At the invitation of U.S. President Joe Biden, Chinese President Xi Jinping will attend a China-U.S. summit meeting and the 30th Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting in San Francisco this week.
China's economy is expected to steadily recover in the fourth quarter and further pick up in 2024, and will be far from nearing a so-called state of deflation, said Hoe Ee Khor, chief economist of the ASEAN 3 Macroeconomic Research Office, or AMRO.
China's consumer price index, a main gauge of inflation, is likely to continue to recover as the upcoming holidays of the Mid-Autumn Festival and National Day are expected to boost market demand for food and services, the National Bureau of Statistics said on 15th of Sept.
China's gaming industry is witnessing a rebound this year, with the nation's game users reaching a record high of 668 million, said a report released on Thursday.
China's factory activity dipped further into contraction in May amid slowing production and weakening demand, official data showed on Wednesday, putting more pressure on policymakers seeking to consolidate the foundations of economic recovery.