From August 1 to 12, 2002, the inflation rate amounted to 0.1 percent inRussia, the State Statistics Committee of Russia reported. In the week fromAugust 6 to 12, the CPI did not change. The daily average price growth was0.008 percent in the first 12 days of the month as compared to 0.000percent of the corresponding period of 2001. In July 1-12, 2002, thisfigure amounted to 0.023 percent.In July 2002, the inflation rate was 0.7 percent, in January-July 2002 -9.8 percent. The government's forecast of the inflation rate for 2002 is12-14 percent..
China has allocated $20 billion to restore economies of the Arab states. In addition, China and the Arab countries will create an inter-bank association worth three billion dollars