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BEIJING, Aug. 22 (Xinhua) -- Wuhan Iron and Steel Company Ltd., the listed subsidiary of China's third largest steel maker, said Sunday that its net profit rose 90.43 percent year on year to 963.53 million yuan (141.7 million U.S. dollars) during the first half of the year as strong economic growth boosted steel demand and prices.The company's first-half-year sales reached 34.36 billion yuan, up 50.72 percent from one year earlier, it said in a statement delivered to the Shanghai Stock Exchange.However, costs also climbed in the first six months compared with a year earlier because of increases in raw material prices, it said.Production costs for steel products gained 47.12 percent year on year to 31.18 billion yuan. Further, the company's steel output in the first half of the year gained 29.75 percent year on year to 8.04 million tonnes.China's producer price index, a major gauge of inflation at the wholesale level, rose 6 percent in the January-June period, according to statistics released by the National Bureau of Statistics.However, the company was likely to face a "difficult time" in the second half of 2010 and meeting its full-year profit target would become a "challenging task" as demand from auto, home appliance and real estate sectors experienced "drastic changes" since July, leading to more restrained sales and falling prices, it said.Company officials also worried that high prices of iron ore, coal and electricity would further push up production costs and squeeze profit margins.On Friday, the price of its shares fell 2.87 percent to 4.73 yuan on the Shanghai bourse.
BEIJING, July 14 (Xinhua) -- China publicized regulations on natural disaster relief on Wednesday.The regulations, which make clear the responsibility of governments in disaster relief work, will take effect Sept. 1, 2010.According to the regulations, leaders of governments at all levels will be held accountable for relief work, and the nationwide relief work is to be commanded by the national disaster reduction authority.The regulations also stipulates that governments above county level are responsible for mapping out emergency response plans, providing transportation and communication facilities to disaster relief work, designating emergency shelters and training disaster relief teams.Further, the Legislative Affairs Office of the State Council issued a statement Wednesday, further clarifying the regulations.The statement notes that China is a natural disaster prone country. Over the past two decades, natural disasters have killed 4,300 people each year.The central government has allocated over 5 billion yuan (737 million US dollars) of annual relief fund during the past five years.The statement goes on to say that disaster relief work is still plagued by several problems, such as slack supervision over donations and other concerns.To address this problem, the regulations stipulate that donations could only be used in relief work. Governments at all levels, including grass-roots communities, should make public all information about donors, amounts of donations, and its specific usage.The regulations also stipulates that governments at all levels must devise a supervisory system dealing with complaints and whistle blowers, to prevent abuse of disaster relief donations and materials.

XIAMEN, Fujian, June 19 (Xinhua) -- The Chinese mainland and Taiwan kicked off the largest-ever grassroots-forum in southeast China's city of Xiamen Saturday evening, as more than 10,000 Taiwanese are expected to participate during the next seven days.Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), declared the opening of the weeklong Straits Forum before a huge audience at the International Convention and Exhibition Center of Xiamen.Now in its second year, the forum will feature 25 activities including leisure chats, galas, and religious worship, instead of formal dialogues and policy-setting negotiations that dominate other major mainland-Taiwan exchanges." hspace="0" src="/d/file/p/2010/06/4a9775d47b447dde7f8f012bc892feb9.jpg" border="0" />Jia Qinglin(8th R), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), attends the opening ceremony of the second Strait Forum in Xiamen, southeast China's Fujian Province, on June 19, 2010Organizers said about 80 percent of the Taiwan participants this year would be non-officials and over 60 percent were from central or southern Taiwan."The forum is a landmark innovation of cross-Strait exchanges. It is a grand gathering of people from all sectors across the Taiwan Strait and a platform for grassroots civilians from both sides to communicate," said Wang Yi, head of the State Council's Taiwan Affairs Office.On the stage, Wang surprsingly used Minnan dialect -- the mother tongue of most residents in central and southern Taiwan -- to greet the audience.Wang urged people from the mainland and Taiwan to unite to push for peaceful development of cross-Strait relations.Taiwan's ruling party Kuomintang's vice chairwoman, Huang Ming-hui, sang "Girls of Alishan Mountain" -- a well-known Taiwanese folk song at the opening ahead of a gala show.
BEIJING, July 6 (Xinhua) -- China's weather forecast authorities said Tuesday that rains are expected to fall on parts of east China starting Thursday, offering some respite to a wide-ranging heat wave that had wreaked havoc across the country over the past few days.From Beijing in the north to Guangzhou in the south, a number of the elderly and children were hospitalized for heat-related illnesses. Some zoo animals died or struggled to survive by laying on ice.Also, a passenger bus caught fire in downtown Beijing and swarms of locusts blanketed a couple of dry prairies and grasslands in the north.The National Meteorological Center (NMC) raised the heat alert to orange on Tuesday, one step before the highest level, and said at least 16 provinces, autonomous regions and municipalities were enduring the extreme heat.In Beijing, the temperature shot up to 40.6 degrees Celsius, breaking the city's early July heat record in more than 50 years. Further, the extreme high temperatures would continue in north, east and west China for the next 24 hours before rains begin to fall, the authorities said."Every day we have about 300 patients, 100 more than the average," Qin Jian, head of the emergency unit of Xuanwu Hospital in Beijing, said. "The wards and emergency rooms have been full right from the morning."
LHASA, July 4 (Xinhua) -- Reincarnation of the 5th Living Buddha Dezhub was selected following a lot-drawing ceremony held early Sunday morning in Lhasa, capital city of Tibet Autonomous Region in southwest China.A candidate with the secular name Losang Doje was selected as the reincarnation in accordance with a regulation on reincarnation of living Buddha of Tibetan Buddhism, issued by the State Administration for Religious Affairs, and historical conventions and religious rituals.The ceremony was held in the Jokhang Temple in Lhasa.Losang Doje would become the sixth Living Buddha Dezhub after the approval of the People's Government of the Tibet Autonomous Region.
来源:资阳报