China’s state planner spokesman was out on the wires on Friday, sharing his thoughts on inflation and fixed asset investment in the world’s second-largest economy.
Key quotes
Consumer price inflation is expected to ease in the second half of 2020.
Approved 54 fixed-asset investment projects worth 494.4 billion yuan in H1.
Approved 8 fixed-asset investment projects worth 11.4 billion yuan in June.
China’s consumer price index rose 2.5% year-on-year in June, expanding 0.1 percentage points than May courtesy of increasing prices of pork and vegetables, the official data released last week showed.
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