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BEIJING, Feb. 11 (Xinhua) -- The producer price index (PPI), a major measure of inflation at the wholesale level, rose 4.3 percent in January from a year earlier, the National Bureau of Statistics (NBS) announced Thursday.It quickened from 1.7 percent in December 2009 when the figure ended 12 months of decline.Analysts said the domestic price reform of major resource products and rising international commodity prices accelerated the PPI growth.In breakdown, the price of crude oil surged 70 percent, and that of raw coal was up 5.3 percent.Non-ferrous metal price rose by a quarter.

BEIJING, March 23 (Xinhua) -- China's year-on-year inflation rate was expected to be between 2 to 2.5 percent for the first quarter this year, the country's top economic planner said here Tuesday.The consumer price index (CPI), a main gauge of inflation, would see a "moderate increase" in the first quarter, the National Development and Reform Commission (NDRC) said in a statement on its website.China's CPI rose 2.7 percent from a year earlier in February, according to data from the National Bureau of Statistics.Food prices would begin to fall as the weather got warmer, said the statement. In February, food prices rose 6.2 percent from the previous year due to the Lunar New Year holiday and poor weather.The Lunar New Year holiday, or Spring Festival, is the most important traditional festival in China for family reunion. People usually spend a lot on food, alcohol, cigarettes and gifts during the period.The February CPI was within normal range, compared with the Spring Festival months in previous years, said Zhou Wangjun, deputy director of the Department of Prices of the NDRC.However, Zhou warned that there were still uncertainties in the price trend, including fluctuation in international commodities prices.China targets a consumer price rise of around 3 percent this year, according to a government work report delivered by Premier Wen Jiabao at the opening of the annual session of the National People's Congress earlier this month.

KAMPALA, Jan. 25 (Xinhua) -- Ugandan President Yoweri Museveni on Monday met officials of the China National Offshore Oil Corporation (CNOOC) amidst increased lobbying by international oil giants to enter the country's oil sector.A State House statement issued here said that the CNOOC officials who met Museveni at State House Entebbe, 40km south of the capital Kampala, expressed interest in joining Uganda's oil and gas sector by partnering up with Tullow, an Irish oil company.Tullow, which has oil blocks in western Uganda, is seeking a partner to help it start oil production in the country.The CNOOC meeting comes weeks after Italian oil giant, Eni Spa, also expressed interest in joining the country's oil sector, promising an oil refinery and a power plant.Eni wants to enter the sector by buying stakes of another oil company Heritage Oil which jointly operates two blocks with Tullow on a 50-50 percent venture.The Eni-Heritage deal which is yet to be concluded is embroiled in controversy as Tullow exercised a pre-emption move saying it has the first option to buy the Heritage stakes, a move the government said it would not accept because it would create a monopoly.Museveni told the CNOOC officials joined by Tullow officials that the government will discuss all proposals and announce its decision soon."President Museveni said that the government will discuss all proposals by companies operating in the oil and gas sector adding that the country looks forward to welcoming new companies," the statement said.The Museveni-CNOOC-Tullow meet also comes days after Aiden Heavey, Tullow's chief executive met Museveni urging Uganda to honor contractual obligations following the Eni-Heritage deal.Uganda's recently discovered oil is attracting a lot of attention from international oil giants.So far the country has discovered an estimated two billion barrels of oil and according to experts there is a possibility of discovering more.

BEIJING, Feb. 3 (Xinhua) -- Chinese Premier Wen Jiabao pledged Wednesday to continue China's support to Jamaica's economic development, saying the two sides should expand cooperation in infrastructure construction, mining and tourism.Wen made the remarks when meeting with his Jamaican counterpart Bruce Golding. Chinese Premier Wen Jiabao (R) shakes hands with Jamaican Prime Minister Bruce Golding at the Great Hall of the People in Beijing, capital of China, Feb. 3, 2010. "As the international financial crisis has posed severe impact on China and the Caribbean states, we should help each other, enhance cooperation, and jointly cope with challenges so as to consistently boost our friendly ties," Wen said.China's trade with Jamaica slipped by some 30 percent to 219 million U.S. dollars last year. However, China's imports from Jamaica nearly tripled year on year, according to Chinese custom figures. Chinese Premier Wen Jiabao (front R) holds a welcoming ceremony for visiting Jamaican Prime Minister Bruce Golding (front L) at the Great Hall of the People in Beijing, capital of China, Feb. 3, 2010.He called on the two sides to bolster cooperation in infrastructure construction, mining industry and tourism, and said China is ready to support more cultural, educational and sports exchanges with Jamaica."Jamaica is one of the first countries in the Caribbean region to establish diplomatic relations with the People's Republic of China, it always adheres to the one-China policy, and the two peoples have friendly feelings toward each other," Wen told Golding, who is on his first official visit to China. Chinese Premier Wen Jiabao(3rd L) talks with Jamaican Prime Minister Bruce Golding(3rd R) at the Great Hall of the People in Beijing, capital of China, Feb. 3, 2010Wen pledged to boost exchanges with Jamaica at various levels, enhance coordination on international affairs and jointly safeguard the interests of developing countries.On climate change, Wen vowed to strengthen contact with small-island countries in urging developed countries to carry out their obligations of providing fund, technology and support for capability building of developing countries."We comprehend and sympathize with the difficult situation small-island countries, including Jamaica, are in...and will jointly push forward international cooperation (in that aspect)," he said. Chinese Premier Wen Jiabao (5th R, standing) and Jamaican Prime Minister Bruce Golding (5th L, Standing) attend the signing ceremony of a series of cooperative documents after their meeting at the Great Hall of the People in Beijing, capital of China, Feb. 3, 2010.Golding hailed Jamaica-China exchanges and cooperation in politics, economy and humanitarian fields.He pledged to stick to the one-China policy and voiced hope to expand trade and economic ties, as well as consultation on international affairs, with China.China's prompt humanitarian aid to Haiti after the devastating earthquake last month indicated the friendship between Chinese and Caribbean people, he said.Golding appreciated China's responsible attitude in tackling climate change and pledged to further cooperation with China.Golding arrived in Beijing Monday. During his five-day trip, Golding is also expected to meet with Chinese President Hu Jintao and Vice President Xi Jinping.

MOSCOW, Jan. 16 (Xinhua) -- An assembly line of Chinese automaker Geely was officially launched in Russia's Caucasus republic of Karachay-Cherkessia, local media reported Saturday.     Russian car company Derways has started body welding and other assembling work of Geely-brand vehicles on Friday, according to Russian state TV channel Russia-24.     Some 1,100 units were expected to be produced by the end of February, the first batch of which will be delivered to Moscow by Jan. 20. The annual production of Geely will be no lower than 12,000 units.     Besides Geely, Derways was also scheduled to manufacture for other Chinese brands such as Li Fan, Great Wall Motors, Chery and Haima. The total annual output of the Derways company was estimated to reach 100,000 units.     Local residents could enjoy price discounts when purchasing these cars, according to the company, which also foresees a great demand of Chinese vehicles on Russian market.

来源：资阳报