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BEIJING, June 11 (Xinhua) -- Chinese police have launched crackdowns all over China to curb online soccer gambling as the 2010 World Cup kicks off in South Africa.More than 100 people have been detained for participating in online soccer gambling with more than 10 billion yuan (1.47 billion U.S. dollars) in funds involved in one case in Yuyao City, east China's Zhejiang Province, said Dong Xiaowei, deputy chief of the provincial public security bureau.More than 70 gambling groups have been cracked for online soccer gambling this year with more than 300 arrested, he said.Similar cases have been uncovered in Beijing, Chongqing, Shaanxi, Fujian and Shandong.There are about 2,000 Chinese and offshore websites for soccer gambling in China, and the membership of some websites amounts to one million, according to Public Security Ministry data.Gambling is prohibited on the Chinese mainland by law.

BEIJING, June 29 (Xinhua) -- The number of criminal explosion cases as well as gun crimes in China dropped by 13.4 and 33.1 percent year on year, respectively, in the first five months of 2010, Ministry of Public Security said in a statement Monday.The statement, however, did not provide exact numbers.Police nationwide seized over 351 tonnes of explosives, 1.7 million detonators, 15,000 guns, 1.84 million bullets, 300,000 imitation guns and 170,000 illegal knives since the launching of a national crackdown on illegal explosive and guns, the statement said.The widespread publicity about the police crackdown apparently paid off with 3,099 tips received from the public which led to the solving of 1,538 cases and the arrest of 2,065 suspects, said the statement.Those who provided information to police were rewarded with 960,000 yuan (about 141,000 U.S. dollars) in total, it said.

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, Aug. 5 (Xinhua) - China's banking regulator on late Thursday said the hypothetical situations in the risk tests of banks, such as a possible slump in property prices, does neither indicate the regulator's judgment on the property market nor possible changes in government property policies.The China Banking Regulatory Commission (CBRC) reaffirmed in an online statement that it allows banks in regions with soaring property prices to suspend loans for third homes according to their assessment on credit risks.The CBRC also said the down payment and the lending rate for third homes mortgage loans should be raised, but the specific amount should be determined by banks.The declaration was made in response to domestic reports that the CBRC had ordered banks in Beijing, Shanghai, Shenzhen, and Hangzhou to stop issuing loans to third home buyers.According to Bloomberg's Thursday report, the banking regulator had told lenders to include worst-case scenarios of prices dropping 50 to 60 per cent in cities where they have risen excessively, which signaled that the government might be growing more concerned about the health of the real estate market.

BEIJING, Aug. 16 (Xinhua) -- China's central bank and banking regulatory commission have ordered the country's financial institutions to provide preferential loan policies to victims in the mudslide-hit regions of Gansu and Sichuan provinces.The minimum down payment for a home in the disaster-affected urban regions could be reduced to 10 percent while the interest rate for home loans could be cut to possibly 60 percent of the benchmark rate, the People's Bank of China, the central bank, and China Banking Regulatory Commission said in a joint statement issued over the weekend.Banks were also asked to help ease loan pressures for rural residents in the disaster-affected regions.A massive mudslide, which took place on Aug. 8 in Zhouqu County of northwest China's Gansu Province, has killed 1,248 people as of 4 p.m. Sunday, with 496 still missing. Flooding and mudslides in southwest China's Sichuan Province has left at least 13 dead and 59 missing.