29th May - 10th June

• Published 11 Jun 2009

Prices fall further and tax rebates up again on exports. Meanwhile, Shanda talks of acquisitions, a little-known Chinese company bids for GM's Hummer and Chinalco fails to strike a deal with Rio.

Prices fall further Chinese consumer prices fell in May for the fourth consecutive month on a decline in non-food items and high comparative price levels this time last year, the National Bureau of Statistics said on June 10. The consumer price index (CPI) fell 1.4% from a year earlier, a slightly more moderate decline from April's 1.5% drop. The bureau reported that non-food prices fell 1.7% from a year earlier, down even further from April's 1.5% drop. Meanwhile, the decline in food prices eased significantly, from 1.3% in April to 0.6% in May, all despite the price of pork, China's most popular meat, plummeting by 32% year-on-year in May on oversupply and a fall in demand over concerns the meat is connected to swine flu.

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Other Articles on this Issue

• Macro View

  To make a name, you have to be early

• In Depth

  China goes Green (No, Really!)

• The Best of Chinese Commentators

  Should a Chinese company buy GM’s Hummer?

  A second half rebound?

• The Big Call

  Migrant army starts to march again

• Consumer China

  Sportswear makers shoot for the stars

  Li Ning takes a U-turn

  Kappa supports Dongxiang success

  Xtep steps up its game in fashion sportswear

  Anta in race against Li Ning

• Forbidden City

  Rio and Chinalco – not all is lost

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