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LHASA, Oct. 7 (Xinhua) -- At least nine people were killed in a strong earthquake that jolted a county near Lhasa, capital of southwest China's Tibet Autonomous Region, on Monday, the rescue headquarters confirmed early Tuesday morning.     The previous "at least 30" death toll was inaccurate due to unauthoritative sources and needs further check.     Rescuers arrived at Yangyi Village, the worst-hit site in Gedar Township of Damxung County, late Monday night after repairing the road once paralyzed in the 6.6-magnitude tremor.     At least 147 houses in Yangyi and villages in a neighboring county collapsed. Rescuers recovered nine bodies from the debris, and 11 people were seriously injured while eight others received light injuries, Hao Peng, deputy chairman of the autonomous regional government and head of the rescue command, told Xinhua.     More than 600 soldiers, police officers, firefighters, traffic, medical and geological experts were rushing to the quake zone.     Food, drinking water, tents and other materials had been transported to the area. Rescue operation was underway. The injured were being sent to local hospitals.     An earthquake measuring 6.6 on the Richter scale jolted Damxung,82 km from Lhasa, at 4:30 p.m. Monday. The epicenter was at 29.8 degrees north and 90.3 degrees east.     Tremors were felt in Lhasa, but no major damages were found in buildings or historical sites there, including the famed Potala Palace and the Jokhang Temple.     "We examined every palace and building right after the quake and no damages were found," said Jamba Gesang, head of the management department of the Potala Palace. A woman with her child walks past collapsed buildings in Gedar Township of Damxung County in southwest China's Tibet Autonomous Region, Oct. 6, 2008. At least nine people were killed in a 6.6-magnitude earthquake that jolted Damxung County near Lhasa at 4:30 p.m. Monday, the rescue headquarters confirmed early Tuesday morning    The Jokhang Temple kept hosting visitors as all constructions were unaffected in the tremor.     Key cultural relics also stayed intact, as the sites were far from the epicenter, said Yu Dawa, chief of the cultural heritage bureau of Tibet. A local farmer checks the damaged building in Gedar Township of Damxung County in southwest China's Tibet Autonomous Region, Oct. 6, 2008. At least nine people were killed in a 6.6-magnitude earthquake that jolted Damxung County near Lhasa at 4:30 p.m. Monday, the rescue headquarters confirmed early Tuesday morningThe famous Bargor Street was as bustling as usual.     The Qinghai-Tibet railway and Lhasa airport remained in normal services.     "The downtown area of Lhasa is relatively safe and there is no need to be panic," Zhu Quan, head of the local seismological bureau, told Xinhua.     More aftershocks may hit Damxung but would not cause damages to buildings in the downtown area, Zhu said.     The quake was measured at level VIII on the 12-level MMI (modified mercalli intensity) scale in the epicenter and it was felt at level V in Lhasa, Zhu said at a press conference.     The MMI scale measures the intensity of an earthquake from its perceptible effects with level V indicating it could be felt by everyone and could break windows. At level VIII, a quake can result in partial collapse of ordinary buildings.     "I was shaken for a few seconds, and lamps in the office swayed. Then everything returned to normal," Xinhua reporter Xue Wenxian said.     Classes ended early in some schools in Lhasa.     The national seismological network recorded another earthquake measuring 5.2 on the Richter Scale in the county at 8:10 p.m. Monday. The regional earthquake monitoring network said it had observed 15 aftershocks.     An emergency response scheme was launched across the region soon after the quake broke out. The local government has sent a working team to guide relief operation in the quake-hit areas.     The rescue headquarters asked relative authorities to release quake information to the public in time.     Another 6.8-magnitude earthquake shook Tibet's neighboring region of Xinjiang on Sunday, but no casualties have yet been reported.     The quake hit at 11:52 p.m., with its epicenter at 39.6 degrees north and 73.9 degrees east in a mountainous area about 100 km from the county seat of Wuqia, Kizilsu Kirgiz Autonomous Prefecture.     Xinjiang earthquake monitoring network said it had observed 196aftershocks as of 1:30 p.m. on Monday, including two above magnitude 5.The debris of collapsed buildings is seen in Gedar Township of Damxung County in southwest China's Tibet Autonomous Region, Oct. 6, 2008. At least nine people were killed in a 6.6-magnitude earthquake that jolted Damxung County near Lhasa at 4:30 p.m. Monday, the rescue headquarters confirmed early Tuesday morning

BEIJING, Oct. 9 (Xinhua) -- China's securities regulator on Thursday said publicly-traded companies must pay dividends in cash rather than stock over three years before submitting their refinancing applications.     The move could help to encourage long-term investment and reduce market volatility, the China Securities Regulatory Commission (CSRC) said.     The benchmark Shanghai Composite Index has plunged 66 percent from its record high last October.     In a new regulation stipulating cash dividend payment by listed companies, the CSRC said: "The listed firms, if applying for refinancing, must pay dividends in cash totaling no less than 30 percent of its distributed profits over the past three years."     The regulation went into effect on Thursday.     In the draft version released in August, companies were allowed to pay dividends either in cash or stock.     The listed firms were also ordered to reveal their cash dividend policies and previous cash dividend data to investors in their annual reports to improve transparency.     "The listed company should give reasons why it failed to pay a cash dividend if it is able to and where the money goes," according to the rule.     Cash dividends could offer stable investment returns and prompt large institutional investors to reduce speculation on the secondary market, the regulator said.     A couple of huge refinancing plans earlier this year triggered a market plunge on concerns over stake dilution and liquidity stress.     In a separate regulation on share buy-back, also effective on Thursday, the CSRC said it allowed a cash dividend payment when the controlling shareholders bought stocks on the secondary market.     Such action was banned in the draft version released in late September to solicit public opinion.     Share buy-back through bidding at stock exchanges also no longer needs regulatory approval.     The CSRC added it would continue to revise the rules on stock buy-back and also give consideration to repurchase through agreement or tender offer.

XIAMEN, Sept. 8 (Xinhua) -- China will further open up to the world and step up its international investment cooperation, Vice Premier Wang Qishan promised here Monday.     Addressing the 12th Xiamen International Trade and Investment Fair in the east Fujian Province, Wang said the country would continue to stick to the national policy of opening up, constantly improve its policies on utilizing foreign investment and investing in foreign countries, and create more space for foreign companies to develop their business in China.     China's reform and opening up policy had significantly transformed the country in the past 30 years, and its accession to the World Trade Organization had further integrated it with the global economy, he said.     Although the country met with severe natural disasters and an unfavorable international economic environment, its coping measures made its national economy stay healthy on the whole, he said, noting it was confident in and capable of overcoming the current difficulties and challenges.     Expounding on improving its policies on utilizing foreign investment and investing in foreign countries, Wang vowed to further improve the country's investment environment including building a service-oriented government, a market of fair competition, a transparent legal environment and stable policy environment.     He also stressed lifting the quality and diversifying the means of utilizing foreign investment, and encouraging domestic enterprises to invest in foreign countries.     The Chinese government had always supported trade and investment liberalization and opposed protectionism in any form, he said, vowing to work with the world to eliminate trade and investment barriers and cope with various difficulties and challenges for global economic prosperity and stability.     Attendants of the forum are from 120 countries and regions and seven international organizations

BEIJING, Oct. 14 (Xinhua) -- China on Tuesday reaffirmed its resolve to keep its economy on track amid the global financial turmoil.     In a meeting with visiting U.S. Senator Chuck Hagel, Vice Premier Wang Qishan said the financial crisis, triggered by the U.S. credit crunch, had exerted a grave impact on the global financial market. Chinese Vice Premier Wang Qishan(R) shakes hands with visiting U.S. Senator Chuck Hagel in Beijing, capital of China, Oct. 14, 2008 "As a responsible country, China has always valued the communication and cooperation with other nations to ensure world financial and economic stability."     Wang said China would make great efforts to keep its economy on the right track, which would be the country's greatest contribution to the world.     China had implemented and would continue measures to ensure the stability of finance, economy and the capital market, he said, referring to a package of new policies to spur economic growth.     The central bank cut interest rates on Sept. 15 for the first time in six years.     The People's Bank of China, the central bank, announced the deposit and lending rates would be lowered by 0.27 percentage points and the reserve-requirement ratio would be reduced 0.5 percentage points starting Oct. 15.     "With tools at our disposal, we are confident and capable of prevailing over the overall difficulties and challenges," Wang told Hagel.     He added the overall bilateral relations of the two countries had moved forward and become increasingly interdependent since forging diplomatic ties in 1979.     To promote China-U.S. ties was in the fundamental interests of the two nations, he said.     Wang proposed the two deepen a strategic trust and take a candid and pragmatic approach in addressing differences. They should work more closely on economy, trade, investment, energy, environment and high-tech.     He also urged the United States to observe the three joint communiques, refrain from anything harmful to bilateral ties and the stability of the Taiwan Straits, so as to ensure the sound and steady progress of bilateral constructive cooperation.     As all nations were becoming more connected, Hagel, a Republican senator from Nebraska, said the stronger cooperation between the United States and China would help ensure world financial and economic stability.

BEIJING, June 20 (Xinhua) -- Chinese President Hu Jintao on Friday hailed the 60th anniversary of the People's Daily, the voice of the Communist Party of China (CPC), and extended his salute to all Chinese journalists.     After inspecting the People's Daily, Hu encouraged reporters and editors to innovate their reporting styles and bring into a full play the paper's leading role.     He sent his greetings to the paper's overseas correspondents and asked them to link the transformation of the international situation with China's reform and opening-up. This was to improve the quality and influence of the paper's international reporting. It has 33 overseas bureaus.     Hu, also general secretary of the CPC Central Committee, visited people.com.cn, the online arm of the daily newspaper and a leading news portal in China. Over 11 years of development, the website now received about 100 million visits daily.     He then held his first live online chat with netizens on Friday, telling them divergent voices could be heard in the country. Chinese President Hu Jintao (C) inspects the People's Daily, the voice of the Communist Party of China, in Beijing, capital of China, June 20, 2008. Hu on Friday hailed the 60th anniversary of the start of publication of the People's Daily and extended his salute to all Chinese journalistsHu, who said he sometimes found time to surf the web, said in his chat with netizens, "I try to know through the Internet what people are concerned about and what they think (on a wide range of topics)."     "I'm willing to get an idea on people's complaints of and proposals to the work of our Party and the government.     "The Internet is an important space to know about people's thoughts," said Hu, who revealed the BBS of people.com.cn was his must-visit while surfing the web.     The "BBS" he mentioned was the Qiangguo Forum, with the literal meaning in Chinese of "powering the nation." The virtual-reality forum was initiated by netizens to express anger at the U.S.-led NATO forces bombing of the Chinese embassy in Belgrade in 1999. Since then, the forum has been one of the most popular venues for netizens to speak out.     Hu's four minute live chat with netizens highlighted the recent efforts of the government to directly contact the people.     He told the paper's staff that with the rapid social and economic development it's more convenient and faster now for people to obtain and spread information and the role of public opinion was more significant than ever.     He asked newsmen to stick to the CPC principle, serve the people, constantly reform to enhance influence and strengthen the use of new media in their daily work.Chinese President Hu Jintao (C) inspects the People's Daily, the voice of the Communist Party of China, in Beijing, capital of China, June 20, 2008. Hu on Friday hailed the 60th anniversary of the start of publication of the People's Daily and extended his salute to all Chinese journalists

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