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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. 15 (Xinhua) -- China's consumer price index (CPI), a main gauge of inflation, rose 2.4 percent year on year in March, the National Bureau of Statistics (NBS) announced here Thursday.The figure was 0.7 percentage points lower than the previous month, and for the first quarter, it was up 2.2 percent.The producer price index (PPI), a major measure of inflation at the wholesale level, rose 5.9 percent in March from a year earlier.China's PPI went up 5.2 percent year on year in the first quarter, said NBS.

NINGBO, Zhejiang, May 16 (Xinhua) -- European customers benefit from Chinese exports and all parties should work to build a fair, level playing field in international trade, said a senior official of the European Commission in an exclusive interview with Xinhua here on Sunday."We are working to create a level playing field which gives opportunity, diversified choices and good prices to our customers," said Neelie Kroes, Vice President of the European Commission, the executive arm of the European Union, in a forum on the sidelines of the Expo 2010 in Shanghai.Kroes said international trade was a bit comparable to road traffic. "Most of us respect the rules of the game, but if one or two are not respecting the rules and the red lights, there will be an accident," she said.In the case of China-EU trade relations, "most of the parties in the games are respecting the rules, and only one percent is not taking the rules into account, and that is the subject that we called anti-dumping," she said.Recently, China-EU trade relations were marred by a dispute over imports of certain Chinese-made shoes with EU ministers voting last December to extend import duties on Chinese shoes for another 15 months.Earlier last month, the European Commission rejected a complaint by China to the World Trade Organization that EU's anti-dumping tariffs on imports of Chinese shoes breached WTO rules."Making shoes is a traditional skill of my village and we are good at making shoes. I don't understand why they applied the anti-dumping measure against us, " said Gao Hua, a small-sized shoe manufacturer in Wenzhou, to the south of Ningbo of Zhejiang where the Expo forum was held.The Federation of European Sporting Goods Industry (FESI) said in March that it had started legal action against the European Union over its decision to extend anti-dumping duties on shoes imported from China and Vietnam.The FESI said in a statement that the European Commission's decision to extend duties on imported Chinese and Vietnamese leather footwear was based on a misguided investigation and analysis.It was unfair to single out the one percent that didn't obey the rules, Kroes said. The 27-member EU is China's biggest trade partner. China is the EU's second-biggest trade partner and is its biggest source of imports.China's main exports to Europe are machinery and domestic goods, including clothes and shoes. While the EU's main exports to China include industrial machinery, transport equipment, chemicals and high-end consumer goods."99 percent of European people are delighted to have Chinese goods and the EU's import from China is beneficial to EU consumers, and it also help keep European producers awake and competitive," Kroes said.FESI, whose members include top sports footwear brands such as Adidas, Puma, Nike, Lacoste and Asics, said the duties had cost the industry nearly 1 billion euros (.36 billion) since being introduced in 2006, according to the statement.

MOSCOW, May 8 (Xinhua) -- Chinese President Hu Jintao and Russian Prime Minister Vladimir Putin met here Saturday and agreed to further enhance the strategic relations of cooperation and partnership between their two countries.President Hu is in Moscow for celebrations marking the 65th anniversary of the victory of the Great Patriotic War over Nazi Germany.At the meeting, Hu said that both China and Russia made great historic contributions to the victory of the World Anti-Fascist War and China takes the same stance toward the history of World War II as Russia. Chinese President Hu Jintao (L) meets with Russian Prime Minister Vladimir Putin in Moscow, May 8, 2010.China and Russia should strengthen communication and coordination to firmly safeguard the truthfulness and seriousness of history, Hu said, adding that China would like to work together with Russia to hold a series of events to mark the 65th anniversary of the victory of the World Anti-Fascist War.Hu told Putin that China-Russia relations are now enjoying a sound momentum of development and the two countries have made much headway in their cooperation in all fields.The two countries have also had close interaction and coordination in dealing with international and regional affairs, he said.

SUZHOU, April 3 (Xinhua) -- China's police chief Meng Jianzhu Saturday called for nationwide coordination to beef up security for the Shanghai World Expo, which runs from May 1 to Oct. 31.Meng, a State Councilor and Minister of Public Security, made the call in a inspection tour to Suzhou city in Shanghai's neighboring province Jiangsu, where he urged police in Shanghai and its adjoining provinces to execute more security efforts.He asked the police in Shanghai, the provinces of Jiangsu and Zhejiang to fully recognize the challenge and complexity of the security work, and to speed up the building of a coordination mechanism among them.Security departments must step up efforts to detect and remove all kinds of security threats, be fully prepared for challenges, and minimize the affect of the security work on people's lives, he said.