1. China's consumer price index rose 1.6 percent year-on-year in September, data released by the National Bureau of Statistics (NBS) showed Wednesday, slower than a 2.0 percent increase in August. September marked the first month of slowdown in consumer inflation after three consecutive months of acceleration. Producer price index dropped 5.9 percent on a yearly basis in September, marking a 43rd straight month that China saw a negative growth in PPI.
2. China's foreign trade dropped 8.8 percent year on year in September to 2.22 trillion yuan (about 352 billion U.S. dollars), less severe than the 9.7-percent contraction in August, data from the General Administration of Customs showed Tuesday. Exports dropped 1.1 percent to 1.3 trillion yuan and imports decreased 17.7 percent to 924 billion yuan. The trade surplus totaled 376.2 billion yuan, up 96.1 percent.
3. China has approved a plan to make the taxation system more efficient and more convenient for tax payers, according to a statement released after a meeting of the Central Leading Group for Deepening Overall Reform, presided over by President Xi Jinping, on Tuesday. The reform will address overlaps between state and local tax departments.
4. China's annual economic growth will be a little less than 8 percent during the 12th five-year plan (2011-2015) period, much higher than world growth of around 2.5 percent, the NBS said Tuesday in a report on its website.
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