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BEIJING, June 11 (Xinhua) -- Chinese equities rose slightly Friday after the release of strong May economic data but concerns over policy tightening and other uncertainties left market participants cautious.China's consumer price index (CPI), the main gauge of inflation, increased in May by 3.1 percent from a year ago, the highest rate of increase since November 2008, according to figures released by the National Bureau of Statistics (NBS).The NBS data showed that growth in factory production and investment continued to slow while retail sales, the main gauge of consumer spending, grew 18.7 percent in May year on year from 18.5 percent in April.Affected by slower industrial output growth and higher-than-expected CPI data, the Shanghai Composite Index initially rose but fell in the afternoon to close at 2,569.94 points, up 0.29 percent, or 7.36 points, from the previous close.The Shenzhen Component Index rose 17.11 points, or 0.17 percent, to end at 10,239.33.Total turnover shrank to 152.66 billion yuan (22.35 billion U.S. dollars) from 167.53 billion yuan the previous trading day.Losers outnumbered gainers by 488 to 359 in Shanghai and 572 to 368 in Shenzhen.Analysts believe the slower growth in industrial output was due to recent tightening measures and that the market has turned cautious as the May CPI figure outpaced the 3-percent ceiling the government has set for this year.Lu Ting, China economist at Bank of America-Merrill Lynch, said China's rising inflation may be interpreted negatively by markets.However, according to Yu Yang, an analyst at Galaxy Securities, the CPI is still "under control" and there is little possibility for a rate hike.Analysts also pointed out the decreased turnover volume reflected the fact some investors have taken a wait-and-see attitude ahead of next week's holidays.Chinese markets will be closed from Saturday to Wednesday for the traditional Dragon Boat Festival Holiday.Coal shares led the rise with a 1.8 percent gain as the May producer price index (PPI), a major measure of inflation at the wholesale level, rose 7.1 percent year on year, outpacing the CPI growth.China Shenhua Energy Co., the country's biggest coal producer, climbed 0.78 percent to 23.35 yuan.

BEIJING, July 14 (Xinhua) -- Rainstorms and floods sweeping through south China have left at least 118 people dead and 47 missing since July 1, said a statement on the Civil Affairs Ministry website Wednesday.By 4 p.m. Wednesday, more than 32.3 million people in 10 southern provinces and Chongqing Municipality had been affected by continuous rainstorms and floods, the ministry said.About 101,000 houses were destroyed and close to 1.1 million people had been relocated, it said.Direct economic losses were estimated at 22.2 billion yuan (about 3.3 billion U.S. dollars).In Anhui Province alone, at least four people had been confirmed dead since July 8, whereas direct economic losses amounted to 2.3 billion yuan.The ministry had allocated 3,000 tents, 3,000 folding beds, and 20,000 quilts to Anhui.In Hubei Province, rain-triggered floods and disasters have left 28 people dead and two others missing since July 3, the provincial civil affairs administration said Wednesday.Rains and floods have disrupted lives of 9.24 million people, forcing more than 256,700 people to be relocated. Nearly 34,000 houses toppled and 923,700 hectares of crops were damaged, incurring 7.64 billion yuan in direct economic losses.In Yunnan Province, at least three people were killed and more than 1,000 residents were affected after a downpour hit Hongqiao Township in Lijiang City Wednesday.

BEIJING, July 26 (Xinhua) -- China's centrally administered state-owned enterprises (SOEs) jointly donated over 1.42 billion yuan (212.53 million U.S. dollars) for charitable work during the first half of 2010, the state assets watchdog said Monday.The money came from 107 of the 125 central SOEs which are overseen by China's State Assets Supervision and Administration Commission (SASAC), according to a statement posted on the SASAC's website.Some 53.63 percent of the donated funds went to disaster-hit areas, including China's southwest provinces, which were hit by a once-in-a-century drought earlier this year, and Yushu Prefecture of Qinghai Province, where a devastating earthquake struck in April.China's largest coal producer, Shenhua Group, and two oil giants, PetroChina Co. and China National Offshore Oil Corp., ranked top three in the list of the most generous donors, with their donation accounting for 36.78 percent of the total.

BEIJING, June 21 (Xinhua) -- A senior Communist Party of China official Monday said China is ready to enhance cooperation with the Democratic People's Republic of Korea (DPRK).Li Yuanchao, head of the Organization Department of the CPC Central Committee, made the remarks when meeting with a delegation of the Workers' Party of Korea, which was led by Kim Chang Ryong, the DPRK's Minister of Land and Environment Protection, in Beijing.Hailing the constant growth of China-DPRK relations, Li, a member of the Political Bureau of the CPC Central Committee and the Secretariat of the CPC Central Committee, reviewed the successful visit by the DPRK top leader Kim Jong Il in May.Chinese President Hu Jintao and Kim Jong Il reached important consensus on promoting bilateral pragmatic cooperation during that visit.China would work with the DPRK to fulfill the consensus and expand bilateral cooperation to push forward China-DPRK relations, Li said.Kim Chang Ryong said the DPRK held the unswerving policy of cementing and promoting friendship with China. The DPRK would work with China to enhance ties in accordance with the willingness of top leaders from both sides.The DPRK delegation is in China on a visit from June 12 to 22 at the invitation of the CPC. Besides Beijing, they also visited north China's Tianjin Municipality, and Dalian and Shenyang, both cities in northeast China's Liaoning Province.Wang Jiarui, head of the International Department of the CPC Central Committee, met with the delegation earlier Monday.

BEIJING, June 11 (Xinhua) -- China's retail sales, the main gauge of consumer spending in the world's fastest-growing economy, rose 18.7 percent year on year to 1.25 trillion yuan (183 billion U.S. dollars) in May, the National Bureau of Statistics (NBS) announced Friday.The growth rate was 3.5 percentage points higher than the same period last year and 0.2 percentage points higher than April's, said NBS spokesman Sheng Laiyun.Urban consumption hit 1.08 trillion yuan in May, up 19.1 percent year on year, while rural residents spent 163.7 billion yuan, up 15.8 percent.  A woman walks by a sale advertising poster in Beijing, capital of China, May 11, 2010.In the first five months, total retail sales climbed 18.2 percent to 6.03 trillion yuan. The growth rate was 3.2 percentage points higher than the same period last year.The government rolled out a series of incentives to bolster consumption to counter the fallout from the global economic downturn, including subsidies for home appliances in rural areas and tax breaks for auto purchases, in early 2009, among others.China's auto sales in May rose 28.35 percent from a year earlier to 1.44 million units, bringing combined sales in the first five months to 7.6 million units, up 53.25 percent from a year earlier.Monthly sales of home appliances in China's countryside surged 220 percent year on year in May to 12.6 billion yuan. The figure for January-May period was 54.35 billion yuan, up 400 percent from year on year.

来源：资阳报