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SHANGHAI, Jan. 11 (Xinhua) -- The listed arm of China's biggest train maker, China South Locomotive and Rolling Stock Industry (Group) Corporation (CSR), has been allowed by regulatory authorities to raise 9 billion yuan (1.41 billion U.S. dollars) on the stock market, the company said Wednesday.The Hong Kong- and Shanghai- listed CSR Corp. Ltd. will sell 1.96 billion shares at 4.46 yuan apiece to select investors, it said. But CSR's parent -- state-owned CSR Group -- has agreed to buy no less than 6 billion yuan's worth of the shares, leaving the rest to institutional investors.CSR's net profit growth in the third quarter of 2011 plunged to 9.66 percent year-on-year from a high of 85.08 percent in the first half of 2011 as the country put the brakes on development of the railway sector after a deadly bullet train crash on July 23 that killed 40 people and injured 210 others.The decision to slow the development of high-speed rail lines has led to halts in construction of about 90 percent of ongoing railway projects, or 10,000 km of rail lines across the country, local media reported earlier.CSR is the maker of the bullet trains involved in last July's deadly collision. After the accident, the company's executives bought a combined 540,000 share in August, a move seen as an attempt to bolster battered stock prices.Analysts say the fundraising would help CSR greatly ease its financial burdens. The company earlier pledged to maintain profit growth and its dividend policy to boost investors' confidence.

BEIJING, Jan. 9 (Xinhua) -- The United States Treasury Secretary Timothy Geithner will discuss economic ties and exchange views with Chinese officials on the global economic situation during his trip to China, Foreign Ministry spokesman Liu Weimin said on Monday.Liu said at a regular press briefing that Geithner will visit China from Jan. 10 to 11 as the U.S. President's special representative. Premier Wen Jiabao, Vice President Xi Jinping, Vice Premier Li Keqiang and Vice Premier Wang Qishan will meet with him during the visit.Liu said China and the U.S. have agreed to build a partnership of cooperation based on mutual respect and mutual benefit."The global economic and financial situation is facing severe challenges. Further strengthening China-U.S. economic and trade cooperation will be helpful in meeting these challenges," Liu said."China has proposed further promoting the two countries' economic and trade cooperation and hopes the U.S. will work with China toward this end," Liu said.

BEIJING, Oct. 8 (Xinhua) -- The rise of China is the definitive economic and political story of the time, yet the 1911 Revolution should not be overlooked, as it was the catalyst that enabled the nation to terminate more than 2,000 years of imperial rule -- one of the longest periods of autocratic rule in the world.China will commemorate the centennial anniversary of the 1911 Revolution, or Xinhai Revolution, with a grand ceremony on Sunday. The legacies of the revolution are set to inspire the world's most populous country with an ancient civilization to continue swimming with the tide of the times, marching on the road to become an empowered modern nation.The 1911 Revolution, which began on October 10, 1911, with an armed uprising, ended the imperial rule established by Emperor Qinshihuang in B.C.221 by toppling the Qing Dynasty (1644-1911) and resulting in a republican government, the first in Asia.Behind the revolution was a burgeoning democratic movement and the rising influence of Western civilization.The revolution not only rid Chinese men of humiliating ponytails and women of the excruciatingly painful foot-binding, but also removed the people's blind faith in the emperor, as well as the fear of foreign powers. The event has since been emancipating people's minds from thousands of years of oppression and self-enclosure.China has become a rising power in sharp contrast to 100 years ago when every country could bully it.Over the past century, the nation united to fight for its destiny and independence. From the Opium War (1840-1842) to the Xinhai Revolution, patriots from all walks of life came together to fight against the imperial autocracy and foreign invasion, with the aim of national rejuvenation by building a country that's respected by the world.Rejuvenation is the common will of the civilization that has existed for over 5,000 years, and no one can halt the process.The 1911 Revolution, led by Dr. Sun Yat-sen, overthrew imperial rule and opened the gate for China's modernization. Yet the dreams of Sun were not fully accomplished, as leaders of the revolution were from the capitalist class and the masses of workers and farmers were not given full play. They still lived in poverty, their democracy and freedom not guaranteed.Ten years after the 1911 Revolution, the Communist Party of China (CPC) was founded. It took the banner from Sun and shouldered the responsibility of rejuvenating the nation.History has proven that only those who fight for the interests of the people can lead the country to success.Looking back at the past 100 years, it is clear that the Chinese nation swam with the tide of the times, moving forward in the right direction of humanity.Dating back thousands of years, China was among the first countries that shifted from a slave society to feudalism and took the lead toward advanced technologies and outstanding institutions and culture.However, imperial China failed to embrace reform while Western countries overthrew feudalism and emancipated the productive forces after the Renaissance. The failure of the Middle Kingdom was a result of standing still and refusing to make progress by insisting imperial autocracy.The 1911 Revolution was a positive response from China, a result of the country's pioneers applying lessons learned from the outside world. It was also a move from an agricultural society to an industrial society, from autocracy to democracy, and from the emperor's courtyard to the home of ordinary people.But it failed to establish a modern system to eliminate long-standing malpractices and push forward the country's development. China was mired in civil wars and foreign invasions in the first half of the 20th century before the mantle of leadership was handed over to the CPC.Looking to the future, the Chinese people have realized they cannot rest on their achievements. They need to be vigilant against unexpected changes and learn from advanced civilizations with open minds. They must exert effort for domestic economic construction rather than seeking world hegemony.The rejuvenation of the Chinese nation will be a long and difficult process, and development still deserves to be a top priority.Although China has become the world's second largest economy, it remains a developing country, and its GDP per capita ranks only about 100th in the world. Poverty and backwardness still can bee seen in many parts of the country.And the ancient feudal tradition, including the rule of man in certain areas, is still one of the major obstacles hindering China from realizing its modernization goal.During his speech entitled "The Path to China's Future" at Britain's renowned Royal Society in June, Premier Wen Jiabao said, "China was long under the influence of feudalism. After the founding of New China, the country went through the turmoil of the decade-long Cultural Revolution. Since China opened itself, some new developments and problems have occurred."Promoting democracy, improving the legal system and strengthening effective oversight of power remains a long and arduous task for the nation.To commemorate the 1911 Revolution, with a keen sense of responsibility and democracy, people will spur social progress. The more the people participate in social management and public affairs, the greater the momentum there will be to sustain social progress.As for China's development, worldwide observers need to take a more patient and milder attitude.It is better to bear in mind that China feared no difficulties in the history and is pushing forward the reform and opening up with greater resolve.China has conformed with the general situation of the world and the universal values of humanity and is on its way to becoming a modern and progressive country that seeks common development and interests with other countries.One hundred years after the revolution, China is again at a crucial point. The world is undergoing fundamental changes, while scientific and technological revolution and economic globalization are progressing every day. With the financial crisis and other problems, the future of the world is uncertain.Only by swimming with the tide of the times can China achieve complete rejuvenation and make greater contributions to humanity.

BEIJING, Nov. 4 (Xinhuanet) -- The amount of trans fat and other nutritional information will be marked on the labels of prepackaged food, according to the country's first national standard for food nutrition. The labeling will take effect on Jan 1, 2013. "It will help standardize the nutrition facts labeling by food producers and facilitate consumers' rights to know and choose, while improving public awareness of food nutrition," said Yang Yuexin, a senior nutritionist with the Chinese Center for Disease Control and Prevention (CDC). The new regulation by the Ministry of Health stipulates that food labels have to include the food's nutrition information, including levels of energy, protein, fat, carbohydrate and sodium. Food products without proper labels showing the nutritional information will be banned when the new rule takes effect. The new regulation also stipulates that if any hydrogenated or partially hydrogenated fat is used to produce the food, the level of trans fat will have to be highlighted on the nutrition information label. Trans fat is usually produced during food processing when liquid oils are converted into semi-solid fats that help keep food fresh longer. However, the partially hydrogenated oil contains trans fat that can substantially increase the risk of heart disease. However, Zhang Jian, a researcher with CDC's National Institute for Nutrition and Food Safety, said that compared to Western diets, the Chinese diet contains a far lower level of trans fat and there is no need to over react.

BEIJING, Dec. 23 (Xinhua) -- The personal information of more than 6 million Internet users on CSDN, or China Software Developer Network, the country's largest programmers' website, was leaked by hackers, raising concerns about web security and triggering widespread panic.The leak was first exposed by China's leading anti-virus software provider, Beijing-based Qihoo 360, on Wednesday. The company said the leak included user IDs, passwords and e-mail addresses in clear text.The hacking case escalated on Thursday after the personal details of subscribers to more websites, including popular online gaming and social networking sites, were leaked.Online media reports said the personal data of up to 50 million Internet users has been leaked so far, but the number could not be independently verified.In response, the National Computer Network Emergency Response Technical Team/Coordination Center of China (CNCERT/CC) issued a statement Thursday, saying the CSDN's user data bank that leaked on the Internet was created before April 2009 and the passwords were stored in clear text, but the passwords had been encrypted after the data bank was upgraded in April 2009."Therefore, similar security problems have not been found in the newest user data bank," the statement said.Technical experts are investigating how many websites and users were actually involved in the hacking case, said Zhou Yonglin, director of the CNCERT/CC Operating Department."False information and exaggerations cannot be ruled out," he said.Nevertheless, CNCERT/CC has ordered CSDN to take immediate action in repairing the system hazards and providing users with timely security solutions.Computer security experts at Qihoo 360 believe the leak has spread to other websites."Many Internet users have registered the same passwords for their e-mail, microblog, online gaming and online payment accounts, so, if the server of one of the websites is hacked, their accounts and passwords on other websites would also be stolen," said Qihoo 360's Dr. Shi Xiaohong.Police authorities in Beijing told Xinhua on Friday that an investigation has been launched.WEB SECURITY IN QUESTIONDisgruntled Internet users in China rushed to change their passwords after the leak occurred, the largest of its kind in the history of China's Internet development."It is very annoying. I had to spend almost an hour changing the passwords of all my online accounts, especially those for payment accounts," said Li Xing, a white-collar worker at a technical company in Beijing.