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BEIJING, May 30 (Xinhua) -- Growth in China's consumer price index (CPI) is likely to see a reverse "V" shape this year and the possibility of a serious inflation is easing, said Ha Jiming, chief economist at the China International Capital Corp. (CICC).Speaking at an investor education activity in Beijing Saturday, Ha expected China's CPI to increase 3.2 percent in May from a year earlier, and said the CPI annual growth rate would even peak at 4 percent in June and July.The country's CPI rose 2.4 percent year on year in March and the growth for April accelerated to 2.8 percent, according to statistics from the National Bureau of Statistics.The pick-up in CPI growth was a result of lower comparison base last year and the risk for a serious inflation in short term was defusing because both the global commodity prices and domestic meat and vegetable prices were falling, he said.In China, food prices accounted for one third of the CPI weight.The CICC has cut its estimate for China's economic growth this year to 9.5 percent from 10.5 percent, he said.Interest rate hikes would be unlikely this year as growth in consumer prices was expected to fall in the second half, he said.

BEIJING, April 3 (Xinhua) -- China will launch a two-month campaign to inspect work safety nationwide on April 5, according to the work safety commission of the State Council, or the Cabinet.Serious accidents took place in succession in some areas and industries recently, which shows negligence and loopholes in work safety management and serious violations to laws and regulations, said a circular issued by the commission.The inspection would focus on work safety in mines, the chemical industry, transportation and fire-works mills, among others.The campaign would include self-examination by enterprises, government inspection and public supervision.Enterprises are required to complete self-examination in April and local governments to conduct inspection in May, while the commission would dispatch supervision teams to check their work.The nationwide campaign comes days after 153 coal miners were trapped in a flooded coal mine in north China's Shanxi Province, which will be China's worst mining disaster in more than two years if the miners cannot be saved.

BEIJING, April 9 (Xinhua) -- A senior leader of the Communist Party of China (CPC) stressed Friday the role of high technology in cultural development, as the country seeks to reform and innovate to ensure the prosperity of socialist culture."High technology should be the 'new engine' for promoting cultural construction and boosting the country's cultural innovation abilities and influence," Li Changchun, member of the Standing Committee of the Political Bureau of the CPC Central Committee, said at a meeting of publicity officials."We should adhere to advanced socialist culture and stick to the principles of being close to reality, life and the people," he said, urging to keep the balance between social influence and economic returns.He also urged the country's cultural sector to correctly handle the relationship between cultural development and the use of science and technology while fostering new talent with knowledge from multiple fields.

HONG KONG, April 16 (Xinhua) -- A volunteer from Hong Kong who lost his life on Wednesday when rescuing others in the earthquake- hit Qinghai province of China, has been recommended for a gold medal for bravery at home, local authority said on Friday.Wong Fu-wing, a 46-year-old volunteer, escaped from the earthquake on Wednesday morning but returned to rescue the trapped orphans and teachers in the orphanage where he worked in Yushu county of Qinghai province. He was critically injured by falling debris in a powerful aftershock.Tsang Tak-sing, Secretary for Home Affairs Bureau of Hong Kong Special Administrative Region (HKSAR) government, said on Friday that Wong has been recommended for the Medal for Bravery of Hong Kong.The Medal for Bravery (Gold), created in 1997, is the first rank in the Order of the Medal for Bravery, awarded for acts of gallantry of the greatest possible heroism or of the most conspicuous courage in circumstances of extreme danger.Chief Secretary Hengry Tang Ying-yen said Thursday that Wong's selfless sacrifice deserved the highest respect and expressed condolences to his family.Wong's family members departed from Hong Kong to the disaster zone of Qinghai province on Thursday to collect his remains. An officer from Hong Kong's Beijing Office was heading to Qinghai on Friday to meet Wong's family and assist local authorities. The Immigration Department of Hong Kong has offered help to the deceased's family members in Hong Kong.The death toll climbed to 1,144 and another 417 people remained missing as of 5 p.m. Friday, after a devastating earthquake shook a Tibetan area in northwest China's Qinghai Province.The 7.1-magnitude earthquake, which shook the Yushu County in the Tibetan Autonomous Prefecture of Yushu at 7:49 a.m. Wednesday, has left 11,744 people injured, including 1,192 serious cases.