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HONG KONG, Aug. 22 (Xinhua) -- China Construction Bank (CCB), the country's second largest bank, said Sunday its net profit in the first half of this year jumped 27 percent to reach 70.78 billion yuan (10.4 billion U.S. dollars) from a year earlier and its non-performing loan (NPL) ratio dropped to 1.22 percent.In a filing to the Hong Kong stock exchange, CCB said its profit before tax amounted to 92.19 billion yuan, up 27.2 percent year on year.RAPID GROWTH IN H1Key contributors to the rapid year-on-year growth of net profit were increased credit supply, service and product innovation, and decreased impairment losses, according to the statement.Regarding credit supply, the bank said its average balance of interest-bearing assets rose by 18.26 percent in the first half, prompting net interest income to surge by 15.33 billion yuan, or 15 percent.On service and product innovation, CCB said net fee and commission income rose by 10.22 billion yuan, or 43.63 percent year on year, as a result of sustained rapid expansion of fee-based business.The Beijing-based lender also said its impairment losses fell by 2.995 billion yuan, or 23.36 percent, due to price rally in foreign currency debt securities with the improving market.CCB President Zhang Jianguo said in the statement that there were signs of recovery in developed economies and robust growth of emerging economies against the backdrop of a gradually warming-up global economy in the first half.China has sustained rapid economic growth, thanks to the government's ongoing stimulation of domestic demand, he said. Foreign trade has gradually improved, while investment and consumption spending have continued to expand at a fast pace, and China's overall financial market performed steadily in the first half.Amid the European sovereign debt crisis and the Chinese government's macro-control policies in the property sector, domestic capital and property markets have undergone noticeable adjustments and are experiencing increasing uncertainties about the future market direction, he said.According to the statement, CCB's net interest income was 117.8 billion yuan, an increase of 15.33 billion, or 14.96 percent year on year.But compared to the same period of 2009, CCB's net interest spread for the first half of this year had dropped by two basis points to 2.32 percent, largely because the yield of interest- bearing assets decreased more than the cost of interest-bearing liabilities, it said.In the first half, CCB's interest income surged by 11.22 billion yuan, or 6.66 percent year on year to 179.65 billion yuan. While the interest expense was 61.85 billion yuan, a year-on-year decrease of 4.12 billion yuan, or 6.24 percent.The bank said its credit asset quality had steadily improved, with non-performing loans standing at 65.17 billion yuan by the end of June this year, a decrease of nearly 7 billion yuan over the end of 2009.

GENEVA, June 14 (Xinhua) -- A senior Chinese official on Monday called for continued international cooperation in tackling unemployment and other social problems caused by the global financial crisis."The international financial crisis is still ongoing, and in particular jobs recovery in many countries lag far behind their economic recovery," said Wang Xiaochu, deputy minister of human resources and social security."As the destiny of countries is interconnected in this world, we need to work together like passengers in the same boat to overcome the impact of the crisis, strive to build a global environment that is more fair and equitable, and achieve as quickly as possible recovery and inclusive growth through decent work," Wang said.The official was addressing a high-level session of the 99th International Labor Conference, which lasts from June 1 to June 18 focusing on global employment issues following the economic crisis.Wang said the Chinese government had adopted a host of measures aimed at promoting a more active employment policy and improving the social security system, as part of the country's efforts to implement the International Labor Organization's Global Jobs Pact.He said those measures had been successful. "By the end of 2009, the most difficult period for employment in China was over. Some 11.02 million new jobs had been created in urban areas in the whole year.""The employment situation for the youth is better than previous years. Businesses cut fewer jobs than before with growing demand for workers, and the total size of the rural migrant workers increased by 4.92 million," he added.

BEIJING, Aug. 1 (Xinhua) - China will deliver humanitarian aid worth 10 million yuan (1.48 million U.S. dollars) to flood-ravaged Pakistan, China's Ministry of Commerce (MOC) announced Sunday.The charitable assistance was offered to help Pakistan' s government fight the flooding and rescue victims, the MOC said in a brief statement posted on its website.The Pakistan government kicked off an emergency rescue and relief operation on July 30 after declaring an emergency in the flood-struck northwestern province of Khyber Pakhtunkhwa (KP).

OTTAWA, June 25 (Xinhua) -- Visiting Chinese President Hu Jintao said on Friday that inter-parliamentary exchanges are an integral part of China-Canada relations and of great significance for enhancing mutual understanding and public endorsement of bilateral links.Hu made the remarks when meeting Noel Kinsella, speaker of the Canadian Senate, and Peter Milliken, speaker of the House of Commons.Over the years, said Hu, the National People's Congress (NPC), China's legislature, has maintained a sound relationship of cooperation and friendly exchanges with both chambers of the Canadian parliament.Chinese President Hu Jintao (C) meets with Canadian Senate Speaker Noel A. Kinsella (L) and Speaker of the House of Commons Peter Milliken in Ottawa June 25, 2010.Exchanges between the legislatures of the two countries have become increasingly vigorous with a mature mechanism and have seen many significant achievements. Such activities have played an important role in advancing bilateral relations, Hu added.The Chinese president expressed the hope that the two sides will continue to make good use of the important platform to further advance exchanges on legislation and regulation so as to promote the friendship between the two peoples and the relationship between the two countries.Over the past four decades, China-Canada relations have always moved forward despite changes in the international situation, and the two countries have conducted frequent contacts at various levels and achieved remarkable results in bilateral cooperation, Hu noted.

BEIJING, June 11 (Xinhua) -- China's Ministry of Agriculture (MOA) asked authorities in the nation's major wheat-planting areas to work to achieve quick summer grain harvests in spite of the difficulties posed by the extreme weather.This year's summer harvest has proven more difficult than usual because the ripening of winter wheat has taken place one week later than normal because of the bitterly cold weather last winter, while the consistently heavy rains that recently struck south China have impeded the harvest efforts, the MOA said.The ministry said local authorities should prioritize the harvest work and complete the harvest as quickly as possible.Reaping machine should be distributed properly in different locations to raise the harvesting efficiency, it added. Also, local departments should update information such as weather, market demands, prices and transportation to ensure a smooth harvest, the ministry noted.China's four major grain production areas have shown cautious optimism toward their 2010 summer grain output. Henan, Shandong and Anhui provinces expect output of wheat to be equal or slightly higher than last year, while Hebei province forecasts slightly reduced output, according to information coming from a high level agriculture meeting held earlier in May in Zhengzhou city, the capital of Henan province.According to the MOA data, China's summer grain output accounts for one quarter of its annual food yield.

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