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BEIJING, Aug. 15 (Xinhua) -- China's securities supervisor said on Friday that the heavy slump on the country's equities market was caused by a combination of factors, both domestic and foreign.     These included a need for internal correction, increasing uncertainties on the global markets and frequent natural disasters, China Securities Regulatory Commission (CSRC) spokesman said at a press conference.     The unsound mechanism and structure of the country's equities market worsened the situation and widened the range of the correction, he said.     The benchmark Shanghai Composite Index edged up 0.56 percent to 2,450.61 points on Friday, closing out the week slightly higher after five days of losses. The key index has tumbled nearly 60 percent from its peak in October.     However, the trend of a steady and healthy performance would remain unchanged, he said, as the country's economy maintained steady and fast growth.     CSRC would study the emerging problems, promote the improvement of basic systems and optimize the structure of fund raising, he said.     CSRC would also adjust new share supply in line with market demand, enhancing the market mechanism in regulation.     The commission has slowed new share issues this year in an effort to brake the steep index declines as any mention of new share offering would cause a sharp plunge in the index.     From January to July, CSRC only approved the new offering (at least 100 million shares) of four companies, which raised a combined 64.32 billion yuan (9.38 billion U.S. dollars). Both the frequency and amount decreased, by 64 percent and 49 percent respectively, compared with the same 2007 period.     The commission would join with the State-owned Assets Supervision and Administration Commission to set up a real-time monitoring system to supervise transfer of the state-owned shares.

SARAJEVO, Sept. 12 (Xinhua) -- China and Bosnia pledged on Friday to strengthen cooperation between each other and push their relations to a higher level.     "China cherishes the traditional friendship with Bosnia, hopes to broaden political dialogues at different levels and deepen the exchange and cooperation in such fields as trade and lift the bilateral relations between the two countries to a higher level," visiting Chinese vice Premier Zhang Dejiang said.     Zhang made the comments in his meeting with rotating Chairman Haris Silajdzic of the Presidency of Bosnia and Herzegovina, and Nebojsa Radmanovic, another member of the group made of three members.     "China regards Bosnia as a trust-worthy friend and partner, and we greatly appreciate Bosnia's stance on one-China policy and its support for China's great cause of peaceful unification with Taiwan," Zhang said.     Silajdzic congratulated China on successfully staging the 29th Beijing Olympic Games. He said that the opening ceremony of the games displayed Chinese long history and its splendid culture and it also showed China's desire for a harmonious world. Bosnian Prime Minister Nikola Spiric (R) and Chinese Vice Premier Zhang Dejiang attend a news conference in Sarajevo, on Sept. 12, 2008. Nikola Spiric met with Zhang Dejiang on FridaySilajdzic said Bosnia and China enjoy a good tradition of mutual respect and mutual support. The two countries have a good cooperation in international and regional affairs.     "Bosnia and China have a sound base for furthering good bilateral relations. Bosnia hopes to strengthen the ties in trade and economy between the two, and push the friendly cooperation to a new level," Silajdzic said.     Zhang arrived here on the second leg of his three-nation European tour which has already taken him to Germany, where he attended the third meeting of the China-Europe Forum in Hamburg. Zhang will also visit Macedonia.

BEIJING, June 13 (Xinhua) -- A dozen people were killed and millions were affected as rainstorms continued to lash south China over the past two days, local authorities said on Friday.     Torrential rains also destroyed more than 10,000 houses, disrupted traffic and caused landslides in the provinces of Jiangxi, Hunan, Hubei and Anhui, Guangdong, as well as Guangxi Zhuang Autonomous Region.     Precipitation exceeded 300 mm in several counties and 250 mm in more than 20 during the last two days in Guangxi and Hunan.     Five people were killed in landslides and house collapses in Guangxi. More than 1.58 million were affected as of Friday morning. Local residents with their properties on shoulder cross over the inundated Xihuan Road and transfer to upper land in emergency, at Liuzhou City, southwest China's Guangxi Zhuang Autonomous Region, June 12, 2008.About 40 trains were delayed on Friday due to rain in Guangxi. Trains had to go slowly along major sections of track in Liuzhou, Guilin and Hechi.     Parts of the regional No. 202 and No. 318 highways were blocked by landslides, causing a loss of more than 25 million yuan (3.6 million U.S. dollars).     Navigation on the picturesque Lijiang River in scenic Guilin City had to be suspended because of a lengthy downpour, the local marine affairs administration said. Travel agencies issued emergency refunds to tourists who had signed up for boat trips.     The water level at the Wuzhou section of the Xijiang River surpassed the warning level of 18.5 m on Friday morning, and the level continued to rise by 0.1 m per hour. It was expected to reach 22 m by 8 a.m. Saturday. Vehicles are submerged on the inundated Xihuan Road, at Liuzhou City, southwest China's Guangxi Zhuang Autonomous Region, June 12, 2008. Wuzhou, a city near Guangxi's border with Guangdong Province, was ravaged by the worst flooding in 100 years in 2005.     The rain was expected to move eastward and weaken since Friday afternoon.     In neighboring Hunan, the worst-hit province in the severe winter this year, more than 50,000 people were evacuated in Yongzhou City as rain hit several counties. Jianghua County, where water depths reached 5 m, started the first class response on Friday.     Flood-prevention activities were undertaken in cities along the Xiangjiang River, a major tributary of the Yangtze River, as its water level would surpass the warning level in the coming days, according to a flood prevention conference on Friday.     Losses in Anhui were estimated at nearly 1 billion yuan as the rain affected more than 930,000 people and more than 70,000 hectares of crops.     The provincial department of civil affairs started to send tents to the most seriously affected counties of Xiuning and Shexian. A young man wades through the inundated Xihuan Road, at Liuzhou City, southwest China's Guangxi Zhuang Autonomous Region, June 12, 2008.In eastern Jiangxi Province, a rainstorm-triggered landslide killed a woman in Shangyou County. Rainstorms hit 61 counties in the province, with Chongyi County Hydrological Station recording the largest 24-hour rainfall total of 191 mm.     A storm in the southern city of Shenzhen, Guangdong Province, killed six on Friday, as bad weather continued to rage in the region. Four died after their houses collapsed in the morning while a couple selling fruit were electrocuted, officials said.     The rainstorm cut traffic, delayed airlines and caused landslides in the city neighboring Hong Kong.     The Guangdong Provincial Flood Control and Drought Relief Headquarters upgraded th fourth-grade emergency response to third-grade as the rainstorm hit the major rivers in the province. Local residents stand near the Wenhui Bridge to keep watch on the swollen Liujiang River in Liuzhou City, southern China's Guangxi Zhuang Autonomous Region on Friday, June 13, 2008At 6 p.m. on Friday, the water level of Beijiang River at Yingde station was 28.46 meters, 2.46 meters more than the alert level. The water level of Wujiang River at Lechang station was 90.77 meters, 3.57 meters more than the alert level. The water level of Lianjiang River at Lianxian station was 93.81 meters, 2.81 meters higher than the alert level.     More than 533 hectares of crops were inundated and 33 houses collapsed in Lechang City. The No. 247, No. 248 provincial highways were blocked by landslides. About 30 reservoirs and 28 hydropower stations were damaged. More than 38,000 people were relocated in the city, according to the Lechang city government.     The power authority central Hubei Province announced on Friday an alert situation for local power grid and the Huanglongtan Hydropower Plant against floods. About 4,000 electricians were on stand-by to fix power facilities if affected by the rainstorms.     Storms were expected to hit quake-battered Sichuan Province on Friday night and Saturday morning, according to the provincial meteorological bureau.     Relevant departments were warned of mud-and-rock flows and landslides that could be triggered by strong rains. 

DUSHANBE, Aug. 28 (Xinhua) -- Chinese President Hu Jintao and his Kyrgyz counterpart Kurmanbek Bakiyev on Thursday agreed to promote cooperation of the two countries in various fields.     During a meeting with Bakiyev here, Hu said "The consensus reached between us during my visit to Kyrgyzstan last year to fully deepen the mutually beneficial cooperation in all areas has been orderly put into practice, and bilateral ties have made new progress."     China attaches great importance to its ties with Kyrgyzstan and regards Kyrgyzstan as an important partner in Central Asia, he added.     Hu urged the two sides to well implement bilateral cooperative programs in the building of roads and railways, and to promote business at land ports to deepen bilateral trade and economic cooperation. Chinese President Hu Jintao (R) meets with Kyrgyz President Kurmanbek Bakiyev in Dushanbe, capital of Tajikistan, on Aug. 28, 2008, during the annual summit of the Shanghai Cooperation Organization (SCO).     The president said China is also willing to strengthen security cooperation with Kyrgyzstan.     Bakiyev said Kyrgyzstan has increased contacts with China "in all fields and at all levels" after Hu's visit in 2007.     He also highly spoke of bilateral cooperation under the framework of the Shanghai Cooperation Organization (SCO) and other multilateral organs.     "The Kyrgyz government, legislature and political parties will make all efforts to promote ties and advance cooperation in all areas with China," he said.     Speaking of the situation in Central Asia, Hu said China pays close attention to the changes of regional situation and will make its own efforts to promote solidarity, social stability and economic development among Central Asian nations.     China is also willing to closely coordinate with Kyrgyzstan to make Central Asia become a harmonious region featuring lasting peace and common prosperity, he said.     Bakiyev said Kyrgyzstan will continue to make efforts along with China and other nations in the region to safeguard regional peace and stability.     The meeting was held on the sidelines of the SCO summit which concluded earlier Thursday. The SCO, founded in 2001, groups China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan.     After paying a state visit to Tajikistan and attending the SCO summit, Hu would fly to Turkmenistan on Thursday night. He has already visited the Republic of Korea, the first-leg of his three-nation tour in Asia.

BEIJING, Sept. 29 (Xinhua) -- Chinese President Hu Jintao said here Monday the successful hosting of the Beijing Olympics and Paralympics symbolizes China's capability of making more contributions to the human civilization.     Hu made the remarks at an awarding meeting for people who made outstanding contributions to the Beijing Olympics and Paralympics. Chinese President Hu Jintao shakes hands with gold medal winner Cheng Fei before the awarding meeting for people who made outstanding contributions to the Beijing Olympics and Paralympics at the Great Hall of the People in Beijing, capital of China, on Sept. 29, 2008.Wu Bangguo, chairman of the National People's Congress (NPC) Standing Committee, Premier Wen Jiabao, and other top leaders Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang and Zhou Yongkang also attended the meeting.     Hu said that the hosting the Olympics offered the world an opportunity to know more about China and China to know more about the world.     "We would definitely cherish and carry on the spiritual heritage from hosting the two successful Games," Hu said. The awarding meeting for people who made outstanding contributions to the Beijing Olympics and Paralympics is held at the Great Hall of the People in Beijing, capital of China, on Sept. 29, 2008.On behalf of the Chinese people and government, Hu expressed gratitude to the Olympic family, the international community and the participating countries and regions, as well as the people who made great efforts and sacrifices for the Games.     Hu thanked overseas Chinese for their support, mentioning donations for building Olympic facilities such as the National Aquatics Center, also known as the Water Cube swimming pool, and the supports to the torch relay of the Beijing Olympic Games in many countries.     "After strenuous work in the past seven years," Hu said, "China fulfilled the solemn promise to the international community that it would organize a wonderful games for the world." Representatives of prize-winning teams and organizations attend the awarding meeting for people who made outstanding contributions to the Beijing Olympics and Paralympics is held at the Great Hall of the People in Beijing, capital of China, on Sept. 29, 2008. The central authorities awarded 340 teams or organizations as well as 566 individuals for their outstanding work for the Olympics and Paralympics during the meeting held here on Monday."We achieved great success and spread the great Olympic spirit, which benefited the friendship and mutual understanding among the world people," Hu said. "We imprinted the Olympic history book with a unique Chinese stamp."     Hu asked the Chinese people to sum up the treasured experience in organizing the excellent Olympic Games and Paralympic Games and promote innovation in governance and management.     "We should further free our mind, take bolder steps in the process of reform and make more innovations," Hu said.     Hu emphasized that the success of hosting the great Olympics was achieved after a disastrous earthquake hit Sichuan Province on May 12.     "No hardship could ever stop the courageous Chinese nation," Hu said, adding that the Beijing Olympics showcased China's advantage of mobilizing collective wisdom and strength of the nation in carrying out significant missions. Representatives of Chinese athletes attend the awarding meeting for people who made outstanding contributions to the Beijing Olympics and Paralympics is held at the Great Hall of the People in Beijing, capital of China, on Sept. 29, 2008.The Olympic spirit, said Hu, would promote the Chinese people to advance their civilization, strengthen the Chinese cultural soft power, enrich their own social life and boost their morale.     The president praised all the people and organizations which had made different contributions in the latest seven years after Beijing won the bid to host the 2008 Games.     In his speech, Hu also briefly reviewed the history of Chinese Olympic participation including the first proposal to host an Olympic Games one century ago and the remarkable first gold medal achieved at Los Angeles Games in 1984.     The central authorities awarded 340 teams or organizations as well as 566 individuals for their outstanding work for the Olympics and Paralympics, including some from the more than 1.7 million volunteers for the two games.     The Olympic host country also gained unprecedented glory in sports, winning 51 gold medals.     At the awarding meeting, which was attended by more than 6,000 people, Vice President Xi Jinping read the decisions of the Communist Party of China (CPC) Central Committee and the State Council on awarding organizations and individuals for their work for the Olympics. The State Council also decided to award the Beijing Organizing Committee for the Olympic Games (BOCOG) and the Hong Kong sub committee for the Olympic equestrian competition.     BOCOG President Liu Qi, who is also secretary of the CPC Beijing Municipal Committee, representatives from athletes, volunteers, organizers, security workers and the armed forces also spoke at the meeting.     Xia Geng, mayor of the Olympic co-hosting city Qingdao, Liu Chunhong, Olympic weight-lifting gold medalist and other volunteer and organizer representatives also gave speeches at the meeting.