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BEIJING, Aug. 29 (Xinhua) -- China National Chemical Engineering Co., Ltd. (CNCEC), one of the country's leading engineering, procurement and construction firms, said its net profit for the first six months of 2010 grew by 58.61 percent.Net profits totaled 653 million yuan (96 million U.S. dollars) while earnings per share stood at 0.13 yuan, up 20.37 percent from one year earlier, the company said in a statement filed with the Shanghai Stock Exchange late Sunday.CNCEC said its revenues during the first half of this year were valued at 14.57 billion yuan, among which project construction contracts accounted for 13.03 billion yuan, up 15.97 percent from one year earlier.The Beijing-based company has also made progress in overseas markets where revenues increased by 63.53 percent to nearly three billion yuan, while domestic revenues grew by 8.54 percent to 11.5 billion yuan, according to the statement.CNCEC attributed its strong performance to collective material purchasing, improved outsourcing and investment management, continuously reduced project costs and an effective human resources incentive mechanism.

DAMASCUS, Oct. 31 (Xinhua) -- China's top political advisor Jia Qinglin on Sunday vowed to promote political, economic ties and people-to-people contact with Syria.Jia, chairman of the Chinese People's Political Consultative Conference (CPPCC) National Committee, made the pledge when holding talks with Suleiman Kaddah, vice chairman of the National Progressive Front.Jia hailed the traditional friendship and current cooperation between China and Syria in political, economic, cultural and education sectors and on international affairs, saying the similar experience of the two states in history helped to facilitate mutual understanding and support.China appreciates Syria's adherence to the one-China policy and its support to China on issues related to China's core interests and major concern, Jia said.China also supports the just cause of Syria for safeguarding its national sovereignty and territorial integrity, and backs Syria in resuming the exercise of full sovereignty on the Golan Heights at an early date, Jia said.Jia suggested the two sides strengthen political exchanges and mutual trust, and expand economic and trade cooperation."China encourages qualified Chinese enterprises with good credits to invest or set up factories in Syria, and supports Syria to export more to China," he said.Jia also proposed the two sides increase consultation on regional and international affairs, jointly safeguard the legitimate rights and interests of the two states and of other developing countries, push for a new, fair and reasonable international political and economic order, and promote the friendly cooperation between China and Arabian and Islamic countries.Jia suggested the two nations boost exchange at people-to-people and local levels, and promote cooperation in such fields as media, culture, education, academy and tourism.Kaddah, in his turn, applauded Syria's friendship and cooperation with China, saying China is playing an important role in safeguarding the world peace.Syria appreciates China for its long-standing position of settling international disputes through dialogue and enhancing mutually beneficial cooperation among all countries, he said.Kaddah reiterated Syria's stance on issues that concern China's core interests, saying Syria will constantly abide by the one-China policy.Jia and Kaddah both pledged to promote exchanges and cooperation between the CPPCC and the National Progressive Front.

FUZHOU, Sept. 2 (Xinhua) -- Tropical storm Lionrock, the eighth of this year, made landfall on east China's Fujian Province early Thursday morning, local meteorologists said.The storm landed at Gulei Town of Zhangpu County at around 6:50 a.m. with a speed of 82.8 km per hour near its center.Under the impact of Lionrock, torrential rain was seen along the coast of Zhangzhou City, and the rain was the heaviest in Dongshan and Zhangpu counties.No casualties have been reported.Local meteorologists have warned residents of mudflows and landslides that might be triggered by the tropical storm.The meteorologists forecast that rainfalls would be up to 100 to 200 mm in Zhangzhou, Quanzhou, Xiamen and Putian cities of Fujian from Thursday to Friday.By 7:00 p.m. Wednesday, 162,200 people in the province had been evacuated to safe places, and 50,703 fishing ships had been back to harbors.

BEIJING, Nov. 8 (Xinhua) -- Chinese stocks rose for a third straight trading day Monday with the benchmark Shanghai Composite Index closing up 0.96 percent, or 30.01 points, at 3,159.51.The Shenzhen Component Index gained 0.54 percent, or 73.94 points, to finish at 13,807.3.Combined turnover declined to 453.1 billion yuan (68 billion U.S. dollars) from 459.17 billion yuan the previous trading day.Gainers outnumbered losers 743 to 132 in Shanghai and 950 to 140 in Shenzhen.Agricultural shares led the gains with a 5.39 percent rise amid increased inflation expectations and surging farm product prices.Some economists believe China's consumer price index (CPI), the main gauge of inflation, jumped 4 percent year on year in October.Yasheng Industrial Group, Yongan Forestry Group and Fengle Seed Company all rose by the daily limit of 10 percent, ending at 6.47 yuan, 12.84 yuan and 20.77 yuan, respectively.Local stocks in Shanghai continued their surge after Walt Disney Co. inked a deal Friday for its long-awaited theme park in the city.Shanghai Lujiazui Finance and Trade Zone Development Co., Ltd rose 4.8 percent to 22.7 yuan while Shanghai Pudong Road and Bridge Construction Co. Ltd. gained 3.08 percent to finish at 20.43 yuan.Yu Wei, an analyst at Shiji Investment, said more "hot money" will flow into Chinese capital markets because of the U.S. Federal Reserve's second round of quantitative easing, QE2."As the government works on controlling inflation and the property market, the A-share market will be the most attractive place for 'hot money' inflows," he said.

BEIJING, Sept. 10 (Xinhua) -- Chinese equities closed higher on Friday with the key Shanghai stock index up 0.26 percent, boosted by robust performance of the medical sector.A superbug which is spreading globally spurred investors to switch to drugmakers. And reports of deaths from hard tick bites in central China's Henan Province added to the investment tendency.The medical sector rose by 4 percent as a whole on Friday, with several medical shares, including Lukang Pharma, Neptunus, Chase Sun and Meheco, increased by the daily upper limit of 10 percent.The property sector was unsettled over concerns of further property market tightening measures as China's National Bureau of Statistics (NBS) said property prices in 70 major cities rose 9.3 percent in August.China Vanke Co., the country's largest listed developer, fell 1.45 percent than the previous close to stand at 8.16 yuan (1.2 U.S. dollars) on Friday.The benchmark Shanghai Composite Index climbed 6.86 points, or 0.26 percent to closed at 2,663.21. The Shenzhen Component Index rose 65.64 points, or 0.57 percent, to end at 11,530.99.Combined turnover stood at 257.19 billion yuan (38.03 billion U.S. dollars) from 297.99 billion yuan on the previous trading day.Gainers outnumbered losers by 506 to 344 in Shanghai and by 634 to 390 in Shenzhen.