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China's PPI is likely to further gain 7% y/y in May following 6.8% y/y increase in April, the fastest pace in more than three years, before slowing in Q4, the 21st Century Business Herald said citing Wu Chaoming, the chief economist with Chasing Securities. The rising prices of commodities may not lead to higher CPI given competition among producers and moderate demand from consumers, while the strong yuan also helps tame prices of imported material, Wu was cited saying. April's CPI and PPI likely won't prompt changes in central bank policies, the newspaper said citing analysts.