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Chinese Premier Wen Jiabao on Wednesday called for concerted efforts with Saudi Arabia to achieve more in bilateral economic and trade cooperation. "China and Saudi Arabia enjoy great potential in economic and trade cooperation," ...

China, Saudi Arabia agree to further cooperation

… Wen told visiting Saudi Foreign Minister Prince Saud bin al-Faisal. But the government target of keeping annual inflation within 3 percent "could still be achievable", he said.

CPI rise may signal bank tightening

April consumer prices rose at the fastest clip in 18 months, which could result in banks' reserve ratio being raised in June and interest rates in the next quarter, analysts said.

The National Bureau of Statistics (NBS) reported on Tuesday that ...

... the consumer price index (CPI), a key gauge of inflation, rose 2.8 percent year on year, 0.4 percentage points higher than in March.

Lu Zhengwei, a senior economist with Fuzhou-based Industrial Bank, said inflation would continue to rise before peaking between August and October ...

Chinese mainland announces new measures to facilitate cross-Strait travel

The Chinese mainland will adopt new measures to facilitate cross-Strait travels, including opening more outlets to issue travel and entry permits to Taiwan travelers, a spokesman said here Wednesday.

Travelers from Taiwan can get travel and entry permits upon arrival at three new air terminals in Tianjin, Ningbo and Jinan starting May 25, Yang Yi, the State Council's Taiwan Affairs Office spokesman said at a press conference here.

The move will increase the number of such terminals in the mainland to 23.

China should raise rates - central bank adviser

China should raise benchmark deposit rates as a defensive move to stabilise inflation expectations, a central bank adviser said in comments published on Wednesday.

More worrisome than the 2.8 percent rise in consumer prices in the year to April ...

… was the 0.2 percent month-on-month increase, said Li Daokui, an academic adviser on the central bank's monetary policy committee. "This indicates that price trends are extremely serious, requiring a high level of attention," he told the Beijing Morning Post.