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BEIJING, March 31 -- The shifting of a 40-year-old system of setting annual iron ore prices to a short-term pricing mechanism may shake up the Chinese steel industry by creating an even playing field for all steel mills - large and small - in terms of raw material costs.BHP Billiton said on Tuesday that it had concluded agreements with a significant number of Asian customers to shift pricing for the majority of its iron ore to short-term contracts, which are based on market prices.A worker at Liaoyang Iron and Steel Company, Liaoning province. There are 1,200 steel mills in China, but only 112 have licenses to import iron ore at long-term prices. Unlicensed firms have to buy iron ore from the spot market.Vale wants a new pricing system every quarter, said Pedro Gutemberg, director of marketing and research at Vale in Beijing on Tuesday, speaking at an industry conference"A more time-adjusted pricing mechanism is needed in order to better reflect real market prices," he said. "Benchmark prices are over. This is a market-oriented industry."That shift may be of some value to smaller steel mills."Vale has offered quarterly priced iron ore to us, which means we could buy iron ore at the same prices that large steel mills pay," said a sales manager at a small, private steel mill that doesn't have an iron ore import license.

BEIJING, May 24 (Xinhua) -- China and the United States should keep up communication and consultation on issues concerning each other's major interests such as the Iran nuclear issue and the Korean nuclear issue.Ma Zhaoxu, spokesman of the Chinese delegation attending the strategic track of the on-going second round of China-U.S. Strategic and Economic Dialogues (S&ED), made the remarks at a press briefing after the first meeting of the strategic track on Monday."The two countries should also enhance consultation and cooperation on counter-terrorism, non-proliferation and the fight against cross-border crimes," Ma said.On Monday afternoon, officials from China and the United States held two rounds of meetings, during the second half of which they discussed how to strengthen cooperation on major international and regional issues, and cooperation on international system reform and Asia-Pacific regional cooperation mechanism building."The S&ED, as an important platform, provides the two sides a good channel to discuss and consider cooperation in this regard," Ma said.Ma told the press the other four suggestions China proposed for further enhancing bilateral cooperation, including:-- To give full respect and consideration to each other's major interests and concerns while carrying out cooperation;-- To follow the globally-recognized rules guiding international relations, and peacefully resolve regional hot issues through dialogue and negotiation;-- To deal with disputes with an objective and calm attitude, and not to let the overall situation of China-U.S. cooperation deteriorate due to temporary difficulties;-- To expand cooperation, especially communication and consultation in such areas as climate change and energy security, so as to benefit the two countries and the world as a whole.He said mutual understanding and trust between the two countries had increased after the past rounds of strategic dialogues. The two sides have defined their relationship as positive, cooperative, comprehensive and 21st-century-oriented.The military relationship was also an agenda in Monday's talks, despite their bilateral military exchanges being suspended since the U.S. arms sales to Taiwan earlier this year."In the meeting, delegates from the Chinese Liberation Army said the Chinese side always attaches importance to mutual trust and cooperation with the U.S. side. However, respect for each other's core interests is an important basis for the development of a sound and stable China-U.S. military relationship. China will continue military exchanges and cooperation with the United States in the principle of mutual respect, mutual trust, equity and reciprocity," Ma said.Prior in the morning, the two countries' delegates held an hour-long close door meeting of the strategic track. Chinese State Councilor Dai Bingguo and U.S. Secretary of State Hillary Clinton co-chaired the talks.

CHENGDU, May 29 (Xinhua) -- China Saturday started construction of a center in southwestern China's Sichuan Province to train giant pandas born in captivity to live in the wild.The center is located at Majiagou of Yutang Town, Dujiangyan City, said Zhang Zhihe, head of the Chengdu Giant Panda Breeding and Research Base and founder of the center.The center covers an area of 134.87 hectares and will cost 160 million yuan (23.5 million U.S. dollars).After the center is completed, the breeding and research base will put 40 to 50 giant pandas raised in captivity into the center for training and research, according to Zhang.The center will cooperate with the Chengdu breeding and research base, the Wolong Giant Panda Conservation Base, the Dujiangyan Disease Control and Prevention Center for Giant Pandas and the Shaanxi Rescue Center for Endangered Animals.In the experimental zone of the center being built, the giant pandas will be trained to reduce their dependency on humans. But they will still live in cages.After five to 10 years training in the experimental zone, the giant pandas that perform well will be introduced into the "half-natural" zone.In the following five to 10 years, the pandas there will live in tree holes or caves and forage for food. But they will still receive frequent checkups and participate in artificial breeding.Then, only one or two of the giant pandas will have the chance to spend another five to 10 years in a nearly "natural" zone with little human contact. Then they will be released into the nearby giant panda natural reserve, Zhang said.Giant pandas are the world's most endangered species. Some 1,590 panda live in the wild and over 300 pandas are in captivity in China, Zhang said.China started a giant panda training project in 2003 to teach the animals to live in the wild. But the project suffered a major setback when Xiang Xiang, a five-year-old male panda, was found dead in a remote part of the Wolong Nature Reserve in February 2007.Xiang Xiang was released into the wild in April 2006 after nearly three years of training.

BEIJING, May 31 (Xinhua) -- China's top quality supervisor said Monday that Changan Ford Mazda Automobile Co. has started a recall of 236,643 Focus cars over a problem that caused vehicles to stall.The recall covered vehicles manufactured from August 18, 2008, to May 28 this year by the joint venture owned by Ford, Chongqing-based Changan Automobile and Mazda Motor Corp., the General Administration of Quality Supervision, Inspection and Quarantine said in a statement on its website.The company posted a similar statement on its website Monday, saying the recall came after several customers complained about stalling when the car was moving at low speeds, which was because of the engine software.Both statements said the company would provide the customers with updated engine software free of charge.