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BEIJING, Jan. 3 (Xinhua) -- A survey conducted by an information center affiliated to Beijing's commerce bureau revealed that retail sales jumped at more than 3,500 stores in the Chinese capital during the 3-day New Year holiday ending Monday, nearly reaching 2.5 billion yuan (about 378 million U.S. dollars), up 17.1 percent from the same period last year.The Beijing Commercial Information Consultation Center surveyed 3,568 stores in Beijing regarding their sales volumes during the past three days, finding that various holiday promotions had brought notable results, pushing up sales to over 2.49 billion yuan.The survey results also showed that consumers in Beijing were passionate about buying gold, since gold prices have kept rising during the past year. Consumers buy gold for investment purposes or to preserve their personal wealth amid the rising Consumer Price Index.Sales volumes at the Caishikou Department Store, which is famous for its gold products, surged 64.1 percent during this holiday from one year earlier.Besides gold, consumers also showed great interest in rabbit-figured toys and commodities with rabbit pictures on them, as 2011 is the year of rabbit in traditional Chinese culture.

BEIJING, Nov. 25 (Xinhua) -- China's central bank warned about the risk of credit card related bad debt on Thursday as money owed 180 days past the due date was on the rise in the third quarter.Credit cards debt 180 days past the due repayment date stood at 7.92 billion yuan (1.19 billion U.S. dollars) by the end of the third quarter, up 8.5 percent from the second quarter, according to a statement released Thursday on the website of the People's Bank of China.Taking this into account, the central bank warned commercial banks to pay close attention to risks associated with credit card related bad debt.Money owed 180 days past the due repayment date accounted for 2.1 percent of the total amount of debt by the end of the third quarter, down 0.4 percentage point from the second quarter, according to the statement.

ISLAMABAD, Dec. 18 (Xinhua) -- China and Pakistan signed a number of trade deals worth about 10 billion U.S. dollars, visiting Chinese Premier Wen Jiabao said here Saturday.Addressing the China-Pakistan Business Cooperation Summit in Islamabad, Wen said the deals reflected the huge potential for expanding bilateral economic and trade cooperation.The two sides inked some 20 trade deals during Wen's visit covering projects in the sectors of new energy, agriculture, cotton yarn and non-ferrous metal imports.Chinese Premier Wen Jiabao speaks during the Pakistan-China Business Cooperation Summit in Islamabad, Pakistan, Dec. 18, 2010. A major deal is aimed at developing wind and solar power. Another one is on remote sensing satellite between the Pakistan Space and Upper Atmosphere Research Commission and the China Great Wall Industry Corporation."Currently, the existing difficulties in our trade cooperation are temporary problems, which we could completely overcome with joint efforts," Wen said.The Chinese premier, who arrived here Friday, urged a boost in the scale of bilateral trade and investment. The China-Pakistan trade volume only accounted for one-tenth of Pakistan's overall foreign trade, he said, voicing his hope that the two-way trade could top 10 billion dollars as soon as possible.With regard to trade imbalance, Wen said China understood the concern of Pakistan on the imbalance, and has taken measures to address the issue."China is ready to work closely with Pakistan to push forward the building of a bilateral free trade area in an all-round way, and gradually grant zero-tariff status to more Pakistani products," he said.He vowed to send a trade and investment promotion delegation to Pakistan for purchase purposes at an appropriate time, hold commodity fairs for South Asian countries, and offer favorable terms for Pakistani products.Calling trade cooperation a link for the China-Pakistan cooperation, Wen said the bilateral trade has witnessed remarkable growth and benefited both peoples.Bilateral trade volume increased to 6.8 billion dollars in 2009 from 1 billion dollars in 2000.Though affected by the global financial crisis and natural disasters, the two-way trade in the first 10 months of 2010 reached the total volume of 2009, an increase of 27 percent over the same period of last year, Wen said.

NANJING, Dec. 18 (Xinhua) -- A kindergarten teacher who reportedly burned seven children using a hot iron on Tuesday has been detained for 10 days by police and fired from her teaching position in east China's Jiangsu Province, said local authorities on Saturday.The teacher, surnamed Yi, 30, of Banqiao Kindergarten of Xinghua City, said that "she did not know the iron was still hot when she used it to discipline the children," according to information released at a press conference held by the city government.The seven children were slightly burned on the face. The burns are expected to fade without treatment within two weeks and probably will not leave scars, according to doctors at Xinghua City People's Hospital.As of Saturday, two children had returned to class, one dropped out of this kindergarten, two remained at home resting and two are seeking treatment in east China's Shanghai Municipality, according to information released at the press conference.Further, the municipal police detained Yi for 10 days and fined her 500 yuan (75 U.S. dollars).The kindergarten owner apologized at the press conference and fired Yi.As for Yi's using an iron because she did not think the iron was still hot, many people did not believe this and posted threads online, such as "How could you still think the iron is not hot since you burned seven kids."But the police believe Yi did not foresee such consequences.Dai Yongjian with the city public security bureau, said the iron had been unplugged from the socket for over ten minutes before burning the children, according to Yi's co-workers."Yi had treated children well before the incident, according to our talks with the kindergarten owners, teachers and children' s parents," said Dai.The students' faces did not show any injuries until that afternoon, said Dai.Yang Qiuhong, mother of one injured child, named Wang Junhua, said , "I was angry at first, but now I forgive Yi and the kindergarten since Yi used to treat my child well and after this incident, the head of the kindergarten came to my home right away and took my child to the hospital."The police believed that Yi lacked necessary medical knowledge and did not seek treatment for the children immediately after their faces began to show signs of being burned.Yi was said to "regret her actions very much", according to Wu Gang, deputy chief of the municipal Education Bureau.Yi does not have a preschool teacher certificate, which is quite common in Xinghua City, since only 40 percent of the 1,600 kindergarten teachers have such certificates, said Wu.According to the regulation issued by the Jiangsu Provincial Government, such a certificate is required for some kindergarten posts, such as the head of the kindergarten and medical personnel. Others have to acquire such certificate within three years after working at a kindergarten.Banqiao Kindergarten is a private school established in 2000.Also, Banqiao Kindergarten is a popular kindergarten and many parents line up to have their children enrolled there, said Wu.

BEIJING, Jan. 3 (Xinhua) -- China faced severe challenges over the past five years, from the global financial crisis to massive earthquakes. However, the steps in the ongoing development, under the leadership of the Communist Party of China (CPC) Central Committee, have never stopped.The following are some facts and figures on the development of China during the period.China posted an annual GDP growth of more than 10 percent, while the GDP per capita exceeded 4,000 U.S. dollars.Progress was made in socialist democracy and law-based government administration, the culture industry and social construction.People's livelihoods were improved with a series of efforts in education, employment, income distribution, social security and health care.Exchanges between China and the rest of the world were enhanced through events such as the Beijing Olympic Games, Shanghai World Expo and Guangzhou Asian Games.