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BEIJING, Nov. 23 (Xinhua) -- China said on Tuesday it would punish six companies, including affiliates of the country's two oil giants, for selling diesel above the state-set prices, in an effort to ease the diesel shortage and keep soaring prices in check.The companies, including Sinopec's units in Wuhan and Luoyang, and PetroChina's Wuhan unit, were selling diesel at prices as high as 8 percent above the government set price, according to a statement posted on the website of National Development and Reform Commission (NDRC), the country's top economic planner.These companies also included local refineries and oil dealers in Shaanxi, Shandong and Jiangsu provinces and according to the NDRC, the acts have exacerbated the diesel shortage and disrupted market order.The commission urged local authorities to seize the illicit revenue from above-ceiling sales and fine the companies up to five-times of their income.To relieve domestic diesel shortages, both Sinopec and PetroChina are increasing diesel imports, while Sinopec said last week it had even suspended diesel exports.According to customs statistics, China's diesel imports in October rose to 400,000 tonnes, surging 60 percent compared with that in September.

BEIJING, Jan. 9 (Xinhua) -- China's Ministry of Agriculture (MOA) on Sunday stressed it would assure that there is a stable supply of farm produce amid ongoing icy weather as the nation's most important traditional festival approaches.The ministry urged local authorities, in a notice on its website, to make every effort to ensure continued agriculture production as the freezing weather threatens abundant supplies, which are critical during the Spring Festival, the annual season for family reunions.Temperatures and humidity in vegetable greenhouses and corrals should be kept at proper levels, while exposure to frigid weather by poultry and livestock should be minimized.The ministry also asked local departments to facilitate the smooth transporting to markets of fresh farm produce.Freezing weather in south China has forced the evacuation of at least 58,000 people from their homes over the past week, according to the Ministry of Civil Affairs.Southern China will experience more icy rain and snow from Sunday to Thursday, where freezing weather has hit since the New Year's Day, the National Meteorological Center reported Sunday.

SEOUL, Nov. 11 (Xinhua) -- China is willing to deepen economic and trade cooperation and strengthen bilateral ties with the United States in a "constructive manner", a senior official from China's Ministry of Commerce said here Thursday.At a press conference held Thursday evening, Yu Jianhua, director general of the International Trade and Economic Affairs Department of Ministry of Commerce, said China does not want to get into confrontation with the United States in trade and exchange rate issues, though its second round of quantitative easing will have great impact on China and other emerging economies."On the contrary, we are willing to deepen economic and trade cooperation with the United States in a constructive manner," said Yu, who is also a member of the Chinese delegation to the G20 Seoul Summit which opened Thursday evening.He said Chinese Premier Wen Jiabao also proposed to deepen the bilateral economic and trade cooperation during a meeting with U.S. President Barak Obama in New York last September."Therefore, much common ground can be found in the China-U.S. cooperation. I am optimistic on the future of the two countries' relations," Yu said. Yu also stressed that China hopes to deal with the trade and currency issues through dialogue. These issues should not be politicized or internationalized, and bilateral issues should not develop to a multilateral one. Otherwise the existing issues would become more complicated, he said.On Thursday afternoon, Chinese President Hu Jintao met with U.S. President Obama in Seoul, the host for the G20 Summit. The two heads of state exchanged in-depth opinions on the Sino-U.S. relations and common concerned international and regional issues, and reached consensus.Chinese delegation spokesman Ma Zhaoxu told the press conference that both the two leaders agree that boosting Sino-U.S. relationship to a higher level, against the backdrop of the profoundly changing international circumstances, will not only concern the two countries but also the future of the world.

BEIJING, Jan. 4 (Xinhua) -- China's 2010 economic growth is estimated to reach about 10 percent, according to central bank governor Zhou Xiaochuan.In a speech published Tuesday by the People's Bank of China on its website, Zhou said he was not quite confident that the nation's economy has returned to normal, as external conditions continue exerting an important impact on China's economic recovery. ' Zhou stressed that China should be prudent in its macroeconomic policies and needs to conduct counter-cyclical adjustments against "over-expansion."He also reiterated that the government would promote a market-oriented reform of the interest rate regime in a gradual and unwavering way.Zhou first delivered his speech on Dec. 15 when policymakers were intensifying their efforts to curb property prices and dampen inflation, as the nation's consumer price index hit a 28-month high of 5.1 percent in November.

ISLAMABAD, Dec. 18 (Xinhua) -- China and Pakistan signed a number of trade deals worth about 10 billion U.S. dollars, visiting Chinese Premier Wen Jiabao said here Saturday.Addressing the China-Pakistan Business Cooperation Summit in Islamabad, Wen said the deals reflected the huge potential for expanding bilateral economic and trade cooperation.The two sides inked some 20 trade deals during Wen's visit covering projects in the sectors of new energy, agriculture, cotton yarn and non-ferrous metal imports.Chinese Premier Wen Jiabao speaks during the Pakistan-China Business Cooperation Summit in Islamabad, Pakistan, Dec. 18, 2010. A major deal is aimed at developing wind and solar power. Another one is on remote sensing satellite between the Pakistan Space and Upper Atmosphere Research Commission and the China Great Wall Industry Corporation."Currently, the existing difficulties in our trade cooperation are temporary problems, which we could completely overcome with joint efforts," Wen said.The Chinese premier, who arrived here Friday, urged a boost in the scale of bilateral trade and investment. The China-Pakistan trade volume only accounted for one-tenth of Pakistan's overall foreign trade, he said, voicing his hope that the two-way trade could top 10 billion dollars as soon as possible.With regard to trade imbalance, Wen said China understood the concern of Pakistan on the imbalance, and has taken measures to address the issue."China is ready to work closely with Pakistan to push forward the building of a bilateral free trade area in an all-round way, and gradually grant zero-tariff status to more Pakistani products," he said.He vowed to send a trade and investment promotion delegation to Pakistan for purchase purposes at an appropriate time, hold commodity fairs for South Asian countries, and offer favorable terms for Pakistani products.Calling trade cooperation a link for the China-Pakistan cooperation, Wen said the bilateral trade has witnessed remarkable growth and benefited both peoples.Bilateral trade volume increased to 6.8 billion dollars in 2009 from 1 billion dollars in 2000.Though affected by the global financial crisis and natural disasters, the two-way trade in the first 10 months of 2010 reached the total volume of 2009, an increase of 27 percent over the same period of last year, Wen said.