPO prospectus to the United States Securities and Exchange Commission, with a stock code of "DDL", news portal Sina reported on Wednesday.


China's online education development has been faster than anywhere else in the world, which has brought huge dividends and opportunities for foreign companies, according to a senior company executive.Hugh Yao, founder and CEO of LingoAce, an online Mandarin Chinese-teaching platform, said: "As a Singaporean company, we have actually enjoyed a large pool of talent amid the booming development of China's online education sector."


Shenzhen's economic output and gross domestic product per capita in 2035 will double from 2020, according to the city's outline for its 14th five-year plan and its long-term targets for 2035, which were released on Wednesday.Last year, the city's GDP was more than 2.76 trillion yuan ($432.76 billion) while its GDP per capita reached 157,600 yuan.

Source:Globaltimes,Xinhuanet,Chinadaily,Shine,GdtodayChina Plus News

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham


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