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BEIJING, Aug. 22 (Xinhua) -- Wuhan Iron and Steel Company Ltd., the listed subsidiary of China's third largest steel maker, said Sunday that its net profit rose 90.43 percent year on year to 963.53 million yuan (141.7 million U.S. dollars) during the first half of the year as strong economic growth boosted steel demand and prices.The company's first-half-year sales reached 34.36 billion yuan, up 50.72 percent from one year earlier, it said in a statement delivered to the Shanghai Stock Exchange.However, costs also climbed in the first six months compared with a year earlier because of increases in raw material prices, it said.Production costs for steel products gained 47.12 percent year on year to 31.18 billion yuan. Further, the company's steel output in the first half of the year gained 29.75 percent year on year to 8.04 million tonnes.China's producer price index, a major gauge of inflation at the wholesale level, rose 6 percent in the January-June period, according to statistics released by the National Bureau of Statistics.However, the company was likely to face a "difficult time" in the second half of 2010 and meeting its full-year profit target would become a "challenging task" as demand from auto, home appliance and real estate sectors experienced "drastic changes" since July, leading to more restrained sales and falling prices, it said.Company officials also worried that high prices of iron ore, coal and electricity would further push up production costs and squeeze profit margins.On Friday, the price of its shares fell 2.87 percent to 4.73 yuan on the Shanghai bourse.

BEIJING, July 8 (Xinhua) -- A senior Chinese leader in charge of disciplinary and supervision work Thursday stressed the need for higher-caliber anti-graft officials in the country's fight against corruption.He Guoqiang, a Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remark at a forum with representatives of municipal-district level anti-corruption officials.He, also head of the CPC Central Commission for Discipline Inspection, told the anti-corruption officials to stand firm in their faith of socialism and remain vigilant in the fight against corruption.He said the officials should improve their work skills through theoretical studies and training.The anti-corruption officials should always be people-oriented and carefully listen to public opinion, He said.He also told the officials that it was imperative for them to be self-disciplined and clean-handed to show an example.China trained more than 2,000 anti-graft officials at county level nationwide in 2009 and over 400 officials at city level in this June.About 850 anti-graft officials at municipal-district level around China are being trained in Beijing currently.

HAVANA, July 31 (Xinhua) -- Visiting Chinese Foreign Minister Yang Jiechi on Saturday said that China and Cuba share profound traditional friendship and huge potential for boosting bilateral cooperation.In an interview on his ongoing trip to the Caribbean island state, Yang spoke highly of the friendship between the two countries, which he said has been deeply rooted in the hearts of the two peoples.Noting that Cuba was the first Latin American country to establish diplomatic ties with China, the top Chinese diplomat said that the China-Cuba relations, characterized by friendly cooperation of mutual benefits, have stood various tests during the past five decades despite the constant changes of the volatile international situation. Cuba's leader Raul Castro (R) meets with visiting Chinese Foreign Minister Yang Jiechi in Havana, capital of Cuba, Aug. 1, 2010.Meanwhile, recent years have seen the two countries gain mounting momentum in the development of their relations and the two peoples show increasing readiness for more exchange and cooperation, Yang added.

BEIJING, July 27 (Xinhua) -- Senior Chinese official Li Changchun called for stepped-up efforts to reform the countries cultural sector at a meeting held recently and joined by publicity and culture chiefs from China's central government.Li also urged more progress to be made in the development and prosperity of China's cultural industries.Li, a Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee, presided over the meeting. State Councilor Liu Yandong and Liu Yunshan, head of the Publicity Department of the CPC Central Committee, attended the meeting.

BEIJING, July 8 (Xinhua) -- Local authorities in central and southwest China were put on alert Thursday to fight heavy storms and floods -- termed to be the worst in a decade in some regions -- just as days-long heat wave that had scorched large areas across the country ended.The National Meteorological Center Thursday evening raised the storm alert to "orange", one step below the highest rating on a four-color scale.It said heavy rains had started to pound central Hubei and Anhui provinces since Thursday and heavy rainfall was predicted in at least ten provinces and region in central and southwest China in the next 24 hours.Three girls play at a fountain to enjoy coolness at the Tianjin University in north China's Tianjin Municipality, July 5, 2010. The local meteorologic authority has issued an orange alarm against high temperature.In Hubei, one person was killed after floods hit three counties and a city in the province' s north, affecting 500,000 residents and submerging parts of the areas in one-meter deep water, provincial disaster relief authorities said.More than 27,370 hectares of farmland were flooded, 242 houses collapsed and at least 10,157 residents were evacuated from flooded homes, the disaster relief office of Hubei Provincial Civil Affairs Bureau said.