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BEIJING, Oct. 23 (Xinhua) -- China welcomed the World Trade Organization's (WTO) ruling that United States imposition of anti-dumping and countervailing duties on four types of Chinese imports was inconsistent with WTO regulations, the Ministry of Commerce (MOC) said Saturday.The four categories of Chinese imports include standard steel pipe, rectangular steel pipe, laminated woven sacks, and off-road tires, according to an online statement posted on the MOC's website.In a report released Friday, the WTO's dispute settlement body found that the U.S. department of Commerce had acted inconsistently with WTO rules on five elements of the case, which China filed to the WTO in 2008.The U.S. should conduct trade remedy investigations strictly in accordance with the WTO regulations, an unnamed official from the MOC's Department of Treaty and Law said in the statement.However, China was also concerned over some views and rulings made by the WTO expert panel, and would handle issues such as complaints according to WTO disputes settlement procedures, said the official.
BEIJING, Nov. 8 (Xinhua) -- Chinese stocks rose for a third straight trading day Monday with the benchmark Shanghai Composite Index closing up 0.96 percent, or 30.01 points, at 3,159.51.The Shenzhen Component Index gained 0.54 percent, or 73.94 points, to finish at 13,807.3.Combined turnover declined to 453.1 billion yuan (68 billion U.S. dollars) from 459.17 billion yuan the previous trading day.Gainers outnumbered losers 743 to 132 in Shanghai and 950 to 140 in Shenzhen.Agricultural shares led the gains with a 5.39 percent rise amid increased inflation expectations and surging farm product prices.Some economists believe China's consumer price index (CPI), the main gauge of inflation, jumped 4 percent year on year in October.Yasheng Industrial Group, Yongan Forestry Group and Fengle Seed Company all rose by the daily limit of 10 percent, ending at 6.47 yuan, 12.84 yuan and 20.77 yuan, respectively.Local stocks in Shanghai continued their surge after Walt Disney Co. inked a deal Friday for its long-awaited theme park in the city.Shanghai Lujiazui Finance and Trade Zone Development Co., Ltd rose 4.8 percent to 22.7 yuan while Shanghai Pudong Road and Bridge Construction Co. Ltd. gained 3.08 percent to finish at 20.43 yuan.Yu Wei, an analyst at Shiji Investment, said more "hot money" will flow into Chinese capital markets because of the U.S. Federal Reserve's second round of quantitative easing, QE2."As the government works on controlling inflation and the property market, the A-share market will be the most attractive place for 'hot money' inflows," he said.

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. 20 (Xinhua) -- Participants at a human rights forum in Beijing have paid tribute to China's treatment of human rights issues."We have a different culture. The Chinese have a different culture. We would appreciate the situation where human rights are dealt with within their own cultural contexts," Elisabeth Perioli Bjornstol, a Norwegian participant on a panel discussion at the forum, said Wednesday.The panel discussion was a part of the two-day Beijing Forum on Human Rights that started Tuesday. The forum attracted about 80 officials, scholars and experts from more than 25 countries, regions and international organizations.China's human rights situation was one of the focal points at the forum."It is highly important to reflect and discuss the key issues of human rights worldwide. People now can come and see how China develops. Ignorance and lack of information were the root causes for many conflicts," Elisabeth Perioli Bjornstol added.Jiang Guoqing, a professor from China Foreign Affairs University, said on the same panel discussion that since reform and opening up was initiated in 1978, China has made great progress in both human rights and modernization.He Ying, vice president of Heilongjiang University, said, "The West often criticizes China for not progressing fast. It also criticizes China for its recognition of individuals' rights. But I think the West needs to recognize China as a developing country that is moving in the right direction in many fields."
HANOI, Oct. 11 (Xinhua) -- U.S. Defense Secretary Robert Gates on Monday accepted an invitation to visit China early next year, a Chinese official said.Chinese Defense Minister Liang Guanglie extended the invitation during his talks here with Gates, Guan Youfei, a Chinese Defense Ministry official, told a press conference.Although very brief, the meeting showed that both sides attach great importance to developing military ties between the two countries, and was helpful to enhance mutual understanding and trust, he said.The tete-a-tete between the two defense chiefs was their first since bilateral military ties soured in January following Pentagon's decision to sell a 6.4-billion-dollar arms package to China's Taiwan province.While noting the setback, Guan said that ties between the two militaries have never ceased moving forward, and dialogues and exchanges under some established frameworks will continue.Beijing and Washington will hold their annual consultations on maritime security in Hawaii later this week, which will be followed by a new round of annual defense consultations in Washington, he added.The schedule has not been fixed for the Washington meeting, which is to be co-hosted by Deputy Chief of the General Staff of the Chinese People's Liberation Army Ma Xiaotian and U.S. Under-Secretary of Defense Michele Flournoy, Guan said.Commenting on the on-again-off-again military ties between China and the United States, Guan stressed that the main obstacle is Washington's arms sales to Taiwan.During talks with Gates, the Chinese defense minister said it is important for the two countries to respect each other's core interests and major concerns, consolidate mutual trust and decrease suspicion and misjudgment, and properly settle differences and sensitive issues in order to keep bilateral military ties in a healthy track.
来源:资阳报