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BEIJING, Dec. 27 (Xinhua) -- Chinese stocks weakened Monday after the nation's central bank hiked rates on Saturday and amid speculation further monetary policy tightening to combat inflation is in the offing.The benchmark Shanghai Composite Index fell 1.9 percent, or 53.76 points, to finish at 2,781.4, following the central bank's decision to raise the benchmark one-year lending and deposit interests rate by 0.25 percentage points, its second rate hike in just over two months.The Shenzhen Component Index fell 2.02 percent, or 253.66 points, to end at 12,303.19 points.Combined turnover increased to 224.44 billion yuan (33.85 billion U.S. dollars) from 185.28 billion yuan the previous trading day.An investor watches a screen at a stock trading hall in Shanghai, Dec. 27, 2010. China's stock market dropped Monday. The benchmark Shanghai Composite Index lost 1.90 percent, closed at 2,781.40. The Shenzhen Component Index dropped 2.02 percent, closed at 12,303.19.Losers outnumbered gainers 834 to 76 in Shanghai and 1,125 to 89 in Shenzhen.China's consumer price index (CPI), a main gauge of inflation, rose to a 28-month high of 5.1 percent year on year in November.Besides hiking rates, China's central bank has increased banks' reserve requirement ratio six times this year, taking it to 19 percent for some banks.Shares of property developers dropped. China Vanke, the nation's largest real estate developer, lost 2.89 percent to 8.75 yuan. China Everbright Bank fell 3.7 percent to 3.91 yuan. PetroChina, China's biggest oil producer, declined 2.28 percent to 11.16 yuan.Coal producer shares gained 1.74 percent amid gains in international crude oil prices.China Shenhua Energy Co., China's biggest coal producer, climbed 0.02 percent to 25.05 yuan.

WUHAN, Jan. 18 (Xinhua) -- The fire in a residential area in Wuhan, capital of central China's Hubei Province, was put out Tuesday morning and no casualties were reported, local authorities said.The fire started at around 11 p.m. Monday from the first floor of a four-storey building in Qiaokou District, according to the city's fire control department.The building's first floor was a food market and more than 20 people lived upstairs. Most of them managed to escape after the fire started.More than 200 fire fighters had been dispatched to contain the blaze. Fire fighters rescued six from the building, including an old man and a child.The cause of the fire is still under investigation.

BEIJING, Nov. 9 (Xinhua) - China's consumer price index (CPI) is expected to rise by slightly higher than the government's target of 3 percent this year, Zhang Ping, head of the National Development and Reform Commission, said Tuesday.Besides upward pressure on commodities prices due to natural disasters and imported inflation, loose domestic liquidity and speculation factors have also contributed to the prices hikes, Zhang said at a coal industry conference, adding that the government is paying close attention to domestic commodities prices, especially farm produce prices.Citizens shop at a supermarket in Haikou, capital of south China's Hainan Province, on Aug. 11, 2010.Zhang also said that edible oil is plentiful, though cotton and vegetables are projected to be in short supply during the rest of the year.Additionally, food prices, which account for one-third of weight in calculating the CPI in China, climbed 8 percent in September, pushing the CPI to reach a 23-month high of 3.6 percent in September.

OSLO, Dec. 10 (Xinhua) -- More than 200 overseas Chinese in Norway demonstrated here on Friday to protest against the Nobel Committee's decision to confer this year's Nobel Peace Prize to Liu Xiaobo, a convicted Chinese criminal.The organizers said the overseas Chinese, who joined the demonstration near Oslo city hall despite cold weather, were from 13 Chinese communities.The protestors held banners reading "Liu Xiaobo Is A Criminal!""No Meddling in China's Internal Affairs!" "Peace Prize = Political Tool!" "Opposition to Nobel Peace Prize to Liu Xiaobo" and "Oppose The Wrong Decision By The Norwegian Nobel Committee", chanting slogans such as "China has contributed to world peace!"A Norwegian man also took part in the protest, holding a banner reading "Liu Xiaobo did nothing to peace!"Ma Lie, president of Norway Association for Promoting Peaceful Reunification of China, said the Nobel Committee made a wrong decision to confer the prize to Liu, noting it should not intervene in China's domestic affairs and hoping the committee can really understand the notion of world peace.On Nov. 29, representatives of overseas Chinese in Norway handed an open letter to Geir Lundestad, secretary of the Norwegian Nobel Committee, strongly protesting the awarding of this year's Nobel Peace Prize to Liu.Liu was sentenced to 11 years in prison for engaging in activities aimed at overthrowing the government.