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.

»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.

»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.

»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.

»The transaction volume of China’s e-commerce climbed for two consecutive years in 2008 and 2009, helping the country sustain its foreign trade amid the global recession, the Ministry of Commerce said Monday.

»Internet sales in 2008 grew by 44.8 percent from a year earlier to 3.14 trillion yuan ($461 billion), and in 2009 it rose to 3.83 trillion yuan, marking an increase of 21.7 percent, according to a report entitled China’s E-Commerce Report 2008-2009 released by the Ministry of Commerce.

»China reduced its holding of U.S. Treasury debt for a second straight month in June, but still remains the biggest overseas holder.

»China’s holding fell by 24 billion U.S. dollars to 843.7 billion by end-June, the U.S. Treasury Department said Monday in a monthly report on debt holding. The nation cut its holding by 32.5 billion U.S. dollars in May.

The state-owned assets in China's centrally-administered state-owned enterprises (SOEs) reached 2.01 trillion yuan ($297.4 billion) as of June 30, up 10.71 percent.

The state-owned assets in China's centrally-administered state-owned enterprises (SOEs) reached 2.01 trillion yuan ($297.4 billion) as of June 30, up 10.71 percent, or 194.75 billion yuan from 2008, the official Xinhua news agency reported Thursday, citing the State Property Management Commission of the State Council.

Controversies regarding this question are triggered again after the Ministry of Finance Wednesday issued glamorous statistics showing that China's fiscal revenue for the first seven months surged 25.7percent to five trillion yuan.

By Caijing reporter Zheng Meng