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.
four decades has been a blessing to not only our two countries, but the whole world,” said Cui Ti
ankai, Chinese ambassador to the US, in his remarks during the awards presentation.
“And the essence of the 40-year story is amity between the peoples, which lays the foundation for
and shapes the future of our relations,” he said, adding that the stories shared by peoples from the two cou
ntries through the My China Album series will always “be a source of inspiration and motivation for us”.
Hundreds of US citizens participated in the series from Feb 6 to April 19, sharing their personal stories about China thro
ugh photos and captions. Ten of the participants were recognized for their genuine and touching stories.
“I was so honored to win first place in this year’s My China Album,” said
Max Horne, an incoming Harvard University freshman who visited Yunnan province years a
go and studied the Naxi culture, a local ethnic group. “There’s endless culture for us to appreciate.”
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