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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.

BEIJING, July 6 (Xinhua) -- Hundreds of middle school students from Nanjing City, east China's Jiangsu Province, came to the Memorial Hall of the Chinese People's War of Resistance Against Japanese Aggression in Beijing Tuesday to mourn martyrs killed in the war."We came here to keep the past firmly in mind and cherish the present peace," said a student from the Second Foreign Language School of Nanjing.Temperatures in most parts of Beijing had risen to more than 39 degrees centigrade but even so the memorial hall was crowded with visitors from all over the country.The full-scale anti-aggression war started on July 7, 1937, when the Imperial Japanese Army bombarded the town of Wanping in suburban Beijing and advanced on the Lugou Bridge. The No. 29 Nationalists Corps fought hard to resist the siege, marking the official start of an eight-year resistance war.The Chinese resistance played a decisive role in inflicting heavy casualties on the Japanese. The Chinese people paid dearly for the victory, with an estimated 35 million casualties, including military and civilian, dead and wounded.The memorial has received more than 15 million visitors since it opened in 1987, said Li Zongyuan, deputy curator of the memorial hall.

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.

BEIJING, Aug. 1 (Xinhua) - China will deliver humanitarian aid worth 10 million yuan (1.48 million U.S. dollars) to flood-ravaged Pakistan, China's Ministry of Commerce (MOC) announced Sunday.The charitable assistance was offered to help Pakistan' s government fight the flooding and rescue victims, the MOC said in a brief statement posted on its website.The Pakistan government kicked off an emergency rescue and relief operation on July 30 after declaring an emergency in the flood-struck northwestern province of Khyber Pakhtunkhwa (KP).

BEIJING, Aug. 12 (Xinhua) -- China has decided to impose anti-dumping tariffs on pure terephthalic acid imported from Thailand and the Republic of Korea (ROK), the Ministry of Commerce (MOC) said Thursday.The five-year tariffs, ranging from 2 percent to 20.1 percent, took effect Thursday, the ministry said in a notice posted on its website.The MOC said the dumping of terephthalic acid on the China market had caused substantial damage to the domestic industry.The ministry started an anti-dumping probe into imports of the acid on Feb. 12, 2009.On Feb. 12, 2010, the MOC announced the the preliminary ruling of the investigation, which required importers of pure terephthalic acid from Thailand and the ROK to put down a security deposit.Terephthalic acid is an organic compound used in polyester coatings and resins.