In fact, China's core inflation, which excludes food and energy prices, saw substantial decline in February on a monthly basis, shifting from a 0.5-percent rise to a 0.1-percent decline, according to the NBS. On a yearly basis, core inflation rose 1 percent, edging down from 1.5 percent in the previous month. This may indicate that demand remains weak amid the epidemic outbreak and the rising economic downward pressure, economists said.
In breakdown, the agricultural sector consumed 8.5 billion kWh, up 11.6 percent from a year ago. Power consumption of the secondary industry fell 0.7 percent year-on-year, while that of the tertiary industry rose 5.3 percent.
In face of rising protectionism and unilateralism, China stands ready to work with all parties to continuously consolidate partnerships, align respective strategies for development, promote the Belt and Road construction and cooperation, jointly defend multilateralism and free trade, build an open global economy, and inject new energy to promote stable and balanced development of the world economy, he said.
In early trading, the Dow Jones Industrial Average gained 60.73 points, or 0.28 percent, to 23946.47. The S&P 500 rose 0.41 percent. The Nasdaq Composite gained 0.94 percent.
In fact, 70 percent of the vehicles BelGee makes are exported, mostly to Russia, with the rest sold in Belarus.
In fighting the epidemic, our fortunes are closely inter-connected; in sustaining economic growth, our interests are closely aligned.
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In comparison with goods trade, trade in services refers to the sale and delivery of intangible products such as transportation, tourism, telecommunications, construction, advertising, computing and accounting.
In fact, most WTO members affirm China's stance on upholding the multilateral trade system and expect China to play a bigger role, according to Hua.
In early January, pictures posted online showing some visitors posing for pictures with pandas at the Chengdu base sparked heated discussion online.
In addition, the world is also witnessing an expanding use of the Chinese currency as a new option in international payments and settlements, which is part of the reform of global economic governance.