China’s consumer price index (CPI), a main gauge of inflation, rose 2.3 p
ercent year-on-year in March, the National Bureau of Statistics (NBS) said Thursday.
The increase was up from 1.5 percent in February.
Food prices climbed 4.1 percent year-on-year in March, up from 0.7 perc
ent in February, yet on a month-on-month basis food prices went down 0.9 percent, the NBS said.
Due to low vegetable yields in spring and cold rainy weather, prices of fresh vegetables posted a fast growth of 16.2 perce
nt year-on year in March, contributing 0.42 percentage points to the year-on-year CPI growth.
The growth of the pork price rebounded after declining for 25 consecutive months, rising 5.1 percent year-on-year in March.
On a month-on-month basis, the pork price moderately went up 1.2 percent on average nati
onwide as outbreaks of African swine fever were gradually contained, according to the NBS.
energy vehicles (NEV), sales of NEVs reached 111,000 in March, up 100.9 percent year-o
n-year, with NEV wholesales accounting for 254,000 units in the first quarter.
CPCA predicts a 40 percent increase in NEV sales to 1.7 million
units in 2019, based on these first quarter figures.
As China began to cut manufacturing sector VAT from 16 to 13 percent on April 1, som
e imported and high-end vehicle brands lowered prices to boost sales nationwide.
As the industrial chain of domestic-made goods are comparatively longer than that of imports howe
ver, most domestic manufacturers have not lowered prices for goods, including automobiles.
“Consumers should not expect too much on price cuts of automo
biles, but choose vehicles based on demand and affordability,” CPCA said.
poverty-reduction workshop, where over 40 women from poor families found jobs. They draw on their fine craftsmanship and hand
made items such as wallets, insoles and pillowcases, which sell at places as far away as Beijing and Shanghai.
In December 2018, Shangyan and Yangcao were removed from the list of poverty-strike
n villages with eight other villages of Huanghua Township, which means poverty had dropped to 3 percent and
below, with all impoverished population included in the national basic medical insurance scheme.
Ma died about a year after she was diagnosed with lymph cancer by a Beijing-based hospital in May 2017.
Even during chemotherapy, she often thought about poverty relief work, and after five months treatment, she returned to her office.
The mountainous Guyuan City, where Huanghua Township is located, is one of the sites whe
re the Workers’ and Peasants’ Red Army of the Communist Party of China arrived during the epic Long
March from 1934 to 1936, which had seen a large number of officers and soldiers killed or injured.
rm has been in operation since Feb 4, 2018.
It is the first Pacific Hydro wind farm in Chile and the first wind farm invested in by China in the South American country.
The $150 million project, financed and constructed by China State Power Investment Corpo
ration, has an installed capacity of 82 MW and will generate about 282 GWh/year, which can meet electri
city demands for 130,000 households and reduce carbon emissions by 157,000 tons per year.
Located in Russia’s Yamal Peninsula in the Arctic, the Yamal liquefied natural gas project reached f
ull production capacity with its three production lines, each of which has a capacity of 5.5 milli
on tons per year, with operations starting in December 2017, August 2018 and December 2018, successively.
The project is the world’s largest of its kind within the Arctic Circle and is also the first m
ega- energy cooperation project implemented in Russia after the Belt and Road Initiative was proposed.
It is owned by Russia’s Novatek (50.1 percent), France’s Total (20 percent), China N
ational Petroleum Corporation (20 percent) and China’s Silk Road Fund (9.9 percent).