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TIANJIN, Dec. 31 (Xinhua) -- A subway train of six cars being assembled rolled off a production line Friday at a production base in north China's Tianjin Municipality, according to China South Locomotive & Rolling Stock Corporation (CSR).The subway train is the first of the kind ever produced at the CSR Tianjin Industrial Park, said CSR's chairman, Zhao Xiaogang.The train, designed to run at a speed of 80 km per hour, has a holding capacity of 1,800 passengers. It will will be used in Tianjin's Subway Line 3, which will begin service in 2011.The production base, with an initial investment of 3 billion yuan (455 million U.S. dollars), can produce 100 to 200 trains a year. It will attain a capacity of producing 500 trains annually in the next five years, according to Zhao.Analysts say the base's first product marked Tianjin's efforts to encourage the development of modern and more advanced industries in the city.The production base will boost the development of emerging industries in Tianjin and contribute to China's economic transformation, Zhao said.CSR, a state-owned company with more than 80,000 employees, produces about 70 percent of all high-speed trains China.

BEIJING, Dec. 20 (Xinhua) -- A draft amendment to China's Criminal Law remained unchanged in reducing the number of crimes subject to the death penalty.The draft amendment was submitted Monday to the Standing Committee of the National People's Congress (NPC), China's top legislature, for its second reading.In August this year, the NPC Standing Committee discussed the draft amendment during its first reading. The draft amendment will make 13 crimes exempt from capital punishment, if it becomes law.The crimes included: smuggling cultural relics, gold, silver, and other precious metals and rare animals and their products out of the country; carrying out fraudulent activities with financial bills; carrying out fraudulent activities with letters of credit; the false issuance of exclusive value-added tax invoices to defraud export tax refunds or to offset taxes; the forging or selling of forged exclusive value-added tax invoices; the teaching of crime-committing methods; and robbing ancient cultural ruins.During the process of the NPC Standing Committee's discussion, when the draft amendment was released for public submissions, some people suggested some of the 13 crimes be given death penalty while others thought that more crimes should be exempt from capital punishment.If the amendment becomes law, it will be the first time the number of crimes subject to the death penalty has been reduced since the People's Republic of China enacted its criminal law in 1979. It will also be a move by China to limit the use of the death penalty, after the Supreme People's Court in 2007 began to review and approve all death penalty decisions.The current law allows the death penalty for 68 crimes. The draft amendment, if passed, will reduce that number to 55.

BEIJING, Nov. 28 (Xinhua) -- China National Offshore Oil Company Limited (CNOOC) said Sunday Bridas Corporation, a joint-venture equally-owned by CNOOC International Limited and Argentina-based Bridas Energy Holdings (BEH), will acquire a 60 percent equity interest in Pan American Energy (PAE) from BP for approximately 7.06 billion U.S. dollars.The acquisition excludes PAE's assets in Bolivia, according to a statement on the website of CNOOC, China's largest offshore oil and gas producer.CNOOC International, a wholly owned subsidiary of the company, and BEH have agreed to contribute about 4.94 billion U.S. dollars to Bridas to finance 70 percent of the proposed acquisition. The contribution will be made in equal amounts of approximately 2.47 billion U.S. dollars by CNOOC International and BEH.The remaining 30 percent, or approximately 2.12 billion U.S. dollars, will be satisfied by third party loans to be arranged by Bridas and additional contributions from CNOOC International and BEH.Completion of the acquisition is conditional on, among others factors, all necessary government and regulatory approvals, and is expected to take place in the first half of 2011.In the first half of 2010, CNOOC International and BEH completed the formation of a half-half joint venture in Bridas.

NANJING, Dec. 13 (Xinhua) -- About 5,000 Chinese and foreigners gathered Monday in Nanjing, capital of east China's Jiangsu Province, to mourn hundreds of thousands of people who were killed by invading Japanese troops 73 years ago.Participants in the ceremony stood in silent tribute, offered wreaths and bowed in front of the Memorial Hall of the Victims in the Nanjing Massacre, with sirens wailing in the drizzling morning on Monday, the 73rd anniversary of the massive slaughter."The Japanese soldiers invaded Nanjing when I was four, and they killed some of my family members. On the anniversary of the massacre every year I would come here to express my grief," said Sun Xuelan, a 77-year-old survivor, who is confined to a wheelchair.Japanese troops occupied Nanjing on Dec. 13, 1937 and began a six-week massacre. Records show more than 300,000 people -- not only disarmed soldiers , but also civilians -- were killed.Mikhalchev Mikhail, deputy director of the Central Museum of the Great Patriotic War in Russia, said, "In the history of human civilization, some facts shouldn't be forgotten, and the Nanjing Massacre was one of them."He noted that the tragedy had become a symbol of the Chinese people's bitter suffering and prompted all people to learn the preciousness of peace.""We should remember the history, but not hatred. Peace is a common desire of all human beings," said Nanjing citizen Yu Hong , who attended the ceremony.Besides the memorial ceremony, Buddhist monks from China and Japan held a religious service Monday at the Memorial Hall of the Victims of the Nanjing Massacre.The assembly was attended by 15 monks from six Buddhist temples in Japan, more than 50 monks and Buddhist believers from China and thirty Massacre survivors and relatives of victims.The monks chanted Buddhist prayers of mourning and prayed for peace.Aori Take Shuna, abbot of Japan's Reiunti Temple, read a poem he wrote to honor the dead and prayed for long-term friendship between the peoples of China and Japan.Yamauchi Sayoko, who was a representative of a sect of Japanese Buddhism, said that the people of Japan, which invaded and occupied China in the 1930s and 1940s, were deeply regretful for the victims of the war and sincerely hoped such a tragedy would never be repeated.Built in 1985, the memorial hall annually records five million visitors since it was expanded and renovated in 2007.Zhu Chengshan, curator of the hall, said that every year when the anniversary of the Nanjing Massacre occurs , nearly 10,000 Nanjing citizens would swarm the hall and spontaneously mourn the victims.On Sunday, workers began to extend a memorial wall at the memorial hall on which names of those killed are engraved.After the extension, the wall would have 10,324 names, 1,724 more than three years ago, Zhu said.Collecting the names of the victims was an important job in researching the Massacre, but it was difficult to find witnesses and documents decades later, he said.Moreover, a group of historians from China, Japan and the United States has begun compiling an encyclopedia on the Nanjing Massacre, which was expected to embody a wide range of historical documents and pictures. "The dictionary may serve as a consolation to the deceased," Zhu said.

BEIJING, Dec.23 (Xinhua) -- China is tightening regulation on foreign investment in the real estate sector to crack down on speculation, according to a statement from the Ministry of Commerce(MOC) on Thursday.The ministry urges local authorities to increase checks and supervision on property investment that involved foreign investors and strengthen risk controls on the sector, said the statement posted on the MOC web site.According to the statement, foreign-funded developers are not allowed to make profits through buying and reselling real estate projects, which will be strictly monitored by the MOC along with the Ministry of Land and Resources and the State Administration of Foreign Exchange.The ministry also required local authorities to tighten scrutiny over foreign-funded investment companies and not to allow those companies to enter the real estate businesses, while closely examining the exact amount of foreign funds used in new real estate projects.Foreign direct investment(FDI) into China's property sector jumped 48 percent to 20.1 billion U.S. dollars in the first eleven months of this year, compared to a 17.73 percent growth in the total FDI in the same period, according to earlier MOC data.China introduced a group of measures to crack down on property market speculation and rein in skyrocketing home prices since the beginning of this year, including prohibiting the issuance of mortgage loans for third home purchases and raising down-payments.The government is also guarding against possible "hot money" inflows that might complicate China's policy to fight inflation.Property prices in 70 major Chinese cities rose 0.3 percent in November, month on month, and 7.7 percent year on year, according to the National Bureau of Statistics.