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BEIJING, Feb. 13 (Xinhua) -- Profits in China's non-ferrous metal industry declined in 2009 despite rising output due to low prices, according to statistics from the Ministry of Industry and Information Technology (MIIT).Output of 10 kinds of non-ferrous metals, including copper, alumina, zinc and lead, increased 5.8 percent in the country from a year earlier to 26.81 million tonnes last year.However, combined profit of 70 major enterprises in the sector totaled 17.6 billion yuan (2.58 billion U.S. dollars), down 1.46 percent year on year, the MIIT said.Although the industry maintained a good development momentum in 2009, many challenges remained, including the problems of excess capacity and outdated production capacity.The MIIT would focus more on speeding up the elimination of backward production capacities in the industry this year and checking an excessive growth in expansion of non-ferrous metal smelting capacities.
GUIYANG, March 14 (Xinhua) -- The death toll from a partial collapse of an unfinished building Sunday in southwest China's Guizhou Province has risen to seven, the rescue headquarters said.A mold supporting structure in the corridor between two halls at the International Conference and Exhibition Center under construction in Guiyang, capital of Guizhou, collapsed at around 11:30 a.m., burying workers working at the area, said a spokesman for the rescue headquarters.Rescuers found 26 workers who were rushed to hospital. Seven of the workers were proclaimed dead shortly upon arrival at hospital, one more seriously injured.Altogether seven remained hospitalized, and another 12 were discharged from hospital after some treatment.The police were investigating the cause of the accident.

MOSCOW, Jan. 30 (Xinhua) -- Russia and China have agreed to further tap cooperation potential so as to boost economic and trade ties despite the impact of the global economic crisis.The agreement was reached during a meeting on Thursday between Russian Minister of Regional Development Viktor Basargin and Chinese Ambassador to Russia Li Hui on bilateral economic and trade ties, especially cross-border and regional cooperation.Basargin and Li agreed that the global economic crisis had a negative impact on bilateral economic cooperation, citing a sharp decline in two-way trade.However, they believed that the foundation for bilateral cooperation remained solid. In particular, bilateral investment and economic cooperation have gained strong momentum, and cooperation in such areas as energy, nuclear technology and high-tech have been strengthened.During the meeting, they also said that cross-border and regional cooperation had become an increasingly important part of the China-Russia strategic partnership of cooperation, and played a key role in facilitating regional development and improving the two peoples' welfare.An outline of regional cooperation between Northeast China and the Russian Far East Area and Eastern Siberia, approved by leaders of both countries in 2009, served as guidelines for deepening bilateral cooperation, they said, adding that both sides would cooperate closely and earnestly implement the document in a bid to achieve new accomplishments.They also discussed some specific issues related to cross-border and regional cooperation.
BEIJING, March 12 (Xinhua) -- The gang-related trials in southwest China's Chongqing were carried out in an open, just and transparent way, Qian Feng, president of the Higher People's Court of Chongqing, said here Friday.Qian made the remarks when attending a panel meeting of the annual session of the National People's Congress (NPC), China's top legislature, in Beijing."The crackdown on gangs was just one of the judicial work highlights in Chongqing last year," Qian said while attending the meeting. "The number of gang-related cases and those involved was relatively low in Chongqing compared with the country's figures.""We heard those cases strictly according to the criminal law ," Qian said.He said more than 200 deputies to legislatures at different levels and hundreds of journalists heard the court proceedings of those cases, particularly the case of Wen Qiang, a former judicial chief of the municipality.Chongqing started a sweeping crackdown against organized crimes in the city in June last year, in which more than 3,300 suspects were arrested.A total of 87 officials were prosecuted after the massive crackdown for being related with gangs, including 12 high-ranking officials.
BEIJING, March 11 (Xinhua) -- The Bank of China (BOC) plans to issue new Hong Kong-listed H shares, about 20 percent of its current H shares, as soon as possible, said BOC Board Chairman Xiao Gang Thursday.But the BOC had to wait for approvals from shareholders and securities regulators on the mainland and in Hong Kong, Xiao said.The BOC, China's third largest bank by market value, in January declared it would sell no more than 40 billion yuan (5.86 billion U.S. dollars) of bonds convertible to A shares to improve capital adequacy.The BOC currently had no acquisition plans in China or overseas, Xiao said.The biggest credit risks lied in the local governments' financing units and the BOC was tightening loans to these units, he said.
来源:资阳报