Trade deficit likely in March
The country will probably see a "record trade deficit" in March thanks to surging imports, Minister of Commerce Chen Deming said on Sunday, whilst warning that Beijing will "fight back" if Washington labels China a currency manipulator. After China's exports rebounded in December, US legislators and economists have been demanding that the Obama administration label China a currency manipulator in a US Treasury report due out in mid-April, which will make it possible for Washington to slap duties on Chinese imports.

China to keep inflation under control despite difficulties
China should be able to keep its consumer price index (CPI) at round 3 percent this year, despite expectations of relatively high inflation. Explaining the reasons for stability, Yao Jingyuan, a chief economist from the National Bureau of Statistics said that "China's grain output totaled 1.02 trillion kg last year, representing the sixth straight year of good harvests and which serves as an important stabilizer for prices."

Central SOEs' Jan-Feb profit hits 135b yuan
China's 127 centrally-administered state-owned enterprises (SOEs) reported total gross profits of 134.8 billion yuan ($19.77 billion) in the first two months, up 121 percent year-on-year.

PwC to offer accounting service for Shenzhen Summer Universiade
PricewaterhouseCoopers has been chosen to supply accounting services to the organizers of the 26th Summer Universiade which shall take place in Shenzhen in 2011. PricewaterhouseCoopers has been the accountant for the past five Olympic Games, including the ones in Beijing in 2008.