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BEIJING, Nov. 21 (Xinhua) -- An earthquake measuring 4.3 on the Richter Scale hit a border area between northwest China's Ningxia Hui Autonomous Region and the northern Inner Mongolia Autonomous Region Saturday afternoon, according to the China Earthquake Networks Center. The epicenter was at 38.2 degrees north latitude and 106.6 degrees east longitude. Xinhua reporters in Yinchuan, capital of Ningxia, said tremor was felt in the downtown area. No casualties have been reported.
BEIJING, Dec. 26 -- Competition between airlines and rail operators will further hot up on Saturday thanks to the launch of China's longest high-speed train link between Wuhan and Guangzhou. The line stretches more than 1,000 km and will slash the travel time from Wuhan, Hubei province, to Guangzhou in Guangdong from 10 hours to just three. Tickets for the service - which also stops at Changsha, capital of Hunan - went on sale at new stations in the three cities last weekend, with prices ranging from 780 yuan (0) for first class to 490 yuan for second class, said a joint document released by the National Development and Reform Commission and the Ministry of Railways. A bullet train runs on the Wuhan-Guangzhou high-speed railway on Thursday The link, on which trains will reach a top speed of 350 km/h, is expected to pose a real threat to airlines running flights linking the cities. "High-speed rail has three advantages over air travel: it is more convenient, more punctual and has a better safety record. This could help erode the airlines' market shares," said Si Xianmin, chairman of China Southern Airlines, the largest domestic airline by fleet size. From today's launch, 38 out of China Southern Airlines' 160-plus domestic flights will compete with high-speed train links, he said. A similar service opened on April 1 between Wuhan and Hefei, Anhui province, had already grabbed half of the passengers traveling from Wuhan to Shanghai, said Si. The Shijiazhuang to Taiyuan link, also opened on April 1, caused sales for China Eastern Airlines' Beijing to Taiyuan flight to slump 36 percent the following day, while private Spring Airlines reduced its Shanghai to Zhengzhou flights due to competition from the Shanghai bullet trains, Beijing News reported. To deal with this threat, China Southern Airlines last week unveiled several counter measures, including cutting ticket prices from Wuhan to Guangzhou by almost half for advanced purchases. The company also signed a deal with airports in Wuhan and Changsha to give priority to flights to Guangzhou to ensure punctuality. If railway chiefs over-cut the number of low-cost tickets on slower trains, as they did when the country's first high-speed link opened between Beijing and Tianjin last year, the airlines could win more passengers with cheap offers, said Zhao Jian, professor with Beijing Jiaotong University. "But whichever side wins, passengers will be the ultimate winner," he said. Wu Wenhua, a researcher with the National Development and Reform Commission's comprehensive transport institute, said developing high-speed rail networks is in line with the demand for high-efficiency, low-emissions transport. China plans to have high-speed rail services running between 70 percent of key cities by 2020, which would cover more than 80 percent of the airline network. About 16,000 km of railway for 350-km/h trains will be built on the mainland in the next 10 years, according to a blueprint by the Ministry of Railways. By 2012, work will be completed on 42 high-speed links covering 13,000 km, the blueprint showed.
BEIJING, Dec. 7 (Xinhua) -- China's auto sales and output both exceeded 12 million units in the first 11 months, the China Association of Automobile Manufacturers (CAAM) announced Monday. The CAAM forecast sales and output for the whole year would both exceed 13 million units. In November alone, sales reached more than 1.35 million units, according to preliminary statistics. Detailed figures are expected to be released on Tuesday. The country's largest auto maker, Shanghai Automotive Industry Corporation, sold about 2.44 million auto units in the first 11 months, up 54 percent year on year, while Sino-U.S. joint venture company Shanghai GM sold 627,495 units, up 50.5 percent.
BEIJING, Dec. 7 (Xinhua) -- China would continue to adopt the proactive fiscal policy and moderately easy monetary policy next year and endeavor to improve the economic growth quality, according to the Central Economic Work Conference Monday. Chinese President Hu Jintao and Premier Wen Jiabao addressed the meeting, which is held once a year to set the tone for economic development during the next year. It was agreed at the conference that 2010 is the last year in the counry's 11th five-year plan, and to do a good job in the country's economic and social development next year was of great importance to dealing with the impact of the international financial crisis successfully in an all-around way and laying a sound foundation for China's 12th five-year plan. Chinese President Hu Jintao, who is also general secretary of the Central Committee of the Communist Party of China and chairman of the Central Military Commission, speaks during the Central Economic Work Conference, in Beijing, capital of China, Dec. 7, 2009. Other Chinese leaders Wu Bangguo, Wen Jiabao, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang and Zhou Yongkang also attended the conference More efforts would be made to promote the transformation of the economic development pattern and structural adjustments and to enhance the focus and flexibility of economic policy in the following year in line with new situations next year, according to the attendees of the meeting. More efforts would also be laid on reform and opening-up, innovation, enhancing the vigor and momentum of the economic growth, improving people's livelihood, maintaining social harmony and stability, said participants of the conference. It was agreed at the meeting that a good balance should be kept in maintaining a relatively fast and stable economic growth, economic restructuring and dealing with predicted inflation next year. Wen Jiabao, member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China and Chinese premier, speaks during the Central Economic Work Conference, which was held in Beijing, capital of China, on Dec. 5-7, 2009The government would strengthen financial support to sectors including farming, science and technology, education, health care, social security, affordable homes, energy saving and environmental protection in 2010, according to participants of the conference. The country would tightly control loans targeted at high energy-consuming, high polluting industries and those with excessive production capacity in a bid to improve loans quality and efficiency, according to the meeting. The Central Economic Work Conference comprises policy-making officials from central and provincial-level governments.