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China's CPI, the leading inflation index, continued a downward trend in May, spurred largely by the declining food prices.	Hutchison Whampoa announced to sell 20 percent and 10 percent effective equity in Hong Kong International Terminals and COSCO-HIT to a Singapore company.
Mandelson suggested China link the value of the yuan to a basket of foreign currencies, in order to ward off increasing pressures from Washington.	The suspended chief executive of debt-ridden jet fuel trader China Aviation Oil has been freed from jail after posting a 1.2 million US dollars bail.
At present, an increasing number of Chinese watch cartoons and animation. China has decided to produce more of its own cartoons to boost the domestic animation industry.	China's new focus on the service sector is set to transform its growth pattern.
China and the Association of Southeast Asian Nations (ASEAN) have agreed to reduce duties on more than 7,000 kinds of products as of July 1.	China will protect the rights of its industry in talks with the US and the EU over surging textile exports, Commerce Minister Bo Xilai said on Thursday.
China's shares yesterday achieved their highest daily increase in three years, buoyed up by positive news and a wave of investor confidence.	The EU's trade dispute with China risks spreading from textiles to footwear after data showed that Chinese shoe imports had surged since the end of quotas at the start of the year.
Water shortage in China is expected to reach the climax in 2030, when the country would have a per-capita share of water resource of 1,760 cubic meters.	Chinese residents' willingness to buy private homes has dropped to an all-time low, in the wake of the government's macro-control measures.
The Coloring Ring BackTone Service is a value-added service which is becoming extremely popular among mobile phone users in China.	China, the world's second-largest energy consumer, will spend some 400 billion yuan ($48.33 b) on building new nuclear power plants by 2020.
Two American companies have taken legal action against six Chinese Vitamin C producers, accusing them of breaking the Anti-Trust Law of the US and California.	Stock market slumped to fresh 8-year lows as regulators' plans to solve the overhang of non-tradable shares heightened fears more losses lie ahead.
China's Minsheng Banking Corp will launch its US$800 million IPO in Hong Kong this week.	China's retail sales of consumer goods is expected to rise 12.5 percent in 2005.
Beijing has set up a top-level national energy group headed by the Premier Wen Jiabao to tackle the increasingly acute energy shortages.	Housing prices in cities including Shanghai slowed down their growth in May as a result of a series of government measures to curb the overheated sector.

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postal

China Post is progressing with its scheme to merge its two sub-businesses.

textile

Peter Mandelson said he would hold talks with Bo Xilai this week.

Yahoo

Chinese e-commerce operator Alibaba.com is in the late stages of talks to sell a 35 percent stake to Yahoo Inc.

·BOC IPO Could Take Place in 2005

·China, Hong Kong, Japan, and Aussie Market Roundup

·CNOOC's Market Value Up By $7b

·Producer Price Index Rises

·Lenovo Profit Up 6% After IBM PC Buy

·Power Supply Sees Robust Growth

·HK Urges Manufacturers to Go "Green"

·Major HK Banks's Interest Rate Hike

·China Mobile First-Half Profit Rises

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Company of the Week

			Producer: Han Wei Pagemaker: Li Meng Designer: Avida