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BEIJING, May 7 (Xinhua) -- China initiated a level-four emergency response on Friday to cope with the chaos caused by storms sweeping its southern provinces.Heavy rain has poured down in south China since Wednesday, including provinces of Guangdong, Sichuan and Guizhou, causing floods, mountain torrents and mud flows, said the Office of State Flood Control and Drought Relief Headquarters in a statement on its website.As of Friday, the storms had affected up to 2.55 million people and 100,000 hectares of arable land, leaving 65 people dead, 14 missing.  Villagers receive relief materials in Tianxin Village, Egong Town of Dingnan County in east China's Jiangxi Province, May 7, 2010. Seven people were dead and five were missing after floods and landslides wreaked havoc in Jiangxi over the past two daysThe office has ordered local authorities to closely monitor the development of the rainstorms, prevent weather-triggered disasters like floods and landslides and provide early warnings.The office has also dispatched working teams to storm-hit regions to enhance storm-relief work, it said.

BEIJING, April 6 (Xinhua) -- China will introduce resource tax at a "proper" time to promote energy saving and environmental protection, the Ministry of Finance said Tuesday in a statement on its Website.The statement provide little details about the move which is part of the ministry's tasks for 2010 listed in the lengthy statement.The government would stick to the proactive fiscal policy this year, the statement said, adding the ministry would expand investment in agriculture, education, science, medical care, social security, affordable housing, energy conservation and emission reduction.The ministry said it would improve the property tax system, without details. It would also step up efforts to revamp income distribution, aiming at narrowing the yawning wealth gap.

BEIJING, May 24 (Xinhua) -- Chinese equities rallied for the second consecutive trading day on Monday, and most stocks rose led by property shares as concerns over tougher measures on the property market eased.The benchmark Shanghai Composite Index rose 3.48 percent to close at 2,673.42 points.The Shenzhen Component Index gained 4.03 percent to 10,620.13 at the close.Total turnover climbed to 222.12 billion yuan (32.53 billion U.S. dollars) from 156.19 billion yuan on the previous trading day.Gainers outnumbered losers by 884 to 1 in Shanghai and by 944 to 2 in Shenzhen.Property shares staged strong growth after the China Times newspaper reported that an official from the country's top economic planning body said that the the government would not impose a property tax within the next three years.China Vanke Co., the country's largest listed property developer by market value rose 4.19 percent to 7.70 yuan. Gemdale Corporation grew 6.94 percent to 7.09 yuan.Xinjiang-related shares continued to gain from the government plans to boost regional economic development unveiled last Wednesday.Xinjiang Beixin Road and Bridge Construction Co. rose by the daily limit of 10 percent to end at 26.66 yuan. Xinjiang Urban Construction (Group) Co. closed at 14.00 yuan, an increase of daily limit.

SEOUL, May 26 (Xinhua) -- Chinese Premier Wen Jiabao's visit here, starting Friday, will strongly boost the friendly cooperative relationship between China and South Korea, Chinese ambassador Zhang Xinsen told Xinhua in a recent interview.Zhang said Wen's second official trip to South Korea after previously visiting in April 2007 would allow him to exchange views with South Korean leaders on further deepening the strategic cooperative partnership between the two countries. He would also have extensive contacts with various sectors here, which would surely boost the bilateral ties and bear richer fruit in the future.The ambassador said, as good neighbors, China and South Korea had made joint efforts to achieve rapid and all-round development of the bilateral ties since the two countries established diplomatic relations in 1992. In 2008, Chinese President Hu Jintao and his South Korean counterpart Lee Myung-bak successfully exchanged visits and upgraded relations between the two sides to a strategic cooperative partnership. Since then, the exchanges and cooperation between the two countries' various fields have been further deepened.Multi-level communication channels, covering government agencies, parliaments, academic sectors and media, had been established, and high-level exchanges between the two sides also remained frequent, the ambassador said.The two sides also maintained good communication and coordination on issues such as trilateral cooperation among China, Japan and South Korea, integration of East Asia and global climate change under various bilateral and multilateral frameworks, and reached consensus on further strengthening the strategic cooperative partnership, maintaining peace and stability in the region and expanding cooperation in international affairs, he said.In the economic and trade field, two-way cooperation had been broadened and enhanced, Zhang said, noting that China was the largest trade partner, export destination country and import market for South Korea, while the latter was the third biggest trade partner for China. The two countries also worked closely when the world was hit by the global financial crisis, Zhang said, citing the bilateral currency swap accord involving some 28 billion U.S. dollars, in an effort to safeguard regional and global financial stability.Meanwhile, the active people-related exchanges also contributed to deepening mutual understanding and friendship between the two peoples, the ambassador said. This year, during which China is hosting World Expo 2010 in Shanghai, and 2012, in which a similar event will be hosted in South Korea's southern city of Yeosu, were designated as Visit China Year and Visit Korea Year, respectively. More than one million South Koreans are expected to travel to China to visit the Shanghai Expo, and the South Korean Pavilion has become one of the most popular pavilions, Zhang said.China and South Korea, both important countries in Asia and in a crucial stage of development, had a broad prospect of cooperation, the ambassador said.Since uncertainties remained in the global economy, both China and South Korea were adopting effective measures to oppose trade and investment protectionism, accelerate the process of establishing a free trade area between the two countries, and enhance cooperation in finance, green growth and other major fields, he said.Morever, the two counties should continue to play positive roles in trilateral cooperation among China, Japan and South Korea, and multilateral collaboration under the framework of the Association of Southeast Asian Nations (ASEAN) plus three, and should also actively take part in building new structure and new order of the regional and global economy and finance.Zhang said he believed that, thanks to joint efforts by the two countries in further deepening mutual trust, enhancing friendship and strengthening cooperation, the strategic cooperative partnership between the two sides would surely achieve greater development.

BEIJING, April 13 (Xinhua) -- China's top economic planner said late Tuesday it would raise prices of gasoline and diesel both by 320 yuan (46.88 U.S. dollars) per tonne from April 14.This comes as the first such move in nearly five months since it raised gasoline and diesel prices both by 480 yuan per tonne in November 2009.The benchmark price of gasoline will be 7420 yuan per tonne and diesel 6680 yuan per tonne, according to the National Development and Reform Commission (NDRC).The price rises translate into mark-ups of 0.24 yuan and 0.27 yuan per liter, the measurement used at service stations in China. Photo taken in the wee hours on April 14, 2010 shows the price board at a gas station in Shenyang, northeast China's Liaoning Province. The National Development and Reform Commission (NDRC), China's top economic planner, said late Tuesday it would raise prices of gasoline and diesel both by 320 yuan (46.88 U.S. dollars) per tonne from April 14.China adopted a new oil pricing mechanism at the start of 2009 that allows the NDRC to adjust retail fuel prices when the international crude oil price changes more than four percent over 22 straight work days.International crude oil prices had kept rising since mid-February, and the 22-day moving average of global crude oil prices had gone above four percent, said Cao Changqing, head of the NDRC's pricing department.The decision was also made based on domestic economic conditions and oil consumers' ability to shoulder price rises, he said.After the price change, the government would continue to grant subsidies to farmers and the sectors of fishing, forestry, public transportation. Taxi drivers would also get a temporary subsidy.

来源：资阳报