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BEIJING, July 24 (Xinhua) - China's economy is unlikely to see a "double dip" in the second half of this year, and the economic growth for the remaining six months is expected to surpass 9 percent, according to a Bank of Communications report released Saturday.China's economic growth will slow down in the next half year, while consumer prices would fall from its peak, said the nation's fifth largest commercial bank in a report on the outlook of China's economy for the second half of 2010"For China, it is never a recession unless the economic growth drops below 7 percent," said Lian Ping, chief economist with the Shanghai-based bank.The growth is sustainable and healthy for the economy as the growth rate stays around 9 percent, he said.China's exports, a major force driving the economic growth, would continue to rebound in the second half, and the growth for the entire year would stay above 20 percent, according to the report.For the latter half of 2010 consumption is to grow by 18.5 percent from a year ago while investment growth will drop steadily to about 21 percent due to government support to the private sector and strategic emerging industries, it said.Increasing labor costs, resources and food prices is expected to push up China's consumer prices, but the growth would be restrained in the second half due to the slowing money supply and eased imported inflationary pressures, it said.China's gross domestic product (GDP) expanded 11.1 percent in the first six months of this year from one year earlier, data from the National Bureau of Statistics (NBS) showed.China's consumer price index stood at 2.6 percent in the first half of 2010, according to the NBS, while retail sales and fixed asset investments grew 18.2 percent and 25 percent year on year, respectively.China would maintain a stable monetary policy for the rest of the year since the global economic condition is still complicated, and an interest rate hike is unlikely to be seen, said the report.The bank estimated that new loans for the entire year would stand between 7 to 8 trillion yuan (1.03 trillion to 1.18 trillion U.S. dollars).The bank also forecasted in the report that the Chinese government would remain tough with the property sector, but there is little possibility for additional curbs on the market. Property investment would largely fall, but there will not be a significant decline in property prices.Lian suggested that the Chinese government pay attention to the possible cumulative effect of policies on the economy and keep market liquidity at a reasonable level.
CANBERRA, June 22 (Xinhua) -- Chinese Vice President Xi Jinping met here on Tuesday with Australian Governor-General Quentin Bryce.During the talks, Xi said he had exchanged views with a wide range of leaders and entrepreneurs in Australia during his trip, reaching comprehensive consensus on deepening cooperation on politics, trade, science and technology, education and tourism.Earlier this month, Bryce herself had paid a visit to China, attending the ceremony of "Australian Pavilion Day" at the Shanghai Expo and hosting the opening ceremony for "Australian Culture Year."Xi praised that such moves showed that the Governor-General attaches great importance to developing relations with China.Chinese Vice President Xi Jinping (L) meets with Australian Governor-General Quentin Bryce in Canberra, Australia, June 22, 2010.Xi said both China and Australia are two important nations in the Asia-Pacific region, and both share common interests in safeguarding the peace and stability in the region and pushing forward the regional and global economic growth.The vice president said the Chinese government is willing to join hands with Australia to enhance dialogue, expand consensus, increase mutual trust and explore cooperation, so as to achieve more progress in developing bilateral relations and bring more blessing to people in two countries.Bryce said Xi's current visit has conveyed important signal that Chinese people attach importance to the relations with Australia, demonstrated the depth of the bilateral relations and set the direction for future efforts.Earlier on Monday, Xi and Australian Prime Minister met business leaders from China and Australia who attended a CEO roundtable meeting in Canberra.Later on Tuesday afternoon, Xi and the Chinese delegation flew from Canberra to Darwin, the last leg of his Australian trip.

CHONGQING, July 19 (Xinhua) -- Rain-triggered landslides in southwest China Monday blocked a river, creating a barrier lake in Chongqing Municipality and forcing the evacuation of more than 12,000 people, flood control authorities said.The landslide blocked the Luojiang River in Chengkou County early Monday, creating a dam holding 15 to 20 million cubic meters of water, said Xing Hua, a Chengkou Water Resources Bureau spokesman.As of 5 a.m. Monday, the barrier lake was five-square-kilometers in area and 18-meters deep, said Xing.Photo taken on July 19, 2010 shows the Ciqikou Town surrounded by flood water of the Jialingjiang River, southwest China's Chongqing Municipality. The water level of Beibei section of Jianglingjiang River rose to 197.76 meters, 3.26 meters higher than the alarm line.All 12,000 residents - 7,000 from Chongqing and 5,000 from neighboring Sichuan Province - have been evacuated to higher ground, flood control authorities in the two regions said.The rising waters may flood the upper reaches of the river while any potential dam breach would bring fatal floods downstream.Continuous downpours and poor road conditions have hindered work teams and experts getting near the site, stymying efforts to deal with the barrier lake, said Chengkou County's flood control office.
CHENGDU, Aug. 22 (Xinhua) -- Rescuers Sunday reopened a key road leading to a mudslide-hit county in southwest China's Sichuan Province, which local officials called an important step in speeding up relief and rescue efforts.Traffic resumed on National Highway 213, linking the provincial capital Chengdu to Wenchuan County, on Sunday afternoon after emergency crews worked for nine days to clear the mudslide sludge and debris on the highway.On August 13, mudslides struck parts of Wenchuan, cutting a section of the highway after torrential downpours pelted the Tibetan and Qiang Autonomous Prefecture of Aba.At least 15 people have been killed and 31 remain missing, according to the latest available government figures.Wenchuan was the epicenter of the 8.0-magnitude earthquake that jolted Sichuan and neighboring provinces in May 2008. The quake left some 87,000 people dead or missing.Heavy precipitation is particularly dangerous in terrains once shaken by earthquakes, which then become more vulnerable to geological disasters, said Hao Liping, the head of the provincial meteorological bureau.
YICHUN, Aug. 26 (Xinhua) -- Two days after the deadliest commercial plane crash in China in nearly six years killed 42 people in a remote northeastern city, doubts and speculations continue to swirl and no progress has been reported in the government investigation.A brief press conference was held Thursday afternoon -- the first in more than 40 hours after a Brazil-made ERJ-190 turbine jet run by Henan Airlines crashed at Lindu Airport of Yichun, Heilongjiang Province.But officials and an airline executive who addressed the conference did not say what caused the accident or whether their data analysis of the two black boxes found on Wednesday had achieved any results."The black boxes have been sent to Beijing and our specialists are still working on the data," said Lu Xue'er, an official in charge of aviation safety at the General Administration of Civil Aviation (CAAC).A representative from Henan Airlines offered an apology and condolences to the victims and their families."We're grieved over the tragedy," said Liu Hang, Chairman of the Supervisory Board the airline. "Our condolences for the dead and apologies to all the victims, their families and the whole society."He said his company had opened 24-hour hotlines at its headquarters in Zhengzhou, central Henan Province, Harbin and Yichun to help victims' f
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