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NEW YORK, Oct. 28 (Xinhua) -- For Lin Xuewen, secretary-general of United Chinese Associations of Eastern U.S., "incredible" is the best word to describe his experiences at the Shanghai World Expo."It was incredible to see the video played in the multimedia exhibition of the China Pavilion about China's vast migration from rural to urban areas over the past 30 years. I felt so overwhelmed by the incredible changes as if I was riding a time machine. Truly amazing," recalled Lin.Lin has been living in New York for more than three decades. He went to China to attend the Shanghai Expo in May. He said the rapid urban development in Shanghai was "incredible.""Look at the skyscrapers along the streets and skyline at night. It is even better than the New York City night view," he said.The biennial Expo opened on May 1 in Shanghai for a six-month run under the theme of "Better City, Better Life," with some 190 countries and 50 international organizations participating.The number of visitors to the Shanghai World Expo has exceeded 70 million, breaking the previous record set during the 1970 Osaka World Expo in Japan, which attracted 64 million people.The China Pavilion, named "The Crown of the East," has become increasingly popular since the opening of the World Expo, with a daily average of 50,000 visitors.

BEIJING, Oct. 18 (Xinhua) -- There will be unrelenting efforts to crack down on activities such as illegal financing and pyramid selling by insurance agents, the China Insurance Regulatory Commission (CIRC) said Monday.The CIRC issued the statement on its website after two cases came to the attention of the insurance regulatory bureaus in Liaoning and Zhejiang provinces.In Liaoning, He Feng, head of the Chende Insurance Agent Company, was detained for collecting capital at high interest rates. In Zhejiang, the license of the Hangzhou Minfeng Insurance Agent Company Limited was canceled for luring policyholders by exaggerating prospective earnings.The CIRC reminded the public not to be misled by similar claims and encouraged them to report illegal activities to reduce their losses.

BEIJING, Aug. 26 (Xinhua) -- Chinese Vice Premier Li Keqiang has stressed the development of the service industry as part of the government's efforts to promote economic restructuring and to accelerate the transformation of its economic development pattern.Li made his remarks at a meeting focusing on the development and reform of the service industry sponsored by the National Development and Reform Commission (NDRC) on Thursday.The service industry is not only conducive to expanding job opportunities, but also has a low cost of resources, Li said.He further called on local authorities to be innovative in using their regulatory systems to shore up the development of the service industry.Representatives from Shanghai, and provinces of Liaoning, Jiangsu, Hubei and Sichuan explained their experiences in creating service industries.

JERUSALEM, Nov. 7 (Xinhua) -- Israeli President Shimon Peres on Sunday met here with Zhang Gaoli, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and Party chief of China's Tianjin municipality. Zhang, heading a CPC delegation, extended greetings from Chinese President Hu Jintao to Peres.China and Israel have seen steady development of relations and frequent high-level exchanges since the establishment of their diplomatic ties 18 years ago, Zhang said, adding that the two countries have carried out extensive economic, cultural, scientific and technological cooperation.China appreciates Israel's adherence to the one-China policy, Zhang said. Zhang Gaoli (4th R, Back), a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and chief of the CPC Tianjin Municipal Committee, attends the signing ceremony for business and trade cooperation projects between Tianjin China and Israel, in Jerusalem, Nov. 7, 2010.Strengthening and further developing Sino-Israeli friendly relations serves the fundamental interests of Chinese and Israeli peoples, as well as peace and prosperity in the Middle East, he stressed.Zhang said China is willing to deepen practical cooperation with Israel in various fields, and to promote the exchanges between political parties, governments, legislatures and the two peoples.The Israeli president asked Zhang to convey warm greetings to his Chinese counterpart.Peres is impressed by China's coordinated development in economy, society and culture, saying that the world has seen China 's promising future through her unprecedented achievements.Noting that the CPC has led the Chinese people in the endeavor to eliminate poverty, Peres said that China adheres to the path of peaceful development, and contributes to the world peace and stability.Israel is looking forward to bolstering the communication and cooperation with China in fields like science, technology, culture, education and particularly renewable energy, while consolidating traditional friendship with China. By doing so, Peres added, the two countries will join hands to enhance the bilateral relations to a new level.Later in the day, Zhang unveiled the "Jews in Tianjin" photo exhibition together with Isaac Herzog, Israel's minister of welfare and social services, and attended a signing ceremony for projects of Israel, Tianjing economic and trade cooperation with Minister of Science and Technology Daniel Hershkowitz.

BEIJING, Oct. 29 (Xinhua) -- China Merchants Bank said Friday its profit rose 57.4 percent to 20.59 billion yuan (3.07 billion U.S. dollars) in the first three quarters from one year earlier.The jump in net profit was mainly due to higher interest income, the bank said in its business report filed with the Shanghai Stock Exchange.Also, total assets of the mid-sized lender had expanded to 2.36 trillion yuan by the end of September, up 14.10 percent from the end of 2009.Additionally, the bank's non-performing loan ratio was 0.64 percent, down 0.18 percentage points from the beginning of this year.Shares of the bank were down 2.41 percent at 14.57 yuan in Shanghai and down 1.13 percent at 21.95 HK dollars in Hong Kong Friday.