Economic highlights for this week
- By Matt Velker
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China.org.cn, June 14, 2011
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China's May consumer price index rose to a 34-month high of 5.5 percent. |
2) May economic data probably leaked
They did it again. Reuters, Bloomberg and other news and finance firms have reported a range of Chinese economic indicators in advance of the official release Tuesday, increasing suspicions that government officials are still leaking valuable economic information. The reports come just a week after several mid-level officials from the People's Bank of China and the National Bureau of Statistics stepped down after falling under suspicious of divulging sensitive data. Last month, Hong Kong-based Phoenix TV's website accurate forecast nine of ten economic indicators a day before their official release. As Huang Shuo, a senior analyst at Guoyuan Securities, put it in a post on his Sina Weibo microblog, "Tomorrow morning's 10 o' clock May CPI announcement seems to be completely without suspense – the market consensus prediction is currently 5.5 percent, up from April's 5.3 percent."
