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The consumer-price index declined by 0.8 percent last month – the second consecutive month prices have dropped since the coronavirus pandemic and the largest drop since 2008, the US Labor Department reported.

The country should push for high-quality development of the sector with a focus on improving financial services and forestalling financial risks, Xi said.

The country will also work to promote high-quality development of the service trade and commercial service sector, and expand the overseas service market with a focus on countries involved in the Belt and Road Initiative, Xian Guoyi, a ministry official, said at Tuesday's meeting.

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The country will accelerate equity investment through the State Financing Guarantee Fund this year, aiming to invest in 10 prefecture-level government-controlled financing guarantee institutions that have been successful in supporting small and micro-sized firms as well as agricultural and rural entities.

The contract for settlement in December 2020 closed 0.12 percent higher at 98.16 yuan. The contract for settlement in March 2021 closed 0.08 percent higher at 97.84 yuan.

The construction of its steel convention and exposition center was officially kicked off on Monday in Shanghai, China Baowu Steel Group announced.

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The consulate-general has sent representatives to visit the injured.

The country will allocate energy and resources more appropriately and raise utilization efficiency. It will continue reducing emissions of major pollutants and improving ecological environment, make ecological security shields more solid, and greatly improve urban and rural living environment.

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The country recycled around 2 million scrapped vehicles last year, including 1.67 million cars and 321,000 motorcycles.

The construction of infrastructure in the world, especially in developing countries, requires large sum of money. Reports from the Asian Development Bank and the African Development Bank showed that only half of the annual infrastructure investment need in Asia (estimated to be about .7 trillion annually by 2030), and one third of that in Africa (estimated to be about 0 billion to 170 billion annually), are met, which shows developing countries need a lot of investment to promote economic development, according to Qian.