Data released by the National Bureau of Statistics on the 9th showed that in August, the consumer price index rebounded to 0.8% year on year, and the industrial producer ex-factory price index increased to 3.8% year on year. Liu Baocheng, vice dean of the Institute of Global Innovation and Governance at the University of Foreign Economics and Trade, said that the simultaneous improvement of CPI and PPI in August reflects the current trend of moderate price recovery and gradual increase in economic vitality in China.

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