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The country vowed to maintain control over the floodgates of monetary supply and keep liquidity at a reasonable and ample level, according to a statement issued after a meeting of the Political Bureau of the Communist Party of China (CPC) Central Committee in July.

The conditions are right for China "to maintain sound economic growth this year" despite complicated domestic and international financial situations, an official at the National Bureau of Statistics said on Wednesday.

The consumer price index (CPI), a main gauge of inflation, rose 2.1 percent year on year in March, down from 2.9 percent for February, data from the National Bureau of Statistics (NBS) showed Wednesday.

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The consumer sectors have seen the best upward revisions to earnings, and are also among the top performing in the market, showing investors have been rewarding the improvement.

The coronavirus, also called Covid-19, appears to be spreading.

The consumer price index, a main gauge of inflation, may begin to fall from the second quarter or the second half of next year, they said after the CPI hit 3.8 percent year-on-year in October, the highest this year and up from 3 percent the previous month.

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The country revised its Budget Law in 2015 to tighten regulation over debt management, including setting the annual borrowing ceiling for local governments.

The country's A-shares market saw 64 IPOs in the first half of this year, with a total of 60.4 billion yuan (.8 billion) raised. PwC predicted the 200 IPOs this year would collect an estimated sum of 180 billion yuan.

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The country saw its forex reserves fall in February to .134 trillion, down .98 billion from the previous month, following 12 consecutive months of rises, according to data from the State Administration of Foreign Exchange.

The consumer confidence index's increase in the first quarter was a result of the combination of employment prospects, personal finance, and the willingness to spend.