China's comsuer price index will peak in August, driven by soaring food prices.

China’s consumer price index, the main gauge of inflation, will peak in August, according to Wang Qing, a senior economic at Morgan Stanley.

He made the remarks on Friday, when releasing macroeconomic data for this month, adding that the CPI for August was projected at 3.4 percent compared with 3.3 percent for July.

Beijing and Kiev have signed 12 cooperation agreements on Thursday, covering areas in bilateral relationship, aviation industry, infrastructure construction, financing, electric power, etc.

Beijing and Kiev have signed 12 agreements on Thursday, the first day of the Ukrainian president’s four-day state visit to China, Xinhua reported.

The Asian Development Bank (ADB) plans to issue its first Clean Energy Bond to support its clean energy projects in Asia and the Pacific.

The Asian Development Bank (ADB) said Thursday it plans to issue its first clean energy bonds to raise funds from renewable projects in developing countries in Asia including China.

»China’s central bank has added a net 70 billion yuan ($10.3 billion) of
funds into the money market this week through open-market operations, the
biggest injection in eight weeks.

»The People’s Bank of China (PBOC) auctioned 13 billion yuan ($1.91 billion)
of three-month bills on Thursday at a yield of 1.5704 percent, unchanged for the
ninth straight sale.

»It also sold 5 billion yuan of 91-day repurchase agreements at a yield of
1.57 percent.

»General Motors said Thursday it has sold 1.5674 million units in China in the first eight months, up 41 percent from a year earlier.

»Sales in August increased 19.2 percent year-on-year to 181,600, the company said in a report. The upbeat in sales in August signals a robust growth in the next half of the year, it said.

“Advanced economies must pursue long-term policy reforms to reduce public debt levels over the coming decades and ensure future fiscal sustainability.”

The International Monetary Fund Wednesday has called on advanced economies to cut public debt to ensure fiscal sustainability, Xinhua reported.

“Advanced economies must pursue long-term policy reforms to reduce public debt levels over the coming decades and ensure future fiscal sustainability,” said three papers published by the IMF.

»The World Trade Organization said Wednesday that world trade in the first half of this year grew by 25 percent in volume terms, Xinhua reported.

»In the second quarter, the volume of imports and exports in Asia climbed more than 35 percent compared with the same period of last year, the WTO said in a statement.

Ping An Insurance (Group0 Co., China’s second largest insurer, will merge its bank unit into Shenzhen Development Bank Co. in a deal valued at 29.1 billion yuan.

Ping An Insurance (Group) Co. of China Ltd. said Wednesday it had agreed to buy an additional 32 percent stake in Shenzhen Development Bank Co., for 29.1 billion yuan ($4.27 billion) in a private placement to control the national lender.

»Chinese local governments have sold 66.5-billion-yuan worth of government bonds in August, the highest since 2009.

»Chinese local governments have sold 66.5-billion-yuan worth of government bonds in August, the highest since 2009 when local governments were authorized to tap into debt investment.

»The Purchasing Managers Index (PMI) of China’s manufacturing factor rose to 51.7 percent in August, from 51.2 percent in July, the China Federation of Logistic and Purchasing said Wednesday.

»This has been the first rebound since the gauge of manufacturing activity declined for three consecutive months. It was also the 19th straight month that the index was above the threshold of 50 percent that demarcated expansion from contraction.