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BEIJING, Feb. 18 (Xinhua) -- A report by the Ministry of Industry and Information Technology said the overall situation of China's iron and steel industry will be better than last year, thanks to the steady momentum of economic recovery.The report said four factors will have positive impact on the iron and steel industry: increased government investment, a clear recovery of global economy, ample money supply in the market and a series of upcoming government policies aimed at promoting healthy development of the iron and steel industry.However, the ministry held that the foundation of the current economic recovery still needs to be consolidated and external demand still falls short, creating fairly big difficulties for the operation of the iron and steel industry.The report said in 2010 iron and steel companies must be prepared to face the challenges of over supply, sluggish international market and rising production cost.In 2009, China's 68 large and medium sized iron and steel companies made 55.39 billion yuan (8.12 billion U.S. dollars) in profit, down 31.43 percent year on year.

LOS ANGELES, March 9 (Xinhua) -- A China automaker has made headlines in California as it is considering locating its U.S. office and assembly line in the state, local media reported on Tuesday.The office and assembly line are expected to create high-paying jobs in a state hard-hit by the recent recession.The Chinese automaker BYD, or Build Your Dreams, may really build a dream in California after it has teamed up with German automaking giant Daimler-Benz to manufacture an A-class electric vehicle.China's BYD F6DM, powered by electric motors and gasoline engine, is displayed at the North American International Auto Show (NAIAS), in Detroit, the United States, JaN. 11, 2009.As one of the world's largest rechargeable battery and consumer electronics makers, BYD entered the U.S. market this year with its electric car model BYD e6 through the North American International Auto Show in Detroit.The first batch of such cars is to hit markets in Europe, the United States and China as early as next year.Morale-boosted by the BYD intention, local authorities from both the Los Angeles County and Los Angeles City reportedly met BYD executives to woo the firm to locate its office and assembly line on their premises.Several other places including Long Beach and Lancaster have also joined the race to attract the attention of China's fourth biggest carmaker."It would be a tremendous boost to our economy and economic growth and prosperity," said Tony Bell, spokesman for Los Angeles County Supervisor Michael Antonovich.As the largest auto market in the United States, California has recently seen a mushrooming of so-called "green tech" firms involved in the research and production of electric and other alternative energy vehicles.BYD is expected to produce better versions of electric cars by adding its long-life rechargeable battery to Benz chassis and transmission.The e6's, an all-electric crossover car, already are claimed to reach a range of 400 kilometers per charge.Though local pundits claim that California is the right place for BYD to locate its U.S. office and assembly line, BYD executives remained silent on the issue.Local authorities have made wooing BYD to open business in California their top priority, hoping the addition of the Chinese electric car maker would help create in California a new and greener Detroit.

BEIJING, Feb. 19 (Xinhua) -- Railway and highway stations and airports across China have seen increasing passenger flow since Thursday as millions of Chinese are returning to work or study when the week-long Spring Festival holiday draws to an end, transport authorities said Friday.The four railway stations in Beijing, one of the popular destinations for job hunters, received 150,000 passengers Thursday and the number is expected to sharply increase Friday, the last day of the seven-day Chinese Lunar New Year holiday, Beijing Railways Bureau said in a press release.Most of the passengers are tourists, migrant workers and students whose travel time was less than ten hours.Long-distance travelers are expected to arrive Friday, bringing pressure on downtown traffic, according to the bureau.People queue up to buy tickets at a railway station in Shenyang, capital of northeast China's Liaoning Province, on Feb. 18, 2010. Coach and railway terminals in major Chinese cities are bracing for a fresh travel rush, as millions of festival travelers set foot on return trips to city work after the week-long Spring Festival holidayThe authorities of Beijing Railway Station and Beijing West Railway Station arranged 18 pairs of additional trains to cope with the travel peak, it said.Public transport authority of Beijing has mobilized more buses to ensure passengers can leave railway stations as quickly as possible. People queue up to buy tickets at a railway station in Shenyang, capital of northeast China's Liaoning Province, on Feb. 18, 2010. Coach and railway terminals in major Chinese cities are bracing for a fresh travel rush, as millions of festival travelers set foot on return trips to city work after the week-long Spring Festival holidayThe ticket hall of Shijiazhuang Railway Station in the capital of Hebei Province that neighbors Beijing was crammed by anxious passengers Friday, when more than 52,000 people are expected to travel by train.Wang Aishu, waiting for getting onboard a train, was at ease holding a ticket he bought six days ago."I knew there will be a travel peak so I bought a ticket as soon as I arrived at the station on the eve of the Spring Festival," said Wang, who was heading for Dongguan City in Guangguang Province to work.The station mobilized 60 officers to help passengers and maintain order.Trains carried away 373,400 people from Hubei Province in central China Thursday, up 20.5 percent as against the same day last year. The volume is expected to rise Friday and Saturday, according to the Railways Bureau of Wuhan, the provincial capital.The railway station of Hefei, capital of Anhui Province in east China, has sent off about 30,000 passengers every day since Thursday to the major destinations of Beijing, Guangzhou, capital of Guangdong Province, and some other big cities.The station set up 50 ticket booths, including 20 additional ones, to meet the booming demand for departure.The railway station of Nanning, capital of Guangxi Zhuang Autonomous Region in south China, will see 34,000 passengers leaving for other regions Friday, up 17 percent as against that of Thursday.However, a passenger surnamed Huang failed to get a ticket to his workplace of Hangzhou in Zhejiang Province."Tickets are sold out, only those for training leaving after Feb. 25 are available," said Huang, carrying heavy luggage.The country's railways served about 5.44 million passengers nationwide on Thursday, an increase of 12.5 percent over the same day last year, according to the Ministry of Railways (MOR) Friday.The ministry said the number of long-distance travelers increased markedly as more people decided to make an earlier return trip to avoid the traffic boom, and the volume is expected to peak on Friday and Saturday.About 210 million passengers will travel during the 40-day rush period beginning January 30, a 9.5 percent rise compared with a year earlier, MOR had estimated.During the holiday period, 1,972.5 pairs of passenger trains were put into use every day on average, an increase of 156 pairs compared with the same period last year.The trains served with an average daily transport capacity of 5.57 million people, an increase of 430,000 people compared with the same period last year, according to the ministry.In Shandong Province, volume of coach passengers also kept increasing in the past few days.More than 90,000 people are expected to take coach Friday to leave Jinan, the provincial capital, said Zhu Mi, media officer with the city's long-distance coach station.The station is able to handle a maximum volume of 100,000 passengers a day, he said."I left home at 6 a.m. to catch the bus, but every coach has been fully loaded," said a migrant worker who planned to seek job in Guangzhou.Shenzhen, a popular workplace for migrant workers in Guangdong, has seen an increasing number of air passengers over the past several days. More than 45,000 passengers arrived in the city on Thursday and 47,000 others are coming, the airport authority said.The Lunar New Year fell on Feb. 14 this year and is an important traditional festival of family reunions.

BEIJING, Feb. 18 (Xinhua) -- China's operational high-speed railways have exceeded 3,300 kilometers, leading the world in both length and technologies, the Ministry of Railways said on its official website Thursday.Last year China finished two high-speed railways between Wuhan-Guangzhou and Zhengzhou-Xi'an, with an operating speed of 350 km/h. Before that, China had built high-speed railways between some of its major cities, including Beijing-Tianjin, Shijiazhuang-Taiyuan, Qingdao-Jinan, Hefei-Wuhan and Hefei-Nanjing.A number of new high-speed railways are being built and will be finished in the coming few years, of which the Beijing-Shanghai line has a length of 1,318 km and a designed travel speed of 350 km/h. Construction of the line started in April 2008 and would finish in around five years. It would cut travel times between the two cities to only five hours from about 12 hours.High-speed trains wait for departure at Guangzhou south railway station in Guangzhou, capital of south China's Guangdong Province, on Jan. 30, 2010. The Asia's biggest railway station came into use on Saturday, the first day of Chinese spring festival transport rush of 2010.China's railway links had expanded to 86,000 kilometers by the end of 2009, the world's second longest only after the United States.Railway passengers topped a record 1.53 billion last year. Cargo transportation hit 3.32 billion tonnes, according to the ministry.Railway investment surged 80 percent to 600 billion yuan in 2009 boosted by the 4-trillion yuan stimulus package. The government has planned a record 823.5 billion yuan for 2010 to extend the network to 90,000 kilometers by the end of this year.

BEIJING, Feb. 1 (Xinhua) -- China said on Monday protectionism of the United States has "seriously affected" their trade ties and urged it to stop abusing trade remedy measures.The Ministry of Commerce spokesman Yao Jian made the comments on the ministry's website in response to recent U.S. decisions to impose anti-dumping duties on electric blankets and wire trays from China and an anti-dumping and anti-subsidy probe into Chinese steel drill pipes."Since the outbreak of the financial crisis, the U.S. trade protectionism has been apparently on the rise, and China has become the biggest victim of U.S. abuse of trade relief measures", said Yao.Yao said a recent accusation by a senior U.S. commerce official that China has set barriers against foreign investment was "totally contrary to the facts."China is the third largest export market of the U.S., and has been the fastest growing one for years. U.S. exports to China reached 77.4 billion U.S. dollars in 2009, driving down the U.S.-China trade deficit by 16 percent, he said."Absorbing foreign investment is part of China's basic state policy of opening-up," said Yao. "China has always been making efforts to provide a more open and more optimized investment environment for domestic and foreign investors.""Some countries themselves resort to trade protectionism, but turn around and accuse others. This is not only unreasonable but also not good for its own economic recovery," he said.

来源：资阳报