traders have said.

The CICC has cut its estimate for China's economic growth this year to 9.5 percent from 10.5 percent, Ha said.
Speculative funds looking for new investment channels as the stock market falls and tightening measures hit the property markets are partly responsible for the inflation expectations, Peng Sen, deputy director of the National Development and Reform Commission, told Xinhua in a separate interview on May 30.
Peng reiterated the government inflation target of 3 percent for this year,mercurial vapor pas cher, saying that even a surge in prices of certain products like garlic or mung beans would have a limited impact on overall inflation.
2010-05-31 16:35
Ha Jiming, chief economist at China International Capital Corp,chaussure louboutin pas cher, forecast China's consumer price index would increase 3.2 percent in May from a year earlier,christian louboutin, the Xinhua news agency said on May 30.
BEIJING: Chinese inflation will peak this summer, a respected economist said,chaussures de football, as a top planning official pinpointed decreased land supply and the rising cost of agricultural labor as driving strong prices of Chinese agricultural commodities.
Food prices, including meat,polo ralph lauren, account for one third of China's CPI basket.
But interest rate hikes would be unlikely this year as growth in consumer prices was expected to fall in the second half, he said,nike mercurial, according to Xinhua.
CPI annual growth rate could peak at 4 percent in June and July, Ha told an investor conference in Beijing.
Chinese vegetable and grains prices have been strong in recent months,nike mercurial vapor, propped by a cold spring and drought in the southwest. High corn prices could attract the largest volume of imports since 2001, traders have said.
The government last week announced measures, including monitoring prices,louboutin, punishing "irregular" trading activities, and increasing supply to agricultural markets, to cool prices.
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