The core CPI, which excludes food and energy prices, rose 0.5 percent year-on-year last month, 0.4 percentage points lower than in June.
The confectionary and chewing gum producer is facing pressure from consumers looking for healthier foods. The market has been increasingly competitive in recent years, with growth rates on the decline, although Mak said there will be more growth seen this year.
The country has been actively supporting the creation of the Asian Financial Cooperation Association, which was officially announced at the Belt and Road Forum in Beijing in May.
The concerts were part of the celebration of the 30th anniversary of the establishment of the Portland-Suzhou Sister City relationship. The two cities forged sister-city ties in 1988.
The coronavirus has spread to more than 180 countries and regions around the world. China Daily has interviewed several overseas Chinese to talk about their lives and share their observations of the outbreak where they currently reside.
The country will also push for high-quality development of the sector with a focus on improving financial services and forestalling financial risks.
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The cooperation has been expanding fast between the two countries that have shared stories of travel, exploration and connectivity since the time of Marco Polo. Italian ports along the Tyrrhenian and Adriatic coast are now thriving with growing Chinese cargo, while more and more Italian goods are serving Chinese consumers.
The construction machinery business will be a highlight of the expo, covering over 6,000 square meters of exhibition area. Several major Chinese heavy machinery manufacturers by production volume will attend the event.
The country plans to adopt a "proactive" fiscal policy this year, with a lower tax level to reduce costs for enterprises-a tone that has been set by the annual Central Economic Work Conference in December.
The consumer price index rose by 4.5 percent year-on-year in December, but its growth was zero month-on-month.