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BEIJING, June 1 (Xinhua) -- China's central bank will push forward yuan settlement in cross-border trade and investment in the western Xinjiang Uygur Autonomous Region, Zhou Xiaochuan, governor of the People's Bank of China (PBOC), said Tuesday.Zhou said it was one of PBOC's important moves amid the central government's efforts to achieve leapfrog development and lasting stability in Xinjiang. However, he did not elaborate on the plan nor give a timetable.He said the PBOC would also support the development of small and medium-sized enterprises in Xinjiang.Chinese exporters and importers in five cities -- Shanghai, Guangzhou, Shenzhen, Zhuhai and Dongguan -- are already allowed to settle cross-border trade deals in yuan.A PBOC report said last month that the country needs to expand yuan cross-border settlement when conditions allow.

TIANJIN, May 13 (Xinhua) -- Chinese Premier Wen Jiabao Thursday called for deeper cooperation between China and Arab states to create a peaceful international environment for development, fight the financial crisis, safeguard energy security and tackle climate change.Wen made the remarks at the opening ceremony of the fourth Ministerial Meeting of the China-Arab Cooperation Forum held in the north Chinese port city of Tianjin.During the two-day forum, the two sides will discuss upgrading their relationship to a strategic level and release an action plan for a cooperation blueprint in the next two years.COMPLICATIONS OF FINANCIAL CRISIS Chinese Premier Wen Jiabao addresses the opening ceremony of the fourth Ministerial Conference of the China-Arab Cooperation Forum in China's northern port city of Tianjin, on May 13, 2010. Wen warned the complication of the global financial crisis with deepening sovereign debt crisis in some nations."We should never underestimate the seriousness and complication of the financial crisis and its deep impact on international politics and the economy," Wen said.The global economy was slowly recovering, but its foundation was not solid, he said.Wen blamed the fragile recovery on deepening sovereign debt crises in some countries, high unemployment rates in major economies, high commodities prices and rising trade protectionism.The international governing system faced deep reforms and the global economic structure was undergoing deep transformation, he said.Wen said reforms of international economic and financial systems should be pushed forward and the establishment of a new just and reasonable international economic and financial order should be accelerated."(We) should improve the decision-making processes and mechanisms at international financial institutions and boost cooperation in international financial supervision," he said.While calling for opposition to all forms of protectionism, support for free trade, Wen said, "It is imperative to advance the Doha Round talks of the World Trade Organization toward achieving reasonable and balanced results as soon as possible."He urged major economies to transform the economic growth pattern of low savings and high consumption and to strengthen financial supervision to curb excessive speculation.China would unswervingly carry out its mutually beneficial opening strategy and unveil more measures to facilitate trade and investment, he said.COOPERATION IN ENERGY, CLIMATEWen said energy exporters and importers should step up dialogue and contacts and carry out cooperation in energy development.Investment in the energy sector should be encouraged to maintain a basic balance in energy supply and demand and reasonable global energy prices, he said.The international community should work to maintain stability in energy producing countries and curb excessive speculation to maintain order in the international energy markets, he said.Talking about economic and trade with the Arab states, Wen said China was ready to stabilize trade in oil and natural gas with the 22 Arab League nations, while expanding imports of non-oil products.He said, "China at the same time will increase exports of high value-added machinery and electronic products and high-tech products to the Arab countries."Trade between China and Arab states surged to 107.4 billion U.S. dollars last year from 36.4 billion U.S. dollars in 2004.China would continue to encourage businesses to invest in Arab states and welcome investment from Arab states, he said.China was ready to promote cooperation in infrastructure, including power, railways and roads, and to deepen cooperation in oil and gas projects, he said.Efforts should be made to vigorously develop energy-saving technologies and clean and renewable energies to help tackle global climate change.China would reduce emissions of carbon dioxide per unit of gross domestic product by 40 to 45 percent from 2005 levels by 2020.Wen said China and Arab states should increase exchanges by senior officials and consultations on strategic issues, and boost coordination in major international and regional affairs.Wen urged developed countries to shoulder the main responsibility in helping developing nations to maintain financial stability and economic growth to reduce the imbalance of development, the fundamental imbalance of the world economy.China would as always provide aid without conditions to developing countries, he said.China and Arab countries have relations dating back to the Silk Road about 2,000 years ago. China has diplomatic ties with all 22 members of the Arab League.The forum was initiated in January 2004, when Chinese President Hu Jintao visited the Arab League headquarters in Cairo. It has since served as a platform for exchanging views between China and Arab nations and for enhancing mutually beneficial cooperation.

CHONGQING, May 19 (Xinhua) -- Four miners are missing after a coal mine collapsed in southwest China's Chongqing Municipality Wednesday, local authorities said.Five miners were working underground when the coal bed at the Xiaowan Coal Mine collapsed at around 1 p.m. Wednesday in Zhonggang Town, Wuxi County.One miner was lifted to the ground unhurt.Rescuers are searching for the missing miners.

BEIJING, April 4 (Xinhua) -- With China's traditional holiday for honoring the dead falling on Monday, throngs of people jostle along the 2-km road in Liudaokou village, Tianjin Municipality, where more than 100 wholesale funeral supply shops compete for business."This urn is 170 yuan (24.9 U.S. dollars) wholesale, 1,000 yuan retail here. A retailer can sell it for 5,000 yuan in the city," says saleswoman Li Na, pointing at a plain red wood urn inscribed with two Chinese characters "bai fu", or a hundred blessings."It's easy money," says Li. "Take urns for example, no one wants to bargain for a container of his father, mother or whoever's ashes."In a country where about 10 million people die every year, the funeral industry market is worth tens of billions yuan, says Hao Maishou, a researcher with Tianjin Academy of Social Sciences.However, a lack of market standards and management is allowing unscrupulous business people to monopolize areas of the industry and exploit people's grief, Hao adds.URN PRICESIn another shop, tags claim that the urns, priced from 200 to 600 yuan, are made of rare and precious ebony or redwood, a claim that invites questions.Li says, "Of course they are not made of ebony or redwood, or they would not be so inexpensive, but if the urns were finely made and tagged with high prices, customers wouldn't doubt it."Wang Na, owner of Lingzhitang funeral supply shop, teaches a novice retailer to sell a 200-yuan urn for 5,000 yuan. "Say it's ebony, rosewood, redwood or whatever precious material and quote high. Customers like premium urns. They won't buy cheap ones."Elaborate funeral remains a traditional culture of the Chinese, as nobody wants to be regarded as stingy or unfilial on funeral issues, especially for deceased family members, says a Tianjin businessman involved in funeral service, who only identifies himself as Liu."As long as you understand and utilize such a feeling, you are guaranteed to make a pile," Liu says.At an urban Tianjin funeral home, a government-run facility that provides cremation and funeral services, an "ebony" urn bearing the traditional painting, Riverside Scene on Tomb-sweeping Day, sells for 12,800 yuan while the same urn costs only 1,100 yuan in Liudaokou.A plain-looking urn inscribed "Always remembered" in Chinese characters is priced at 10,000 yuan. Urns of the same inscription, materials and shape sell for 180 yuan in Liudaokou.

BEIJING, April 3 (Xinhua) -- China's Purchasing Managers' Index (PMI) of the non-manufacturing sector rose to 58.4 percent in March, a rebound of12 percentage points from February, when the index fell below the boom-bust line of 50 percent for the first time since a year earlier, an industrial association said Saturday.The PMI, designed to provide a real-time snapshot of business conditions, includes a package of indices including new orders, inventory levels, production and others that measure economic performance. A reading of above 50 percent suggests expansion, while one below 50 percent indicates contraction.The rise of the index indicated robust market activities in service sectors, which combined with an optimistic outlook that would encourage private investment and promote healthy and coordinated development of national economy, said the China Federation of Logistics and Purchasing (CFLP) vice president Cai Jin.According to the CFLP survey, the new order sub-index for China's non-manufacturing sector climbed to 54.6 percent last month, up 8.4 percentage points than February. The outlook sub-index was 70.4 percent, up 2.4 percentage points.The CFLP survey covers 20 non-manufacturing industries, including logistics, wholesale, hospitality, supermarkets and construction.The PMI for manufacturing sectors rose to 55.1 percent in March, the 13th straight month that the index was above 50 percent.