Ha Jiming, chief economist at China International Capital Corp., forecast May's consumer price index to fall 1.2 to 1.4 percent year-on-year led by a drop in pork and vegetable prices over the month.
Industrial Bank's head economist, Lu Zhengwei, predicted May's CPI to fall 1.3 percent year-on-year, and noted that some distortion likely resulted because of high May 2008 figures.
A reversal in the markets is due, but not yet.
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