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BEIJING, Oct. 8 (Xinhua) -- Chinese shares advanced to a five-month high Friday on the gains of gold producers and nonferrous metals.The benchmark Shanghai Composite Index rose 3.13 percent, or 83.09points, to close at 2,738.74.The Shenzhen Component Index gained 3.86 percent, or 442.83 points, to end at 11,911.37.Combined turnover stood at 283.42 billion yuan (42.43 billion U.S. dollars), up from 183 billion yuan the previous trading day.Gainers outnumbered losers by 814 to 41 in Shanghai and 1,025 to 47 in Shenzhen.Most Chinese stocks proved resilient Friday after the stock markets were closed from Oct. 1 to 7 for the annual National Day holiday.Gold producers rallied Friday after international gold prices hit a record during the Chinese holiday as investors sought an alternative investment to the U.S. dollar, which slid to an eight-month low against the euro on Thursday.Zijin Mining Group, China's largest gold producer, surged by the 10- percent daily trading limit to end at 8 yuan per share. Shandong Gold Mining, a big producer of gold based in east China's Shandong Province, rose by the daily limit of 10 percent to 61.46 yuan in Shanghai.Nonferrous metals also posted widespread gains after copper rose to 8,326 U.S. dollars per metric ton on the London Metal Exchange on Wednesday, the highest level since July 2008.Jiangxi Copper Co., the country's leading copper producer, jumped 9.9percent to 34.23 yuan per share while Yunnan Copper Co. gained 9 percent to 24.52 yuan per share.Other energy and raw materials stocks also rebounded Friday because of international commodity gains during the weeklong holiday.China Shenhua Energy Co., China's biggest coal producer, climbed 9.28 percent to 25.8 yuan. PetroChina Co. rose 2.85 percent to 10.47 yuan per share.

BEIJING, Oct. 10 (Xinhua) -- China's week-long National Day holiday took in 280 million yuan (42 million U.S. dollars) in film box office receipts, up 12 percent over last year, said sources in the cinema industry.Half of all ticket sales were for "Detective Dee and the Mystery of the Phantom Flame," a film that debuted on Sept. 29, starring renowned Hong Kong actor Andy Lau and actress Carina Lau, along with mainland actress Li Bingbing.Director John Woo's new film, "Reign of Assassins," had sales of 30 million yuan during the golden week, which critics say was "ordinary" in box office performance but a "good film." Woo is known internationally for his 2000 film "Mission: Impossible II."The Leonardo DiCaprio film "Inception" continues its climb and took in 50 million between Oct. 1 and 7, making it the fourth foreign film ever to take in more than 400 million yuan in the Chinese mainland's box office. The other three were "Avatar," "2012" and "Transformers."Liu Hui, deputy general manager of Beijing-based UME Huaxing Cinema, is very pleased that "theatres are always packed with audiences during the golden week."

BEIJING, Oct. 8 (Xinhua) -- China launched a large-scale tree-planting program against soil-erosion along the Three-Gorge Dam section of the country's largest Yangtze River Friday, with two launching ceremonies held in Beijing and Chongqing, simultaneously.The program is aimed to raise funds from individual and institutional donors for planting trees on 3.8 million mu (253,333 hectares) on the banks of the Yangtze River in Chongqing.Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), is the honorary chairman of the organizational committee of the program.Vice Premier Hui Liangyu and Chongqing Party chief Bo Xilai attended and addressed the ceremony in Beijing.Hui spoke highly of the tree-planting program, saying that it would be new probe for the bio-environmental protection of major rivers in the country as well as a new, great contribution to the afforestation and protection of the Yangtze River.The vice premier recognized that the Yangtze River is still facing severe bio-environmental deterioration and soil erosion, though notable achievements have been made in the afforestation efforts along the river in the past decades.In his speech, Bo pledged that Chongqing will take three to five years to increase the forest coverage in the dam area to 65 percent, from the present 22.2 percent. Currently, soil-erosion has covered over 20,000 square kilometers, about 50 percent of the total area, he noted.According to previous reports, Chongqing plans to raise over 10 billion yuan (1.5 billion U.S. dollars) from institutional and individual donors for the tree-planting program.

BEIJING, Sept. 12 (Xinhua) -- Justin Yifu Lin, Chief Economist and Senior Vice President of the World Bank, said here on Sunday that China's economy is doing well.Speaking at a forum with two Nobel Prize winning economists in Beijing, Lin praised China's economic policies as "visionary" while the three economists talked about the challenges ahead."We admire the Chinese economy. But GDP is not all being directed for people's happiness." Roger Myerson, a professor with the University of Chicago and a Nobel Prize winner, said.The Chinese economy needs increased labor income and welfare to continue its rapid development, Myerson added.A spate of strikes and worker suicides hit the manufacturing hub of Guangdong in south China beginning in May, as workers demanded higher pay.Lin also called for government support in encouraging Chinese companies to become industrial "first movers" . "As a first mover, you can form the pattern," he said.

WASHINGTON, Oct. 7 (Xinhua) -- China's growth is a very important force in the global recovery, World Bank Group President Robert B. Zoellick told reporters here on Thursday in response to a Xinhua question.Zoellick made the remarks during a press briefing ahead of the Bank's annual meeting this weekend.Asked what China can contribute to the world development, the president, who just concluded a week-long China tour last month, said China's growth itself is important contribution to the world. World Bank President Robert B. Zoellick hosts a press briefing ahead of the annual meetings of the International Monetary Fund (IMF) and the World Bank in Washington D.C., capital of the United States, Oct. 7, 2010.China's economy is projected to grow 10.5 percent in 2010 and 9. 6 percent in 2011, driven by domestic demand, according to the biannual World Economic Outlook (WEO) released by the International Monetary Fund (IMF) on Wednesday."China's strong and sustained growth over the past several years has served as a linchpin for global trade, benefiting exporters of commodities and capital goods," said the report.The World Bank chief stressed the importance of new multi-polar economy requiring multi-polar knowledge, with rising economies contributing new experiences to the world.Recovery is happening, but not quick enough to bring enough jobs, and the economic downturn is still hurting people's jobs and lives, said Zoellick."We need a more balanced and sustainable growth," he added.Zoellick also warned of a potential resurgence of protectionism in the post-crisis period. He stressed that protectionism is not a way out, and it may only risk the repetition of mistakes of the 1930s.

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