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BEIJING, July 24 (Xinhua) - China's economy is unlikely to see a "double dip" in the second half of this year, and the economic growth for the remaining six months is expected to surpass 9 percent, according to a Bank of Communications report released Saturday.China's economic growth will slow down in the next half year, while consumer prices would fall from its peak, said the nation's fifth largest commercial bank in a report on the outlook of China's economy for the second half of 2010"For China, it is never a recession unless the economic growth drops below 7 percent," said Lian Ping, chief economist with the Shanghai-based bank.The growth is sustainable and healthy for the economy as the growth rate stays around 9 percent, he said.China's exports, a major force driving the economic growth, would continue to rebound in the second half, and the growth for the entire year would stay above 20 percent, according to the report.For the latter half of 2010 consumption is to grow by 18.5 percent from a year ago while investment growth will drop steadily to about 21 percent due to government support to the private sector and strategic emerging industries, it said.Increasing labor costs, resources and food prices is expected to push up China's consumer prices, but the growth would be restrained in the second half due to the slowing money supply and eased imported inflationary pressures, it said.China's gross domestic product (GDP) expanded 11.1 percent in the first six months of this year from one year earlier, data from the National Bureau of Statistics (NBS) showed.China's consumer price index stood at 2.6 percent in the first half of 2010, according to the NBS, while retail sales and fixed asset investments grew 18.2 percent and 25 percent year on year, respectively.China would maintain a stable monetary policy for the rest of the year since the global economic condition is still complicated, and an interest rate hike is unlikely to be seen, said the report.The bank estimated that new loans for the entire year would stand between 7 to 8 trillion yuan (1.03 trillion to 1.18 trillion U.S. dollars).The bank also forecasted in the report that the Chinese government would remain tough with the property sector, but there is little possibility for additional curbs on the market. Property investment would largely fall, but there will not be a significant decline in property prices.Lian suggested that the Chinese government pay attention to the possible cumulative effect of policies on the economy and keep market liquidity at a reasonable level.
BEIJING, Aug. 19 (Xinhua) -- China's domestic corn supply was adequate, and a recent price increase was the result of market speculation, a senior official told Xinhua Thursday.Shang Qiangmin, director at the China National Grain and Oils Information Center, said both the supply and corn reserves were adequate in China and the government was determined to regulate the corn market."Imbalance between corn supply and demand is a misjudgement," Shang said.Although floods that ravaged the country's northeastern regions in late July have caused adverse impacts on regional corn growing, final output was expected to increase from one year earlier due to the expanding of planting areas, Shang said."China has enough corn reserves to meet market demand," he said.The buying boom in the northeastern region is currently caused by enterprises' increasing corn stocks on speculation of price increase, he said.According to Shang, corn stocks at major grain enterprises in northeastern Jilin, Liaoning and Heilongjiang provinces, and Inner Mongolia Autonomous Region, increased by 5.12 million tonnes at the end of July compared with one year earlier.The Chinese government has strengthened macro control of corn market by increasing supply and cracking down on illegal activities that force up corn prices.As the world's major corn producer and consumer, China's annual corn production and consumption both exceed 150 million tonnes.

BEIJING, June 17 (Xinhuanet) -- Flooding and landslides triggered by recent heavy rain have killed at least 42 people as of Wednesday in the worst hit provinces like Guangxi, Fujian and Sichuan, while 49 others are still missing.Storms are forecast to continue to sweep across most parts of South China over the next 10 days, with some areas due to receive 250mm of rain, the China Meteorological Administration said on Wednesday.The national weather forecaster said rainstorms will also hit Guizhou, Sichuan, Fujian and Guangdong the following week.The National Meteorological Center issued a yellow alert on Wednesday morning for heavy rain across parts of China. Residents wade through the waterlogged street in Nanning, southwest China's Guangxi Zhuang Autonomous Region, on June 15. A fresh spell of heavy rains has pounded Guangxi since June 14, triggering floods in some regions of Guangxi.A statement on the center's website urges officials in several provinces, including Fujian, Zhejiang and Guangdong, to prepare for "possible floods and geological hazards".Guangxi flood control and drought relief headquarters said on Wednesday that, as of Tuesday, the death toll from the recent spell of bad weather had climbed to 10 in the province, with 15 missing, and direct economic losses of nearly 400 million yuan (.8 million). The rain had also damaged 61 roads, ruined 66 dams and destroyed 1,170 houses.
BEIJING, July 21 (Xinhua) -- Food poisoning in China killed 56 and sickened 2,452 others between January and May this year, the Ministry of Health said here Wednesday.In a report posted on its website, the ministry said 27 people, about half of the deaths, were killed by food poisoning at home.The deaths were mainly caused by the consumption of poisonous vegetables and pesticide- or poison-contaminated food.There were 68 cases of food poisoning at employee and student cafeterias nationwide in the five months resulting in the poisoning of almost 1,650 people and the deaths of 18. Bacteria-induced food poisoning and improperly cooked kidney beans were the main causes.Seven people were killed by excessive intakes of nitrite, a substance with an appearance similar to salt which can be used as a meat preservatives.The report urged food manufacturers to ensure food safety in accordance with law and called on the public to raise food safety self-awareness levels.
BEIJING, July 14 (Xinhua) -- China publicized regulations on natural disaster relief on Wednesday.The regulations, which make clear the responsibility of governments in disaster relief work, will take effect Sept. 1, 2010.According to the regulations, leaders of governments at all levels will be held accountable for relief work, and the nationwide relief work is to be commanded by the national disaster reduction authority.The regulations also stipulates that governments above county level are responsible for mapping out emergency response plans, providing transportation and communication facilities to disaster relief work, designating emergency shelters and training disaster relief teams.Further, the Legislative Affairs Office of the State Council issued a statement Wednesday, further clarifying the regulations.The statement notes that China is a natural disaster prone country. Over the past two decades, natural disasters have killed 4,300 people each year.The central government has allocated over 5 billion yuan (737 million US dollars) of annual relief fund during the past five years.The statement goes on to say that disaster relief work is still plagued by several problems, such as slack supervision over donations and other concerns.To address this problem, the regulations stipulate that donations could only be used in relief work. Governments at all levels, including grass-roots communities, should make public all information about donors, amounts of donations, and its specific usage.The regulations also stipulates that governments at all levels must devise a supervisory system dealing with complaints and whistle blowers, to prevent abuse of disaster relief donations and materials.
来源:资阳报