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Manage   Close co-op established between police and PLA HK Garrison Mainland stocks fall on warning of inflation ICBC applies for New York branch Baosteel, Handan to build US$2.5b steel plant Chinese retailers earn 320 bln yuan in holiday Govt subsidies help farmers purchase 300,000 farm machines in '06 carve out   China's logistics business up 24% in first quarter China auto association chief 'disappears' China's civil aviation industry posts rising profits in first quarter IBM to sell Lenovo shares at 6.7% discount Indian, Chinese tea firms join hands Daily number of loaded freight cars hits record high in China Industry   Producer prices climb faster as costs expand Labor shortage in 2009 will spur wages growth Mainland stocks rise to record for 4th day Local, foreign small and medium-sized enterprises to meet Shanghai Automotive appoints new president Stock accounts halted to counter speculations fears

China's CPI rises three percent in April BEIJING, May 14 (Xinhua) -- China's consumer price index (CPI) rose three percent in April compared with the same month last year, the National Bureau of Statistics said on Monday. The growth rate of the index, one of the main gauges of inflation, is 0.3 of a percentage point down from March when it climbed 3.3 percent from March last year, the highest in 25 months. The bureau said consumer price inflation in the first four months jumped 2.8 percent from the same period last year. The CPI rose 2.7 percent in the first quarter. Food price hikes were still the leading driver of inflation. The food prices in April jumped 7.1 percent from a year earlier, 0.6 percentage points down from the March figure. Meanwhile, grain prices rose 6.1 percent, 0.3 percentage points down from March

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