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BEIJING, Aug. 20 (Xinhua) -- China's insurers felt the side effect of the country's booming auto market -- with operating losses totaling 2.9 billion yuan (427 million U.S. dollars) in 2009.Insurance Association of China said here Friday that its 30 member insurance companies that are engaged in traffic compulsory insurance business underwrote 85.02 million units of vehicles in 2009, up 23 percent from a year ago.Total compulsory insurance premiums rose 21 percent year on year to 66.8 billion yuan (9.84 billion U.S. dollars), according to the association.Meanwhile, the industry handled 11.78 million claims regarding traffic liability mandatory insurance products last year with reimbursements totaling 47.2 billion yuan (6.95 billion U.S. dollars), it said.Offsetting 2.4 billion yuan (353 million U.S. dollars) investment revenue with 18.6-billion-yuan (2.74 billion U.S. dollars) operating costs, the industry posted a loss of 2.9 billion yuan (427 million U.S. dollars) last year, according to the association.Retail sales of China-made autos rose 17.18 percent year on year to 1.056 million units in July this year, raising auto sales in the first seven months to more than 8.24 million units, up 28.58 percent from a year earlier, according to data from the China Automotive Technology and Research Center released earlier this month.

BEIJING, June 21 (Xinhua) -- China's National Development and Reform Commission (NDRC), the country's top economic planner, refuted on Monday recent reports online saying China is mulling adjustments of electricity prices, claiming such reports "untrue" .The NDRC said in a statement on its website that recently there were reports online saying the NDRC was studying plans to adjust electricity prices, citing Li Jing, deputy head of the Department of Resource Conservation and Environmental Protection at NDRC. Reports said she has not given the timetable for the plan.The statement further said she never made such remarks to media and the reports were groundless.The NDRC began a rise in the price of electricity for non-residential use by 2.8 fen (0.4 cents) per kwh on average nationwide on November 20 last year, with residential electricity prices unchanged.

GUANGZHOU, Aug. 9 (Xinhua) -- A man who had allegedly shot dead four people including two traffic policemen last month in south China's Guangdong province went on trial on Monday.The trial opened at an intermediate people's court in Jieyang City, where the suspect is charged with killing the two traffic police officers on July 5.Hu Yihua, the suspect, 29, was involved in two murder cases, police said.He robbed and shot dead a couple at a cinema parking lot in Yiwu City, Zhejiang province, at midnight July 3, and then fled to Guangdong in the victims' Lexus sedan. He disguised the car license plate and then discarded it.While sleeping in the sedan at a highway service zone on July 5, Hu was cornered by two traffic policemen on patrol duty in Jieyang as the car was without a license plate. He shot them dead and fled to Fujian, where he was nabbed on July 8 after more than one thousand police personnel were mobilized in the search for him.The sedan that Hu had stolen, a loaded pistol and identity cards of the slain police officers were found in Hu's possession.The court did not say when it would rule on the case.

BEIJING, June 16 (Xinhua) -- Chinese Vice President Xi Jinping Tuesday concluded his two-day official visit to Bangladesh and started his trip to Laos, the second leg of his four-nation tour.In Dhaka on Tuesday, Xi met separately with the country's opposition leader, parliament speaker and president.In talks with Khaleda Zia, chairperson of Bangladesh's main opposition Bangladesh Nationalist Party (BNP), Xi lauded what Zia has done to promote the Sino-Bangladeshi relationship.He said China appreciates very much Bangladesh's precious support on issues concerning China's core interests like the issues of Taiwan, Tibet and Xinjiang.He said China supports Bangladesh's economic development and will continue to do its best to help the south Asian country.Zia said China is a close and friendly neighbor of Bangladesh. "Bangladesh always regards China as an important strategic partner," she said.Talking with Bangladeshi Parliament Speaker Abdul Hamid, Xi spoke highly of the comprehensive development of bilateral relations since both countries established diplomatic relations 35 years ago.He reiterated China's commitment to work with Bangladesh to push forward their comprehensive partnership of cooperation. He also called on the legislatures of both countries to further strengthen communication and promote mutual understanding.Hamid said the Sino-Bangladeshi relationship is time-honored and all the parties in the Bangladeshi parliament support developing relations with China.In talks with President Zillur Rahman, Xi said the Sino-Bangladeshi relations have stood the test of changes in the world situation and continually move forward."The cooperation in all areas is very fruitful and has brought real benefits to the two peoples and also plays an active role in maintaining regional stability, peace and development," he added.Xi said the two countries' decision to establish a "Closer Comprehensive Partnership of Cooperation" last March showed the direction for further developing bilateral relationship.Rahman said Bangladesh and China maintain good relationship. He believed Xi's visit will greatly promote the friendship between the two peoples and push bilateral relationship to a new level.On Tuesday afternoon, Xi left Dhaka for Vientiane, capital of the Lao People's Democratic Republic for an official visit.In a written speech at the airport upon his arrival, Xi said China and Laos enjoy profound traditional friendship, and established a comprehensive strategic partnership last year.Laos is the second leg of Xi's four-nation trip on June 14-24, which will also take him to New Zealand and Australia.

MOSCOW, Aug 20 (Xinhua) -- Trade between China and Russia has returned to the fast track in 2010, as bilateral trade volume reached 30.7 billion U.S. dollars from January to July, Russian and Chinese officials said here Friday.That represented a 49.6-percent increase year-on-year, the officials said at the 13th meeting of the Russia-China inter-governmental trade commission, which was co-chaired by Russia's Economic Development Minister Elvira Nabiullina and her Chinese counterpart Chen Deming.Mutual investments also surged this year, as Chinese direct investment to Russia jumped 58.5 percent during the first half of 2010 and the Russian investment to China up 18.3 percent, they said.Russia is interested in continuing cooperation in such areas as electric power, nuclear energy, logistic infrastructure, Nabiullina said.Chen said Chinese companies are willing to increase investment in Russian enterprises and to take part in their infrastructure construction.He noted that China would take active measures to promote the import of Russian mechanical and electrical products, and also hopes that in return Russia will open its market to more Chinese cars.During the meeting, chambers of commerce and companies from the two countries inked several cooperation agreements.