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BEIJING, Aug. 20 (Xinhua) -- China's insurers felt the side effect of the country's booming auto market -- with operating losses totaling 2.9 billion yuan (427 million U.S. dollars) in 2009.Insurance Association of China said here Friday that its 30 member insurance companies that are engaged in traffic compulsory insurance business underwrote 85.02 million units of vehicles in 2009, up 23 percent from a year ago.Total compulsory insurance premiums rose 21 percent year on year to 66.8 billion yuan (9.84 billion U.S. dollars), according to the association.Meanwhile, the industry handled 11.78 million claims regarding traffic liability mandatory insurance products last year with reimbursements totaling 47.2 billion yuan (6.95 billion U.S. dollars), it said.Offsetting 2.4 billion yuan (353 million U.S. dollars) investment revenue with 18.6-billion-yuan (2.74 billion U.S. dollars) operating costs, the industry posted a loss of 2.9 billion yuan (427 million U.S. dollars) last year, according to the association.Retail sales of China-made autos rose 17.18 percent year on year to 1.056 million units in July this year, raising auto sales in the first seven months to more than 8.24 million units, up 28.58 percent from a year earlier, according to data from the China Automotive Technology and Research Center released earlier this month.

BEIJING, Aug. 6 (Xinhua)-- China firmly opposes any remarks and actions that violate its sovereignty over Xisha Islands and adjacent waters in the South China Sea, said Foreign Ministry spokeswoman Jiang Yu here on Friday.Jiang made the comment after Vietnamese foreign ministry spokeswoman Nguyen Phuong Nga said Thursday, according to media reports, that Chinese vessels' seismic exploration activities near Xisha Islands had violated Vietnam's sovereignty."China has indisputable sovereignty over Xisha Islands and adjacent waters," Jiang reiterated in a news release.

BEIJING, July 5 (Xinhua) -- Premier Wen Jiabao said here Monday that China regards India as an important strategic partner of cooperation."We will work with India to maintain high level visits and take care of each other's core interests and major concerns," Wen said when meeting visiting Indian prime ministerial special envoy Shiv Shankar Menon.Wen also pledged to enhance dialogue and cooperation with India to benefit the two peoples, and make joint efforts to promote world peace and common prosperity.Hailing the 60-year diplomatic ties between China and India, Wen said the bilateral relationship has matured well, with deepening mutual political trust and remarkable achievements in cooperation in various sectors.Chinese Premier Wen Jiabao (1st R) meets with visiting Indian prime ministerial special envoy Shiv Shankar Menon (1st L), who served as Indian National Security Advisor, in Beijing, capital of China, on July 5, 2010.The two countries have also reached important agreements and made sound coordination in coping with the international financial crisis, climate change and other major issues, Wen noted.Wen said China and India, as neighbors and large developing nations with largest populations, enjoy not only profound historical and cultural origins but also broad common interests."A healthy, stable and dynamic China-India relationship is of far-reaching significance to the two nations, Asia and the whole world at large," he said.Wen also extended greetings to Indian Prime Minister Manmohan Singh and the President of the Indian Congress Party Sonia Gandhi.Menon, who serves as Indian National Security Advisor, delivered Prime Minister Singh's letter to Premier Wen.Menon quoted Singh's saying that China is a great and friendly neighbor of India, and the relationship with China is one of the most important foreign relations for India.Both India and China have developed rapidly in recent years, and the two nations have established a strategic partnership of cooperation, with increasing mutual trust. Menon said this has laid a sound foundation for strengthening bilateral cooperation.With the world going through an important development phase, both India and China should take bigger role in directing its course, Menon said.India would work with China to jointly make development planning and create new situations for the growth of bilateral ties, he noted.Menon arrived in Beijing Saturday, and is scheduled to conclude his trip on July 6.

WUHAN/XI'AN, July 23 (Xinhua) -- Authorities in two Chinese provinces traversed by the Hanjiang River, the largest branch of the swollen Yangtze River, issued fresh flood warnings Friday.The Flood Control and Drought Relief Headquarters in central Hubei Province said areas along the Hanjiang River will face severe floods.Pressure is building at the Danjiangkou reservoir, which is already dealing with the worst flooding of the year so far.The water level in the reservoir had risen to 150.74 meters by Friday, about 1.74 meters above the warning line, and is expected to rise to 152 meters before the end of the month.Engineers at the reservoir more than doubled the flow rate of water from 1,920 cubic-meters per second to 5,000 cubic-meters per second.Along the upper reaches of the Hanjiang River in Shaanxi Province, floods and landslides had left at least 73 people dead and 121 missing as of Friday noon, the provincial government said.About 213,000 residents from 24 counties and districts in the cities of Hanzhong, Ankang and Shangluo in southern Shaanxi have been evacuated. More than 60,000 houses have been destroyed or damaged.A new round of rainstorms began to pound the region Thursday. Between 20 to 80 millimeters of rain has fallen, raising water levels in the Hanjiang River.Authorities in Shaanxi have ordered disaster relief agencies and government departments evacuate flood-threatened residents as soon as possible.Floods in China this year had left 742 people dead and 367 missing as of 9:00 a.m. Friday.

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