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HONG KONG, Sept. 22 (Xinhua) -- Hong Kong stocks gained 45.12 points, or 0.21 percent to close Wednesday's trading at 22,047.71.The benchmark Hang Seng Index traded between 22,229.18 and 22, 021.6 on a turnover of 69.08 billion HK dollars (about 8.9 billion U.S. dollars).All the four sub-indices of the benchmark index landed in the positive territory, with properties advancing the most by rising 1. 2 percent.Heavyweight HSBC slid 0.49 percent to 81.1 HK dollars, extending its falling streak to the third day this week. The nation's telecom giant China Mobile gained 0.38 percent to 79.8 HK dollars. Sole market operator HK Exchange rallied 1.35 percent to 142.5 HK dollars.For financial shares, CCB, which accounts for the third largest weighting of the Hang Seng Index, went up 0.59 percent to 6.77 HK dollars. Meanwhile, the nation's largest lender by market value ICBC shed 0.17 percent to 5.84 HK dollars, Bank of China up 0.25 percent to 4.09 HK dollars and Bank of Communication down 0.36 percent to 8.4 HK dollars.The two leading mainland-based insurers went to different directions as Ping An slumped 0.6 percent to 74.4 HK dollars and China Life moved up 0.32 percent to 31.5 HK dollars.Local developers remained strong following two days of upward move. Cheung Kong, the flagship company of Hong Kong's richest man Li Ka Shing, advanced 2.11 percent to 111.5 HK dollars.Another major developer SHK rose 1.79 percent to 125.2 HK dollars and the city's main residential builder Henderson Land jumped 2.63 percent to 52.65 HK dollars. Oil shares put on mixed performances, with Sinopec up 0.91 percent to 6.67 HK dollars, PetroChina up 0.46 percent to 8.71 HK dollars and CNOOC down 1.36 percent to 14.5 HK dollars.Aside from constituents stocks, China's leading electric motor manufacturer BYD was also among the most active. Share price of the Shenzhen-based company went down 3.56 percent to 54.2 HK dollars. (7.76 HK dollars equal one U.S. dollar)
BEIJING, Aug. 29 (Xinhua) -- Xie Yun, a 24-year-old new graduate, felt excited when he opened the door of the 50-square-meter apartment he rented in Changzhou city of east China's Jiangsu Province.Starting work in a computer company in July, Xie is one of the lucky few who enjoyed lower rents offered as part of the local government's affordable housing program. He pays 4.5 yuan per square meter for one month, around 10 percent of his monthly income.Also, the apartment is equipped with an air conditioner, a TV set and automatic drying racks."I'm quite satisfied, and I prefer to rent such an apartment rather than buy one," said Xie.Xie's home is one of 133 small-sized public-rent apartments purchased by the Changzhou government and rented to low-income families and the newly employed. Monthly rents varied from 3.5 yuan to 4.5 yuan per square meter, about 30 percent of the average price in Changzhou.In the city's southern section, migrant workers pay even lower costs."I only need to pay one yuan per day for renting a bed in the dormitory-like apartment, sharing a balcony and a toilet with eight people," said Chen Ling, an 18-year-old worker in an electronic firm in Changzhou.The 260,000-square-meter residential community provides 5,000 migrant workers with basic living facilities, including a supermarket, shopping mall, bank, Internet bar and dining hall.The Changzhou government has so far built as well as bought 10,500 units of public-rent housing, and offered 11,400 units of low-rent homes to migrant workers.
BEIJING, Oct. 3 (Xinhua) -- China's work safety supervisor will soon launch a nationwide inspection campaign on coal mines to crack down on illegal mining and prevent deadly accidents.A spokesman of the State Administration of Work Safety (SAWS) said Sunday the campaign, which starts on Oct. 10 and lasts until Nov. 30, will check whether accident-prone small coal mines of outdated capacity have been shut down according to state policies.Technological upgrades, merger and acquisition of coal mines will also be examined during the campaign, the spokesman said.According to the SAWS, 1,539 small coal mines of outdated capacity have to be closed in China this year to meet the country's carbon dioxide emission and pollution-reduction requirements.China's annual fatalities at coal mines had dropped from a peak of 6,995 deaths in 2002 to 2,631 in 2009, according to data from the SAWS.Six people were killed and 12 were injured in a coal mine gas outburst Sunday in southwest China's Guizhou Province, a spokesman with the provincial work safety bureau said.The accident occurred at around 1:20 a.m. Sunday in Xinglong Coal Mine in Tongzi County, Zunyi City of Guizhou, said the spokesman.Thirty-five people were working in the mine when the accident happened. Twenty-two people escaped, and another 12 were rescued.One worker missing was later found dead in the mine, and five died when being taken to hospital.
BEIJING, Oct. 20 (Xinhua) -- Senior Chinese and U.S. officials vowed here Wednesday to boost cooperation in law enforcement and make joint efforts to improve bilateral ties.The pledge came when Zhou Yongkang, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, met with visiting U.S. Attorney General Eric Holder at the Great Hall of the People in Beijing.Holder is the highest-ranking U.S. judical official to visit China since U.S. President Barack Obama took office in 2009.A sound relationship between China and the United States is not only in the interests of the two nations' peoples but also conducive to peace, stability and prosperity in the Asia-Pacific region and the world at large, said Zhou, who is also secretary of the Political and Legal Affairs Committee with the CPC Central Committee."We hope the United States will honor its commitments and think of and handle bilateral relations from a long-term and strategic perspective. We also hope the U.S. will respect China's sovereignty and dignity and not do anything that hurts the overall China-U.S. relationship," said the Chinese official.Zhou said China is serious about cooperation with the U.S. and hopes to make joint efforts to hunt down fugitive suspects, and fight terrorism, drug abuse and intellectual property rights violations.Holder said the United States attaches importance to U.S.-China relations and hopes to find common ground with China while putting aside differences.The U.S. Department of Justice hopes to be a good partner of its Chinese counterpart, he added.
BEIJING, Oct. 21 (Xinhua) -- Chinese Foreign Ministry on Thursday confirmed it had started preparations for President Hu Jintao's visit to the United States early next year, which the ministry said would be profound and far-reaching for bilateral ties."China and the United States have maintained close communications about the visit, which will be very important and will bring far-reaching influence for bilateral relations in new era," spokesman Ma Zhaoxu told a regular press briefing.Although Hu's U.S. visit had long been under discussion, it was the first time that China's foreign ministry confirmed the visit and elaborated on its significance.Ma said both China and the United States would like to see a successful visit that will boost the positive, cooperative and comprehensive China-U.S. relationship in the 21st century.At their meeting on the sidelines of the G20 summit in Toronto in June, U.S. President Barack Obama formally invited Hu to pay a state visit to the United States early next year. Hu accepted the invitation, Ma said.The visit will be Hu's first state visit to the United States since the Obama administration took office.His last state visit to the United States took place in April 2006."We agreed that we will work together to achieve tangible results in anticipation of the visit of President Hu to Washington in January 2011," U.S. Attorney General Eric Holder said in Beijing Thursday.Chinese analysts said the visit would be significant because it is expected to help address current issues and chart a path for the long-term bilateral ties."At such a crucial moment, Hu's visit will help reshape the China-U.S. ties in future," said Yuan Peng, a scholar of the China Institute of Contemporary International Relations.Relations between the two countries had stumbled earlier this year over issues ranging from U.S. arms sales to Taiwan to China's currency exchange rate, said Qin Yaqing, deputy director of Chinese Foreign Affairs University."It is impossible for two presidents' meeting to iron out all the differences, but the meeting will enable presidents to elaborate on their stances for better mutual understanding," Qin said.The past has proved that high-level visits could play a unique role in boosting China-U.S. relations, Yuan said. "It always worked the things out at the critical time."Yuan said Hu's visit was aimed at bringing the damaged China-U.S. relations back on "healthy and stable" track."In months ahead of Hu's visit, the United States should be reasonable in dealing with issues like trade and economy and refrain from measures undermining bilateral ties," said Shi Yinhong, a professor of China's Renmin University.Before their meeting in Washington next year, Hu and Obama are scheduled to meet on the sidelines of the G20 summit and Asia-Pacific Economic Cooperation(APEC) leaders' gathering in November.