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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 13 (Xinhua) -- China's housing authorities on Monday urged local governments to put more efforts into the building of low-income housing.The national goal for 2010 is to build 3 million apartments for low-income families, renovate 2.8 million in urban shantytown areas, and expand renovation of dilapidated houses in rural areas, an unidentified official with the Ministry of Housing and Urban-Rural Development (MOHURD) told a teleconference.The ministry urged governments at all levels to strictly implement preferential policies in land provision, funding, tax reduction and credit support for low-income housing projects, to ensure the realization of the annual construction goals.MOHURD also called for efforts to curb the precipitous rise of housing prices in some cities by increasing the supply of small and medium-sized houses and to rein in the speculation on rising house prices.

BEIJING, May 10 (Xinhua) -- China will conduct consultations with the European Union on the steel fastener trade dispute in line with the rules of the World Trade Organization's disputes settlement system, said an official with the Ministry of Commerce Monday.China's anti-dumping investigation into carbon-steel fastener imports from the EU was based on Chinese regulations and the assessment of the harm to the domestic industry, said the official.The remarks came after the EU filed a complaint Sunday against China at the World Trade Organization over Beijing's decision to impose anti-dumping measures against carbon-steel fastener imports, which included self-tapping screws, bolts and gaskets.Chinese fastener importers were required to pay a deposit to customs based on the margins -- ranging from 16.8 to 24.6 percent -- between the normal value of the products and the alleged dumping price since Dec. 28, 2009.Initial investigations by the Chinese authorities showed the EU had allegedly dumped carbon-steel fasteners on the Chinese market, which caused substantial damage to the local industry.The temporary anti-dumping measures were adopted to safeguard the legitimate rights and interests of the domestic producers, the official said.China started an anti-dumping probe into EU carbon steel fasteners on Dec. 29, 2008, after an application for a probe by the fastener branch of the China General Machine Components Industry Association on behalf of Chinese fastener producers.

BEIJING, June 5 - Environmental protection is about choosing the right path for economic growth and the right consumption model, beyond pollution control, environment minister Zhou Shengxian said on Friday."We have not successfully put the brakes on severe pollution - a result of the country's vulnerable ecosystems, large population, extensive economic growth that relies heavily on resource consumption and unsound environmental supervision systems," said Zhou at a ceremony to mark World Environment Day, which falls on Saturday.The country needs to step up its green economic policies to facilitate the shift to a "highly effective and low-emission" growth mode, Zhou said.To that effect, the Ministry of Environmental Protection will continue to promote the reform of energy use and pricing to reflect market demand and supply, resource shortages and environmental prices, he said.A tax system that encourages energy saving and environmental protection will be established, and the existing environmental economic policy tools, such as green security, green purchase and green trade, will be improved, Zhou said.Encouraging a green lifestyle has also been highlighted as a crucial measure to curb excessive consumption and reduce emissions.Consumption choices, such as preferences for smaller cars and energy-efficient appliances, could have deep impact on green production, analysts have said.Faced with mounting challenges to fight the country's environmental problems, Zhou was particularly concerned that with the strong economic rebound, emissions may rise again as production capacity expands.

BEIJING, June 3 (Xinhua) -- Chinese Premier Wen Jiabao returned to Beijing Thursday evening after official visits to the Republic of Korea (ROK), Japan, Mongolia and Myanmar.During the tour which started on May 28, Wen also attended the third three-party leaders' meeting of China, the ROK and Japan in ROK's Jeju island.Wen's entourage also came back to Beijing.

来源：资阳报