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BEIJING, June 11 (Xinhua) -- Chinese equities rose slightly Friday after the release of strong May economic data but concerns over policy tightening and other uncertainties left market participants cautious.China's consumer price index (CPI), the main gauge of inflation, increased in May by 3.1 percent from a year ago, the highest rate of increase since November 2008, according to figures released by the National Bureau of Statistics (NBS).The NBS data showed that growth in factory production and investment continued to slow while retail sales, the main gauge of consumer spending, grew 18.7 percent in May year on year from 18.5 percent in April.Affected by slower industrial output growth and higher-than-expected CPI data, the Shanghai Composite Index initially rose but fell in the afternoon to close at 2,569.94 points, up 0.29 percent, or 7.36 points, from the previous close.The Shenzhen Component Index rose 17.11 points, or 0.17 percent, to end at 10,239.33.Total turnover shrank to 152.66 billion yuan (22.35 billion U.S. dollars) from 167.53 billion yuan the previous trading day.Losers outnumbered gainers by 488 to 359 in Shanghai and 572 to 368 in Shenzhen.Analysts believe the slower growth in industrial output was due to recent tightening measures and that the market has turned cautious as the May CPI figure outpaced the 3-percent ceiling the government has set for this year.Lu Ting, China economist at Bank of America-Merrill Lynch, said China's rising inflation may be interpreted negatively by markets.However, according to Yu Yang, an analyst at Galaxy Securities, the CPI is still "under control" and there is little possibility for a rate hike.Analysts also pointed out the decreased turnover volume reflected the fact some investors have taken a wait-and-see attitude ahead of next week's holidays.Chinese markets will be closed from Saturday to Wednesday for the traditional Dragon Boat Festival Holiday.Coal shares led the rise with a 1.8 percent gain as the May producer price index (PPI), a major measure of inflation at the wholesale level, rose 7.1 percent year on year, outpacing the CPI growth.China Shenhua Energy Co., the country's biggest coal producer, climbed 0.78 percent to 23.35 yuan.
ZHOUQU, Gansu, Aug. 16 (Xinhua) -- A new round of rains started to pound the mudslide-flattened Chinese town of Zhouqu Monday night, which has increased the possibilities of new mudslides occurring.The weather bureau in the Gannan Tibetan Autonomous Prefecture in northwest China's Gansu Province, which administers Zhouqu County, issued a rainstorm warning Monday night, warning about the likelihood of new geological disasters.Rains started pounding Zhouqu at around 10 p.m., which, according to Gansu's provincial weather bureau, could last for five days and precipitation in some regions may reach 60 to 80 mm.The massive landslide on August 8 killed 1,254 people as of 4 p.m.Monday, with 490 still missing.Residents are ferried by a boat in landslide-hit Zhouqu County, Gannan Tibetan Autonomous Prefecture in northwest China's Gansu Province, Aug. 16, 2010. Large-scaled ponding area still remained in the county although the flood has subsidised. Meanwhile, rescue headquarters in Zhouqu has started implementing a disaster prevention contingency plan, which was drawn up on August 11.The plan asks rescue teams and residents alike to move out of mudslide-prone areas if heavy rainfalls pelt the region.According to the plan, tents built in these areas should be removed immediately. Also, cars are not allowed to park in these areas.
BEIJING, Aug. 7 (Xinhua) -- The All-China Journalists Association (ACJA) voiced its support on Saturday for journalists' rights of supervision after a reporter was beaten when attempting to interview a stand-up comedian."It is imperative to safeguard journalists' legitimate rights to interview and stop any misconduct that interferes with journalists' legitimate interviews," read a brief announcement posted on the ACJA's website."To have supervision in accordance with the law is the legitimate rights of news organizations," it added.The move came after Zhou Wenfu, a Beijing Television (BTV) reporter, was repeatedly punched Sunday when attempting to interview Guo Degang, China's most famous stand-up comedian at his villa, according to clips of the beating that have been widely circulated on the Internet and broadcast on BTV.Zhou was trying to verify reports that Guo had illegally extended his property onto the public green space.
LHASA, July 4 (Xinhua) -- Reincarnation of the 5th Living Buddha Dezhub was selected following a lot-drawing ceremony held early Sunday morning in Lhasa, capital city of Tibet Autonomous Region in southwest China.A candidate with the secular name Losang Doje was selected as the reincarnation in accordance with a regulation on reincarnation of living Buddha of Tibetan Buddhism, issued by the State Administration for Religious Affairs, and historical conventions and religious rituals.The ceremony was held in the Jokhang Temple in Lhasa.Losang Doje would become the sixth Living Buddha Dezhub after the approval of the People's Government of the Tibet Autonomous Region.
BEIJING, Aug 18 (Xinhua) - Wang Zuoan, head of China's State Administration for Religious Affairs, said here Wednesday religious personnel should not seek fame and fortune.Wang is the first government official comment on a reported scandal by a popular Taoist priest.Li Yi, the priest, renowned for his reported 30,000 followers, has been found by local authorities to have fabricated several miracles he claimed to have enacted, including holding his breath underwater for two hours non-stop.The priest oversees the Shaolong Taoist Temple in southwest China's Chongqing Municipality, where expensive health and meditation programs are offered.Wang said no one could become religious leaders with only the help of media puffery, celebrity endorsements and big money, and warned religious personnel to not believe in the fairy tale of overnight fame.Instead, religious personnel should have a detached and tranquil mind, acquire merits and virtues through study and religious practice, and win respect with knowledge, integrity and character, he said.He also called on government departments of religious affairs across the country to constantly enhance the education and cultivation of religious personnel and adopt effective measures to prevent the moral degradation of them.