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BEIJING, Nov. 3 (Xinhua) -- The Consumer Price Index (CPI), the main gauge of inflation in China, is likely to rise 4.1 percent in October after accelerating to a 23-month high of 3.6 percent in September, the Bank of Communications forecast on Wednesday.The bank, China's fifth largest lender, said in a report that the index would see moderate dips in the coming two months amid decreasing demand due to the slowing economy.But oversupply of liquidity at home, surging food prices, rising labor costs, and pressures caused by imported inflation would mean very limited room for the index to drop, the report said.The report predicts China's CPI would rise 3.1 percent for the entire year of 2010, topping the government's target to keep the inflation rate under 3 percent.It also forecast food prices would rise further during the first half of 2011.Food prices, which account for one-third of weighting in calculating the CPI in China, climbed 8 percent in September, pushing the CPI to the highest level in nearly two years. Food prices had risen 7.5 percent in August, 6.8 percent in July, and 5.7 percent in June.
BEIJING, Oct. 4 (Xinhua) -- A 66-member Chinese rescue and relief team sent to provide immediate assistance to flood ravaged Pakistan returned from the Pakistani port city Karachi to Beijing by charter flight Monday, officials said.China sent two rescue and relief missions to flood-afflicted Pakistan since the end of July when floods began taking their toll, said officials from China Southern Airlines Company Limited, which transported the team.The return of these 66 members, including medical workers, experts from the China Earthquake Administration, rescue soldiers as well as journalists, marked the end of the two rescue missions, noted officials.In response to the worst flooding in Pakistan's recent history, China's help included monetary assistance, urgently needed relief goods delivered directly to affected areas, a convoy of 101 trucks to the northern parts of Pakistan, two rescue and relief missions for providing medical relief to the victims, four military helicopters for carrying out rescue missions and an additional 200 million U.S. dollars for post-disaster reconstruction besides the previous 320 million yuan (47 million U.S. dollars) worth of humanitarian supplies.
HANOI, Oct. 29 (Xinhua) -- The cooperation among China, Japan and the Republic of Korea (ROK) is an important part of East Asian cooperation, and the correct direction of the tripartite cooperation should be firmly kept from a strategic perspective, Chinese Premier Wen Jiabao said Friday at a meeting of leaders of the three countries.The cooperation among China, Japan and the ROK, an important part of East Asian cooperation, has been developing soundly with the efforts of the three countries, Wen said when meeting with South Korean President Lee Myung-bak and Japanese Prime Minister Naoto Kan.The three countries should attach strategic importance to the cooperation among them and steer it in the right direction. Efforts should be made to constantly push forward the cooperation by promoting dialogues, boosting mutual trust and resolving differences, he said.Chinese Premier Wen Jiabao (R), Japan's Prime Minister Naoto Kan (L) and South Korea's President Lee Myung-bak pose for a group photo during their trilateral summit meeting in Hanoi, capital of Vietnam, Oct. 29, 2010.Wen proposed that the three countries push for the completion of the joint study on the China-Japan-ROK free trade area (FTA) by the government, industry and academia by 2012 as planned.He also proposed that the three countries observe the principle of pragmatism and flexibility to properly resolve the differences and conclude a tripartite investment agreement at an early date.The three sides should also boost cooperation in science and technological innovation in key sectors such as energy conservation, environment protection, new energy resources and renewable energy, he said.
BEIJING, Sept. 10 (Xinhua) -- Senior Communist Party of China (CPC) leader Zhou Yongkang said here Friday that China-South Africa relations have never been so good.Zhou, member of the Standing Committee of the CPC Central Committee Political Bureau, made the remarks when meeting with South African Minister in the Presidency Trevor Manuel.Hailing South African President Jacob Zuma's visit to China in August, Zhou said bilateral cooperation in trade and economy, culture, justice and security had maintained sound momentum.During Zuma's visit, the two countries signed the Beijing Declaration, in which they announced the establishment of the "comprehensive strategic partnership" and mapped out cooperative framework over the next 10 to 15 years.Zhou said he hoped China and South Africa could further implement consensuses reached by leaders of the two countries.Manuel, also in charge of South Africa's National Planning Commission , said he was responsible for the next 15-year plan of South Africa's development, and hoped to learn more from China's success in development.Zhou said China was willing to expand exchanges with South Africa in this regard, as China was working on formulating the 12th Five-year Plan (2011-2015).China became South Africa's largest export destination at the beginning of 2009, and remained South Africa's largest import partner.