介绍:
China's CPI rises 1.8% in April
Consumer prices here in China have increased at a slower pace in April, with the cost of fresh vegetables and pork both coming down.
The Consumer Price Index has increased 1.8 percent year-on-year last month.
This is down from the 2.4-percent growth seen in March.
The National Bureau of Statistics says slower increases in food prices are the main factor bringing down the CPI.
The price of pork, a staple here in China, was down over 7-percent.
Fresh vegetable prices decreased nearly 8-percent.
Meanwhile, the producer price index, which measures inflation at wholesale level, has contracted 2-percent year on year in April.
This follows a 2.3-percent decline in March.
China levies anti-dumping duties on pipes
Chinese authorities are set to impose anti-dumping duties on certain alloy-steel seamless pipes imported from the European Union and the United States.
The year-long levies will begin tomorrow.
The Ministry of Commerce says the duties will range between 13 and 14 percent.
Similar pipes from Japan are also involved in the probe.
However, no anti-dumping measures will be levied on them due to the small amount imported here in China.
China to cut gas price
The retail price of gasoline and diesel is coming down here in China starting from tomorrow.
The National Development and Reform Commission is reducing the pump-price of both gas and diesel by 0.04-yuan per liter.
The cut is the smallest since the Chinese government introduced the sliding gasoline pricing system in 2009.
Corporate news of the week
Anchor:
It's been another busy week in the corporate world here in China, with news surrounding Alipay's Yu'e'bao investment platform and issues about the profitability of online travel booking website Ctrip making headlines.
CRI's Shane Bigham talked about these stories with Doug Young, associate professor at Fudan University and former China company news chief at Reuters.
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Doug Young, associate professor at Fudan University and former China company news chief at Reuters, speaking with CRI's Shane Bigham.
Property tracking system launched in China
China's land watchdog is planning to set up a unified real estate registration bureau.
The Ministry of Land and Resources says the bureau will supervise the registration of real estate across the country, including housing, forests and grasslands.
The system is expected to be operational by 2016.
Observers say a national system to track property ownership is meant to try to stop people from skirting property ownership rules.
It should also help pave the way for levying property taxes across the country.
S.Korea freezes interest rates at 2.5 percent
South Korea's central bank has decided to leave its key interest rate unchanged at 2.5 percent.
The Bank of Korea has now been maintaining its wait-and-see stance for 12 straight months.
BOK Governor Lee Ju-yeol says the decision to hold the rate steady is because they haven't seen any factors which might prompt them to either hike or cut interest rates.
The move to hold the interest rate steady has been expected by most observers.
South Korean interest rates have been anchored at 2.5-percent since May of last year, when the central bank lowered borrowing costs by 25-basis points.
S.Korea to frontload 7.6 bln USD to boost ferry-hit consumption
The South Korean government is planning to inject 7.6 billion U.S. dollars into the economy in the second quarter.
The move comes amid signs of weakening private consumption following the ferry disaster.
World's largest oil trade show concludes with heavy Chinese presence
The world's largest oil trade show has come to a conclusion in Houston, Texas.
This year's Offshore Technology Conference has seen a record high number of people taking part, including a heavy Chinese presence.
The annual conference has attracted over 100-thousand people from 43 countries and regions.
More than 100 Chinese companies were represented at this year's Conference.
This year's session has focused on technology connected to deep-water drilling.
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