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The year-on-year 3.3 percent increase in CPI for July is moderate, compared with the forecasted GDP growth of 9 percent for the whole year.

The transaction value for China's e-commerce market is expected to exceed 4.3 trillion yuan by the end of the year.

The report said Chinese economy will grow steadily but upward inflationary risks should not be neglected, as loosened monetary conditions across the world have prompted international capital to look for outlets.

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