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BEIJING, June 18 (Xinhua) -- China's fiscal risk is controllable as it aims for a balanced economy, a senior finance official said Friday in a call for "growth-friendly" fiscal consolidation of the world economy."According to some indicators, the fiscal risk China is facing is controllable, and China's fiscal development retains sound momentum," said Vice Finance Minister Zhu Guangyao at a news briefing on the fourth Group of 20 (G20) summit.China's budget deficit accounted for 2.9 percent of GDP in 2009 and was expected to stand at 2.8 percent this year, said Zhu."Even facing healthy and sound momentum, the Chinese government attaches importance to balanced and stable economic development," said Zhu.Fiscal consolidation would be a major topic at the Toronto summit, and the G20 leaders would discuss how to maintain robust, sustainable and balanced economic growth, said Zhu.Some European Union (EU) member states have announced austerity plans to cut public deficits in a bid to restore investor confidence in their economies and in the euro, but the fiscal consolidation measures have drawn strong opposition.Zhu said the global economy was undergoing gradual recovery, but still facing some uncertainties, especially with the European debt crisis.

BEIJING, July 28 (Xinhua) -- Profits at Chinese industrial enterprises in 24 regions climbed 71.8 percent year on year to 1.61 trillion yuan (237.5 billion U.S. dollars) in the first six months, the National Bureau of Statistics (NBS) said Wednesday.The growth rate was 11.2 percentage points lower than that in the first five months, the NBS said in a statement.Combined revenues for the enterprises totaled 25.9 trillion yuan in the first half of the year, up 36.5 percent from a year earlier - a growth rate 2.4 percentage points lower than in the January-to-May period.Most of the 39 major industries posted year-on-year profit growth.The 24 regions comprise all of the Chinese mainland provinces, municipalities and autonomous regions except the Inner Mongolia and Tibet autonomous regions; Hunan, Guangdong, Hainan and Yunnan provinces; and Chongqing.China's industrial value-added output expanded 17.6 percent year on year in the first half of the year. But month-on-month growth began to slow in March, with June's growth at 13.7 percent year on year.

BEIJING, July 13 (Xinhua) -- Rainstorms and consequent floods have left 107 people dead and 59 missing in ten provinces and municipalities -- mostly along the Yangtze River as of Tuesday afternoon, according to the Ministry of Civil Affairs.Latest figures from the ministry show that, as of 4:00 p.m. Tuesday, rain-triggered floods had affected some 29 million people and 997,000 had been evacuated.Further, the direct economic loss had reached 19.75 billion yuan (2.89 billion U.S. dollars). A total of 93,000 houses and 252,800 hectares of crops have been destroyed.A bus is trapped on a flooded street in Chizhou, east China's Anhui Province, July 13, 2010.Also on Tuesday, the China Meteorological Administration forecast that rainstorms would continue to batter some flooded regions in the provinces of Guizhou, Sichuan, Hubei, Jiangsu, Zhejiang and Anhui and are also expected in Chongqing Municipality over the next three days.Southern Qinghai, eastern Inner Mongolia, eastern Liaoning, central Gansu and western Yunnan will also receive heavy rain during the next three days.The Ministry of Health said Tuesday that the flood-hit regions had not reported any cases of epidemics or public health emergencies.

MANILA, Aug. 26 (Xinhua) -- The Philippine government's high- level delegation to Beijing and the Hong Kong Special Administrative Region to brief the Chinese side the hijack crisis was postponed and would be reset soon, senior government official said Thursday.Presidential Spokesperson Edwin Lacierda, quoting the Department of Foreign Affairs as telling reporters that the Philippine government is "awaiting for the confirmation of the Chinese side on the arrangement that will ensure that the mission of the planned visit is achieved."He added that appropriate announcement will be made when the visit will take place.Earlier, Philippine authorities said the high-level delegation composed of Vice-President Jejomar Binay, Department of Foreign Affairs Secretary Alberto Romulo and Lacierda were supposed to leave for Beijing on Thursday and then proceed to Hong Kong on Friday.The officials will personally deliver President Benigno Aquino III's messages when meeting with Chinese leaders in Beijing and Hong Kong.The hostage crisis in Manila, involving a 21-member Hong Kong tour group, ended on Monday night with eight hostages killed and several others injured. The dismissed Filipino police officer, who hijacked the tour bus, was also killed during the police assault.President Bengigno Aquino has said the Monday's hostage-taking drama was "ghastly" and admitted there were "many failures". Aquino and other officials have promised a full investigation. Interior Secretary Jessie Robredo, who is in charge of the national police, has acknowledged there were problems with how the crisis was handled, including inadequacies in preparation, equipment and training.Residents in Hong Kong expressed outrage at the Philippine government's handling of the day-long bus siege. Echoing calls by the central government in Beijing, Chief Executive Donald Tsang Yam-Kuen and Financial Secretary Henry Tang Ying-yen have demanded Manila "conduct a comprehensive, thorough and impartial investigation".

BEIJING, June 11 (Xinhua) -- Urban fixed assets investment in China for the first five months rose 25.9 percent year on year to 6.74 trillion yuan (986.76 billion U.S. dollars), the National Bureau of Statistics (NBS) announced Friday.The growth rate was 0.2 percentage points down from that for the first four months, according to figures released by the NBS.In the first five months, central government project investment was 540 billion yuan, up 14.1 percent year on year; investment by local governments soared 27 percent to 6.2 trillion yuan.Investment in railways construction and transportation climbed 20.4 percent to 161.1 billion yuan during the same period.The government is reportedly planning to spend 700 billion yuan on high-speed railway construction this year.Total investment in the primary sector (including farming, fishing and forestry) expanded 16.1 percent from a year earlier.The industrial sector saw investment up 22.4 percent and investment in the tertiary sector, which covers commerce, finance and services, was up 28.8 percent.Property market investment grew 38.2 percent to 1.39 trillion yuan in the first five months, 2 percentage points higher than the figure for the first four months, according to NBS data.