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BEIJING, Aug. 22 (Xinhua) -- Wuhan Iron and Steel Company Ltd., the listed subsidiary of China's third largest steel maker, said Sunday that its net profit rose 90.43 percent year on year to 963.53 million yuan (141.7 million U.S. dollars) during the first half of the year as strong economic growth boosted steel demand and prices.The company's first-half-year sales reached 34.36 billion yuan, up 50.72 percent from one year earlier, it said in a statement delivered to the Shanghai Stock Exchange.However, costs also climbed in the first six months compared with a year earlier because of increases in raw material prices, it said.Production costs for steel products gained 47.12 percent year on year to 31.18 billion yuan. Further, the company's steel output in the first half of the year gained 29.75 percent year on year to 8.04 million tonnes.China's producer price index, a major gauge of inflation at the wholesale level, rose 6 percent in the January-June period, according to statistics released by the National Bureau of Statistics.However, the company was likely to face a "difficult time" in the second half of 2010 and meeting its full-year profit target would become a "challenging task" as demand from auto, home appliance and real estate sectors experienced "drastic changes" since July, leading to more restrained sales and falling prices, it said.Company officials also worried that high prices of iron ore, coal and electricity would further push up production costs and squeeze profit margins.On Friday, the price of its shares fell 2.87 percent to 4.73 yuan on the Shanghai bourse.

BEIJING, July 29 (Xinhua) -- China's work safety authorities will investigate and crack down on manufacturers operating illegally in the coming three months, the Work Safety Committee Office under the State Council, China's Cabinet, said Wednesday.Accidents in manufacturing plants have dropped this year, but illegal operations still pose a grave threat to workplace safety, accounting for about 55 percent of the accidents above "relatively major" level, said a statement from the office.An accident above "relatively major" level referred to a case in which three or more deaths are involved, ten or more are seriously injured or an economic loss above 10 million yuan (1.48 million U.S. dollars) is caused.The crackdown beginning from Aug. 1 will focus sectors including mines, transportation, construction sites, manufacturers of dangerous chemicals, fireworks plants and smelting sector, said the statement.Illegal operations mainly refer to manufacturers that run without permits or run with insufficient or overdue permits and against safety production laws and codes.

BEIJING, June 23 (Xinhua) -- Chinese President Hu Jintao left Beijing for Canada Wednesday afternoon to pay a state visit to the country and attend the fourth Group of 20 (G20) summit scheduled for June 26-27 in Toronto.Hu is invited by Canadian Governor-General Michaelle Jean and Prime Minister Stephen Harper.At this summit, G20 leaders will discuss ways to consolidate the recovery of the world economy and the reform of the international financial system in the aftermath of the global financial crisis.

BEIJING, July 6 (Xinhua) -- China has sent 15,603 soldiers to participate in 18 United Nations peacekeeping missions since 1990, an official of China's Ministry of National Defense said Tuesday.Of the total, nine soldiers died while on the missions, said Tao Xiangyang.As of the end of June 2010, there were still 1,960 soldiers deployed in UN peacekeeping missions in nine mission areas or working in the UN peacekeeping department, Tao said.Also on Tuesday, a group of 38 foreign military attaches to China, who were from 36 countries, visited a training center for peacekeeping soldiers in Huairou District, suburban Beijing.

来源：资阳报