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BEIJING, Oct. 22 (Xinhua) -- Qingdao Haier Co., Ltd., a leading Chinese household electric appliance producer, announced Thursday evening that its net profit in the third quarter rose 48.88 percent year on year to 300.7 million yuan (44.03 million U.S. dollars).     Its net profit in the first three quarters increased 28.7 percent from a year earlier to 966.4 million yuan, the firm said in a statement to the Shanghai Stock Exchange.     The eastern Shandong Province-based company attributed the net profit hike to reduced inventory and improved assets quality.     Equities of the Shanghai-listed firm added 1.28 percent to 18.17 yuan per share Thursday.

BEIJING, Oct. 26 -- Shanghai has applied to regulators to launch a free exchange between the yuan and the New Taiwan dollar to enhance financial cooperation, the head of the Shanghai Financial Service Office said Sunday.     "With growing trade between Shanghai and Taiwan in recent years, we hope that a free exchange between the yuan and the New Taiwan dollar can be conducted in Shanghai as a trial," said Fang Xinghai at the 6th China International Finance Forum.     "We have applied to the regulators and expect it will be approved soon," Fang said at the two-day forum which ended Sunday.     Shanghai has recently launched a cross-border currency clearing system and Fang expects that it will be extended to Taiwan soon.     By the end of April, Taiwan had invested 5 billion U.S. dollars in more than 6,000 projects in Shanghai, and trade between the two sides totaled 13.68 billion dollars in the first eight months of this year.     Although the two sides must overcome some barriers in financial cooperation, Fang said they can explore possibilities in innovative products, such as exchange-traded funds that enable investors to buy or sell shares in an entire benchmark portfolio.     "The Shanghai Stock Exchange is making efforts to introduce ETFs based on overseas equity indices (and) we can also expect Taiwan and the mainland to introduce ETFs based on each other's index," Fang said.     The two sides can also cooperate in sectors that are not directly supervised by the central government, such as venture capital.     "Taiwan is very successful in the venture capital sector, while the Chinese mainland is still in the first stage. Policies have now been eased so that Taiwan VC firms can set up branches on the mainland," Fang noted.     The Chinese mainland and Taiwan in April sealed a cooperative financial regulatory mechanism.

BEIJING, Oct. 28 (Xinhua) -- A senior Chinese mainland official on Wednesday urged media organizations across the Taiwan Strait to cover more stories on cross-Strait relations and report news events in an objective and comprehensive manner.     Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), made the remarks in a meeting with a group of Taiwan media representatives led by Chiang Pin-kung, chairman of the island's Straits Exchange Foundation (SEF).     Media organizations play an irreplaceable role in promoting information exchanges, helping people on both sides better understand each other and eliminating estrangement, Jia said.     In light of the bright prospect of the peaceful development of cross-Strait relations, media exchanges between the two sides are facing unprecedented opportunities, he said.     Jia called for an early establishment of resident media bureaus on both sides and closer cooperation between news organizations to promote traditional Chinese culture.     He encouraged the staff of the media industry to seek common ground while shelving differences.     On behalf of the SEF and the people in Taiwan, Chiang expressed gratitude for the mainland's donations and assistance after the island was hit by Typhoon Morakot in August.     Mainland's donations, which were transferred to Taiwan mainly through the mainland-based Association for Relations Across the Taiwan Straits (ARATS), will be used for reconstruction in Taiwan, Chiang said.     Chiang also stressed the need for media at both sides to carry out further communication and cooperation.     According to Jia, the ARATS and the SEF had initially agreed to have the fourth round of talks in Taiwan's Taichung in mid or late December.

BEIJING, Nov. 11 (Xinhua) -- In cold weather, 45 Japanese war orphans revisiting China to thank their Chinese foster families received a warm welcome in Beijing.     Chinese Premier Wen Jiabao met them, mostly in their seventies, in the Zhongnanhai compound Wednesday. Premier Wen invited the orphans to Zhongnanhai for talks and also accompanied them on a visit to the former residence and office of the late Premier Zhou Enlai inside the compound, who were much concerned about the war orphanage issue. Chinese Premier Wen Jiabao (R) meets with the members of the Japanese war orphans' delegation, who revisit China to thank their Chinese foster families, in Beijing, capital of China, Nov. 11, 2009.    The Japanese orphans were those who had been left behind by their parents after the eight-year Japanese Aggression War against China. More than 2,800 Japanese orphans were adopted by the Chinese people and most of them went back to Japan in the 1980s and 1990s after normalization of bilateral ties. Chinese Premier Wen Jiabao (R3, front) and members of the Japanese war orphans' delegation visit Xihuating, the former residence and office of the late Premier Zhou Enlai, in Beijing, capital of China, Nov. 11, 2009The thanksgiving gathering is organized to express the war orphans' gratitude to their foster families, but the visit is, to some extent, an emotional one as many of their foster parents have died.     "We care about the living conditions of the orphans after they returned back to Japan, and I believe that everybody will live a happy and stable life though their own efforts and by support from the Japanese government and all walks of life," said Wen in talks with the delegation.     Wen said that it was a handful of militarists who were responsible for that war of aggression, and the Japanese people were also victims of the war. Chinese Premier Wen Jiabao (R6, second row) poses with members of the Japanese war orphans' delegation in front of Xihuating, the former residence and office of the late Premier Zhou Enlai, in Beijing, capital of China, Nov. 11, 2009."The Chinese people, despite their own sufferings caused by the war, saved the lives of the orphans and brought them up instead of pouring their hatred on the Japanese people," said Wen.     Wen said the war orphans will feel again the love given by their foster parents and the deep friendship between the Chinese and Japanese people during their visit in China. Chinese Premier Wen Jiabao (R3, front) and members of the Japanese war orphans' delegation visit Xihuating, the former residence and office of the late Premier Zhou Enlai, in Beijing, capital of China, Nov. 11, 2009The war orphans have been active in promoting Japan-China friendship since they returned back to Japan. They raised funds to build a primary school named China-Japan Friendship Hope School in the aftermath of the Sichuan earthquake last year, said Wen.     CALL FOR FRIENDSHIP     History tells us that "peace between China and Japan leads to mutual benefits, and rivalry is damaging to both", said Wen.     China-Japan friendship confirms to the fundamental interests of the two peoples and to develop friendly cooperation is of great significance to Asia, the world as well as the two countries, Wen said. Chinese Premier Wen Jiabao (R) receives an autograph book from the Japanese war orphans' delegation, who revisit China to thank their Chinese foster families, in Beijing, capital of China, Nov. 11, 2009Wen said the two nations should take history as a mirror and look forward to the future in their relations. They should, in the spirit of the four political documents between China and Japan, coexist peacefully, engage in mutually beneficial cooperation, seek common development and lasting friendship, making due contributions to Asian and World peace, stability and prosperity.     Members of the delegation said although they now live in Japan, they still miss their family members and hometowns in China. They are very excited about this trip and would like to continue to work for lasting friendship between the two peoples

BEIJING, Dec. 12 (Xinhua) -- China should take more forward looking and preemptive measures to fight inflation expectations following this year's credit boom and runaway property prices, said a report released by a leading Chinese bank.     Bank loans should be extended at a more reasonable pace with improved structures next year and policy fine-tuning is necessary, the Bank of Communications has said in a report released by its financial research center.     The government should maintain the continuity and stability of its monetary policy and meanwhile be more targeted and flexible, it said.     The report noted an over brisk equity and property market are always prelude of inflation. Money flow should be regulated to prevent asset bubbles.     It also suggested government increase supply of land resources and affordable housing and crack down on land enclosure to curb skyrocketing property prices which gained the most in 14 months in November.     CPI, the main gauge of inflation, jumped 0.6 percent in November from a year ago, the first monthly growth since January, because of lower statistical bases and rising food prices.     The producer price index (PPI), a major measure of inflation at the wholesale level, declined 2.1 percent in November from a year earlier.     The report expected PPI to end monthly drop in December, and the annual CPI decline to narrow to 0.8 percent.     Hyperinflation is unlikely and CPI is predicted to rise four percent next year, it said.