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SHANGHAI, Nov. 16 (Xinhua) -- The death toll of a big fire that engulfed a high-rise building in downtown Shanghai had risen to 53 by 9:20 a.m. Tuesday, local authorities said.More than 70 people injured in the inferno are being hospitalized.The 28-story building at the intersection of Jiaozhou Road and Yuyao Road in Jing'an District, a densely-populated area in Shanghai, was being renovated when it caught fire at about 2:15 p.m. Monday.The fire was mostly extinguished at 6:30 p.m. after local authorities dispatched 25 fire units and more than 100 fire engines to the scene. Helicopters were sent to rescue people trapped on the roof.Firefighters use illuminating facility to search for survivors on the residential building in the downtown area of Shanghai, east China, Nov. 16, 2010. The death toll of a big fire that engulfed a high-rise building in downtown Shanghai had risen to 53 by 9:20 a.m. Tuesday, local authorities said. More than 70 people injured are being hospitalized. The cause of the fire remained unknown, but a witness said he saw construction materials burning before the fire climbed up the scaffolding and quickly spread.Jing'an District government has arranged food and accommodations for fire-affected residents evacuated to nearby hotels.Residents said the building, built in the 1990s, housed mainly teachers from several schools in Jing'an District, many of whom were retired.
NANJING, Dec. 18 (Xinhua) -- A kindergarten teacher who reportedly burned seven children using a hot iron on Tuesday has been detained for 10 days by police and fired from her teaching position in east China's Jiangsu Province, said local authorities on Saturday.The teacher, surnamed Yi, 30, of Banqiao Kindergarten of Xinghua City, said that "she did not know the iron was still hot when she used it to discipline the children," according to information released at a press conference held by the city government.The seven children were slightly burned on the face. The burns are expected to fade without treatment within two weeks and probably will not leave scars, according to doctors at Xinghua City People's Hospital.As of Saturday, two children had returned to class, one dropped out of this kindergarten, two remained at home resting and two are seeking treatment in east China's Shanghai Municipality, according to information released at the press conference.Further, the municipal police detained Yi for 10 days and fined her 500 yuan (75 U.S. dollars).The kindergarten owner apologized at the press conference and fired Yi.As for Yi's using an iron because she did not think the iron was still hot, many people did not believe this and posted threads online, such as "How could you still think the iron is not hot since you burned seven kids."But the police believe Yi did not foresee such consequences.Dai Yongjian with the city public security bureau, said the iron had been unplugged from the socket for over ten minutes before burning the children, according to Yi's co-workers."Yi had treated children well before the incident, according to our talks with the kindergarten owners, teachers and children' s parents," said Dai.The students' faces did not show any injuries until that afternoon, said Dai.Yang Qiuhong, mother of one injured child, named Wang Junhua, said , "I was angry at first, but now I forgive Yi and the kindergarten since Yi used to treat my child well and after this incident, the head of the kindergarten came to my home right away and took my child to the hospital."The police believed that Yi lacked necessary medical knowledge and did not seek treatment for the children immediately after their faces began to show signs of being burned.Yi was said to "regret her actions very much", according to Wu Gang, deputy chief of the municipal Education Bureau.Yi does not have a preschool teacher certificate, which is quite common in Xinghua City, since only 40 percent of the 1,600 kindergarten teachers have such certificates, said Wu.According to the regulation issued by the Jiangsu Provincial Government, such a certificate is required for some kindergarten posts, such as the head of the kindergarten and medical personnel. Others have to acquire such certificate within three years after working at a kindergarten.Banqiao Kindergarten is a private school established in 2000.Also, Banqiao Kindergarten is a popular kindergarten and many parents line up to have their children enrolled there, said Wu.

BEIJING, Dec. 31 (Xinhua) -- On the last trading day of 2010, the Chinese currency, the yuan, strengthened to a record high for a second consecutive day, at 6.6227 per U.S. dollar, after 11 consecutive days of gains.The central parity rate of the currency, also known as the renminbi (RMB), was set two basis points stronger than Thursday's 6.6229, according to the China Foreign Exchange Trading system.China's central bank announced on June 19 it would further reform the formation mechanism of the yuan exchange rate to improve its flexibility.
BEIJING, Nov. 10 (Xinhua) -- China's central bank moved a step further to tighten liquidity amid increasing inflation pressures as it ordered Chinese banks to set aside more reserves on Wednesday.The People' s Bank of China, or the central bank, announced it would raise the deposit reserve requirement ratio (RRR) for Chinese financial institutions that accept deposits by 50 basis points from Nov. 16, which was estimated to freeze more than 300 billion yuan (45.1 billion U.S. dollars).The order came on the eve of Thursday's release of China' s October consumer price index (CPI), which is projected, by some economists, to reach 4 percent.The RRR for the four big state-owned banks - the Industrial and Commercial Bank of China, China Construction Bank, Bank of China and Agricultural Bank of China - will stand at 18 percent once the rise takes effect.Further, Wednesday's move will raise the deposit reserve ratio for other large financial institutions to 17.5 percent and that for small-and medium-sized financial institutions to 15.5 percent.The adjustment is the fourth RRR increase the central bank has ordered for Chinese banks this year, and the first time it has done so since it hiked interest rates by 0.25 percentage points last month.Chinese experts believe combined concerns, ranging from the looming hot money inflows caused by the United State quantitative easing to the growing inflation risks and soaring assets bubbles, have caused the central bank to raise the RRR to rein in liquidity."The central bank announced interest rates hikes and the RRR rise within one month, as the U.S. 600 billion-US-dollar quantitative easing is likely to send more speculative capital flowing to the emerging markets, and domestic commodities prices continue to increase, " senior economist with the Asian Development Bank, Zhuang Jian said, adding that the RRR increase will trim the banks' credit capital, which will help curb market speculation inflows and stabilize commodities prices.China's central bank, on Oct. 20, announced a rise of its benchmark one-year lending and deposit rate by 0.25 percentage points, the first interest rates hike in three years, as the nation's CPI hit a 23-month high to 3.6 percent in September.October's CPI is due to be announced on Thursday, while economists anticipate the October year-on-year inflation is likely to rise to 4.1 percent.Further, prices of China' s edible farm produce have witnessed consecutive increases since mid-October, as prices of 18 types of vegetables in 36 large and medium-sized cities rose by 4.9 percent during the week that ended Nov. 7, according to data released Wednesday by the Ministry of Commerce.Zhang Ping, head of the National Development and Reform Commission, said Tuesday that the nation's CPI is expected to exceed the government' s annual target of 3 percent.Also, the nation's real estate prices continued the upward trend in October, though at a slower pace, with property prices in 70 major Chinese cities increasing by 8.6 percent year on year in October, down from the 9.1-percent increase in September, the National Bureau of Statistics showed Wednesday.Li Huaiding, analyst with the Guoxin Securities Co., said Wednesday's rise would contribute to scaling back liquidity, but pressures still exist in the upcoming months, and the central bank may again increase interest rates before the end of the year.Additionally, the central bank said in a report issued on Nov.2 that it would gradually normalize the monetary policy from its counter-crisis mode and tighten control over liquidity to maintain moderate credit growth in the coming months this year.
BEIJING, Dec. 25 (Xinhua) -- Top Chinese political advisor Jia Qinglin Saturday called for strengthening work in cities to assure the nation's ethnic unity is maintained.Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), made the call in a written instruction to a seminar held on Friday and Saturday in Ningbo City, Zhejiang Province, to discuss increasing ethnic unity in urban areas.He urged officials to strengthen the management of ethnic work in cities in line with law, ensure decent services to people of all ethnic groups, and promote the education of ethnic unity to realize the prosperity and co-development of all ethnic groups in China.Speaking at the seminar, Vice Premier Hui Liangyu ordered officials of city level governments to properly deal with ethnic issues to speed the progress of national unity.Hui noted that ethnic work in urban areas played a vital part in China's overall ethnic work, and the improvement of urban ethnic work is more important and urgent than ever.He urged all-out efforts be taken to ensure the legal interests of ethnic people and resolve the difficulties and problems they encounter at work and in life in general.
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