China's CPI up 3.1% in May

By Yan Pei
0 CommentsPrint E-mail China.org.cn, June 10, 2010
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China's May consumer price index CPI was up 3.1 percent from a year earlier, a government official said at a securities conference on Wednesday.

The official also said that China's exports rose by 50 percent to US$130 billion yuan in May, and new loans for the month reached 630 billion yuan.

These economic indicators were scheduled to be released by the National Bureau of Statistics and the General Administration of Customs on June 10 and 11, respectively.

Chinese shares posted biggest daily gain in two weeks on Wednesday. Analysts said the gains were connected with the leak of the economic indicators.?

China's business press carried the story above on Thursday. China.org.cn has not checked the stories and does not vouch for their accuracy.

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