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GUANGZHOU, April 20 (Xinhua) -- Three people were confirmed dead in mud flows and strong winds caused by Typhoon Neoguri in south China's Guangdong Province, said the provincial flood-control headquarters on Sunday. The typhoon claimed two lives in Shenzhen City, when a mud flow inundated a section of road under construction. One person was hit and killed by an aluminum sheet blown off a stadium roof by strong gales in Zhuhai City, according a headquarters official. The headquarters did not identify the victims. A jeep and a pedicab inch against water on the flooded road in Shandou City, south China's Guangdong Province, April 20, 2008. Typhoon Neoguri, the first of its kind hitting China this year, brought to Shantou City a heavy rainfall lasting for more than 10 hours on Sunday Neoguri hit south China on Saturday with heavy rains and strong winds. The headquarters received reports of damage from the cities of Yangjiang, Jiangmen, Zhuhai and Shenzhen. Vehicles inch against water on flooded roads in Shandou City, south China's Guangdong Province, April 20, 2008. Typhoon Neoguri, the first of its kind hitting China this year, brought to Shantou City a heavy rainfall lasting for more than 10 hours on SundayIn Yangjiang City, the typhoon's landing point, 274,000 people were affected and 7,000 hectares of farmland were inundated. Losses from suspension of industrial production and damage of embankments and telecommunications facilities were valued at 96 million yuan (14 million U.S. dollars). According to the provincial observatory, the center of the storm is moving eastward to Shanwei City on the eastern coast of Guangdong, which is receiving up to 112 millimeters of rain per hour. The headquarters said water levels in all major reservoirs in the province were under the danger mark as of Sunday. But the risks of mountain torrents and mud flows were still high, since rains brought by Neoguri were expected to continue.
BEIJING, Aug. 20 (Xinhua) -- Chinese President Hu Jintao on Wednesday paid a morale-boosting visit to the country's Paralympic athletes, urging them to "strive to become strong and fight for the best." With 16 days to go until the opening ceremony in Beijing, Hu, accompanied by Vice President Xi Jinping, went to the training center for Paralympic athletes in a northeastern suburb of the capital in the morning. Chinese President Hu Jintao shakes hands with an athlete at the training center for Paralympic athletes in Beijing, China, Aug. 20, 2008.More than 300 Chinese athletes competing in the Sept. 6-17 Games were busy training at the center, the country's first national-level training facility for disabled athletes. The 547-member China delegation, the largest in history, will participate in all 20 events during the upcoming Paralympics. Hu watched the training of the athletes in track and field, football, swimming and wheelchair basketball. He cheered on Li Duan who had lost his sight 12 years ago in an accident, as he practiced long jump under the guidance of his coach. Li won two gold medals at the 2004 Athens Paralympics. Chinese President Hu Jintao cheers on swimmers at the training center for Paralympic athletes in Beijing, China, Aug. 20, 2008 "I heard you used to play basketball and switched to long jump after an accident. It must have not been easy for you." Hu said while holding the blind man's hands. "A soldier could be injured, but he remained a soldier. An armyman could fall down, but his will was unbeatable," Li, a soldier in service, responded in high spirit. He said he would fight for better performances at the Beijing Games. Hu also shook hands with other track and field athletes, and looked over the artificial limbs and racing wheelchairs they used. "I was here to cheer for you before the opening of the Games, and I was moved to see all of you striving to become stronger and training very hard." He wished them all good luck during the Games. Chinese President Hu Jintao holds a football after writing "striving to become strong and fighting for the best" on it at the training center for Paralympic athletes in Beijing, China, Aug. 20, 2008. Hu also watched football players afflicted with cerebral palsy in training. They were the first-such group from China to represent the country in the Paralympics. He wrote on a football "striving to become strong and fighting for the best," after the 12 athletes gave the president a football with their own signatures. He said he hoped they would not only fight in the upcoming competition, but also in their daily lives. At the swimming stadium, Hu said he believed the athletes would fully demonstrate their abilities and bring some glory for the country. Chinese swimmers had performed well in previous events. Chinese President Hu Jintao shakes hands with wheelchair basketball players at the training center for Paralympic athletes in Beijing, China, Aug. 20, 2008Hu opened a game for wheelchair basketball players, and applauded the frequent baskets by the athletes. He urged players to put participation before winning and enjoy the fun of the Games. Hu also visited a downtown community home for the disabled after he left the training center to find out about the community services provided for the ordinary handicapped population in the capital. Chinese President Hu Jintao shakes hands with a disabled man who is playing chess in Shichahai community home for the disabled in Beijing, China, Aug. 20, 2008. At the special home set in a courtyard, he chatted with the disabled who were painting, writing, surfing on the Internet, playing Chinese chess or receiving recovery exercises. He also joined some mentally-challenged people who were learning to make pizzas and dumplings, and another 20 handicapped making handicrafts such as bracelets and cloth paintings. "The country will take more measures and make more efforts to improve the living conditions to let all the handicapped have a happy life in their mother country," Hu pledged.
BEIJING, April 4 (Xinhua) -- Some 600,000 people visited graveyards in the suburbs of Chinese capital Beijing on Friday, about triple last year's figure of 189,000, according to official statistics. On Dec. 16, the State Council (cabinet) revised the nation's official holiday schedule to add three traditional festivals -- Qingming, Duanwu and Zhongqiu -- in response to public calls. It also changed the length of other holidays. A citizen mourns her relative in a cemetery in Guangzhou, capital of southern China's Guangdong Province, April 4, 2008. The Chinese Qingming Festival, a day two weeks after the vernal equinox, is also called the Tomb-sweeping Day, when Chinese people usually mourn their deceased relatives, pay homage to martyrs and sweep the tombs of the departed. The holiday marked on Friday was Qingming, or grave-sweeping day. The change was intended to allow more people to pay their respects to deceased relatives on what would otherwise be a workday like Friday. No national figures on this year's tomb visits were immediately available. Unlike Beijing, many residents of Shanghai, China's largest metropolis and one of the most densely-populated cities, have to go to neighboring cities to visit relatives' tombs. People are walking to a cemetery in the west of Beijing on Friday, April 4, 2008. The Chinese traditional Qingming Festival falls on Friday this year, which is the occasion for Chinese people to pay respect to past ancestors by cleaning their graves, presenting offerings of food, and burning joss paper.Space for the dead is at even more of a premium in Shanghai than for the living, and the city's graveyards long ago stopped accepting new remains. Suzhou, Jiangsu Province, receives 900,000 tomb-sweepers from Shanghai every year. Friday was a day of remembrance in many areas of China. In Huangling County, Shaanxi Province, 8,000 people including some senior officials attended the annual memorial service at the tomb of Huangdi, the "Yellow Emperor" of Chinese legend. Governor Yuan Chunqing addressed the gathering and expressed his hopes that the Beijing Olympic Games would be successful, the reunification of China would occur and the world would become harmonious. Scholars say that Qingming has preserved the "feeling" of being Chinese across the generations. "Traditional culture has been infused with new spirits in different eras, and this is the mysterious power of Chinese Culture," Shi Aidong of the Chinese Academy of Social Sciences, told Xinhua in an interview. Qingming is always a day of bitter memories for residents of Nanjing, the provincial capital of Jiangsu. The Memorial Hall of the Nanjing Massacre received numerous domestic visitors -- and many from Japan. "We, from the aggressor side of the war, want to show regret to the victims on this special day," said one of the Japanese visitors. In December 1937, invading Japanese troops slaughtered 300,000 Chinese soldiers and civilians in the city, which was then the national capital. Many of the bodies were never properly interred, and many of the Chinese visiting the memorial on Friday have no graves to visit. Fuzhou, the capital of Fujian Province in east China, unveiled a monument ln honor of the thousands of firefighters died on duty since 1949. It is the first such monument in the country.
BEIJING, June 6 -- Shareholders of China Vanke Co, the country's largest publicly traded property developer, have approved a decision to spend 100 million yuan to rebuild homes in quake-stricken Sichuan. The company has been under fire from netizens since the earthquake after Wang Shi, its high-profile chairman, announced the real estate giant would donate 2 million yuan to the quake-hit areas and told his employees not to donate more than 10 yuan. In the face of the ensuing barrage of criticism by the media and netizens, Wang apologized on his blog. At yesterday's meeting, he apologized to shareholders as well: "I want to apologize unconditionally to all shareholders, I won't try to defend myself." Wang also admitted his comments about quake donations have damaged Vanke's brand image and he was sorry for that. As a lesson from this episode, Wang said, Vanke would have a spokesperson in the future and try to desist from doing anything that hits its share prices, as it did this time. Workers rebuild a road between quake-hit Dujiangyan city and Wenchuan county."If Vanke's performance suffers because of my personal comments, I will resign immediately," said Wang. Some shareholders, however, worry the apology may have come too late. "As a public figure, he should learn from this experience," said a shareholder who preferred not to be named. Analysts said the meeting and Wang's apology will take some pressure off Vanke. "It is not easy for a public figure like Wang Shi to apologize - either in public or in front of shareholders," said Zhang Luan, an analyst from Haitong Securities. Zhang said the decision of the shareholders to clear the funding also reflects the company's determination to contribute to the relief work in a big way. Vanke's investments in Sichuan will be made over the next three to five years, Vanke had said in a previous statement to the Shenzhen Stock Exchange. The May 12 earthquake in Sichuan province destroyed 5.4 million homes and damaged 21.4 million, according to the Ministry of Civil Affairs. More than 12 million people left homeless by the earthquake will have to be relocated. "Vanke may build anti-quake homes there to broaden its property development," Bloomberg quoted Liu Xihui, a real estate analyst at Pingan Securities Co, as saying. "More developers may follow suit." Vanke rose 4.7 percent to 20.5 yuan in Shenzhen trading on Wednesday. The stock has dropped 29 percent this year after almost tripling in 2007. Trading was suspended yesterday because of the meeting.
BEIJING, Sept.1 (Xinhua) -- China's securities watchdog on Monday required fund companies to make their information release more transparent and rolled out a draft regulation on brokers, its latest moves to boost the healthy development of the country's stock market. The information of stock-oriented funds, such as their periodic results, would be regularly publicized on the website of the China Securities Regulatory Commission, according to a standard format in the eXtensible Business Reporting Language (XBRL), starting from Jan. 1 next year, the CSRC said in a statement on Monday night. "The move was to further improve the quality of information release by fund companies," said the CSRC. The new rule was expected to help third-party agencies to appraise and supervise the management of fund companies. Previously it was difficult for a third party to collect and analyze the first-hand information of funds, which was not available to all. Meanwhile, the CSRC said a new regulation on securities brokers would prohibit them from surpassing their authority by manipulating customers' accounts or providing investment counseling. The dealers would also be forbidden to "offer or spread false, misleading information", or "tempt customers to make unnecessary deals," said the CSRC. Nor could they make agreements on sharing investment proceeds with customers, or promise gains or compensation for losses. "It was aimed at protecting the legal interests of fund investors and ward off risks caused by ill regulation of securities dealers," said the CSRC in a separate statement. The watchdog's actions were part of China's recent efforts to straighten out the stock market order and lay a sound foundation for a long-term development. The CSRC announced earlier this month it would raise the refinancing threshold for listed companies, saying the dividend they pay to shareholders in the recent three years should be no less than 30 percent of its distributed profits, compared with the previous set line of 20 percent. Refinancing plans of listed companies had led to share price declines and complaints in China as liquidity concerns loomed over the stock market. Investors also blamed their losses on insider trading and opacity of fund companies. Last week, a draft amendment to the Criminal Law was submitted to China's top legislature, stating that employees of financial institutes will face criminal prosecution for insider trading. Currently there were no relevant provisions in the Criminal Law. China's benchmark Shanghai Composite Index has shed more than 60 percent from its peak in mid October last year. In the first half, 364 funds in the country incurred a record loss of 1.08 trillion yuan (about 154 billion U.S. dollars), more than 90 percent coming from stock-oriented or hybrid funds, according to statistics from the TX Investment Consulting Co..