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An unnamed spokesperson for the Ministry of Commerce said in a statement on Tuesday that it is groundless to accuse China of engaging in unfair trade with the US as the latter "has benefitted tremendously" from the twoway trade, despite the trade deficit.

Analysts said Tencent's stake increase is very impressive, considering Pocket Gems' simple portfolio: a digital storytelling title Episode and a hardcore multiplayer game War Dragons.

And in this context, our interest is how we can leverage, you know, the Belt and Road Initiative, the Philippine Development Plan, the ASEAN Master Plan of Connectivity. How we can leverage this into concrete economic gains and projects, which will benefit not only China, the Philippines, and ASEAN, but all the countries involved in the Belt and Road Initiative. The key point, however, the key emphasis is on connectivity, because this is where we see particular areas of interest. You know the infrastructure projects, there’s a great need for improving the infrastructure in the Philippines, there’s a great need of improving the infrastructure in Southeast Asia. And so this is an area where the interests are aligned, between China, the Philippines, and the Association of Southeast Asian Nations.

Angel Djambazov is the editor of ReveNews and the owner of Custom Tailored Marketing.

Analysts pointed out that robust domestic consumption activity and summer travel season demand resulted in the monthly CPI figure, as consumption strength backed price increases in transportation, tourism and other service-related sectors.