Top news of the week:

• Chinese price of commodities continued to run smoothly

  May 16, 2022

  Data released by the National Bureau of Statistics recently showed that in April, the national consumer price index (CPI) rose 2.1% year on year due to factors such as recent Omicron variant outbreaks and the continued rise in international commodity prices. Insiders said that the domestic CPI rose significantly less than other major economies in April, and it is expected that in the coming period, prices may continue to show a moderate upward momentum.

• China responds to Finland and Sweden’s NATO application

  May 17, 2022

  Chinese Foreign Ministry Spokesperson Zhao Lijian responded to Finland and Sweden’s application to NATO membership stating that China’s position on the European security issue is consistent and clear, and China hopes all sides will follow the principle of indivisible security, and build a balanced, effective, and sustainable regional security architecture through dialogue and negotiation on the basis of respecting each other’s legitimate concerns and guided by the vision of common, comprehensive, cooperative and sustainable security. “China and Finland enjoy very friendly relations,” Zhao said, and “Finland’s application to join NATO will naturally add new factors to the bilateral relations.”

• China’s overall situation of cross-border capital flows remained stable

  May 18, 2022

  According to the data recently released by the State Administration of Foreign Exchange, China has continued to record a net inflow of cross-border capital and maintained the yuan’s generally stable exchange rate last month. In April, the surplus scale was $19 billion, roughly equivalent to the average monthly surplus in the first quarter and well above the level of the same period in 2021.

• CCPIT promoted an open development

  May 19, 2022

  China Council for the Promotion of International Trade (CCPIT) 70th Anniversary Conference and Global Trade and Investment Promotion Summit was held in Beijing on the 18th, and President Xi Jinping delivered a video message calling for further promotion of international trade. Foreign dignitaries and heads of international organizations attending the conference believed that CCPIT has made positive contributions to promoting world economic recovery, and hoped to deepen cooperation with China to promote sustainable development in the post-epidemic era.

• Another Chinese vaccine certified by WHO for emergency use

  May 20, 2022

  The World Health Organization (WHO) issued an emergency use listing (EUL) for CONVIDECIA, a vaccine manufactured by China’s CanSino Biologics. This is the third Chinese vaccine to be certified for emergency use by WHO after Sinopharm and Kexing vaccine and the 11th overall to win the right to enter the global market. WHO said CONVIDECIA was found to have 64% efficacy against symptomatic disease and 92% against severe COVID-19 symptoms.