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TAIYUAN/HARBIN, Aug. 1 (Xinhua) -- The death toll in an explosion at a coal mine in Linfen City of north China's Shanxi Province early Saturday has risen to 17 after another two bodies were found, local authorities said.The blast at Liugou Coal Mine of Yicheng County also left 104 persons injured, seven of them seriously, as of 11 p.m. Saturday, said Wang Jianshe, head of the county's People's Hospital, where all the injured were admitted.All the injured are in stable condition, Wang said.Basic search and rescue work is over, said a senior official of Yangquan Coal Industry (Group) Co. Ltd, which owns the mine. The official said that the blast took place in the dormitory area, where most of buildings were destroyed by the powerful explosion.A miner surnamed Zhang told Xinhua that families of many miners had come to live here because the children were currently on their summer vacation.But officials so far have not disclosed how many children and women had died during the accident.Zhang said he saw a couple died after huge stones fell on them in a dormitory room.Initial investigation showed that the blast was caused by explosives hidden illegally in the area, and a suspect has been detained by the police, the official said.A further Investigation into the cause of the blast is underway.Also on Saturday, 24 people were trapped in a flooded coal mine in northeast China's Jixi City, Heilongjiang Province.The city government said the accident at Hengxinyuan Mine took place at around 5 p.m. Saturday. No further detail is available immediately.

BEIJING, June 23 (Xinhua) -- Chinese banks should set up an independent risk management system in line with its strategic expansion plan as part of efforts to ward off financial risks, China's banking regulator said Wednesday.The breakout of the global financial crisis highlighted the necessity of increasing management of differentiated sovereign risks, the China Banking Regulatory Commission said in a guideline published on its website.Just as Chinese banks were expanding throughout the world, the overseas risks they were facing were on the rise, the guideline noted.Sovereign risks refer to ones that banks are exposed to when overseas borrowers or debtors are unable to repay debt because of their countries' economic, political and social changes.Chinese lenders were required to differentiate risks according to the countries involved and make policies on the minimum potential loan loss provisions ranging from 0.5 percent to 50 percent, according to the guideline.The banks must meet the requirements under the guideline by June 1, 2011.

BEIJING, June 18 (Xinhua) -- China has become the world's third largest stock market as total market value of the Shanghai and Shenzhen markets hit 20.96 trillion yuan (3.07 trillion U.S. dollars) as of the end of May, the country's securities regulator said Friday.The total market value so far was up 393.76 percent compared to the 2003 level, the China Securities Regulatory Commission said.

BEIJING, Aug. 13 (Xinhua) -- The State Administration of Civil Service Thursday announced a plan to select personnel for central government organizations from the grass-roots level.In all, 30 civil servants will be selected and assigned to 11 ministry-level organizations such as the ministries of foreign affairs, education, agriculture and culture.Civil servants working in government organizations in the province, city, county and village levels can apply for these posts.However, those at the provincial level will have to have two-years of grassroots work experience while village-level civil servants must have at least three-years of work experience.The written test and interview for the selection will be held in September.According to a statement released by the administration, the plan aims to create a system of cultivating civil servants from the frontline and grass-root levels for optimizing the structure of civil servants in central government departments.

BEIJING, Aug. 15 (Xinhua) -- Thousands of people gathered at the Tian'anmen Square in central Beijing early Sunday morning to watch a national flag hoisted to full height and then lowered to half-mast, mourning victims of a massive mudslide in northwest China's Zhouqu County one week ago.A flag at half-mast is also seen at Xinhuamen, the main entrance of Zhongnanhai, the headquarters of the Communist Party of China and the central government, as part of the one-day national mourning.The State Council announced Saturday that Chinese flags across the country and at overseas embassies and consulates would be lowered to half-mast Sunday to mourn the victims of the devastating mudslide.Public entertainment will be suspended Sunday in a show of mourning, said the announcement by the State Council, China's cabinet.The mudslide hit Zhouqu County, Gannan Tibetan Autonomous Prefecture in southern Gansu Province, on Aug. 8, leaving 1,239 people dead and 505 missing.Soon after Sunday midnight, front pages of Chinese websites turned to black and white, in a show of mourning.Public recreational activities, such as movies, karaoke, and on-line entertainment including games and music are set to be suspended Sunday, according to an urgent circular issued by the Ministry of Culture.Mourning ceremonies will also be held Sunday in Zhouqu County and Lanzhou, capital city of Gansu. A silent tribute will be observed at 10 a.m..Sunday is the seventh day since the mudslide occurred and, according to some Chinese traditions, the seventh day after a death marks the height of the mourning period.Large-scale national displays of mourning are rare in China.China observed a three-day national mourning period after the 2008 Sichuan earthquake, and a one-day national mourning after the Yushu quake on April 14 this year.On both occasions, the national flag was lowered to half-mast and all public entertainment was suspended.