Ｍａｒｋｅｔ Ｗａｔｃｈ

TO THEE POINT: China's economic figures for February indicatedserious inflationary pressure with the consumer price index (CPI)surging 8,7 percent and the producer price index (PPI) jumping6,6 percent, year on year, Though many repeatedly believed thatprices would go down in the future, the fact that consumer goodscontinued to rise amid various countermeasures can no longerbe ignored, The good news for the international market was thatChina's trade surplus shrank over 60 percent in February year onyear, a reward for the government's efforts to rein in exports, Inaddition, China is determined to produce steel conglomerates tolift the country's competence in the international market.