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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.

BEIJING, Aug. 13 (Xinhua) -- Chinese Vice President Xi Jinping met with Ecuadorian Foreign Minister Ricardo Patino here Friday, the two vowing to increase bilateral cooperation and party-to-party exchange.Xi hailed the smooth development of China-Ecuador ties over recent years, citing frequent high-level exchanges and enhanced political trust.The Chinese government highly values its relations with Ecuador, he said, adding that strengthening bilateral ties is in the common interest of both nations and peoples."We hope to take the opportunity of the 30th anniversary of diplomatic ties this year to expand cooperation with Ecuador to push bilateral relations to a new stage," Xi said.He also urged more exchanges between the Communist Party of China (CPC) and the ruling party of Ecuador.Patino extended his condolences to the family members of the victims of the mudslides in northwest China's Gansu Province.He also said Ecuador hopes to cement cooperation with China in political, trade and cultural areas.Patino is visiting China from Aug. 10 to Aug. 16 at the invitation of his Chinese counterpart, Yang Jiechi.In talks with Patino earlier Friday, Yang said China and Ecuador maintained good coordination in international affairs. He expressed the hope to boost all-round relations between the two countries.Patino pledged his country would continue adhering to the one-China policy.Patino will attend the National Pavilion Day of Ecuador celebrations at the Shanghai World Expo on Saturday.

HARARE, June 18 (Xinhua) -- The National Art Gallery of Zimbabwe said on Friday Zimbabwe's stone sculpture on exhibition at the 2010 Shanghai World Expo has particularly proved popular among Chinese visitors.Assistant curator Thomas Pasirai who recently went to Shanghai as an expert to help set up Zimbabwe's exhibition in the African pavilion, told Xinhua in an interview that the Chinese were fascinated by Zimbabwe's stone works."The Zimbabwean pavilion is fantastic and the Chinese are very excited about our pavilion to the extent that we have got some Chinese who are being photographed with some of the life-size stone works while others get excited to the extent of kissing the works," Pasirai said.He said Zimbabwe was in a unique position in that it was one of the few countries that produce stone sculpture different from other African countries."Other African countries do wood work and other materials but with us it is that stone sculpture which is particularly exciting the Chinese," he said.The National Art Gallery shipped about 80 pieces of stone carvings that are on display at the Shanghai Expo. These were sourced from various artists and different studios in the country, Pasirai said.Other products being marketed include basketry, wooden drums and stools.Organizations such as the National Parks and Wildlife Management Authority and the Zimbabwe Tourism Authority are also exhibiting."By the end of this month we will be having exhibitions like trophies and stuffed animals," he said.Pasirai said Zimbabwe's pavilion was exceptionally designed according to the Great Zimbabwe, the amazing ancient ruins from which Zimbabwe derive its name. The ruins, in scripted in 1986 as the UNESCO World Heritage site, is among Zimbabwe's great tourist attractions.The other side of the pavilion shows the mighty Victoria Falls while the other shows pictures of flora and fauna and the different projects being undertaken in Zimbabwe to improve the lives of communities, Pasirai said.He said Zimbabwe was highlighting these projects in keeping with the theme of the Expo, which is "Better City, Better Life" from where Zimbabwe has adapted its theme "Transforming our Communities for A better Life"."We are doing this to enable the Chinese to understand us more. We want them to understand that Zimbabwe is a beautiful nation where they can enjoy the flora and fauna."Zimbabwe is sharing exhibition space with other African countries in the African pavilion where it is neighbors with Zambia and Uganda.There is also a selling bazaar where exhibitors from different African countries are selling their wares.Pasirai commended China for the excellent way it had created the Expo, noting that China's design culture was very advanced.China's promotion of the green environment and the general hygiene on the streets also caught Pasirai's eye who hoped Zimbabweans will emulate some of the hygienic standards in the Asian country."The Chinese do have a culture of management of waste from an individual perspective and I hope our people will learn from them, "he said.Zimbabwe will send about 60 small and medium enterprises to exhibit at the Expo which started in May and ends in October this year. The entrepreneurs will go in batches of 10 per month.More than 200 countries and up to 80 million visitors are expected to descend on Shanghai for the six-month exposition, and Zimbabwe will get a chance on August 11- a national day set for it- to showcase its economic, tourism and business potential to the world.Each participating country will have a day set aside for it to market itself to the outside world.Apart from marketing various products, Zimbabwe has said it will take the Expo as an image building opportunity after years of negative publicity from the Western media.

YICHANG, Hubei, July 20 (Xinhua) -- The Three Gorges Dam on Yangtze River, the country's largest, is offering a buffer for the worst flood in decades as it blocks more than 40 percent of upstream water.The world's largest hydropower station was holding up against its first major flood-control test Tuesday, said officials of the China Three Gorges Corporation.The flow on the river's upper reaches topped 70,000 cubic meters a second Tuesday -- 20,000 cubic meters more than the flow during the 1998 floods that killed 4,150 people and the highest level since the dam was completed last year.The flood peak at the Three Gorges Dam at 8 a.m. was slightly below the record high of 70,800 cubic meters per second in 1981, a spokesman with the corporation said.Flood waters are sluiced with the water outflux monitored at 40,000 cubic meters per second at Three Gorges Dam in Yichang, central China's Hubei Province, July 20, 2010. China's Three Gorges Dam project on the Yangtze River stood its biggest flood-control test at 8 a.m. Tuesday since completion, as the flow on the river's upper reaches topped 70,000 cubic meters a second. All ferry services were halted at the Three Gorges Dam on Monday, and would be resumed after the influx decreased to 45,000 cubic meters per second."Compared to 1998, the biggest difference is the Three Gorges Dam. Without it, thousands of soldiers and rescuers would have been needed to fight the floods," said Yuan Jie, director of the Three Gorges Cascade Dispatching Center of China Three Gorges Cooperation."There are three reasons why the dam is withstanding the enormous water pressure, which are the precise monitoring systems, the huge reservoir and the good decisions made by the corporation," said Chen Fei, general manager of the Three Gorges Corporation.The upper reaches of Yangtze River covers an area of one million square kilometers, 60 percent of which was covered by the Three Gorges monitoring system and another 20 percent was covered by systems of the Dadu and Yalong rivers."The peak flow is high, but it has not exceeded the designed capacity of 100,000 cubic meters of water per second," said Cao Guangjing, the corporation's chairman.The peak flow was greater than in 1998 but the peak period was shorter so far, Cao said.The discharged amount had been kept under 40,000 cubic meters per second, which means the dam blocked 43 percent of upstream water and prevented severe flooding in the lower reaches, Cao said.The Three Gorges Corporation had reduced the reservoir's water level to below 146 meters before the raining season. The reservoir has a capacity of more than 20 billion cubic meters as water level can rise to as high as 175 meters.The current flood control will store about 7.6 billion cubic meters of water, said Cai Qihua, chief of Yangtze River Water Resources Commission. It is estimated to reduce the water level in Jingjiang, a 360-km section of Yangtze in the plain region of Hubei and Hunan provinces that is most vulnerable to flooding, by 2.5 meters, Cai said.

CANBERRA, June 21 (Xinhua) -- Visiting Chinese Vice President Xi Jinping called here on Monday for deepening strategic cooperation with Australia on energy and resources.In a speech delivered to the Australia-China Economic and Trade Cooperation Forum in the Parliament House, Xi said the cooperation on energy and resources between China and Australia boast profound foundation and great potential, and it has become a shining point for the bilateral economic and trade cooperation.Currently, Australia is the biggest exporter of iron ore, alumina, coal and liquefied natural gas to China, and it is also the biggest supplier of wheat, sheep hair and live cow for China.China is Austria's biggest trading partner and biggest exporting market as well as biggest importer. Despite of global financial crisis, Australia's export to China still rose by 31 percent in 2009.Xi said China, which is still in the process of industrialization and urbanization, increasingly needs energy and mineral resources, while Australia is an important energy and resource producer and exporter, so there is a remarkable potential for Australia to set up strategic cooperation with a nation like China, which boasts huge and steady market demand.