The Shanghai Municipal Government held a promotional campaign in New York on Thursday to attract international investment and cooperation.
The campaign is part of a series of Shanghai's overseas promotions called "Invest in Shanghai, Share the Future."
The event was attended by Gong Zheng, Mayor of Shanghai; Huang Ping, Consul General of China in New York; Stephen Orlins, Chairman of the National Committee on U.S.-China Relations; Craig Allen, President of the United States-China Business Council; and representatives of major business associations and corporations, including China Construction Bank, Coach, Estee Lauder, Pfizer and Walmart, totaling more than 200 people.
In his keynote speech, Mayor Gong Zheng invited people from all over the world to visit, cooperate and prosper with Shanghai.
Promotions of "Shanghai Summer" International Consumption Season also opened in the event.
Shanghai invites investment and cooperation in New York
China's consumer price index (CPI), a main gauge of inflation, was up 0.3 percent year on year in May, and it is expected to continue growing moderately in the future based on the price trend, according to officials on Monday.
At a press conference in Beijing, officials from the National Bureau of Statistics briefed the situation of CPI in May and gave the prediction over its trend in the future.
Liu Aihua, a spokeswoman of the National Bureau of Statistics, said that the consumer price in May had three characteristics.
First, it kept flat in the year-on-year increase.
"In May, CPI rose 0.3 percent from a year earlier, staying flat from the previous month. Of which, food prices fell by 2 percent year on year, with the decline 0.7 percentage points narrower than the previous month, while non-food prices increased 0.8 percent, 0.1 percentage points lower than April. Service price grow by 0.8 percent, the same as the previous month," said Liu.
Second, the consumer price showed a slight seasonal decline from the previous month. On a monthly basis, the CPI inched down 0.1 percent in May. The decrease was smaller than the 0.2-percent drop on average in the same period of the last 10 years.
Third, the core CPI rose moderately. In May, the core CPI apart from food and energy was up 0.6 percent year on year, keeping a moderate upward trend.
"Regarding the trend of CPI in the future, based on the current price trend of food, manufactured consumer goods and services, CPI will continue to rise moderately. For food, as a large number of seasonal fruits and vegetables being put on market, food price will remain at a seasonal low. In terms of manufactured consumer goods, its total supply is sufficient, which is conducive to the stability of prices. As for service, its price is expected to continue rebounding as demand for services further recovers," Liu said.
China's CPI expected to continue growing moderately in future: official
China's CPI expected to continue growing moderately in future: official
