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BEIJING, June 13 (Xinhua) -- Experts from the Chinese mainland and Taiwan Sunday started their third round of talks in Beijing to pave the way for a long-awaited pact to boost cross-Strait economic ties.During the talks, the two sides will discuss the main content of the Economic Cooperation Framework Agreement (ECFA), and goods and services trade in the "early harvest program."The ECFA is intended to normalize mainland-Taiwan economic ties and bring the two economies closer.The first round of talks took place in January in Beijing, and the second two months later in Taipei.Fan Liqing, spokeswoman of the State Council's Taiwan Affairs Office, told a press conference Saturday that negotiations had made pronounced progress and were approaching completion.Yang Yi, another spokesman of the same organization, was reported as saying in March that the two sides should work together to complete the pact in June.Chiang Pin-kung, chairman of Taiwan's Straits Exchange Foundation (SEF), said on April 2 the SEF also hoped to see the signing of the ECFA by the end of June.
BEIJING, June 11 (Xinhua) -- Chinese police have launched crackdowns all over China to curb online soccer gambling as the 2010 World Cup kicks off in South Africa.More than 100 people have been detained for participating in online soccer gambling with more than 10 billion yuan (1.47 billion U.S. dollars) in funds involved in one case in Yuyao City, east China's Zhejiang Province, said Dong Xiaowei, deputy chief of the provincial public security bureau.More than 70 gambling groups have been cracked for online soccer gambling this year with more than 300 arrested, he said.Similar cases have been uncovered in Beijing, Chongqing, Shaanxi, Fujian and Shandong.There are about 2,000 Chinese and offshore websites for soccer gambling in China, and the membership of some websites amounts to one million, according to Public Security Ministry data.Gambling is prohibited on the Chinese mainland by law.

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.
BEIJING, June 26 (Xinhua) -- China's floating population of migrant workers reached a record 211 million in 2009 and will hit 350 million by 2050 if government policies remain unchanged, warned a report released on Saturday.However the report, entitled "The 2010 Report on the Development of China's Floating Population," said the figure would increase at a slower rate as the number of new workers joining the migrant population falls each year to reach 3 million by 2050, down from the current 6 million people joining the migrant work force each year.Although the number of long-distance migrants decreased in 2009 as a result of a weakened demand for labor caused by the financial crisis, the long-term overall tendency of people moving to eastern coastal areas and key traffic hubs would not change, said the report.According to the report, more families moved to other places and chose to settle their homes there, causing more pressure on the government to reform its management and service policies for the migrant population in order to ensure their livelihood.The report was based on a survey by the National Population and Family Planning Commission.
BEIJING, June 29 (Xinhua) -- The number of criminal explosion cases as well as gun crimes in China dropped by 13.4 and 33.1 percent year on year, respectively, in the first five months of 2010, Ministry of Public Security said in a statement Monday.The statement, however, did not provide exact numbers.Police nationwide seized over 351 tonnes of explosives, 1.7 million detonators, 15,000 guns, 1.84 million bullets, 300,000 imitation guns and 170,000 illegal knives since the launching of a national crackdown on illegal explosive and guns, the statement said.The widespread publicity about the police crackdown apparently paid off with 3,099 tips received from the public which led to the solving of 1,538 cases and the arrest of 2,065 suspects, said the statement.Those who provided information to police were rewarded with 960,000 yuan (about 141,000 U.S. dollars) in total, it said.
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