The Hong Kong Special Administrative Region will continue to play a pivotal role as a bridge between the Chinese mainland and overseas markets to boost regional economic cooperation with Asia-Pacific countries, officials and business leaders said at the Hong Kong Summit 2022 on Wednesday.
The growth in core CPI, which excludes volatile food and energy prices and is deemed as a better gauge of the supply-demand relationship in the economy, came in at 0.8 percent year-on-year in July, following a 1 percent rise the previous month.
As the peak of outbreak disruptions recedes, policies regarding population flows and transportation have been adjusted accordingly. Recoveries in logistics, business activity and daily consumption have been quite noticeable.
China will play a key role in underpinning the global supply chain in the second half of the year amid government policy measures to stabilize the economy while tackling the impact of COVID-19 via targeted means, experts said.
The country's consumer goods market is gaining growth momentum fueled by better containment of the COVID-19 pandemic and a series of stimulus measures to spur consumption.