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BEIJING, April 13 (Xinhua) -- Chinese shares rose 2.84 percent Monday, advancing for a third consecutive day to a nearly eight-month high, on hopes that the economy had outperformed expectations in the first quarter.     Premier Wen Jiabao told reporters in Thailand Saturday that the economy showed signs of better-than-expected changes during the first quarter as a result of the economic stimulus package.     The National Bureau of Statistics is scheduled to release first-quarter growth data Thursday, which are expected to demonstrate a recovery in the world's fastest-growing economy. An investor is inside a securities firm in Chengdu, southwest China's Sichuan Province April 13, 2009    Data already announced have been positive. The central bank said over the weekend that new loans increased 1.89 trillion yuan (about 278 billion U.S. dollars) in March, the third straight month that new loans exceeded 1 trillion yuan.     Economists said the March figure indicated that China's liquidity was abundant, which was crucial to an economic recovery.     Wen said industrial output rose 8.3 percent in March, up from a record low of 3.8 percent in the first two months of the year.     The benchmark Shanghai Composite Index reacted to the positive news and closed at 2,513.7 points, up 69.48 points. The Shenzhen Component Index was up 2.08 percent, or 194.36 points, to 9539.8.     Gains outnumbered losses by 616 to 205 in Shanghai and 532 to 173 in Shenzhen.     Combined turnover rose to 280.46 billion yuan from 239.98 billion yuan the previous trading day.     Coal producers led gains Monday on speculation that coal prices might be raised. The country's largest coal producer, China Shenhua Energy, and six other producers, surged by the daily limit of 10 percent.     Steel stocks gained on hopes of more demand as industrial output picked up. Baoshan Iron & Steel, the nation's top steel maker, rose 4 percent to 5.97 yuan.     PetroChina went up 4 percent to 11.94 yuan and Sinopec rose 5.34 percent to 9.47 yuan on news that the country might soon announce details on a stimulus package for the petrochemical sector.     Shipping lines and other cargo carriers gained broadly on anticipation of an economic recovery. China Cosco rose by the daily limit of 10 percent to 12.87 yuan. China Shipping Development climbed 10 percent to 13.08 yuan. China Southern Airlines, one of the nation's three major carriers, rose 6.22 percent to 6.15 yuan.     Securities analysts expressed optimism about continued gains in the near term. Shanghai-based Shiji Investment said in a report that heavyweights had showed signs of robust performance and the market may rise to new highs.     Analysts at Huaxun, an on-line financial information service, said the market would find support at about 2,450 to 2,470 on buoyant confidence, with investors anticipating a recovery.

PARIS, Feb. 25 (Xinhua) -- Two controversial ancient Chinese relics were auctioned off on Wednesday night for 14 million euros (17.92 million U.S. dollars) each by anonymous telephone bidders in Christie's sale of the collection of Yves Saint Laurent and Pierre Berge in the Grand Palace of Paris.     According to Christie's, they have received 8 phone calls for "enquiries" before the sale. After the auction was launched, the competition was only conducted between telephone bidders, with no one in the scene raised for a bid. The bronze sculpture of a rabbit's head, which is an ancient Chinese relic, is auctioned in the Grand Palace of Paris in Paris, France, Feb. 25, 2009. Two controversial ancient Chinese relics including the bronze sculptures of a rat's head and a rabbit's head, were auctioned off on Wednesday night for 14 million euros each by anonymous telephone bidders in Christies's sale of the collection of Yves Saint Laurant and Pierre Berge in Paris. The sculptures were looted by invading Anglo-French expedition army in the 19th century, when the invaders burned down the royal garden of Yuanmingyuan in BeijingChristie's refused to disclose who were the bidders at a press conference afterward.     The bronze sculptures, a rat's head and a rabbit's head, were looted by invading Anglo-French expedition army in the 19th century, when the invaders burned down the royal garden of Yuanmingyuan in Beijing.     Li Huan, a Chinese student in France told Xinhua that the two bronzes are news for the French, but history for the Chinese. Earlier this night, some Chinese students in France voluntarily went to the Grand Palace, distributing sheets introducing the history of Yuanmingyuan and the Second Opium War in 1860.The bronze sculpture of a rat's head, which is an ancient Chinese relic, is auctioned in the Grand Palace of Paris in Paris, France, Feb. 25, 2009. Two controversial ancient Chinese relics including the bronze sculptures of a rat's head and a rabbit's head, were auctioned off on Wednesday night for 14 million euros each by anonymous telephone bidders in Christies's sale of the collection of Yves Saint Laurant and Pierre Berge in Paris. The sculptures were looted by invading Anglo-French expedition army in the 19th century, when the invaders burned down the royal garden of Yuanmingyuan in Beijing."They should know more about the history. Although we failed in the lawsuit, justice will not fail," said Li.     The Tribunal de Grande Instance in Paris ruled against stopping the sale of the two bronzes on Monday, and the Association for the protection of Chinese Art in Europe (APACE) was ordered to pay compensation to the defendant.     Ren Xiaohong, a lawyer for APACE, told Xinhua that it was "of great significance" to file the lawsuit. "We hope to arouse public attention in Europe on the fate of numerous Chinese works stolen in the past, to help keep those relics well protected and collected," Ren said.     "My heart sank when the court refused our appeal," said Bernard Gomez, president of APACE, adding that "I hope the bidders are Chinese, I hope the two relics could go home eventually."     Bernard Brizay, French historian and journalist, as well as the author of "1860: the Looting of the Summer Palace" told Xinhua after the two bronzes were sold that he could understand the Chinese feelings towards the two relics. He said, "the two bronzes should be returned to China, no matter who got the bids."     Brizay also scorned on the offer by Pierre Berge, Yves Saint Laurent's partner. He used five "stupid" on Berge's words. "Combining the two relics with human rights and Tibet issues has no difference with blackmailing for ransom," he said.     The Chinese government formally called on Tuesday for the cancellation of the auction of the two bronzes. "The State Administration of Cultural Heritage has formally informed the auctioneer of our strong opposition to the auction, and clearly demanded its cancellation," said Ma Chaoxu, Chinese Foreign Ministry spokesman in a press conference.     "Using the pretext of human rights to infringe on the Chinese people's fundamental cultural rights is just ridiculous," Ma said.     The two bronze sculptures are part of the art collection of the late fashion designer Yves Saint Laurent. So far, five of the 12 bronze animal fountainheads have been returned to China, while the whereabouts of five others are unknown. A photographer takes a picture of the Chinese bronze rat head and rabbit head sculptures displayed on the preview of the auction of Yves Saint Laurent and Pierre Berge's art collection at the Grand Palais in Paris, France, Feb. 21, 2009

BEIJING, March 22 (Xinhua) -- Chinese Vice Premier Li Keqiang said here Sunday China is confident and capable of achieving its 2009 economic targets and will strengthen cooperation with the international community to fight the global financial crisis.     Despite the financial crisis impact that increased difficulties for economic operations, "the fundamentals of Chinese economy and its good outlook in the long term have not changed," said Li at the opening of the China Development Forum 2009.     China has set an 8-percent target for annual economic expansion this year after diminishing foreign orders dented exports and slowed growth to a seven-year low of 9 percent year-on-year in 2008.     To boost domestic consumption and growth, the government will exert itself to tackle issues of immediate concern to ordinary Chinese citizens such as employment, education, health care, housing and environmental protection, said Li. Chinese Vice Premier Li Keqiang addresses the opening ceremony of the China Development Forum 2009 in Beijing, capital of China, March 22, 2009    The country will speed up the building of a social security system covering both urban and rural residents and gradually perfect the social safety net that guarantees people's basic livelihood, he said. "This helps adjust income distribution and raise people's spending capabilities."     In addition, Li pledged stronger moves in reforming pricing, taxation and financial mechanisms to remove "institutional barriers" on the way of development.     Reform plans must be well-implemented, said Li. They included an 850 billion-yuan (124 billion U.S. dollars) medical reform plan and a comprehensive value-added tax (VAT) reform to cut enterprise and individual burdens by approximately 500 billion yuan this year.     Li also promised to maintain a stable scale of foreign trade and use of foreign capital, saying China will further open up and make use of markets and resources both at home and abroad.     China's foreign direct investment fell for the fifth consecutive month in February to 5.83 billion U.S. dollars, down 15.81 percent year-on-year. Its foreign trade was 124.95 billion U.S. dollars last month, down 24.9 percent year-on-year.     "While managing its own affairs well, China is willing to join hands with other countries and play an active role in international cooperation against the financial crisis," said Li.     The continuous growth of China's economy not only concerns the wellbeing of 1.3 billion Chinese but is also a great contribution to the world economy, he told the forum.     He called on all countries to take actions together to promote future growth of the world economy, saying the crisis should bring about "profound thinking about the world economic development and the human kind's future destiny".     People of insight in all countries should dig the deep roots of the global financial crisis and explore effective ways of preventing the crisis from spreading and avoiding a replay of such crises, said Li.     The China Development Forum 2009 runs in Beijing from Saturday to Monday with the theme of China's Development and Reform in the Global Financial Crisis.

BEIJING, Feb. 9 (Xinhua) -- Chinese equities continued gains on Monday from last week's trading and advanced to a four-month high since late September as signs of an economic recovery, a raft of stimulus plans and a rally in the U.S. stock market boosted confidence, said analysts.     The government rolled out plans to revive the textile industry and machinery manufacturing industry last week after auto and steel stimulus packages. Measures to support the shipping industry, the non-ferrous metal industry and others are yet to come.     These efforts helped buoyed market confidence, said analysts. The country's economy was resilient and posted signs of recovery, partially because of the economic stimulus plans as the Purchasing Managers' Index (PMI) of the manufacturing sector released on Feb.4 rose to 45.3 in January from 41.2 in December.     The Shanghai A-share index rose 43.47 points, or 1.99 percent, to close at 2,224.71, and the Shenzhen Component Index posted a bigger rise of 4.06 percent, or 315.79 points, to 8,087.69.     Combined turnover climbed to a nearly nine-month high at 235.5 billion yuan (34.5 billion U.S. dollars), up from the 189.6 billion yuan from the previous trading day.     Gains outnumber losses by 841 to 29 in Shanghai and 713 to 34 in Shenzhen.     Non-ferrous metal rose across the board boosted by rising metal prices. Shanghai copper surged by its daily limit of 5 percent, or1,400 yuan per tonne to 29,510 yuan per tonne. Shanghai aluminum rose 3.56 percent to 12,225 yuan per tonne. Their gains also lifted other base metals.     Aluminum Corporation of China, the country's largest aluminum producer, advanced by the daily limit of 10 percent to end at 9.56yuan. Yunnan copper, China's third largest smelter of the metal, rose by the daily limit of 10 percent to 13.07 yuan. Liaoning-based Huludao Zinc Industry also gained by the daily limit of 10 percent to 4.16 yuan.     China Cosco Holdings Co. surged by the daily limit of 10 percent to 10.74 yuan after the Baltic Dry Index, a gauge of commodity shipping costs, posted a strong rise of 53 percent over last week. China Shipping Container Lines Company moved up 6.49 percent to 3.34 yuan.

PORT LOUIS, Feb. 16 (Xinhua) -- Chinese President Hu Jintao arrived Monday in Port Louis, the capital of Mauritius, for a state visit aimed at enhancing bilateral friendship and cooperation.     He was greeted at the airport by Mauritian Prime Minister Navinchandra Ramgoolam. Chinese President Hu Jintao (L Front) shakes hands with Mauritian Prime Minister Navinchandra Ramgoolam greeting him upon his arrival in Port Louis for a state visit Feb. 16, 2009. "The China-Mauritius relationship has become a model of solidarity and cooperation between two developing countries," Hu said in a statement released upon his arrival.     The two countries have carried out fruitful cooperation in such fields as economy, trade, culture, education and tourism since they forged diplomatic ties in 1972, Hu said. Chinese President Hu Jintao (L Front), accompanied by Mauritian Prime Minister Navinchandra Ramgoolam (R Front), inpsects the honor guard upon his arrival in Port Louis for a state visit Feb. 16, 2009His visit will enhance mutual understanding and trust, deepen the traditional friendship and promote mutually beneficial cooperation between China and Mauritius, said the Chinese president.     It will also help take China-Mauritius relations to a new high, Hu added. Chinese President Hu Jintao (R Front), accompanied by Mauritian Prime Minister Navinchandra Ramgoolam (L), inpsects the honor guard upon his arrival in Port Louis for a state visit Feb. 16, 2009. During the visit, the last leg of his five-nation "journey of friendship and cooperation," Hu is expected to meet with Mauritian President Anerood Jugnauth and hold talks with Ramgoolam.     The two countries will sign a number of cooperation documents during Hu's two-day visit.     Hu flew into Port Louis from Dar es Salaam, after paying a state visit to Tanzania. He earlier visited Saudi Arabia, Mali and Senegal.