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BEIJING, Aug. 22 (Xinhua) -- China's consumer price index (CPI), one of the main gauges of inflation, will peak in August before starting to fall in the following months of the year, an economist said Sunday."The CPI is likely to surpass 3.3 percent in August but that will be the highest level for the year," said Lian Ping, chief economist at Shanghai-based Bank of Communications.He said commodity prices will remain relatively low in the short term as market concern about a weak economic recovery linger and as the European debt crisis spreads.Chinese inflation will also ease due to China's slower economic growth rates and a fall in the price of industrial goods, Lian added.However, long-term inflationary pressures cannot be ruled out, due to potential rises in the cost of food, labor and natural resources, he said.Lian said he expects inflationary pressures to grow in March and April next year.Largely on the back of rising food prices after widespread flooding wrecked crops and disrupted shipping, China's July CPI rose 3.3 percent from a year earlier, the fastest rate since October 2008.The CPI for the first seven months of the year stood at 2.7 percent, below the whole-year target of 3 percent.

YUSHU, Qinghai, July 23 (Xinhua) -- The Gross Domestic Product (GDP) of the quake zones in China's far northwestern Qinghai Province would be quadrupled by 2015 on the basis of that of last year, Luo Huining, governor of the province said here Friday."By the end of China's 12th Five-Year Plan (2011-2015), the GDP in Qinghai quake zones would reach four times as much as that of 2009, with the service industry accounting for 45 percent of it," Luo said during an exclusive interview with Xinhua, exactly 100 days after a 7.1-magnitude earthquake struck Yushu in April.The earthquake left 2,698 people dead and 270 missing.Luo said local authorities would focus on improving public services and promoting urbanization of the quake zones during the reconstruction phase.According to Luo, authorities would try to help all farmers and herdsmen in the region settle down within three years, upgrade their housing facilities, and provide them with basic access to safe drinking water."By the end of this year, local government would invest 5.55 billion yuan to rebuild 80 percent of farmers' houses in the quake zones," Luo said. Total investment in housing reconstruction in the regions would reach 9.6 billion yuan within three years.

GENEVA, July 20 (Xinhua) -- Top Chinese legislator Wu Bangguo held separate talks here Tuesday with parliamentary leaders from South Africa, the Democratic People's Republic of Korea (DPRK) and Kazakhstan and the chief of the World Health Organization (WHO).During talks with Hon Max Vuyisile Sisulu, speaker of South Africa's National Assembly, Wu, chairman of the Standing Committee of the National People's Congress (NPC) of China, said that the peoples of China and South Africa share a deep, traditional friendship.Wu said the two countries have seen their ties develop in a rapid and all-round way since the establishment of diplomatic relations.The two nations have carried out frequent high-level exchanges, with their mutual political trust gradually building up, Wu said.Wu Bangguo (L), chairman of the Standing Committee of China's National People's Congress (NPC), meets with Max Sisulu, speaker of the National Assembly of South Africa, in Geneva, Switzerland, July 20, 2010.Wu added that the two countries have also shared understanding and support on issues concerning each other's core interests and maintained close coordination and cooperation on significant international affairs.Noting that economic and trade cooperation continues to expand and that people-to-people exchanges are also gaining momentum, Wu stressed that all those efforts have brought visible and practical benefits to the two countries and their people.China attaches great importance to promoting its relationship with South Africa, and at a time when the international situation is undergoing deep and complex changes, relations between the two big developing countries have transcended the bilateral category and gained increasing global and strategic significance, Wu said.Expressing hope that the two sides can join hands in enhancing their strategic partnership, Wu emphasized that the NPC is ready to consolidate friendly cooperation with South Africa's National Assembly and deepen their coordination and cooperation in international and regional parliamentary organizations.The two legislatures should also work together with their counterparts in other developing countries to call for more attention on development and express their resolve to realize the UN Millennium Development Goals (MDGs), Wu said.For his part, Sisulu said that China is an very important nation on the international stage and an important cooperation partner of South Africa.South Africa's government, parliament and political parties are committed to promoting ties with China, and are hoping for more friendly exchanges and cooperation with China in more areas, he stressed.Sisulu said that a closer relationship with China will benefit South Africa's economic development and enable his country to better cooperate with China in handling global challenges and defending the interests of developing countries.

BEIJING, Aug. 5 (Xinhua) -- They chart the highs and lows of an eventful six months, covering issues and events that brought people together across borders and divided them in debate.They are the top 10 buzzwords of the first half of 2010, compiled from 16 leading Chinese newspapers.The list was jointly released by the National Language Resource Monitoring and Research Center, Beijing Language and Culture University, the Chinese Information Processing Society and the China Association of Press Technicians.EARTHQUAKEA devastating earthquake hit Haiti in early January, leaving around 230,000 people dead.Another serious quake hit Chile shortly after.And on April 14, almost two years after the devastating south China earthquake of May 12, 2008, a 7.1-magnitude quake left at least 2,698 people dead and 270 missing in the Tibetan Autonomous Prefecture of Yushu in the northwestern Qinghai Province.Immediately after the quake, rescuers joined the race to find survivors while medical workers battled freezing temperatures and low oxygen to save lives.Millions of people donated money and materials with a total value of 8.5 billion yuan (1.25 billion U.S. dollars) by the end of last month.SHANGHAI EXPOThe 2010 World Expo in Shanghai is the first World Expo in a developing country since its debut in London in 1851.The Chinese government has invested billions of yuan in infrastructure and services for the six-month event that opened on May 1.The Shanghai Expo is the largest in Expo history with 189 countries and 57 international organizations participating.By July 29, around 34.5 million people had visited the Expo, leading to a shortage of pavilion entrance tickets and long queues.

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