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Month-on-month, the PPI rose 0.1 percent last month as industrial activities perked up and market demand further improved, said NBS senior statistician Dong Lijuan, adding that the prices of industrial products continued to increase.

Mobile payment transactions in China expanded at a compound annual growth rate of 123 percent from 2013 to 2018, exceeding 300 billion transactions in the latter year, according to McKinsey's 2019 Global Payment Report.

Midea Group and its German robotics and automation partner Kuka AG commenced construction of a joint smart manufacturing industrial park on Thursday in Foshan, Guangdong province.

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Migu Co Ltd, a subsidiary of China Mobile that provides digital content products and services, on Wednesday upgraded its cooperation with Wanda Film Holding Co Ltd, in a bid to enrich membership rights and launch related derivatives.

Monetary policy tools include liquidity injections through cutting the reserve requirement ratio — the funds that must be held in reserve in financial institutions. They also include medium-term lending facility operations at lower interest rates, tax relief and cutting lending rates for corporations to reduce financing costs, according to economists at Goldman Sachs, Morgan Stanley and Nomura Securities.

Michael Peng, president of Aston Martin China, delivers a speech at the Shanghai auto show in April. [Photo provided to chinadaily.com.cn]

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Ministry spokesman Gao Feng said the decision made by the US and the EU to avoid a trade war is certainly a good thing for both sides and the whole world, and China will follow the progress of related negotiations.

Moon and Kim agreed to complete denuclearization and the turn of the current armistice agreement into a peace treaty by the end of 2018. The Korean Peninsula remains technically at war as the Korean War ended with armistice.

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Mobike is scheduled to deploy hundreds of bikes to Florence for a trial run this week, with 30 minutes on a bike costing 0.3 euros. In August, 4,000 bicycles will be officially launched in Florence and Milan. Users can locate a Mobike using a cell phone app and unlock it by scanning a QR code on the bicycle.

Migrant rural workers will be encouraged to start their own business as the commission was in talk with policy banks to give them stronger financial backing.