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BEIJING, Aug. 29 (Xinhua) -- Shanghai Pudong Development (SPD) Bank said its first-half-year net profit rose 33.92 percent from one year earlier due largely to lending boom and increased commission fees.Net profits climbed to 9.08 billion yuan (1.34 billion U.S. dollars) in the first six months of this year, the Shanghai-based lender said in a statement filed with the Shanghai Stock Exchange late Sunday.Its growth in profits stemmed from rising operating revenues, a result of growing net interest earnings, increased fee incomes and the improved quality of assets, according to the statement.Earnings per share stood at 0.791 yuan, up 20.21 percent from one year earlier. Also, operating revenues grew 36.42 percent to 22.75 billion yuan in the first half of 2010, it said.Total assets for the commercial bank hit 1.781 trillion yuan by the end of June, up 9.77 percent from the end of 2009.

HAIKOU, Oct. 7 (Xinhua) -- More than 130,000 people were evacuated after more than 550 villages were submerged by floods by Wednesday afternoon in southern China's island province of Hainan, local authorities said late Wednesday.The torrential rains are the heaviest in Hainan since 1961, a spokesman for the provincial government said.Water levels at five reservoirs are now in danger of crossing their limits because of heavy rains across the island. Rescuers are working to reinforce them, the official added.The floods have damaged two highways, two national routes, eight provincial routes along with several other roads.So far, no casualties have been reported among tourists, the official said.Torrential rains have battered many areas of Hainan for six days. Several cities, including the provincial capital of Haikou and the beach resort of Sanya, have also suffered flooding. The four cities of Qionghai, Wanning, Ding'an and Haikou were most seriously hit. Parts of the island received an average 324.7 mm of rainfall.Hainan Island is a famous tropical tourist resort and attracts millions of visitors every year. However, tourist numbers were reported to be down by nearly 50 percent Wednesday, the sixth day of the one-week holiday celebrating National Day on Oct. 1.The rains are expected to weaken but continue until the end of the seven-day holiday, an official at the provincial meteorological observatory said Wednesday.

BEIJING, Oct. 25 (Xinhua) -- China's Ministry of Commerce (MOC) said on Monday it would levy provisional anti-dumping duties of up to 37.5 percent on methanol imported from Indonesia, Malaysia and New Zealand.After a preliminary investigation, the MOC found the three countries had dumped methanol onto the market, causing material damage to Chinese manufacturers.The MOC has imposed provisional anti-dumping duties ranging between 9.3 percent and 37.5 percent effective Oct. 28, according to a news release on its website.The MOC also concluded its investigation into imports from Saudi Arabia, though no evidence of dumping was found.Methanol, also known as methyl alcohol, is used as a basic material to produce chemical products such as plastics, paint, construction materials and windshield cleaning fluid.

TALLINN, Sept. 22 (Xinhua) -- Li Changchun, a senior official of the Communist Party of China (CPC), opened here on Wednesday the first Confucius Institute in the Baltic region.Li, a member of the Standing Committee of the CPC Central Committee's Political Bureau, said he hopes the facility, jointly launched by Estonia's prestigious Tallinn University and China's Guangxi University with the help of the Chinese Language Council ( also known as Hanban), would serve as a regional center for spreading Chinese culture and offer quality courses for Estonians who are interested in the Chinese language and eager to understand the Chinese culture.Tallinn University is the sole university in this Baltic country that boasts a Chinese major. It has enrolled Chinese- learning students in the past two decades.Rein Raud, rector of the university, reached an agreement with China's Hanban to set up a Confucius Institute on campus during a visit to Beijing in February. Guangxi University was chosen at the time to be its Chinese partner.The Confucius Institute at Tallinn University will offer the public three-month-long courses that teach both the Chinese language and the Chinese culture.The first set of those courses has been overbooked by Estonians, as more and more people in the country become interested in the language and culture of a booming China.Li, while talking with students majoring in Chinese at Tallinn University, encouraged them to study hard and learn more about the Chinese culture."I hope you can be ambassadors of cultural exchanges between China and Estonia, proponents of bilateral economic and trade cooperation and even Sinologists," he said.He added that cultural exchanges are meaningful projects which can "sow the seeds of friendship between China and Estonia" and play an important role in the overall bilateral relationship."The steady development of state-to-state relations is based on favorable public opinions toward each other, which can be nurtured through cultural exchanges," he said.Raud said the establishment of the Confucius Institute at the university was a landmark event in Chinese language learning and the spread of the Chinese culture in Estonia.He pledged to work closely with Guangxi University to build the Confucius Institute into a center for spreading the Chinese culture in the Baltic region.Earlier in the day, Li met with a senior Estonian parliament member on bilateral relations.He also paid a visit to the Port of Tallinn and was briefed on its latest development plans. The port has been trying to build itself into a regional maritime transportation center by seeking support from Chinese partners.Li arrived in Tallinn on Tuesday for a three-day official goodwill visit. Estonia is the first leg of his four-nation tour which will also take him to Montenegro, Ireland and Iran.

BEIJING, Oct. 31 (Xinhua) -- China has sent a strong signal that it would boost regional peace, stability and development in the spirit of cooperation and unity at the fifth East Asia Summit, said Qin Yaqing, deputy director of the Chinese Foreign Affairs University, in an exclusive interview with Xinhua here on Sunday."The most impressive part of Chinese Premier Wen Jiabao's attending the series of summits is the increasing number of bilateral diplomatic dialogues, all of which are quite significant, such as his meeting with Indian and Vietnamese leaders," Qin saidQin notedd, while meeting with Indian Prime Minister Manmohan Singh, Wen told his counterpart the world is large enough for both China and India to develop. His words carried a lot of weight and proved to the world that there was no fundamental conflict of interests for China and India to grow and prosper at the same time.Additionally, while meeting with General-Secretary of the Central Committee of the Vietnamese Communist Party Nong Duc Manh and Prime Minister Nguyen Tan Dung, Wen called for proper handling of the South China Sea issue.He suggested the two sides draw experiences from the successful demarcation of their land boarder and solve the disputes on the South China Sea issue through negotiations.Qin said Wen's talks with Vietnamese leaders reaffirmed China's position on solving the issue through dialogue and consultation without resorting to the threat of force, which was intended to have a demonstrative effect to other countries concerned.In his remarks between China and the Association of Southeast Asian Nations (ASEAN) at the 13th summit, Premier Wen also said cooperation between China and the ASEAN nations is "most pragmatic, most extensive and most fruitful."Commenting on Wen's words, Qin said links between China and the ASEAN nations have seen a rather fast-paced development, especially in economy and trade, which is seen as quite extraordinary."It is unthinkable that the trade volume could rise from several billion U.S. dollars in 1991 to over 200 billion this year in such a short time. And this kind of pragmatic cooperation has lifted the Eastern Asian economies out of the shadow of the financial crisis," he added.China and the ASEAN countries established "a strategic partnership for peace and prosperity" in 2003, and the two sides also inaugurated their free trade zone early this year.The establishment of the free trade zone has helped to boost trade relations between the two sides.According to the official Chinese data, the first nine months of this year has brought the total bilateral trade volume to 211.31 billion U.S. dollars, a 43.7 percent spike compared to the same period last year.Qin also said China has generated trade deficits with the ASEAN nations in recent years, which has displayed China's principle of "taking less and giving more."In Qin's mind, these achievements have not only dispelled the concerns of certain ASEAN nations, but also benefited their development.