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SHANGHAI, Nov. 16 (Xinhua) -- The death toll of a big fire that engulfed a high-rise building in downtown Shanghai had risen to 53 by 9:20 a.m. Tuesday, local authorities said.More than 70 people injured in the inferno are being hospitalized.The 28-story building at the intersection of Jiaozhou Road and Yuyao Road in Jing'an District, a densely-populated area in Shanghai, was being renovated when it caught fire at about 2:15 p.m. Monday.The fire was mostly extinguished at 6:30 p.m. after local authorities dispatched 25 fire units and more than 100 fire engines to the scene. Helicopters were sent to rescue people trapped on the roof.Firefighters use illuminating facility to search for survivors on the residential building in the downtown area of Shanghai, east China, Nov. 16, 2010. The death toll of a big fire that engulfed a high-rise building in downtown Shanghai had risen to 53 by 9:20 a.m. Tuesday, local authorities said. More than 70 people injured are being hospitalized. The cause of the fire remained unknown, but a witness said he saw construction materials burning before the fire climbed up the scaffolding and quickly spread.Jing'an District government has arranged food and accommodations for fire-affected residents evacuated to nearby hotels.Residents said the building, built in the 1990s, housed mainly teachers from several schools in Jing'an District, many of whom were retired.
BEIJING, Jan. 2 (Xinhua) -- A cold front is forecast to sweep across northwest and central China over the next few days, as thousands of stranded motorists wait for highways in southwest China to reopen after freezing rain prompted their closure.A cold front will sweep across northwestern China Sunday and Monday, bringing temperature drops and strong winds, the China Meteorological Administration forecast in a statement on its website Sunday.Temperatures will fall 6 to 8 degrees Celsius in northwestern China and eastern parts of the Qinghai-Tibetan Plateau, with some parts seeing a drop of over 10 degrees Celsius.The cold front will move eastward and affect most of central and eastern China on Tuesday and Wednesday, according to the statement.A worker clears snow on the ancient city wall of Xi'an, capital of northwest China's Shaanxi Province, Jan. 2, 2011.Northern regions will see temperature drops of 4 to 8 degrees Celsius, with temperatures in some parts dropping 10 degrees Celsius, the statement said.Light to moderate snow or sleet will fall on the eastern Qinghai-Tibetan Plateau, in northwestern China, and in regions along the Yellow, Huaihe and Yangtze rivers over the coming three days.Both southwest Guizhou and central Hunan provinces will see heavy snowfalls and some parts of the two provinces will experience freezing rain, according to the forecast.In the last 24 hours as of 8 a.m. Sunday, freezing rain had lashed 62 counties and cities in Guizhou.Most expressways in Guizhou were closed Sunday due to freezing rain that has stranded some 6,200 people on highways and some 11,800 others in transportation stations, according to provincial transportation authorities.Transportation authorities have initiated an emergency response, dispatching 545 emergency vehicles and 4,200 personnel since Saturday afternoon to save people from the freezing rain.The rescuers are trying to evacuate the trapped passengers and drivers to nearby villages, service stations and the office buildings of the province's transportation department, said Chen Mengren, director of the department.The local civil affairs department has delivered food, 550 quilts, 800 coats and 4,000 bottles of water to the relief sites set up along the closed highways.The closing of a section of China National Highway 210 in Guizhou at 7 p.m. Saturday had stranded some 1,500 vehicles as of 5 p.m., leaving more than 7,000 occupants trapped in Nandan County in neighboring Guangxi Zhuang Autonomous Region, according to Nandan's publicity department.Highway closing in Guizhou also incurred traffic jam in neighboring Hunan Province, trapping more than 6,000 passengers on a highway leading to Guizhou. As of 8.p.m., most of the stranded passengers had been relocated to the nearby Xinhuang County.According to Guizhou's transportation department, the highway is unlikely to open until Monday and the transportation conditions in the next few days will not be optimistic as more cold fronts are forecast to hit the province from Wednesday to Saturday.Snow and freezing rain have also hit Hunan Province. But meteorological authorities said the possibility of the province suffering from harsh conditions similar to those in the winter of 2008 is small.

BEIJING, Dec. 22 (Xinhua) -- China unveiled a new asset-management company that aims to restructure and merge small, uncompetitive state-owned enterprises (SOEs) on Wednesday.The new firm, China Reform Holdings Corporation Ltd., will focus on "reorganizing small-sized SOEs which do not affect national security and are not crucial to the national economy," the State-owned Assets Supervision and Administration Commission (SASAC), the SOE watchdog, said in a statement.The first-phase registered capital of the new company, which is wholly owned by SASAC, is 4.5 billion yuan (681 million U.S. dollars). SASAC has not yet revealed which companies will be involved in the reshuffling.Xie Qihua, former chairman of the Baosteel Group Corporation, China's largest steel maker, has been appointed board chairman of the new company.Liu Dongsheng, an SASAC official, will act as general manager, it said."The launch of the new company marks an important move to optimize the relocation of state economic resources and to give state capital more vitality, control and impact on key sectors," Wang Yong, deputy director of SASAC, said at the launching ceremony.He noted because the assets of the reshuffled companies took up a considerable amount of the entire state assets, the restructuring plays an active role in improving asset quality.According to SASAC' s plan, the company will participate in the share-holding reform of the reshuffled enterprises, and will also invest in emerging industries with strategic importance.Also at the launching ceremony, Wang stressed that the company is an asset management company rather than an investment group, ending rumors that it will become China's second sovereign fund after the China Investment Corporation (CIC).He noted the new company's mission is explorative and challenging, which needs to deal with it in a proactive and cautious way.In order to enhance the state company's efficiency and competitiveness, SASAC cut the number of SOEs under its direct control from 196 to 122 over the last seven years. They are expected to be further consolidated into around 100 by the end of 2010, according to SASAC plans.However, SASAC officials said it remains difficult to meet the target in time."It takes time to meet the goal," said Shao Ning, deputy director of SASAC. He added that the restructuring should take place when the time is right, and should give priority to "quality" and "good results" to ensure stability of the enterprises.In order to help the uncompetitive companies withdraw from the market in a stable manner, SASAC promised to offer support for the employers in those companies.Zhou Fangsheng, an expert on SOE issues, said it is good news for the uncompetitive SOEs to be merged into the new company with their debt relieved.But it is still quite explorative, he added.The new company is the third oversight asset management company by SASAC, besides the China Chengtong Group and the State Development & Investment Corp.Shao Ning told Xinhua that the previous two companies have their own business scope, besides dealing with non-performing assets. But the new company will only focus on asset management.Profits of China' s SOEs rose by 43 percent year on year to hit 1.81 trillion yuan (271.92 billion U.S. dollars) in the first 11 months, according to the figures released by the Ministry of Finance on Dec. 17.However, profits were concentrated in a small number of companies, such as oil producers and refiners, telecom operators and power companies which enjoy monopolies and easy bank loans.Companies in the traditional sectors, such as textiles and light industries, reported meager profits.A stronger presence of the monopolistic SOEs aroused complaints by the nation's private businesses, which had no easy access to bank credit but provided more than 80 percent of the job opportunities in the nation.China's SOEs include SOEs directly controlled by the central government and SOEs supervised by local governments, but excludes state-owned financial enterprises.
MACAO, Nov. 13 (Xinhua) -- Chinese Premier Wen Jiabao announced Saturday that China will launch a series of measures between 2010 and 2013, which were aimed at helping boost the development of less-developed Portuguese-speaking countries.Wen announced the measures when delivering his speech at the opening ceremony of the third Ministerial Conference of the Forum for Economic and Trade Cooperation between China and Portuguese- Speaking Countries here in Macao on Saturday.Under the new measures, financial institutions from the Chinese mainland and Macao Special Administrative Region (SAR) will set up a one-billion-U.S.-dollar development fund for cooperation between China and Portuguese-speaking countries, in a bid to push forward the financial cooperation between the two sides.The Chinese government will also provide those African and Asian Portuguese-speaking countries that participated in the third Ministerial Conference of the Forum with 1.6 billion yuan (242 million U.S. dollars) worth of loans on favorable terms within a bilateral framework.The new measures will also see China provide equipments, technical personnel, etc. to the countries, supporting a bilateral agricultural cooperation with each of the African and Asian Portuguese-speaking countries that participated in the third Ministerial Conference of the Forum.Sponsored by China's Ministry of Commerce and hosted by the government of the Macao Special Administrative Region (SAR), the forum was created in Macao in 2003, with the joint participation of seven Portuguese-speaking countries, namely Angola, Brazil, Cape Verde, Guinea Bissau, Mozambique, Portugal and Timor-Leste.
来源:资阳报