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BEIJING, Nov. 8 (Xinhua) -- Chinese stocks rose for a third straight trading day Monday with the benchmark Shanghai Composite Index closing up 0.96 percent, or 30.01 points, at 3,159.51.The Shenzhen Component Index gained 0.54 percent, or 73.94 points, to finish at 13,807.3.Combined turnover declined to 453.1 billion yuan (68 billion U.S. dollars) from 459.17 billion yuan the previous trading day.Gainers outnumbered losers 743 to 132 in Shanghai and 950 to 140 in Shenzhen.Agricultural shares led the gains with a 5.39 percent rise amid increased inflation expectations and surging farm product prices.Some economists believe China's consumer price index (CPI), the main gauge of inflation, jumped 4 percent year on year in October.Yasheng Industrial Group, Yongan Forestry Group and Fengle Seed Company all rose by the daily limit of 10 percent, ending at 6.47 yuan, 12.84 yuan and 20.77 yuan, respectively.Local stocks in Shanghai continued their surge after Walt Disney Co. inked a deal Friday for its long-awaited theme park in the city.Shanghai Lujiazui Finance and Trade Zone Development Co., Ltd rose 4.8 percent to 22.7 yuan while Shanghai Pudong Road and Bridge Construction Co. Ltd. gained 3.08 percent to finish at 20.43 yuan.Yu Wei, an analyst at Shiji Investment, said more "hot money" will flow into Chinese capital markets because of the U.S. Federal Reserve's second round of quantitative easing, QE2."As the government works on controlling inflation and the property market, the A-share market will be the most attractive place for 'hot money' inflows," he said.
BEIJING, Sept. 8 (Xinhua) - A senior Chinese leader has urged governments and people in Heilongjiang Province, an industrial and grain production base of China, to tap its unique potentials for a "leapfrog development."He Guoqiang, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, on Wednesday wrapped up his six-day inspection tour in the northeastern province.He urged the province to speed up the transformation of the economic growth pattern, maintain a stable and relatively rapid development and rejuvenate the old industrial base.Great importance should be attached to boosting innovation and sharpening the competitive edge of local products, He said during his visit to two major industrial enterprises.Also, land-reclamation enterprises should promote agricultural development in an intensive and specialized way, said He while touring the Beidahuang land-reclamation districtHe urged government departments to ramp up measures to prevent pollution and forest fires while inspecting the Daxinganling forestry district.He also insisted that local authorities improve infrastructure construction as well as people' s living conditions to further promote the integration of cities and the countryside.He, who is in charge of disciplinary work in the CPC Central Committee, asked local disciplinary and supervisory officials to promote clean governance and intensify the fight against corruption.
BEIJING, Sept. 25 (Xinhua) -- The Chinese trawler captain Zhan Qixiong arrived safely in Fuzhou, capital of southeast China's Fujian Province early Saturday morning by a chartered plane after he was illegally detained by Japan.Crowds gathered at the captain's home in Gangfu Village, Jinjiang City of Fujian Province while the his wife and son left for Fuzhou, the provincial capital for family reunion."I was so happy when I was told that my brother would soon return," said Zhan Yuehong, a sister of the captain. "After all these sleepless nights, I can finally have a good rest now."The sister said she is preparing a bowl of noodles with eggs for her brother, a local tradition to keep off bad spirits when a family member returns from an ordeal.Chinese Foreign Ministry said in a statement after the captain's return that the Chinese government expressed "strong protest" against Japan, whose detention, investigation or any form of judiciary measures for the Chinese trawler and fishermen are unlawful and invalid.China asked the Japanese side to make apology and compensation for the incident, the statement said. It also said the two sides should resolve the problems of Sino-Japanese relationship through dialogue and consultation.On Sept. 7, two Japan Coast Guard patrol ships and a Chinese trawler collided in waters off China's Diaoyu Islands. On the following day, the Japan Coast Guard illegally seized the Chinese trawler and detained the trawler's captain and 14 fishermen on board, drawing strong protests from the Chinese government and people.The Japanese side freed the 14 fishermen and the boat on Sept. 15, but continued to hold the captain. A Japanese court announced on Sept. 19 the trawler captain's detention would be extended by another 10 days.China has repeatedly urged Japan to unconditionally release the Chinese captain to avoid further damaging bilateral ties, warning "strong counter measures" if Japan failed to do so.China has already halted bilateral exchanges at and above the provincial and ministerial levels. It has also suspended contact with Japan on the issue of expanding aviation rights between the two countries."The Japanese side bears full responsibility for the current situation,and it shall bear all the consequences that arise," Chinese Premier Wen Jiabao said when meeting with Chinese nationals and Chinese Americans in the United States.In the mean time, the number of Chinese citizens traveling to Japan as tourists has already declined. Many Chinese citizens and businesses have recently canceled their planned trips to Japan.Observers of Sino-Japanese relations said the prolonged detention of a Chinese trawler captain "severely harms" Chinese people's trust in Japan and undermines the "sound interactions" the two countries have achieved in recent years.Since the collision happened on Sept. 7, "Diaoyu Islands" and "Zhan Qixiong" have become the most searched terms in China's Internet community.Also, Internet bulletin boards on several major Chinese news portals have been overwhelmed with messages call for Japan to immediately and unconditionally release Zhan.The messages said that the Diaoyu Islands have always been an integral part of China and it's within the rights of Chinese fishermen to fish in the waters around the islands.The Diaoyu Islands have been Chinese territory since the early years of the Ming Dynasty (1368-1644). Maps printed in Japan in 1783 and 1785 that marked out the boundary of the Ryukyu Kingdom show that the Diaoyu Islands belong to China.
amily members arrange their trips.Two local government officials also attended the press conference, which lasted for about 10 minutes and left no time for questions.Before the press conference, everyone stood in silence tribute to mourn the dead.Tuesday night's disaster ended CAAC's record 2,102 days of safe air travel in China -- 69 months without an accident.Of all the 96 people on board, 54 survived with injures. Most of them were hospitalized in Yichun and 15 serious cases were airlifted to Harbin Wednesday night.Among the serious cases were five children, aged from 6 to 10. Four of them suffered burns and two were still in critical condition, said doctors in Harbin.Yichun Airport reopened Thursday with the landing of an Airbus 320 run by China Southern Airlines early in the afternoon, carrying some family members of the victims. It flew back to Harbin shortly afterwards, carrying passengers who had been laid over Tuesday night.
BRUSSELS, Oct. 6 (Xinhua) -- Chinese Premier Wen Jiabao on Wednesday called on the European Union (EU) to recognize China's market economy status and remove its arms embargo against it.Speaking at a China-EU summit here, Wen said the summit mechanism, the highest-level platform for bilateral political talks, should push for an end to the two outstanding difficulties.The summit should enhance its role as provider of strategic guidance, and clear the way for further advancement of China-EU ties, he told the summit, co-chaired by him, European Council President Herman Van Rompuy and European Commission President Jose Manuel Barroso. Chinese Premier Wen Jiabao attends the 13th China-EU Summit in Brussels, capital of Belgium, Oct. 6, 2010.China would work with the EU to achieve balanced and sustainable development of bilateral trade, improve investment environment and enhance cooperation in financial and fiscal policy-making processes, Wen added.Meanwhile, the two sides should make concerted efforts to further expand hi-tech cooperation and people-to-people exchanges, push for the reform of the international financial system and maintain coordination on climate change, energy security and hot regional affairs, the Chinese premier said.All responsible countries in the world should refrain from launching trade or currency wars, Wen said, expressing the hope that the European side would take an objective and fair stance on China's currency exchange rate.Wen said China has expressed its support for and confidence in the 27-member European bloc, and believes that a strong and stable EU is conducive to the world as well as to China.