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ZHAOYUAN, Shandong, Aug. 7 (Xinhua) -- Fourteen miners were confirmed dead, 23 others still trapped underground while 292 were lift to the ground safely following a fire that engulfed a gold mine in east China's Shandong Province Friday, local authorities said early Saturday morning.A total of 329 miners were working underground when the fire broke out at about 5 p.m. at the Luoshan Gold Mine run by Lingnan Mining Co. Ltd. in Zhaoyuan city, a spokesman with the rescue headquarters told Xinhua.Three hundred and six were lifted to the ground as of 5 a.m., but 14 of them were found dead, he said.Twenty-three people were still trapped underground, with 21 miners' locations identified, he added.Dozens of injured miners had been sent to two local hospitals, he said.An initial investigation showed that the fire was likely caused by an underground cable. Police were further investigating the incident.The mine owner had been taken into police custody, he said.Over 100 rescuers are working at the scene. Provincial Party chief Jiang Yikang and governor Jiang Daming have rushed to the scene to oversee the rescue work.

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 7 (Xinhua) -- Agricultural Bank of China (ABC), the last of the country's largest four banks to go public, announced Wednesday that it has set its A-share initial public offering (IPO) price at 2.68 yuan per share, hitting the high end of its IPO price range.The pricing of the shares means the bank could raise up to 10.12 billion U.S. dollars via the Shanghai portion of the IPO, as a greenshoe option has been exercised to expand the deal by 15 percent to 25.57 billion shares, ABC said in a statement filed with the Shanghai Stock Exchange.ABC plans a dual listing in Shanghai and Hong Kong in mid-July to replenish its capital base after a lending spree last year.It has yet to set the final IPO price for its Hong Kong portion, where it plans to sell 25.41 billion shares, excluding an over-allotment option.ABC set the price range for the Hong Kong portion at 2.88 to 3.48 HK dollars in late June.

BEIJING, June 18 (Xinhua) -- A senior Chinese government official has called for more efforts to promote increased awareness about energy-savings among the public and increase investments into research for energy-saving technologies.Vice Premier Li Keqiang made the remark in his letter to sponsors of China's 20th national energy-saving publicity week (June 12 to June 18) that ended on Friday.Various campaigns and promotional activities were held during the week to increase awareness about conserving energy among all communities and also promote energy-saving practices, Li said in the letter.Li, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, said government should put more investment into research for energy-saving technologies.Additionally, long-term mechanisms for energy-savings should be established so that the 11th Five-Year Plan energy-saving goals could be realized, Li said.China seeks to reduce energy consumption per unit of gross domestic product (GDP) by 20 percent in 2010 compared to 2005 levels, according to the country's 11th five-year plan (2006-2010).The 20th national energy-saving publicity week was sponsored by the National Development and Reform Commission and 13 other government agencies.

TORONTO, June 28 (Xinhua) -- Chinese President Hu Jintao's visit to Canada and his attendance at the Toronto G20 summit from June 23 to June 27 have successfully strengthened mutual trust and expanded cooperation, accompanying Chinese Foreign Minister Yang Jiechi said on Monday.President Hu conducted busy diplomatic activities by attending over 30 bilateral and multilateral events over the past few days, Yang said.During his visit to Canada, Hu, viewing development of China-Canada ties from a long-term perspective, worked with different parties in an extensive, thorough and meticulous way, and profoundly explained China's important views on boosting China-Canada pragmatic cooperation in various fields and advancing development of the bilateral strategic partnership.During the G20 summit, Hu, from a strategic height, comprehensively introduced China's stances on how to promote the all-round recovery of the global economy and guide the transformation of the G20, and helped the summit in yielding positive results in strengthening the macro-economic policy coordination between different countries, fully implementing the consensus of the previous three G20 summits and enhancing mechanism building of the G20.President Hu's visit and attendance are far-sighted, pragmatic, effective and fruitful, and have achieved complete successes, Yang said.During his visit to Canada, Hu, in spirit of "strengthening dialogue, boosting mutual trust, expanding cooperation and creating a better future", exchanged views extensively with the Canadian leaders and people from all walks of life, clarified strategically the importance and urgency of developing China-Canada ties in the new situation, and emphasized that both sides should stick to the correct direction of bilateral ties and make joint efforts to comprehensively push forward the China-Canada strategic partnership.Pragmatic cooperation in various fields serves the foundation for China-Canada ties. President Hu delivered a speech on the promotion of the all-round development of the China-Canada strategic partnership.Hu brought forward five proposals for boosting China-Canada trade and economic cooperation, which were positively responded by the Canadian side.Both the Chinese and Canadian leaders agreed to strive to increase bilateral trade to 60 billion U.S. dollars in 2015.Moreover, the two governments and the two countries' companies signed 10 cooperation documents on trade and economy, tourism, quality-inspection, law-enforcement, and energy and minerals.Cultural and person-to-person exchanges are of great significance to strengthening the public foundation for China-Canada ties. Hu announced that China would establish a China Cultural Center in Canada and invite 100 local Canadian educational officers and headmasters of primary and middle schools to visit China this year and another 100 Canadian middle school students to attend a summer camp in China next year.Various circles and public opinions in Canada responded positively to Hu's visit. They said they believed the trip had played an important role in promoting Canada-China relations, according to Yang.During the G20 summit, President Hu delivered an important speech entitled "Work in unity for the future," comprehensively introduced China's view on the current world economy, appealed to all parties to continue to carry forward the coordination spirit, and push the world economy into a new stage of vigorous, sustainable and balanced growth as early as possible.Hu presented a three-point proposal for this aim.First, all countries need to turn the G20 from an effective mechanism for tackling the global financial crisis to a major platform for promoting international economic cooperation.Secondly, efforts should be made to accelerate the establishment of a new international financial order that is fair, equitable, inclusive and well-managed.And last, all countries should promote the building of an open and free global trade system."The complex world economic situation makes it necessary for the G20 to play a guiding role. We need to take a longer-term perspective and shift the focus of the G20 from coordinating stimulus measures to coordinating growth, from addressing short-term contingencies to promoting long-term governance and from passive response to proactive planning," Hu said.These views were widely agreed and responded by leaders of countries participating in the summit.Hu said efforts should be made to keep the organic unity of the vigorous, sustainable and balanced growth.A vigorous growth is the foundation of the world economy, a sustainable growth is the aim, while a balanced growth is the means, he said.President Hu's speech was widely believed by leaders attending the summit as objective, balanced, profound, sharp-sighted, and to the point, giving out a right direction for development of the world economy.On the sidelines of the summit, President Hu also met respectively his U.S., Russian, Indonesian, South Korean counterparts Barack Obama, Dmitry Medvedev, Susilo Bambang Yudhoyono and Lee Myung-bak, and British and Japanese prime ministers David Cameron and Naoto Kan. They exchanged in-depth views on further boosting political mutual trust, bilateral ties, pragmatic and mutually beneficial cooperation, and the healthy and stable development of the G20. The meetings have vigorously pushed forward China's ties with the countries.Yang said President Hu's visit to Canada and attendance of the G20 summit had lifted the China-Canada strategic partnership, boosted the G20's healthy development and the world economy's full-scale recovery.China is willing to further deepen China-Canada ties, and make joint efforts with other G20 members in building a better future for the world economy, said the foreign minister.