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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, June 10 (Xinhua) -- Chinese and Lao leaders agreed here Thursday to bolster ties between the two countries and ruling parties.Top Chinese legislator Wu Bangguo and State Councilor Liu Yandong reached the consensus with Samane Vignaket, a Political Bureau member of the Lao People's Revolutionary Party Central Committee during their meetings in Beijing."It's of great significance for the two ruling parties to strengthen exchange and cooperation on party-building ... as China and Laos are both going through a critical period of development," said Wu, chairman of the Standing Committee of the National People's Congress.Wu, also Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee, hailed China-Laos political and economic ties, saying the relationship had progressed to a new stage. Wu Bangguo (R), chairman of the Standing Committee of China's National People's Congress, also Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee, shakes hands with Samane Vignaket, a Political Bureau member of the Lao People's Revolutionary Party Central Committee during their meeting in Beijing, capital of China, June 10, 2010.He proposed the two parties and countries expand cooperation in a bid to further bilateral ties.Samane told Wu that Laos was encouraged by China's reform and opening-up. He appreciated China's assistance and vowed to enhance all-round cooperation with China.The Lao People's Revolutionary Party will learn from the CPC's experience and seek a development mode that fits the country's own domestic situation, said Samane, who is in charge of the party's ideology, theory and culture branch.

BEIJING, June 13 (Xinhua) -- Flights have resumed at Beijing Capital International Airport after a thunder storm hit the city at 8 p.m. Sunday causing disruptions, the airport announced on its website.The storm had delayed a total of 170 out-bound flights and canceled 25 fights as of 9 p.m., according to the announcement.The airport suspended flights at 7:40 p.m. Sunday due to the storm, which stopped at about 9:30 p.m..The National Meteorological Center forecast heavy rain for central Hunan, eastern Jiangxi, Zhejiang, and Fujian provinces as the country begins Monday its three-day national holiday.Thunder storms are forecast for Inner Mongolia, the northeast, and the north during the next three days.

GENEVA, June 14 (Xinhua) -- A senior Chinese official on Monday called for continued international cooperation in tackling unemployment and other social problems caused by the global financial crisis."The international financial crisis is still ongoing, and in particular jobs recovery in many countries lag far behind their economic recovery," said Wang Xiaochu, deputy minister of human resources and social security."As the destiny of countries is interconnected in this world, we need to work together like passengers in the same boat to overcome the impact of the crisis, strive to build a global environment that is more fair and equitable, and achieve as quickly as possible recovery and inclusive growth through decent work," Wang said.The official was addressing a high-level session of the 99th International Labor Conference, which lasts from June 1 to June 18 focusing on global employment issues following the economic crisis.Wang said the Chinese government had adopted a host of measures aimed at promoting a more active employment policy and improving the social security system, as part of the country's efforts to implement the International Labor Organization's Global Jobs Pact.He said those measures had been successful. "By the end of 2009, the most difficult period for employment in China was over. Some 11.02 million new jobs had been created in urban areas in the whole year.""The employment situation for the youth is better than previous years. Businesses cut fewer jobs than before with growing demand for workers, and the total size of the rural migrant workers increased by 4.92 million," he added.

ULAN BATOR, Aug. 3 (Xinhua) -- A group of children from China's earthquake-stricken Qinghai province arrived in Mongolia on Tuesday for an eight-day visit.A ceremony was held at the Nairamdal international children's center, 27 km from the capital city of Ulan Bator, to welcome the 59 children and youngsters from Qinghai in western China, which was hit by a major earthquake in April.Prime Minister Batbold Sukhbaatar invited the children from the quake-hit region for a visit in early June when Chinese Premier Wen Jiabao visited Mongolia.Last year, 60 children from China's southwestern Sichuan province, which was also hit by a deadly earthquake in 2008, visited Mongolia at the invitation of then Prime Minister Bayar Sanjaa.

来源：资阳报