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HANGZHOU, Sept. 24 (Xinhua) -- He Hongwei, a college graduate living in central eastern China's Zhejiang Province, five years ago fussed over landing a decent job amid red-hot competition in the world' s most crowded job market.He then began selling novelty toys on the Internet. Five years on, he has grown into a billionaire and today is busy seeking employees to work in his own factory."I never thought I would make my fortune on the Internet, starting from scratch," the 35-year-old He said.Several years ago, e-shopping was only a "shelter" for many young Chinese who turned to the Internet marketplace to make their living after failing to find decent jobs offline. Most of them earned only paper-thin profits, as e-commerce in China then was still in its infancy.He's story, however, reflected a trend that e-business in China was no longer merely a way of survival, but has become an incubator for the newly-rich who had not expected they could make their fortunes online.According to a report released by Alibaba.com earlier this month, China's largest Nasdaq-listed e-commerce company, some 77 million Chinese individuals and businesses have opened E-shops as of the end of this June.Further, the number of e-shoppers has reached 142 million, or one-third of the nation's total online population.Retail sales at e-shops more than tripled between 2007 and 2009, much faster than the 18 percent growth of retail sales in general during the same period. In the first half of this year, retail sales of e-businesses more than doubled to 211.8 billion yuan (31.6 billion U.S. dollars).Booming sales helped entrepreneurs with e-business start-ups live decent lives, as more than 1 million e-shops at Taobao.com, China's largest online marketplace, earn profits of at least 2,000 yuan a month.As their businesses grow larger, more shops reported profits of over 10 million yuan a year. Sheng Zhenzhong, senior analyst with the research center of Taobao.com, declined to disclose how many such shops were listed on Taobao, but said the number is steadily rising.INTEGRITYAs an old Chinese saying goes, free traders are not bad, which means businessmen should cheat to stay competitive.The old tenet used to work in the early 1980s' when the market economy was initially practiced in China and many businessmen profited from selling shoddy goods.But that could hardly be the case in today's online market, as integrity has become the most important traits for the Internet's commercial success in China.Shi Hongwei is a wholesaler of stockings at Taobao.com. He sells more than 2,000 pairs of socks everyday. For Shi, a young e-shop owner, this is quite a big deal. But, what he cares about most is the rating feedback from his customers.

BEIJING, Aug. 29 (Xinhua) -- China National Chemical Engineering Co., Ltd. (CNCEC), one of the country's leading engineering, procurement and construction firms, said its net profit for the first six months of 2010 grew by 58.61 percent.Net profits totaled 653 million yuan (96 million U.S. dollars) while earnings per share stood at 0.13 yuan, up 20.37 percent from one year earlier, the company said in a statement filed with the Shanghai Stock Exchange late Sunday.CNCEC said its revenues during the first half of this year were valued at 14.57 billion yuan, among which project construction contracts accounted for 13.03 billion yuan, up 15.97 percent from one year earlier.The Beijing-based company has also made progress in overseas markets where revenues increased by 63.53 percent to nearly three billion yuan, while domestic revenues grew by 8.54 percent to 11.5 billion yuan, according to the statement.CNCEC attributed its strong performance to collective material purchasing, improved outsourcing and investment management, continuously reduced project costs and an effective human resources incentive mechanism.

MOSCOW, Oct. 5 (Xinhua) -- Chinese State Councilor and Public Security Minister Meng Jianzhu exchanged views on security and law enforcement cooperation with his Russian counterpart Nikolai Patrushev Monday night, during a high-level international security conference in Russia's Sochi.Meng highly commended successful bilateral cooperation in fighting terrorism, transborder crime and drug trafficking.Meng said as an important part of the Sino-Russian strategic partnership of cooperation, the security coordination of the two countries have gained new, vital improvement, but still needs to be further strengthened."Given the emerging global threats to security and amid increasingly open menaces coming from nontraditional crimes, efforts to strengthen Chinese-Russian cooperation in maintaining law and order, and enhancing security is becoming more and more important," Meng said.He proposed that Russia and China continue deepening coordination and interaction, and duly implement their government's plans to fight terrorism, extremism and separatism.The mechanism of cooperation already created must be fully used and the level of Chinese-Russian cooperation in maintaining law, order and security must be incessantly raised, he said."While combating illicit migration, the two countries must create an even better environment for exchanges between citizens, and encourage Chinese-Russian trade, and economic and investment cooperation in every possible way," Meng stressed.He noted that joint efforts to maintain security are important within the framework of the Shanghai Cooperation Organization.Patrushev expressed his agreement with Meng's proposal and suggestion on bilateral security cooperation.He said Russia is willing to work together with China in security sphere, to deepen coordination and interaction both bilaterally and multilaterally, so as to face together the new challenges and menaces.Meng has attend the meeting on Oct. 5-6 in the Russian Black Sea resort of Sochi.

BEIJING, Sept.14 (Xinhua) -- A delegation of the Communist Party of China (CPC) left here Tuesday to attend the 8th Congress of Ethiopian People's Revolutionary Democratic Front (EPRDF).The delegation, led by Zhang Xuan, an alternate member of CPC central committee and deputy secretary of CPC's Chongqing Municipal Committee, was invited by EPRDF, the Democratic Progressive Party of Malawi and the African National Congress of South Africa.The delegation will pay good-will visits to Malawi and South Africa after the Congress.

WASHINGTON, Sept. 3 (Xinhua) -- Senior Chinese and U.S. diplomats have agreed to work together to advance the stalled six-party talks on denuclearization of the Korean Peninsula.Wu Dawei, China's special representative for Korean Peninsula affairs, held separate meetings during a visit here between Aug. 31 and Sept. 3 with U.S. Deputy Secretary of State James Steinberg, special envoy for the Democratic People's Republic of Korea (DPRK) Stephen Bosworth, Assistant Secretary of State Kurt Campbell and the White House chief adviser on Asia Jeff Bader.Both sides agreed to play a constructive role in maintaining peace and stability on the Korean Peninsula.China and the U.S. also believed the six-party talks was an effective tool to maintain peace and stability within the peninsula, as well as to denuclearize the region.The two countries want to work with other related parties to create conditions to push the talks forward. In addition to China, the U.S., DPRK and South Korea, other parties to the talks include Japan and Russia.