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ZHOUQU, Gansu, Aug. 15 (Xinhua) -- Amid sirens and blaring horns, people across China Sunday stood in tribute to victims of a massive mudslide in a remote northwest town.Chinese leaders, students, workers and members of the public paused for three minutes from 10 a.m. Sunday, a week after the devastating mudslide hit Zhouqu County, in Gannan Tibetan Autonomous Prefecture of Gansu Province.At least 1,248 people have died and 496 are listed as missing.Chinese President Hu Jintao, top legislator Wu Bangguo, Premier Wen Jiabao and other top Chinese leaders stood and paid silent tribute to the victims at the beginning of a meeting by the Standing Committee of the Political Bureau of the Communist Party of China Central Committee held in Beijing on Sunday morning.DEEP GRIEFAt the Dongjie Village in Zhouqu, more than 5,000 rescuers and villagers stood still on the debris of mudslide, bowing their heads in commemoration of those killed in the disaster.A huge black banner hung in front of the mourners, and wreaths lay on the ground. The white lettering on the banner read, "Mourning in deep grief for deceased compatriots of the Zhouqu massive mudslide.""I only feel sad as I stand on the debris of our homes," said villager Zhang Xiujuan."Although my husband, my son and I survived, I lost more than 30 relatives in the mudslide," she said.In Dongjie, two thirds of the families were buried when the mudslide struck. And 368 of the 848 villagers died in the disaster.Before and after the three-minute tribute, rescuers including troops and medical workers continued to clear the debris, searching for bodies and spraying disinfectant in the area.Some survivors sat silently on the debris, still holding out hope that the bodies of relatives could be found.

BEIJING,Aug 9(Xinhuanet) -- China's high savings rate is expected to fall substantially in coming years as its workforce shrinks, the population ages and social security spending increases, a BIS report shows.In research published by the Bank for International Settlements (BIS) on the “myth and reality” of China’s savings rate, Ma Guonan and Wang Yi found that the Asian giant needs its population to spend more in order to sustain rapid economic growth in coming years.The researchers, who were writing in their personal capacity, also reject claims that Chinese State firms have been benefiting from high savings thanks to exchange rate distortions and subsidies designed to drive economic growth.They point out that “less advantaged” and more efficient firms have been the ones posting the greatest gains in earnings in recent years rather than State-owned companies.China’s gross national savings soared from 39.2 percent of output in 1990 to 53.2 percent in 2008, far higher than the United States, which saved only 12.2 percent in 2008.Even compared to other Asian giants — Japan with 27 percent in 2007 and India with 33.6 percent in 2008 — China’s share of savings as a percentage of gross domestic product (GDP) is significantly larger.Nonetheless, the population and social trends that have underpinned China’s growth and savings rates are likely tail off significantly over the next decade, the two Chinese researchers argued.In the wake of the global slump, world leaders and economists have been asking China to spend more, rather than pin its economic growth on exports to the West, in order to help address world trade imbalances.Ma, a BIS economist and Wang, who is from the Chinese central bank, said however that the current savings trend by Chinese households will not last.The swelling working population in recent years has boosted savings in recent years, they said.In addition, large-scale corporate restructuring between 1995 and 2005 increased job uncertainty, forcing workers to set aside more money in case they were fired. The lack of a social safety net also pushed workers to make “precautionary savings.”Beyond households, government savings have also been increasing in tandem, as more is being set aside to meet pension needs which are expected to rise significantly as the population ages.However, these trends are expected to be reversed in coming years.“It is reasonable to assume that the large-scale labor retrenchment observed during 1995 to 2008 is by and large been behind us,” say the researchers.In addition, China is expected to enter into a phase of “accelerated population ageing within a decade.” This means that the workforce will decline, leading to a fall in overall income and therefore savings.At the same time, infrastructure spending is expected to continue, in order to provide for the ageing population and the urbanization of the country.

OTTAWA, June 24 (Xinhua) -- Visiting Chinese President Hu Jintao met Canadian Prime Minister Stephen Harper on Thursday for talks on the development of China-Canada ties.The two leaders are also expected to exchange views on major global and regional issues of common concern, said Chinese diplomats.According to the schedule, Hu and Harper will attend a signing ceremony of cooperation documents following their talks.Hu flew into Ottawa on Wednesday for a state visit to Canada.This year marks the 40th anniversary of the establishment of diplomatic relations between China and Canada.

ASHGABAD, June 18 (Xinhua) -- He Guoqiang, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee met here on Friday with Akja Nurberdiyeva, chairperson of the Mejlis, or the Turkmen parliament.He, also secretary of the CPC's Central Commission for Discipline Inspection, said parliamentary exchanges constitute an important component of the bilateral ties and play a significant role in promoting cooperation in all areas and friendship between the two peoples.He said China would like to promote parliamentary cooperation with Turkmanistan to make new contribution to the bilateral ties.Nurberdiyeva said the main task of the Turkmen parliament is to ensure the political, economic and social development of the country, and it will promote exchanges with the Chinese National People's Congress and learn from each other so as to achieve common progress.He Guoqiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee, meets with with Akja Nurberdiyeva, chairperson of the Mejlis, or the Turkmen parliament in Ashgabad, June 18, 2010. Also on Friday, He met with the first secretary of the political committee of the Turkmen democratic party Kasymguly Babayev. He made three-point proposal on further party-to-party exchanges -- to maintain the exchanges of the high-level visits to promote mutual understanding and trust; to exchange experience on the governance of the party and country to achieve common prosperity; to promote the contacts between the young politicians.Babayev said the Turkmen democratic party and the CPC should enhance cooperation to contribute to the development of Turkmenistan-China ties. Turkmenistan is the last leg of He's five- nation tour. He already visited Italy, Iceland, Norway and Lithuania. He will conclude the visit to Turkmanistan and return to Beijing on Saturday.

YICHANG, Hubei, July 28 (Xinhua) -- China's Three Gorges Dam on the swollen Yangtze River is experiencing another test as flood flows peaking at 56, 000 cubic meters per second, the greatest peak flood of the year, arrived at the dam at 8 a.m. Wednesday, engineers said.The dam buffered the flood by discharging water at a rate of 40,000 cubic meters per second, holding up 16,000 cubic meters in a second, they said.The water level of the reservoir behind the dam rose to 158 meters at 8 a.m. Wednesday, about 17 meters under its maximum capacity of 175 meters. Flood waters are sluiced with the water outflux monitored at 40,000 cubic meters per second at Three Gorges Dam in Yichang, central China's Hubei Province, July 20, 2010. China's Three Gorges Dam project on the Yangtze River stood its biggest flood-control test at 8 a.m onTuesday since completion.Continuous downpours in weeks boosted the water levels of the upper reaches of the Yangtze.The flow on the Yangtze's upper reaches topped 70,000 cubic meters a second on July 20, the highest level since the dam was completed last year and 20,000 cubic meters more than the flow during the 1998 floods that killed 4,150 people.

来源：资阳报