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BEIJING, Jan. 24 (Xinhua) -- One of China's two leading State-owned shipbuilders, China Shipbuilding Industry Corporation (CSIC), said Sunday that its profit in 2009 jumped 18.5 percent to 7.39 billion yuan (1.1 billion U.S. dollars).The Beijing-based conglomerate, which consists nearly 50 industrial subsidiaries and about 30 R&D institutes in northern China, also said its operating income rose 17 percent in 2009 to 120.9 billion yuan.General manager Li Changyin said the CSIC had overcome the impact of the global financial crisis, which crippled the global sea-based trade and brought down ship orders.Li said technological innovations had enabled the CSIC to build 180,000-dwt bulkers, 320,000-dwt oil tankers, 13,000-TEU containers as well as new types of drilling platform which can be used in water depths up to 400 feet (120 meters).According to Li, CSIC had also been actively engaged in non-ship businesses including manufacturing of wind power and nuclear power equipment, accounting for 40 percent of the CSIC's business volume.Li said the CSIC profit target for 2010 was 8 billion yuan. The operating income was expected to surpass 140 billion yuan and the CSIC output in 2010 was likely to break 10 million dwt (deadweight tonnage), he added.The CSIC, which has more than 140,000 manpower, launched an initial public share offer at the Shanghai Stock Exchange in December 2009 and raised some 6.4 billion yuan.The CSIC's main shipbuilding and industrial enterprises are based in cities of Dalian, Qingdao, Tianjin, Shanhaiguan and Wuchang.The other major shipbuilding conglomerate in China -- the China State Shipbuilding Corporation (CSSC) is based in Shanghai, whose turf is mainly in eastern and southern China.
BEIJING, Feb. 21 (Xinhua) -- The total length of China's rural roads had reached 3.3 million kilometers by the end of 2009, connecting 99.4 percent of towns and villages, a transportation official said here Sunday.Some 381,000 kilometers of roads were built in China in the past year, far exceeding the annual target of 300,000 kilometers, China's Vice Minister for Transport, Feng Zhenglin, said at a conference.By the end of 2009, residents at 35,000 towns and 553,000 villages in China's rural areas were able to take buses to travel, representing 98 percent and 87.8 percent of China's towns and villages, respectively, according to Feng.Li Shenglin, Minister of Transport, vowed at the conference to boost rural passenger transportation.Feng also vowed to improve the highway network that connects towns and villages this year and in the country's 12th Five Year Plan which starts in 2011.

BEIJING, March 22 -- The cities of Chengdu and Chongqing are famous for their different kinds of hot pots and there are endless arguments about which one is more delicious or spicier. It will only take 56 minutes by train for people from Chengdu to eat hot pot in Chongqing when the high-speed railway linking the two cities is completed in a few years. Construction is slated to start this year.The "one hour circle" is part of the plan for the Chengdu-Chongqing Economic Zone, and the overall development project will be approved by the central government this year, according to this year's sessions of the National People's Congress and the Chinese People's Political Consultative Conference. The two cities will generate more synergies in the future.Migrant workers from Qinghai province pick cotton in a field in Hami, in neighboring Northwest China's Xinjiang Uygur autonomous region. Xinjiang is the country's biggest cotton producing center.The State Council, China's cabinet, has sparked a new wave of regional development by laying out a dozen regional development plans with policy or financial support since last year.The Yangtze River Delta and the Pearl River Delta have acted as leading engines in the development of China's prosperous coastal areas. China is keen on fostering more driving forces to boost central and western regions to catch up.In January, the Wanjiang River Urban Belt in Anhui province was positioned as a national-level industrial transfer demonstration zone, and Hainan province was targeted to be transformed into an international tourist destination last December.Other western regions such as the Xinjiang Uygur autonomous region and Tibet autonomous region have also become recent hot subjects for investment. Similarly, development plans for the two regions are being formulated and are very likely to be released this year or next.
BEIJING, March 19 (Xinhua) -- Chinese Vice Minister of Commerce Zhong Shan will pay a three-day visit to the United States from March 24 to strengthen economic and trade cooperation, said a statement posted on the official website of the Ministry of Commerce (MOC) Friday.The visit was aimed at expanding bilateral trade and promoting the healthy and stable development of the Sino-U.S. economic and trade relations, the statement said.Zhong would also negotiate with the U.S. administration over Sino-U.S. trade issues in an effort to increase mutual understanding, and defuse trade frictions, the statement said."Sino-U.S. economic and trade relations are mutually beneficial," said He Ning, director general of the Department of American and Oceanian Affairs of the MOC."China believes any economic and trade issues, including the RMB (Chinese currency) exchange rate, can be resolved through dialogue."But we should avoid politicizing economic and trade issues," He told journalists Friday in Beijing.He said commodities trade figures only mirrored flows of the products, but it could not truly reveal the beneficiaries.Chinese Premier Wen Jiabao said earlier this month that half of China's exports came from the processing trade, in which imported components were assembled at factories in China and 60 percent were made by foreign-funded companies or joint ventures with foreign partners.MOC spokesman Yao Jian said Tuesday China welcomed more U.S. high-tech exports, and was willing to promote more balanced Sino-U.S. trade. En
BEIJING, Feb. 2 (Xinhua) -- China has dispatched inspectors to 16 provinces to urge local authorities to thoroughly investigate cases concerning food safety, the government's latest move against a string of reportedly resurfacing melamine-tainted milk products after a nationwide crackdown in 2008.Any law-breaking concerning food safety will be severely dealt with, an official with the National Food Safety Rectification Office led by Health Minister Chen Zhu said here Tuesday.The unnamed official said the office recently dispatched eight teams of inspectors. The official did not give details on the total number of inspectors involved or their identities.Milk powder laced with melamine that should have been destroyed has been used, local authorities discovered.Media reports said melamine-tainted dairy products have resurfaced in several Chinese provinces.Melamine is an industrial compound which can give a false positive on protein tests and cause kidney stones. Melamine-contaminated milk products left at least six children dead and 300,000 sickened in 2008."These cases reveal that the toxic milk powder recalled in 2008 was not completely destroyed and is now illegally reused for new products," the official said.In December 2009, three people from the Shanghai Panda Dairy Company were prosecuted on suspicion of producing and selling melamine-tainted milk powder. Local police said all the company's products had been recalled and that there was no harm to consumers.Another three people from the Shaanxi Jinqiao Dairy Co. Ltd. in northwest Shaanxi Province had also been detained by police over suspected tainted milk powder sales before its products reached retail stores.Food safety issues have became particularly sensitive in China after the 2008 milk scandal. The government has intensified supervision of food safety with new laws and regulations, including the Food Safety Law that took effect on June 1, 2009. Nationwide checks of food safety have also been increased.The official said food safety was a global issue, one that existed in both developing and developed countries.Improving food safety standards is a long-term tough task for China, the official added.
来源:资阳报