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BEIJING, May 10 (Xinhua) -- China will conduct consultations with the European Union on the steel fastener trade dispute in line with the rules of the World Trade Organization's disputes settlement system, said an official with the Ministry of Commerce Monday.China's anti-dumping investigation into carbon-steel fastener imports from the EU was based on Chinese regulations and the assessment of the harm to the domestic industry, said the official.The remarks came after the EU filed a complaint Sunday against China at the World Trade Organization over Beijing's decision to impose anti-dumping measures against carbon-steel fastener imports, which included self-tapping screws, bolts and gaskets.Chinese fastener importers were required to pay a deposit to customs based on the margins -- ranging from 16.8 to 24.6 percent -- between the normal value of the products and the alleged dumping price since Dec. 28, 2009.Initial investigations by the Chinese authorities showed the EU had allegedly dumped carbon-steel fasteners on the Chinese market, which caused substantial damage to the local industry.The temporary anti-dumping measures were adopted to safeguard the legitimate rights and interests of the domestic producers, the official said.China started an anti-dumping probe into EU carbon steel fasteners on Dec. 29, 2008, after an application for a probe by the fastener branch of the China General Machine Components Industry Association on behalf of Chinese fastener producers.
HANGZHOU, March 28 (Xinhua) -- China's Ministry of Water Resources (MWR) said Sunday the country will step up water conservation infrastructure construction to better cope with natural disasters.The central government has allocated over 80 billion yuan (11.7 billion U.S. dollars) this year for water conservation projects. Total investment in the sector is expected to hit 200 billion yuan, MWR vice minister Jiao Yong said at a work conference Sunday in Hangzhou, capital city of the eastern Zhejiang Province.Jiao said water conservation facilities in China would be expanded while insuring the quality of the projects.Meanwhile, repair and maintenance work on reservoirs in poor condition will be boosted this year, said Sun Jichang, a senior MRW official.China needed to reinforce a total of 6,240 faulty reservoirs in the three years to 2010. So far, only 2,000 of them have been reinforced as insufficient local funding or possible misuse of funds has delayed the work, Sun said.Local water authorities will be rushed as the Ministry is requiring all reservoir repair work be finished by the end of the year.

BEIJING, April 3 (Xinhua) -- China's Purchasing Managers' Index (PMI) of the non-manufacturing sector rose to 58.4 percent in March, a rebound of12 percentage points from February, when the index fell below the boom-bust line of 50 percent for the first time since a year earlier, an industrial association said Saturday.The PMI, designed to provide a real-time snapshot of business conditions, includes a package of indices including new orders, inventory levels, production and others that measure economic performance. A reading of above 50 percent suggests expansion, while one below 50 percent indicates contraction.The rise of the index indicated robust market activities in service sectors, which combined with an optimistic outlook that would encourage private investment and promote healthy and coordinated development of national economy, said the China Federation of Logistics and Purchasing (CFLP) vice president Cai Jin.According to the CFLP survey, the new order sub-index for China's non-manufacturing sector climbed to 54.6 percent last month, up 8.4 percentage points than February. The outlook sub-index was 70.4 percent, up 2.4 percentage points.The CFLP survey covers 20 non-manufacturing industries, including logistics, wholesale, hospitality, supermarkets and construction.The PMI for manufacturing sectors rose to 55.1 percent in March, the 13th straight month that the index was above 50 percent.
URUMQI, May 21 (Xinhua) -- China's support package for the far-west Xinjiang Uygur Autonomous Region unveiled Thursday has become a hot topic for residents of the region who hailed the strategic plans that help bring prosperity to their hometown.Chinese President Hu Jintao said during a central work conference held in Beijing from Monday to Wednesday the region should undergo a spurt in development so that by 2015 its per capita gross domestic product reaches the national average.Incomes and access to basic public services should reach the average level of the country's western regions, he said."I have noticed that 'People's livelihood' is mentioned several times in the package. The improvement of people's living standards can help ease social conflict and therefore ensure a more stable development environment," said Amiti Wushouer, an employee of the region's transport department.A cab driver surnamed Zhang in the regional capital of Urumqi told Xinhua he was particularly interested in the part about the government relaxing policies about using natural gas in Xinjiang."This means the tensions concerning natural gas here will ease, and that's what we Xinjiang people have always wanted," said Zhang, who followed the news about the support plan on the radio.Zhang Man, an experienced stock investor in Urumqi, was thrilled to see the shares of companies based in Xinjiang surge across the board Friday.To boost development in the region, the government will cut taxes for some enterprises in the region, according to the package."The tax cuts are good news for listed Xinjiang companies and companies who have branches here, which will eventually benefit infrastructure construction and industries in the region," said Zhang Man.According to the package, Xinjiang will be the first Chinese region to reform resource taxes.The resource tax for oil and gas produced in Xinjiang will be levied based on price instead of quantity, effectively raising the revenue for the regional government."The resource tax reform will also help save energy and cut emissions," said Zhang Man."We must engage in vigorous economic development, accelerate the pace of development," said Chinese Premier Wen Jiabao, who also attended the meeting.Wen said the fixed asset investment goal for Xinjiang in the government's next five-year plan starting in 2011 will be more than double the amount in the current plan that ends this year.Banks will be encouraged to expand services in the region, he added."We feel this is a new starting point for Xinjiang, and we have to try our best to make the most of this great opportunity," said Hadeerbieke, deputy secretary-general of Altay Prefectural Party Committee in northern Xinjiang.
YUSHU, Qinghai, April 23 (Xinhua) -- A Chinese official Thursday said there had been no looting of quake relief materials in northwestern province of Qinghai and the aid had been distributed to victims in a fair and transparent way.Geng Yang, director of the Qinghai Provincial Department of Civil Affairs, said sparse looting did happen in the early period of the distribution of the relief materials."But this has been promptly stopped by government," Geng said in response to some media reports which also said some individuals in the Tibetan Autonomous Prefecture of Yushu, hit by a 7.1-magnitude quake on April 14, stockpiled and sold the materials at high prices. Rescuers search for possible survivors and useful articles of local people in Gyegu Town of quake-hit Tibetan Autonomous Prefecture of Yushu, northwest China's Qinghai Province, April 22, 2010.Geng said their own investigations did not discover the alleged misconduct.
来源:资阳报