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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, 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.

JILIN, Jilin Province, July 29 (Xinhua) -- About 3,000 barrels filled with chemicals have been swept into a major river in northeast China's Jilin Province, thousands more than originally thought, authorities said Thursday.Another 4,000 empty barrels have also entered the river, officials said at a press conference Thursday morning.On Wednesday, authorities said around 1,000 barrels had entered the Songhuajiang River in Jilin City.Barrels were spotted in the river Wednesday, but it is not known when they entered the waterway.The barrels first entered the Wende River and then flowed into the Songhuajiang River, after floods hit the storage facilities of two chemical factories -- Jilin Xinyaqiang Biochem Co. Ltd. and Jilin Zhongxin Group.Each chemical-filled barrel contains about 170 kilograms of chemicals.Of the 3,000 chemical-filled barrels, about 2,500 barrels contain trimethyl chloro silicane -- a colorless flammable liquid with a pungent odor -- while 500 contain hexamethyl disilazane -- a colorless liquid with a pungent odor.Officials said emergency workers and soldiers are rushing to retrieve the barrels. Workers are collecting the barrels at eight points on the river. About 400 have been recovered so far.Seven stations have been established to monitor water contamination.
BEIJING, Aug. 6 (Xinhua)-- China firmly opposes any remarks and actions that violate its sovereignty over Xisha Islands and adjacent waters in the South China Sea, said Foreign Ministry spokeswoman Jiang Yu here on Friday.Jiang made the comment after Vietnamese foreign ministry spokeswoman Nguyen Phuong Nga said Thursday, according to media reports, that Chinese vessels' seismic exploration activities near Xisha Islands had violated Vietnam's sovereignty."China has indisputable sovereignty over Xisha Islands and adjacent waters," Jiang reiterated in a news release.
HONG KONG, Aug. 25 (Xinhua) -- A chartered plane, carrying the bodies of the eight victims, victims' relatives and survivors in the hostage crisis in Philippine capital Manila, arrived at the Hong Kong International Airport on Wednesday evening.Following the arrival, an around-90-minute condolence ceremony was held at the airport, with a senior Hong Kong official and the victims' relatives laying wreaths on the coffins.In a speech after the ceremony, Chief Secretary for Administration of the Hong Kong government Henry Tang urged the Philippine government to provide a detailed account of the causes of death and injury.COMING HOMEThe chartered plane of Cathay Pacific flight number CX 2903, which carried the coffins bearing the bodies of the victims, victims' relatives, several survivors and their kins, arrived in Hong Kong at 7:50 p.m. local time (1150 GMT).The chartered flight took off around 6:19 p.m. local time in Manila after a brief farewell ceremony.The eight slain Hong Kongers and the survivors were among the 21 Hong Kong tourists who were caught in a 11-hour hostage crisis in Manila on Monday. It ended on Monday night with eight hostages killed and seven others injured, one of whom still in critical condition.Upon arrival, Henry Tang, along with President of Hong Kong's Legislative Council Jasper Tsang, Governor of the Non-official Members of Hong Kong's Executive Council Leung Chun-ying, Commissioner of the Ministry of Foreign Affairs Lu Xinhua, and deputy director of the Liaison Office of the Central People's Government in Hong Kong Li Gang, stepped onto the plane to receive them home.After that, a solemn and heart-stricken ceremony was staged at the airport, which was live broadcast by the city's main TV stations.Pulled by trailers, coffins of the eight dead Hong Kongers, batch by batch separated by family, passed and stopped before a crowd of officials and families amid mournful music.Tang and tearful family members of the eight victims laid wreaths on the coffins of the eight victims, before the bodies were sent to Kwai Chung Public Mortuary.Some of the injured were sent to local hospitals, where Hong Kong's Chief Executive Donald Tsang later visited them.
来源:资阳报