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BEIJING, June 12 (Xinhua) -- China's top economic planner Saturday forecast a "mild" year-on-year rise in the consumer price index (CPI), a main gauge of inflation, in June, resulting in an average CPI increase of around 2.6 percent in the first half.The projection by the National Development and Reform Commission (NDRC) came one day after China released its latest economic data.The latest estimate was revised up from a 2.5-percent CPI rise the NDRC projected on May 18.China's CPI hit a 19-month high with a 3.1 percent year-on-year increase in May, surpassing the central government's targeted 3 percent annual inflation limit.During the January-May period, China's CPI rose 2.5 percent year on year.According to the NDRC's projection posted on its website, China's June CPI will dip slightly month on month, but still post a "mild year-on-year increase" due to the low comparison basis in the same month last year.The NDRC said positive factors for basic price stability were on the increase, citing sharp falls in international commodities prices, the government's macro control policies and a crack-down on farm produce speculation as well as a possible good grain harvest this summer.Sheng Laiyun, spokesman for the National Bureau of Statistics, said Friday at a press conference that China had the basics for keeping prices under control this year."Although China faces quite a lot of pressure, the 3-percent target (for the whole year) is still possible with effort," he said.
BEIJING, July 11 (Xinhua) -- Li Changchun, a senior leader of the Communist Party of China (CPC), on Sunday night called for more quality shows from private arts troupes to contribute to the development and the prospering of the country's socialist culture.Li, a member of the Standing Committee of the Political Bureau of the CPC Central Committee, made the remarks after watching a Shaoxing opera that ended the three-week show season by China's private arts troupes in Beijing.Shaoxing opera is a traditional Chinese local opera originating in east China's Zhejiang Province.Li stressed that privately-owned arts troupes can survive only when their plays satisfy the market and the public.He said he hoped private arts troupes would produce more competitive shows with a positive and healthy theme and grow stronger by winning public support.Private arts troupes must be treated equally in terms of professional evaluation, social security coverage and support of artistic creation as are those state-owned cultural companies, he said.

Xi'AN, July 18 (Xinhua) -- Chinese Premier Wen Jiabao said China's economic performance is consistent with the government's macro-economic controls while on a three-day visit to Xi'an, capital of northwest China's Shaanxi Province, that ended Sunday.Wen visited Shaanxi Automobile Group Co. Ltd. The 42-year-old company is one of China's top five truck producers.Wen inspected an assembly line that produces a heavy truck every six minutes. He also talked with workers and fitted wheels to a tractor truck under the workers' direction."We must maintain the continuity and stability of macro-economic policies to ensure favorable external conditions for enterprises. But a company's growth ultimately relies on its inner drive. Companies should improve quality, develop new products and expand their market," he said.Wen also visited Shaanxi Huasheng (Group) Corp. Fruit Co. Ltd., a high-tech agriculture company in the apple industry. The company has production bases in more than 20 counties."The global economy is recovering, but at a slow pace. There are many uncertainties. We should expand domestic demand while stabilizing overseas demand," he said."Only through sound and relatively fast economic growth can we ensure employment and facilitate the restructuring of the economic development mode," he said.Wen also visited the Sixth Research Institute of the China Aerospace Science and Technology Corporation and the Northwest Institute for Non-ferrous Metals Research."The world is experiencing a technological revolution and one of its key fields is materials technology. We must always remember that high technologies cannot be bought. We have to rely on ourselves," he said.Wen visited Zhujiang New Town, a residential community providing affordable housing for low-income groups. There, he entered the home of 72-year-old He Jing, a retired teacher.
CHENGDU, July 18 (Xinhua) -- At least 23 people have been killed and 30 are still missing as of Sunday evening after the worst rainstorm of the year lashed southwest China's Sichuan Province late Friday, the provincial civil affairs department said.More than 586,000 people were forced to evacuate their homes as torrential rains pounded 62 counties and cities in the province and triggered mountain torrents, landslides and house collapses, cutting off roads, electricity and communications in some regions.Half of the worst-hit Quxian County remains flooded, with water levels of up to 10 meters deep. The county is cut off from the outside world, with roads and railways flooded by waters, according to a spokesman with the department."We can only see the roofs of most riverside houses in Qujiang Town and Jubei Town," said Deng Yuhua, secretary of the county's Party committee.Further, rains are still pelting eastern parts of the province, which will probably aggravate the situation, said the spokesman.Flooding is forecasted to peak in Guang'an City, at the lower reaches of Qujiang River, on Monday.The provincial government has dispatched work teams and allocated emergency funds of 5 million yuan (about 730,000 U.S. dollars) to support flood relief operations.Parts of China experience heavy rains every summer, but this year's rains have been particularly devastating.Since the beginning of July, torrential rains and severe flooding has left 146 people dead and 40 missing and forced the evacuation of more than 1.3 million people as of 4 p.m. Friday in 10 provinces, mostly along the Yangtze River, according to the Ministry of Civil Affairs.
BEIJING, July 9 (Xinhua) -- Chinese spent less in June amid surging commodities prices and floods in many of the country's southern provinces, according to the latest reading of an index that gauges consumer confidence on Friday.The Bankcard Consumer Confidence Index (BCCI), compiled by the Xinhua News Agency and the national bank card association China UnionPay, slid to 86.30 in June, down 0.09 points from May.Compared with the same period last year, the June BCCI figure was 0.24 points higher. The index hit a record high of 86.89 in March.The reading in June indicated Chinese bank card spending was affected by surging commodities prices and the floods in southern China.Consumers also turned more conservative in spending due to sluggish performances of domestic stock markets and property markets in June.China's month-on-month economic growth rate is likely to have slowed in June given signs that electricity demand declined remarkably that month and the Purchasing Managers' Index (PMI) for China's manufacturing sector dipped 1.8 percentage points for two months in a run to 52.1 percent in June.Xinhua and UnionPay jointly started compiling the BCCI index in April 2009 based on bank card transaction data and analysis of structural changes in urban consumption.
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