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BEIJING  -- The Industrial and Commercial Bank of China (ICBC) is forecasting an 8 percent increase in the country's Consumer Price Index (CPI) for the first quarter of 2008. The official government figures come out in mid-April.The bank said in a report issued on Thursday that the CPI would hit 8.2 percent in March, slightly down from the previous month as the effects from the snow chaos that hit China earlier this year died away.Inflation in China took its biggest jump in nearly 12 years in February when it rose 8.7 percent compared to the same period a year earlier. Food prices surged 23.3 percent while non-food prices edged up 1.6 percent from the year earlier period.Inflation was mainly fueled by rising food and energy prices in the global market, and compounded by domestic factors that included increased costs and a strong demand, the report said.The new round of global grain price rises, including rice and wheat, might add more pressure to the government's anti-inflation efforts.However, the inflation index would start decelerating in the second half of 2008 as the government's macro controls took effect. The continued global slowdown also weighed on demand and could gradually pull down prices, the report said.China rolled out a series of measures to fight inflation after the government was reshuffled last month. Among the latest moves was an increase in farm subsidies to boost production and curb grain price hikes.

BEIJING, July 3 (Xinhua) -- A senior Chinese diplomat on Thursday urged developed and developing countries to work on common policies and cooperation to address the global challenges such as climate change and food security.     "China values dialogue between the Group of Eight (G8) and developing countries", Assistant Foreign Minister Liu Jieyi said at a briefing on President Hu Jintao's attendance at the Outreach Session of the G8 Summit.     At the invitation of Japanese Prime Minister Yasuo Fukuda, Hu will attend the Outreach Session of the G8 Summit in Japan from July 7 to 9.     The G8, comprising the United States, Britain, Germany, Canada, France, Italy, Japan and Russia, holds a summit each year.     Liu said the issues to be discussed would be "important" and "urgent", and he hoped the meeting would promote the dialogue between South and North, step up multilateral cooperation to resolve global issues and ensure lasting peace and common prosperity. A briefing on President Hu Jintao's attendance at the Outreach Session of the G8 Summit is held in Beijing, July 3, 2008    Liu said China had been cementing dialogue and exchanges with the G8, citing the fact that Hu had participated in the past four dialogues among leaders of the G8 countries and developing countries.     China was involved in the ministerial meetings between G8 and developing countries focusing on finance, environment, development, science and technology, and energy, Liu added.     Hu would participate in a joint meeting with leaders from India, Brazil, South Africa and Mexico, attend in a summit of G8 countries and five developing countries, and take part in a meeting of leaders from the major economic powers to discuss energy security and climate change.     "President Hu will also attend a working lunch to discuss issues of common concern such as the world economic situation, food security and development", Liu said.

ZHENGZHOU, Sept. 10 (Xinhua) -- Chinese President Hu Jintao visited a special education school and a rural middle school in the central Henan Province to mark the country's 24th Teachers' Day, which falls on Wednesday.     At the Zhengzhou Deaf-Mutes School in the provincial capital, Hu, also general secretary of the Communist Party of China (CPC) Central Committee, commended the teachers for bringing sunshine and hope to the handicapped children with their love and hard work.     He said the cause of special education deserved respect from the whole society, urging the 110-strong faculty members to give more care and even better education to the children for their healthy growth. Chinese President Hu Jintao (R Front) shakes hands with a teacher as he visits Gaomiao Middle School in Qinghua Town of Bo'ai County under Jiaozuo City, central China's Henan Province. President Hu Jintao made an inspection tour in Henan Province from Sept. 8 to Sept. 10In the classrooms, the president told the students about the significance conveyed by the ongoing Beijing Paralympic Games, and encouraged them to build themselves a bright future with the help of the society and the teachers.     On Tuesday morning, Hu also visited a rural junior high school called the Gaomiao Middle School, in Qinghua Township, Jiaozuo City.     He sent his greetings to the teachers, saying their diligent work has helped many children from the countryside realize their dreams.     He promised to further improve rural teachers' working and living conditions and told them to foster more talents for the country. Chinese President Hu Jintao (C) shakes hands with a teacher as he visits a school for blind, deaf and dumb students in Zhengzhou, capital of central China's Henan Province, on Sept. 10, 2008, the 24th Teachers' Day of China. President Hu Jintao made an inspection tour in Henan Province from Sept. 8 to Sept. 10Hu also expressed concern about children left behind by parents who were working in cities as migrant workers, saying the country was taking measures to give them better care.     The president also visited the school kitchen and the students' dormitory, telling the school to take good care of their life.     After playing together with the students on the playground, Hu talked with student Huang Zaizhen, encouraging him to study hard to become a person of use for his hometown and for the homeland.     He led the students in the applause in honor of the teachers. Chinese President Hu Jintao (C) shakes hands with a teacher as he visits a school for blind, deaf and dumb students in Zhengzhou, capital of central China's Henan Province, on Sept. 10, 2008, the 24th Teachers' Day of China. President Hu Jintao made an inspection tour in Henan Province from Sept. 8 to Sept. 10

BEIJING, June 22 (Xinhua) -- Shang Fulin, chairman of the China Securities Regulatory Commission (CSRC), on Sunday vowed to deepen reform and boost regulation to promote a stable and healthy development of the capital market.     The CSRC would rationally balance the market supply and demand, and regulate the pace of fund-raising, Shang told an interior meeting in Beijing.     The stock regulator would encourage and steer funds into the market for long-term investment and gradually improve the inner market stabilizing mechanism.     China's benchmark Shanghai Composite Index have fallen 54 percent from its all time high in mid October 2007. The steep decline came amid fears that the tightening measures would erode corporate profits and the equities supply would overwhelm demand.     Analysts said the regulator has been delaying approvals of initial public offerings over the past couple of months to stabilize market that was hard-hit by weak investor sentiment.     Shang noted the CSRC would boost cooperation with the prosecutors on crackdown on market manipulation, irregular information disclosure, and false information and rumors distributed to manipulate stock prices. Shang Fulin, chairman of the China Securities Regulatory Commission (CSRC)(    It would also cooperate with other financial regulators to closely watch the impacts of the domestic and overseas economic operation and the global financial market on the domestic capital market.     Shang said that during the process of market correction, some people deliberately spread rumors that disrupted market orders and increased volatility.

BEIJING, Oct. 13 (Xinhua) -- Over 500 participants of Asian and European Non-Governmental Organizations (NGOs) gathered here on Monday for a three-day forum to discuss issues covering social and ecological justice.     Addressing the opening ceremony of the seventh Asia and Europe People's Forum (AEPF), Chinese Foreign Minister Yang Jiechi believed the forum participants would follow the principle of equality and mutual respect, fully exchange views on subjects related to the theme of the meeting, seek common ground while putting aside differences, increase consensus, make constructive contributions and work together to make the event productive. The photo shows ageneral view of the opening ceremony of the 7th Asia-Europe Peopl's Forum in Beijing, capital of China, on Oct. 13, 2008. More than 500 non-governmental delegates from Europe and Asia participate in the forum that aims to promote social justice and enviromental protections.Its theme, "For social and ecological justice," covers a range of issues, including the Millennium Development Goals, climate change and ecological justice, social security in Asia and Europe, women's participation in political affairs, rights of the disabled and counter terrorism, all of which are common challenges confronting countries in Asia and Europe.     "I hope the participants will conduct in-depth discussions on these issues in a pragmatic manner and come up with practical and feasible suggestions that will serve as important policy reference for the upcoming Seventh Asia-Europe Meeting (ASEM)," Yang noted.     Asian and European leaders from more than 40 countries will gather in Beijing on Oct. 24 for the two-day ASEM Summit under the theme of "Vision and action towards a win-win solution."     "The Chinese side attaches great importance to the summit and is making active preparations for it," Yang said. Chinese Foreign Minister Yang Jiechi speaks during the opening ceremony of the 7th Asia-Europe Peopl's Forum in Beijing, capital of China, on Oct. 13, 2008. More than 500 non-governmental delegates from Europe and Asia participate in the forum that aims to promote social justice and enviromental protections.    "We hope the summit will help increase mutual understanding and trust and enhance multilateralism through extensive and in-depth political dialogue between Asia and Europe, advance globalization for mutual benefit and a win-win outcome, promote sustainable development and social harmony," he noted.     The ASEM Summit would produce fruitful results and contribute to the peace and development of the world and the well being of the people of both Asia and Europe, Yang said.     The forum, since its inception, had done much in promoting sustainable environmental, social and economic development, protecting the economic, social, cultural, civil and political rights of the people in Asia and Europe, and facilitating the participation of various sectors of society in the ASEM process, according to Yang.     The forum had put forward many good proposals that have attracted the close attention of ASEM, and contributed its share to Asia-Europe cooperation, Yang said.     "The Chinese government supports social organizations in China in their effort to fully participate in the activities of this forum, express the aspiration of China's social organizations, offer good opinions and suggestions and make constructive contribution to greater mutual understanding and friendship among people in Asia and Europe, closer solidarity and cooperation between Asia and Europe and in-depth growth of a new type of comprehensive partnership between the two regions."     The government would continue to give vigorous support to Chinese social organizations in conducting closer exchanges and cooperation with their counterparts from across the world and to facilitate their participation in international exchanges so they can play an even greater role in promoting mutual understanding and friendship between Chinese and people of other countries and in the building of a harmonious world, Yang noted.     He believed the forum would "play a positive role in promoting people-to-people exchanges and cooperation between Asia and Europe and in pushing forward the ASEM process." In addition, the forum would also make a unique contribution to maintaining world peace, stability and prosperity and promoting human progress and development, he said.     Zhang Zhijun, president of the China NGO Network for International Exchanges (CNIE), said the forum was faced with good opportunities at the present time when Asia and Europe enjoyed increasing cooperation.     The forum should continue to exert its own characteristics to strengthen understanding between Asian and European peoples, Zhang said.     He said the forum was a platform for exchanging experiences and ideas, for seeking solutions to some difficult issues, and for enhancing the healthy growth of Asian-European cooperation.     Zhang, on behalf of the organizing committee of the AEPF, expressed his gratitude for the Chinese government's support to the forum.