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BEIJING, June 23 (Xinhua) -- Chinese President Hu Jintao left Beijing for Canada Wednesday afternoon to pay a state visit to the country and attend the fourth Group of 20 (G20) summit scheduled for June 26-27 in Toronto.Hu is invited by Canadian Governor-General Michaelle Jean and Prime Minister Stephen Harper.At this summit, G20 leaders will discuss ways to consolidate the recovery of the world economy and the reform of the international financial system in the aftermath of the global financial crisis.
HEFEI, July 11 (Xinhua) -- More than 4,200 people have been removed after flood-hit dykes of a river in Anhui Province suffered breaches, the local government said Sunday.Bainian river that flows across Anqing and Tongcheng cities reported five minor dyke breaches between 10 a.m.to 11:30 a.m. Sunday, forcing the evacuation.The people have been sent to safe places and no casualties have been reported so far, according to the flood-control and drought-relief headquarters of Anhui.Water levels in some rivers and lakes have exceeded the warning lines since July 8 when heavy rains began to pound the province.Rainstorms have disrupted the lives of more than 2 million people in 29 counties across Anhui Province since July 8.Rainstorms have disrupted the lives of more than 2 million people in 29 counties across Anhui, forcing more than 8,100 residents to be removed to safe places.Initial investigations showed more than 1,800 houses collapsed and some 10,000 were damaged by downpours, which incurred 500 million yuan (73.8 million U.S. dollars) in direct economic losses.A total of 14.92 million people in 10 provinces and regions along China's longest river, the Yangtze, have had their lives disrupted after torrential rains began pounding since July 8, a statement from the Office of State Flood Control and Drought Relief Headquarters (SFDH) said Sunday.China's Central Meteorological Station warned Sunday that rainstorms would again batter many provinces and regions in the coming days bringing with it bigger risks of new flooding and other geological disasters in central and eastern China.From Monday until Wednesday, the observatory forecast some regions in provinces including Guizhou, Hunan, Hubei, and Anhui will see heavy rain.Eastern Jiangsu, Zhejiang, Jiangxi, central Henan, Chongqing and Shanghai will also see rainstorms during the next three days.

BEIJING, Aug. 20 (Xinhua) -- China's Ministry of Education on Friday said that Taiwan's new amended laws would be beneficial to the cross-Strait educational exchanges.On Thursday, the Taiwan regional legislature adopted amendments to three laws, which would allow local colleges to accept students from the Chinese mainland and recognize degrees from mainland schools, except for medical schools.The ministry said in a statement that Taiwan should not put in place discriminatory policies that might harm mainland students."We hope related authorities in Taiwan could make good plans, offering attractive colleges and majors for, and take effective measures to protect the legitimate rights and interests of mainland students," said the statement.Under the amended laws, mainland students can not apply for schools and colleges related to the island's security nor attend the exams of civil servants and professionals such as doctors and lawyers.Taiwan's education department said in a statement that it would issue two detailed regulations in line with the amendments in September. The first group of postgraduate students are expected to arrive next March and the first college students can enroll next September.
HONG KONG, Aug. 22 (Xinhua) -- China Construction Bank (CCB), the country's second largest bank, said Sunday its net profit in the first half of this year jumped 27 percent to reach 70.78 billion yuan (10.4 billion U.S. dollars) from a year earlier and its non-performing loan (NPL) ratio dropped to 1.22 percent.In a filing to the Hong Kong stock exchange, CCB said its profit before tax amounted to 92.19 billion yuan, up 27.2 percent year on year.RAPID GROWTH IN H1Key contributors to the rapid year-on-year growth of net profit were increased credit supply, service and product innovation, and decreased impairment losses, according to the statement.Regarding credit supply, the bank said its average balance of interest-bearing assets rose by 18.26 percent in the first half, prompting net interest income to surge by 15.33 billion yuan, or 15 percent.On service and product innovation, CCB said net fee and commission income rose by 10.22 billion yuan, or 43.63 percent year on year, as a result of sustained rapid expansion of fee-based business.The Beijing-based lender also said its impairment losses fell by 2.995 billion yuan, or 23.36 percent, due to price rally in foreign currency debt securities with the improving market.CCB President Zhang Jianguo said in the statement that there were signs of recovery in developed economies and robust growth of emerging economies against the backdrop of a gradually warming-up global economy in the first half.China has sustained rapid economic growth, thanks to the government's ongoing stimulation of domestic demand, he said. Foreign trade has gradually improved, while investment and consumption spending have continued to expand at a fast pace, and China's overall financial market performed steadily in the first half.Amid the European sovereign debt crisis and the Chinese government's macro-control policies in the property sector, domestic capital and property markets have undergone noticeable adjustments and are experiencing increasing uncertainties about the future market direction, he said.According to the statement, CCB's net interest income was 117.8 billion yuan, an increase of 15.33 billion, or 14.96 percent year on year.But compared to the same period of 2009, CCB's net interest spread for the first half of this year had dropped by two basis points to 2.32 percent, largely because the yield of interest- bearing assets decreased more than the cost of interest-bearing liabilities, it said.In the first half, CCB's interest income surged by 11.22 billion yuan, or 6.66 percent year on year to 179.65 billion yuan. While the interest expense was 61.85 billion yuan, a year-on-year decrease of 4.12 billion yuan, or 6.24 percent.The bank said its credit asset quality had steadily improved, with non-performing loans standing at 65.17 billion yuan by the end of June this year, a decrease of nearly 7 billion yuan over the end of 2009.
BEIJING, June 29 (Xinhua) -- China's top political advisory body Tuesday started a new seminar to improve the capabilities of 296 national political advisors in advising the government work.During the four-day seminar, the participants, who were from 34 walks of life, will attend lectures and hold panel discussions focusing such topics as how to persisting in and improving the system of multi-party cooperation and political consultation under the leadership of the Communist Party of China, as well as the basic requirements for advisors to better perform their duties.Jia Qinglin, Chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), the top advisory body in China, met with the participants at the opening ceremony of the seminar.The seminar is the fifth of the kind ever organized by the 11th CPPCC National Committee. Altogether 1,342 CPPCC members have attended the seminars.
来源:资阳报