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BEIJING, May 22 (Xinhua) -- Twenty-nine large and medium-sized Chinese steel producers reported 5.18 billion yuan (762.46 million U.S. dollars) in aggregate losses in the first four months, the China Iron and Steel Association (CISA) said here Friday. The 29 producers were among 72 surveyed by CISA, the association's vice chairman, Luo Bingsheng, said. The 72 companies reported 575.59 billion yuan in revenue, down 18.9 percent year on year, Luo said. They paid 15.42 billion yuan in taxes, down 85.07 percent year on year, Luo said. Losses were mainly caused by slumping domestic steel prices, Luo said. Many producers have cut costs, and the production cost of steel dropped 13.75 percent in the first quarter, Luo said.

BEIJING, June 2 (Xinhua) -- Representatives from the Communist Party of China (CPC) and the ruling United Russia Party met Tuesday to exchange views on the international financial crisis. "This is the first official and high-level dialogue between the Chinese and Russian ruling parties," said Wang Jiarui, head of the International Department of the CPC Central Committee of his meeting with United Russia Party's council presidium secretary Vyacheslav Volodin. Wang and Volodin signed an agreement on party-to-party cooperation on later Tuesday. Chinese Vice President Xi Jinping attended the signing ceremony. Xi hailed the Sino-Russian relationship when meeting with Volodin before the ceremony, saying that China would work with Russia to promote stable and healthy growth of the ties, in a bid to benefit the two nations and peoples. Chinese Vice President Xi Jinping (R) meets with Vyacheslav Volodin, vice chairman of the Russian State Duma, in Beijing, capital of China, June 2, 2009 Volodin, and vice-chairman of the Russian State Duma, said his party valued the cooperation with the CPC. Volodin and his delegation were here on a visit from May 31 to June 3 at the invitation of the International Department of the CPC Central Committee.
FLORENCE, Italy, July 7 (Xinhua) -- Visiting Chinese President Hu Jintao said Tuesday that China highly values its relations with Italy and is willing to broaden consensus and deepen pragmatic cooperation with the country in various fields. Bilateral relations have developed smoothly since China and Italy established diplomatic relations 39 years ago, Hu said at a meeting with senior Italian officials, including Culture Minister Sandro Bondi and Toscana Region's President Claudio Martini. He added that the two countries have further deepened their cooperation in politics, economy, culture and other fields especially since they set up an all-around strategic partnership in 2004. Chinese President Hu Jintao (R) meets with Giancarlo Galan, president of Italy's Veneto region, in Venice, Italy, on July 7, 2009 On regional cooperation between the two countries, the president said he is convinced that with the joint efforts from both sides, new achievements will be made in cooperation between Toscana Region and relevant regions in China. Bondi and other Italian officials welcomed Hu's visit to Florence, capital of Toscana Region, and said they were inspired by China's development over the past years and would enhance exchanges with China so as to bring the friendly relations at the local level to a new height. Italy will actively participate in the 2010 Shanghai World Expo and strive to ensure the "Chinese Culture Year" next year in Italy a success, the officials added. Hu arrived in Rome on Sunday for a state visit to Italy.
来源:资阳报