Core inflation — which excludes prices of fresh food — rose to 3.2% from 3% in the prior month and beat economists’ expectations of 3.1%, according to a Reuters poll.
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Alibaba shares soar 11% in Hong Kong after stellar earnings as China’s e-commerce sector recovers
Alibaba has been making ‘significant strides’ in advancing its AI cloud business after launching its Qwen 2.5-Max flagship AI foundation model, Barclays wrote in a note.