Feng Mohan News Today

China’s top economic planner announced on Monday that the retail prices of gasoline and diesel will not be changed in October despite a week of rising global oil prices and tight supplies.

An executive meeting of the State Council, Chinas cabinet, on Wednesday stressed the implementation of a slew of stabilization measures to expand effective demand and consolidate the foundation for economic recovery.

China has the conditions to keep prices stable for the rest of the year despite elevated global inflation, with consumer inflation likely remaining below the nearly 3 percent target for 2022, officials and experts said.

China will likely keep its monetary policy stable and on target in the second half as consumer inflation is expected to rise mildly within a reasonable range in the rest of the year, experts said.

Whether it is buying production materials, keeping close contact with regular clients in developed markets, or preventing business orders from being grabbed by rivals in Vietnam, almost everything is more costly, unreliable and challenging these days for Wang Chunsong, chairman of Color Star (Fuzhou) Products, an exporter of home decor in Fuzhou, Fujian province.