ChinaDailyNews,Week 6,2011

China CPI Comes At 4.9%, Below Consensus Of 5.4%, In Line With Zero Hedge "Pervasive Data Manipulation" Expectations...China’s inflation was less than economists estimated in January after the statistics bureau cut the weighting of food in the consumer-price index.Consumer prices rose 4.9 percent last month from a year earlier, the statistics bureau said in a statement on its website today. That compared with a 4.6 percent gain in December

Sina Weibo Adds Voicemail Weibos and Direct Video Uploads...networks in China and hands-down the most innovative. Moreover, the new innovations on the Weibo are far outpacing those on its western counterpart, Twitter. Multimedia weibos allows users to do two things that Twitter’s simple 140 characters tweets can’t offer: Voicemail Weibo (语音微博) – users can dial a service number on their mobile phones

RISKS WITHIN CHINA’S BANKING SYSTEM ARE BUILDING Slowly but surely we are beginning to see signs of systemic irregularities and weakness in the Chinese economy. Kristine Li, senior director of credit strategy, Asia Pacific at RBS says the banking system is beginning to resemble the Japanese

Mainland power use last month up on December, report shows...Corp of China may have increased by an average of 9.4 per cent last month from a year earlier, up from a nationwide 5.4 per cent rise in December, an industry report showed yesterday.

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