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BEIJING, Sept. 15 (Xinhua) - China is still likely to meet its full-year inflation target this year despite the August inflation rate quickening to a 22-month high of 3.5 percent year on year, officials from the country' s top economic planer said Wednesday.In August, the consumer price index (CPI) rose mainly by increased prices of food products like pork and eggs, as the coming Mid-Autumn festival in China had boosted the consumption of food items, according to the National Development and Reform Commission (NDRC).Further, the price rise of vegetables due to seasonal reasons contributed to the August CPI increase, said the NDRC authorities.The upcoming autumn harvest, which accounts for about 70 percent of China's annual grain output, is expected to stabilize food prices, which have a one-third weighting in the calculation of the CPI, said the NDRC.The NDRC also revealed that China would place central pork reserves on the market, which means pork prices cannot rise higher.Further, the industrial consumer prices are remaining stable with a slight decline, and this is not conducive to inflation, according to the NDRC.These elements are assisting in the drop of the CPI through the rest of the year, and is helpful for China to attain its full year inflation target, it added.China has targeted a 3 percent rise in consumer prices this year.
URUMQI, Sept. 25 (Xinhua) -- Senior Chinese leader Zhou Yongkang has called for breakthroughs in the development of northwest China's Xinjiang Uygur Autonomous Region during his five-day inspection tour there.Breakthroughs should be achieved in efforts to resettle herdsmen, promote bilingual and vocational education, utilize natural resources, and develop industrial parks, said Zhou, a Standing Committee member of the Political Bureau of the Communist Party of China Central Committee.Zhou told local officials to thoroughly carry out policies set by the central government to develop Xinjiang and strive for the improvement of well-being for the locals.Zhou traveled across the sprawling Xinjiang, about one sixth of China's territory, from Sept. 19 to 24. He visited rural households, schools, farms, a crude oil pipeline station at China-Kazakstan border, industrial zones, and army camps.

BEIJING, Oct. 12 (Xinhua) -- China as well as Latin American and Caribbean countries celebrated here on Tuesday the 50th anniversary of the inauguration of diplomatic relations at a reception.Addressing the reception, Chinese Foreign Minister Yang Jiechi said the past fifty years have witnessed significant progress in the ties between China as well as Latin American and Caribbean countries, citing deepening political mutual trust, win-win cooperation on all fronts and strengthened friendship between their people.The People's Republic of China forged diplomatic ties with Cuba in Sept. 1960 at the ambassadorial level, heralding its relations with Latin American and Caribbean countries.Yang said that the Chinese government values its ties with Latin American and Caribbean countries, cherishes the friendship of their people and is always devoted to boosting their friendly cooperation of mutual benefits.China as well as Latin American and Caribbean countries, both as the developing countries, have common interests in achieving sustainable development, promoting world multi-polarization and jointly dealing with global challenges, Yang said.Yang called on the two sides to work together to advance the comprehensive and cooperative partnership featuring equality, mutual benefit and common development.Dean of the Diplomatic Corps of Latin American and Caribbean Countries in China, Guillermo Velez hailed the friendly cooperation between the nations in their region and China over the last fifty years.Guillermo Velez, also Colombian ambassador to China, said that Latin American and Caribbean countries attach importance to relations with China and firmly believe in the development of bilateral ties featuring friendly political relations and robust pragmatic cooperation.Almost 200 guests, including Chinese government officials, diplomats from the Latin American and Caribbean countries in China and personalities of various circles of the two sides, attended the reception.
HAIKOU, Oct. 17 (Xinhua) - More than 100,000 people have been evacuated as a new round of torrential rains battered China's southernmost island province of Hainan, local authorities said Sunday.Floods have inundated more than 200 villages in the cities of Haikou, Wenchang and Qionghai, said Sun Wei, deputy director of disaster relief and public services department with the provincial meteorological bureau.Residents who have been displaced are living in government buildings and school classrooms, or at the homes of relatives and friends, Sun said.A pedlar works on the rain flooded street in Qionghai, south China's Hainan Province, Oct. 17, 2010. Heavy rainfall hit Qionghai again on Sunday.From Friday to mid Sunday the province received 200 mm of rainfall, on average, and the rainfall in some places was even as high as 426 mm, he told reporters.The new round of rainstorms added to the misery after floods plagued the province earlier this month.Many local rivers are running with water levels now higher than their warning marks and over 70 percent of 1,100 reservoirs have safety concerns, said Wang Zhenxing, deputy director of the provincial flood control and drought relief office.With the flood situation still worsening, Hainan will face further rainstorms with the approaching super typhoon Megi, the strongest typhoon this year, beginning next Friday.
BEIJING, Oct. 18 (Xinhua) -- There will be unrelenting efforts to crack down on activities such as illegal financing and pyramid selling by insurance agents, the China Insurance Regulatory Commission (CIRC) said Monday.The CIRC issued the statement on its website after two cases came to the attention of the insurance regulatory bureaus in Liaoning and Zhejiang provinces.In Liaoning, He Feng, head of the Chende Insurance Agent Company, was detained for collecting capital at high interest rates. In Zhejiang, the license of the Hangzhou Minfeng Insurance Agent Company Limited was canceled for luring policyholders by exaggerating prospective earnings.The CIRC reminded the public not to be misled by similar claims and encouraged them to report illegal activities to reduce their losses.
来源:资阳报