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BEIJING, Aug. 29 (Xinhua) -- Shanghai Pudong Development (SPD) Bank said its first-half-year net profit rose 33.92 percent from one year earlier due largely to lending boom and increased commission fees.Net profits climbed to 9.08 billion yuan (1.34 billion U.S. dollars) in the first six months of this year, the Shanghai-based lender said in a statement filed with the Shanghai Stock Exchange late Sunday.Its growth in profits stemmed from rising operating revenues, a result of growing net interest earnings, increased fee incomes and the improved quality of assets, according to the statement.Earnings per share stood at 0.791 yuan, up 20.21 percent from one year earlier. Also, operating revenues grew 36.42 percent to 22.75 billion yuan in the first half of 2010, it said.Total assets for the commercial bank hit 1.781 trillion yuan by the end of June, up 9.77 percent from the end of 2009.

BEIJING, Sept. 12 (Xinhua) -- China expressed on Sunday its firm opposition to any kind of investigation by the Japanese side on the illegally detained Chinese trawler after the Japanese authorities towed the trawler for a mock collision.In a written statement, Foreign Ministry spokeswoman Jiang Yu said Japan's so-called evidence-taking activities were illegal, invalid and would finally go in vain.China demands the Japanese side to stop activities that would lead to escalation of the situation and release the Chinese fishermen and their ship immediately and unconditionally, Jiang said, stressing it was the only way to solve the problem.Early Sunday morning, the Chinese boat was towed to the sea near Ishigaki island in Okinawa Prefecture to recapture the situation when it collided with two patrol ships of Japanese Coast Guard off Diaoyu Islands in the East China Sea on Tuesday.The Chinese trawler under detention stops at the harbor of Ishigaki, Okinawa, Japan, Sept. 9, 2010. Japan Coast Guard sent the captain of the Chinese trawler which collided with Japanese patrol ships in waters off Diaoyu Islands to prosecutors in Okinawa Prefecture Thursday morning.All the 14 Chinese fishermen were on board, Xinhua has learned. They had been kept on boat off Ishigaki harbor. The staff of the Chinese Embassy in Tokyo had called on them over the past five days.No injuries were reported after the collision, but the fishing boat was then intercepted and seized by Japanese patrol ships.Japan's Coast Guard arrested the Chinese captain of the fishing boat for alleged "obstructing public duties" early Wednesday despite China's protest.Zhan Qixiong, the 41-year-old captain, was taken to a local police station on Ishigaki island after a local court granted on Friday a request by prosecutors for a 10-day detention through Sept. 19.Chinese State Councilor Dai Bingguo on Sunday told Japan to make a "wise political resolution" and immediately release the Chinese fishermen and fishing boat.Dai, who made the remarks when summoning Japanese Ambassador to China Uichiro Niwa in the wee hours, was the highest-ranking Chinese official to make a response after the fishing boat and its crew were seized Tuesday."Dai expressed solemnly (to the Japanese ambassador) the Chinese government's grave concerns and its serious and just position," said the Foreign Ministry in a statement.Dai warned Japan not to make a wrong judgment on the situation and urged it to make a "wise political resolution" and immediately release the fishermen and return the boat.Niwa said he would promptly report the Chinese position to his government, said the statement.China decided Friday night to postpone a negotiation with Japan on the East China Sea issue scheduled for mid September, after the Japanese court ruled a 10-day detention through Sept. 19 against the captain despite protests from China.Previously, Foreign Minister Yang Jiechi on Friday summoned the Japanese ambassador and demanded Japan immediately and unconditionally release the boat and all the crew, saying China's determination to defend its sovereignty over the Diaoyu Islands and the interests of the Chinese people was unswerving.Announcing the postponement of the talks on Friday night, Foreign Ministry spokeswoman Jiang Yu said the Japanese side has "ignored China's repeated solemn representations and firm opposition, and obstinately decided to put the Chinese captain under the so-called judiciary procedures."She said Japan's acts have violated the law of nations and basic international common sense, and are "ridiculous, illegal and invalid.""Japan will reap as it has sown, if it continues to act recklessly," Jiang warned.Protests of the public also emerged recently in China against the Japanese move.On Wednesday, more than 40 Chinese nationals staged a protest near the Japanese embassy in Beijing over the detention of the Chinese fishing boat.The unofficial China Federation for Defending the Diaoyu Islands organized the half-hour protest on Wednesday.Witnesses said the protesters chanted the Chinese national anthem while holding up national flags and banners, two of which read "Japan out of Diaoyu Islands" "Diaoyu Islands are China's and so is the East China Sea." Li Wen, a federation official, blasted Japan's act as aggression and demanded release of the fishing boat and crew members, and an apology and compensation from the Japanese government.If the demands were not met, the federation would organize Diaoyu Islands defenders to land on the islands during the National Day holiday, which runs through Oct. 1 to Oct. 7, Li said.

BEIJING, Oct. 26 (Xinhua) -- Chinese Vice Premier Wang Qishan met Chairman of the Presidential Committee for the G20 Summit of the Republic of Korea (ROK) II SaKong Tuesday in Beijing. They exchanged views on preparations for the fifth G20 Summit in Seoul next month and agreed to continue to enhance communication and cooperation so as to achieve positive results at the summit.The fifth G20 Summit, an international forum on economic cooperation among the world's 20 major economies, will be held on Nov. 11 and 12. Chinese Vice Premier Wang Qishan (R) meets with Chairman of the Presidential Committee for the G20 Summit of the Republic of Korea (ROK) Il SaKong in Beijing, capital of China, Oct. 26, 2010.Previous G20 summits were held in Washington, London, Pittsburgh and Toronto.The G20 members -- Argentina, Australia, Brazil, Britain, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, the ROK, Russia, Saudi Arabia, South Africa, Turkey, the United States and the European Union -- account for 90 percent of global output, 80 percent of global trade and two-thirds of the world's population. 

NANJING, Oct. 4 (Xinhua) - Three months after high school, 18-year-old Wang Mingyuan landed a part-time job in KTK Group, one of China's leading railway components manufacturers, in east China's Jiangsu Province.Unlike other migrant workers, Wang also started a three-year vocational school education at the same time, thanks to the work-study program launched this year by the Jiangsu provincial government.The program offers employment opportunities in high-technology and community-service fields to vocational school students. Currently, Wang works three days of each week in the company and spends another two days as a student, learning computer science and engineering."I felt very depressed about the future when I knew I failed the college entrance exam. But after attending the work-study program, I think if I work hard, I may fare as well as those with college educations," Wang said."Through the program, I could gain career-related, on-the-job work experience, which is valuable for my job hunting and career development," he continued.For a long time, college has been seen as a necessary, even if not sufficient, ticket to the middle class by the Chinese people. However, the steadily increasing number of students attending Chinese colleges since the late 1990s caused a growing number of graduates to fail in finding a job.In contrast, skilled workers are badly needed in China as skilled job vacancies hit 4 million across the country by the end of 2009."As the country's industrial restructuring accelerates, the demand for skilled workers will become increasingly buoyant," said Huo Jianguo, director of the Trade Research Institute affiliated with the Ministry of Commerce.On the one hand, the employment market ran short of skilled workers. On the other hand, China's employment situation remained grave as millions of people were laid off, Huo said.

BEIJING, Oct. 24 (Xinhua) -- China's Ministry of Commerce (MOC) vowed to step up regulation of sugar markets on Sunday after reserves helped stabilize prices which recently rose to a record high amid continuing harsh weather.Between Oct. 10-17, the retail price of small-packed sugar averaged 7.68 yuan per kilogram in major cities, up 1.3 percent from the end of September, according to data provided by the MOC.It shows that prices have begun to stabilize, according to the MOC website. The ministry also vowed to strengthen market regulations.China auctioned 210,000 tonnes of sugar reserves on Oct. 22 in a bid to curb soaring prices, which have been blamed on this season's frequent extreme weather in China's major sugar-producing areas, as well as reduced supplies overseas.In southwest China's Guangxi Zhuang Autonomous Region, the country's major sugar-growing area, sugar prices hit a record 6,000 yuan per tonne (902.3 U.S. dollars) on Oct. 11.Further, sugar futures hit an eight-month high of 683.20 pounds per tonne in London on Oct. 15.Also, the MOC said government reserves remain abundant and pledged to improve market supplies and ensure the public's needs.Between October 2009 and September 2010, eight batches of reserve sugar, or a total of 1.71 million tonnes, were auctioned, according to the MOC.