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BEIJING, Aug.6 (Xinhua)-- China's Ministry of Finance announced Friday it will float a batch of 273-day book-entry treasury bonds worth 10 billion yuan (1.48 billion U.S. dollars) next week.A statement on the ministry's website said the bonds will be sold at 98.62 yuan per bill, with an annual yield of 1.88 percent.The bill will be sold to the public from Aug. 9 to 11, and become tradable in the exchange markets since Aug. 13, according to the statement.The interest is to be calculated on August 9.This is the 10th batch of its kind launched by the ministry this year.
ZHOUQU, Gansu, Aug. 10 (Xinhua) -- The death toll from a massive rain-triggered mudslide in Zhouqu County in northwest China's Gansu Province has risen to 702, with 1,042 others still missing, local civil affairs authorities said Tuesday afternoon.Some 1,243 people have been rescued, Tian Baozhong, head of the provincial civil affairs department, told a news conference.Of them, 58 who were seriously injured had been hospitalized, Ma Chengyang, deputy director of the provincial publicity department, told another press briefing Tuesday night.Torrential rain on Saturday night prompted an avalanche of sludge and debris to crash down on the county seat of Zhouqu early Sunday morning, ripping many houses off their foundations and tearing multi-story apartment buildings in half.The mud-rock flow has leveled an area of about 5 km long, 300 meters wide and 5 meters deep in the county seat with more than 2 million cubic meters of mud and rocks, severely damaging power, telecommunication and water supply facilities.About 45,000 residents have been evacuated, as mudslides have destroyed more than 300 homes and damaged another 700. Moreover, 3,000 homes have been flooded.More than 4,400 tents have reached Zhouqu but most of them have not yet been set up due to a lack of open space, Tian said.About 16,000 more tents from the Ministry of Civil Affairs are still in Lanzhou, the provincial capital, Tian said.The mountainous terrain has hampered disaster relief operations. Rescuers could only set up 100 tents in two settlement centers on the playgrounds of two middle schools."We have adequate tents, but insufficient space to pitch them," said Zhang Hongdong, a worker with the county's Red Cross Society.Most people affected by the disaster sought shelter with their relatives and friends in nearby regions, Zhang added.
CHANGCHUN, July 31 (Xinhua) -- Soldiers and emergency workers are still struggling to retrieve the thousands of chemical-filled barrels that were swept into a major river by rain-triggered floods in northeast China's Jilin Province.Some 3,000 chemical-filled barrels and 4,000 empty ones fell into the Songhua River Wednesday morning after floods swamped the warehouses of two chemical companies in Jilin City, Jilin Province.The accident happened on the same day when Zhou Shengxian, minister of environmental protection, called for more steps to tackle pollution in the Songhua River while addressing a meeting on water pollution control.Though the river is facing the risk of being contaminated by chemicals, experts have concluded that the root cause of the accident is the irrational layout of chemical factories.MORE THAN 5,000 BARRELS RECOVERED AMID DIFFICULTIESMore than 5,000 of the 7,000 chemical barrels had been recovered as of 7 p.m. Saturday, local authorities said.Additionally, more than 10,000 soldiers and civilians have been stationed at 16 points in Jilin's Songyuan City, where the Songhua River enters Zhaoyuan City in the Heilongjiang Province; their task is to try and recover all the remaining barrels within the territory of Jilin Province.However, as the Fengman Dam, located on the upper reaches of the Songhua River, opened its floodgates Friday afternoon to discharge flood waters, the unrecovered barrels are now flowing faster down the river and it has become more difficult to retrieve them, said Professor Liu Guoliang, a chemist who is leading Heilongjiang's retrieval team.Experts are concerned that the chemical-filled barrels might explode if they slam into a dam at high speed, although the dams may be helpful in intercepting the barrels."The blue barrels are like time bombs. We don't know when any of them might explode," said Chen Yanpeng, a resident of Jilin's Yushu City, who has participated in the salvage work."In addition to retrieving the barrels, people should also consider why this has happened," Cheng said.
BEIJING, Aug. 13 (Xinhua) -- The state-owned assets in China's centrally-administered state-owned enterprises (SOE) reached 2.01 trillion yuan (297.40 billion U.S. dollars) by the end of June, up 10.71 percent from 2008, China's state-owned assets regulator said on Thursday.Nearly a quarter of the SOEs have state-owned assets over 10 billion yuan each, while six have state-owned assets over 100 billion yuan, the State-owned Assets Supervision and Administration Commission said in a statement on its website."China's state-owned capital has been flowing towards big companies with international competitiveness," said the statement.Some 30 central SOEs are listed as Fortune 500 companies. They are in sectors such as telecommunications, power generation and petro-chemicals.The number of China's central SOEs is 123 in August this year, down from 196 at the beginning of 2003.
BEIJING, June 25 (Xinhua) -- China's top political advisor Jia Qinglin said Friday that accelerating the transformation of economic growth mode was an important strategic task for China's social and economic development.Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), made the remarks at the four-day 10th session of the Standing Committee of 11th CPPCC National Committee, which closed Friday morning.He called for more efforts to expand domestic demand and re-adjust income distribution to foster a pattern of economic growth jointly driven by domestic demand, investment and exports.Greater efforts must also be paid to re-adjusting industrial patterns, enhancing China's innovation capacity, boosting urbanization, saving energy, and reducing emissions, he said.During the session, Standing Committee members held discussions over the drawing of China's next five-year plan for social and economic development, and offered advice to senior officials from more than 30 central ministries or commissions.Jia urged all CPPCC members to contribute to the making of the five-year plan with valuable proposals on key issues.He also called on CPPCC members and organizations at all levels to conduct surveys so as to offer solutions to major problems of the ongoing health-care reform at a lecture held by the CPPCC Standing Committee.