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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.

SHANGHAI, June 5 (Xinhua) -- Cities should facilitate interaction and provide spaces so people can bond, says Chui Huili, director of the Taiwan Pavilion at the Shanghai World Expo.The Taiwan Pavilion, a transparent cube with a huge globe suspended in its center, consists of three layers: a dome-screen cinema showcasing scenes from Taiwan, a platform to "fly lanterns" -- a traditional way to pray for luck, and a huge tree made of bamboo, providing shade for people to sit, chat, taste Kung Fu tea and listen to folk music."Though the Taiwan Pavilion is relatively small, what makes us stand out is that the whole trip is accompanied by guides and we allow in only 40 visitors at most each time, making it possible for each visitor to enjoy their time and space the fullest, in the 20-minute tour," Chiu says.The pavilion, 650 meters wide and about 24 meters high, is mainly made of steel and glass, with the outlines of the island's iconic mountains painted on the facade and water from Taiwan's Sun Moon Lake forming a pool, Chiu says.An elevator first takes you to the third floor for a dome-screen film showcasing tourist attractions in Taiwan including Sun Moon Lake, Ali Mountain and Jade Mountain. Chiu calls it their "future cinema" as spectators could watch three-dimensional images without wearing 3D glasses and get the feeling they were walking in a film.The second floor provides a multimedia lantern-flying ceremony for at most 40 visitors. They can select "wishes" through touching screens and trigger off LED lanterns that light up the center globe. The wishes favored by visitors include "love and peace," "best wishes come true" and "happiness and health."Spiraling down the pavilion, you come to the last stop: a huge banyan tree made of bamboo knitted together. There a Taiwan artist will play the guqin, a traditional musical instrument, while visitors sit chatting and sip Kung Fu tea."The third floor represents technology. The second floor is about cities' application of technology or the connection between technology and cities. But all these should serve the most important things in cities: people's hearts," Chiu says.Chiu believes cities should facilitate interaction between people. "Most villagers keep a big tree in front of their houses in traditional rural Taiwan, providing places for villagers to drink tea, chat and sing or listen to folk songs," Chiu says."Similar places are necessary in cities to bond people together," he says.Zhao Qiang, a visitor from Kaifeng in Henan Province, says, "I felt like I was really walking through Taiwan's sceneries in the dome-screen film ... It was terrific. I will definitely take my family to go sight-seeing in Taiwan after the visit."Zeng Heng, a visitor from Taiwan, queued for almost three hours before entering the Taiwan Pavilion. "The Taiwan Pavilion is small and the most exquisite of all 12 pavilions I've visited. The sky lantern allows visitors to interact with the culture," Zeng says.Chiu believes the Taiwan Pavilion can boost tourism in Taiwan and serve as a remarkable platform for cross-Strait peoples to understand each other better through interaction and exchanges.The Shanghai Expo, opening on May 1, had received 10 million visitors as of midday Saturday, the event's organizers said.

BEIJING, April 9 (Xinhua) -- Visiting U.S. Under Secretary of State Robert D. Hormats said here Friday he is very optimistic the United States and China could address problems in a constructive way.He made the remarks when delivering a speech at the China Institute of Contemporary International Relations. Hormats, who once served as a senior economics advisor to Dr. Henry Kissinger, has visited China many times.He hailed the U.S.-China relationship that has witnessed "remarkable development" since the two countries forged diplomatic ties.But that does not mean there are no differences or competition between the United States and China, he added.Still, when looking back, the differences the two countries have been resolved in a constructive way, he said.The two countries' leaders understand they need to get along, he said.Hormats has made the visit to China amid calls in the United States for China to let its currency, the yuan, appreciate in value against the dollar.He said the United States commends China for its efforts to undertake rebalancing in China, and "we think China had made great progress.""We do not regard the competition with China as a zero-sum game," Hormats said, adding that strong growth in China helps the United States.The U.S.-China relationship is extremely important, and the two countries have a great opportunity now to do things in their common interests, he said.At the upcoming Nuclear Security Summit in Washington, Chinese President Hu Jintao and U.S. President Barack Obama will meet while the second China-U.S. Strategic and Economic Dialogue will take place in May.Hormats also said the two countries need to enhance collaboration within the global architecture, and expand cooperation in areas such as clean energy, innovation and economic rebalancing.Hormats will also attend the annual meeting of the Boao Forum for Asia (BFA) in China's southernmost Hainan Province.

BEIJING, April 12 (Xinhua) -- In a bid to further regulate the selection and promotion of government and Party cadres, the Communist Party of China (CPC) turned to the public for help in its four newly released documents."One breakthrough of these rules is we shift the focus from simply supervising the procedures of cadre selection and promotion to also weighing in what the colleagues and the locals think about," said a statement released Monday by the Organization Department of the CPC Central Committee.The four documents, promulgated on March 31 by the General Office of the CPC Central Committee, cover the selection and auditing of officials and set out penalties for those found guilty of misconduct in the selection and promotion of government and Party cadres.According to the new rules, personnel departments should consult staff within the organization on every newly appointed officials. The results, paired with local Party committees' official report on personnel changes, will be submitted annually to superior Party committees' for review.These opinions will also be incorporated into the work evaluation of officials in charge of local cadre selection and promotion.In serious cases, leading officials in the Party committees who misuse their power and violate CPC regulations on the selection and appointment of Party and government cadres could be dismissed from their posts, demoted, transferred to other posts, or asked to resign.To better solicit public opinions, Party committees at provincial levels across the country are moving to open online service and telephone hotline for whistleblowers to report such violations.According to the rules, personnel departments must carry out investigation based on detailed reports from the public and the media.

YUSHU, Qinghai, April 16 (Xinhua) -- The death toll from a 7.1-magnitude earthquake in northwest China's Qinghai Province has risen to 760, rescuers said Friday.The latest statistics show that 243 people were missing and 11,477 injured, 1,174 severely, said a spokesman with the rescue headquarters in in the Tibetan Autonomous Prefecture of Yushu in southern Qinghai.A total of 4,200 injured people have been discharged from hospital, he added.Rescuers search for survivors at a collapsed building in Gyegu Town of Tibetan Autonomous Prefecture of Yushu, northwest China's Qinghai Province, April 15, 2010. Thousands of rescuers fought altitude sickness, chilly weather, strong winds and frequent aftershocks Thursday to dig through rubble and reach survivors of a strong earthquake that has left 760 dead in northwest China. At least 7,093 rescuers were carrying out search and rescue operation in the Gyegu Town, the seat of the Yushu prefecture government, according to previous statements from the headquarters.More rescuers were en route to the town that is close to the epicenter and home to 100,000 residentsThe quake struck the Yushu County in the Yushu prefecture at 7:49 a.m. Wednesday with a depth of about 33 km. The epicenter was calculated to be 33.1 north and 96.7 east, the China Earthquake Networks Center reported.A series of aftershocks have been reported so far, with the biggest being at 6.3 magnitude.The epicenter is at the Rima Village in the Shanglaxiu Township, a pasturing and sparsely-populated area about 50 km west of Gyegu and about 800 km away from the provincial capital Xining.Many people are still buried in the debris as more than 85 percent of houses in Gyegu, mostly made of mudbrick and wood, had collapsed.