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TASHKENT, June 11 (Xinhua) -- The Shanghai Cooperation Organization (SCO) 10th annual summit ended here Friday with a declaration pledging to build an effective and open multilateral organization dedicated to regional peace, stability and prosperity.REGIONAL PEACE, STABILITY, PROSPERITYParticipants from the six SCO member countries -- China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan -- discussed key regional and global issues at the gathering.The declaration pledged to strengthen mutual support on issues relating to each other's core interests, boost cooperation in the combat against terrorism, separatism and extremism and other destabilizing factors, enhance cooperation in overcoming the aftermath of the global financial crisis and develop infrastructure in the region.The SCO had developed into a highly efficient and open multilateral organization and was an important factor in international and regional security and cooperation structures, the declaration said.The organization will stick to its practice of shunning ideological means, cliquing or confrontation in efforts to settle major problems emerging in the process of international and regional development.
SHANGHAI, Aug. 21 (Xinhua) - Shanghai International Port Group (SIPG), China's largest commercial port and one of the country's major gateways for foreign trade, reported a 52 percent increase in profits during the first half of the year.Net profits for SIPG were 2.6 billion yuan (385 million U.S. dollars) from January to June, up 52.4 percent year on year, the company said in a statement to the Shanghai Stock Exchange on Saturday.Further, earnings per share rose 52 percent from a year earlier to 0.12 yuan, according to the statement.The company attributed the growth mainly to China's robust trade performance in the first half of the year.During the first half of 2010, China's exports rose 35.2 percent to 705.09 billion U.S. dollars while imports increased 52.7 percent to 649.79 billion U.S. dollars, according to the General Administration of Customs.SIPG shares on the Shanghai bourse closed down 0.48 percent to 4.17 yuan on Friday.
BEIJING, July 21 (Xinhua) -- Rain-triggered floods left 273 people dead and 218 missing since rainstorms struck south China on July 1, latest figures from the Ministry of Civil Affairs show; up from the 146 deaths reported on July 16.As of 4:00 p.m. Wednesday, about 58 million people in 11 provinces and Chongqing Municipality had been affected by the floods, with 3 million being evacuated and resettled, according to a statement released Wednesday by the ministry.A total of 330,000 homes and some 4 million hectares of crops have also been destroyed.Also, economic losses were estimated at about 58.27 billion yuan (8.53 billion U.S. dollars), the statement said.Additionally on Wednesday, the Ministry of Finance and the Ministry of Civil Affairs earmarked 329 million yuan for disaster relief in the flood-hit provinces of Sichuan, Shaanxi, Jiangxi and Hubei and the municipality of Chongqing.The funds will be used for the evacuation and resettlement efforts, reconstruction and death gratuities, said the statement.The previous relief funds of 370 million yuan was allocated to the provinces of Anhui, Hubei, Hunan, Guizhou and Yunnan, and Chongqing Municipality on July 16.Also on Wednesday, the Organization Department of the Communist Party of China (CPC) Central Committee allocated 5.5 million yuan "special membership fees" for disaster relief in the provinces of Hubei, Anhui, Zhejiang, Yunnan and the municipality of Chongqing.Earlier Wednesday, the Chinese government revealed that torrential rains and floods, the worst in a decade, have claimed the lives of 701 people and left 347 missing in China since the beginning of the year.Liu Ning, vice minister of Water Resources, warned that floods, mud-flooding and landslides would likely continue to plague some areas in Hainan, Guangdong, and Guangxi with landfall of a severe tropical storm, named Chanthu, on Thursday.
BEIJING, June 21 (Xinhua) -- China's National Development and Reform Commission (NDRC), the country's top economic planner, refuted on Monday recent reports online saying China is mulling adjustments of electricity prices, claiming such reports "untrue" .The NDRC said in a statement on its website that recently there were reports online saying the NDRC was studying plans to adjust electricity prices, citing Li Jing, deputy head of the Department of Resource Conservation and Environmental Protection at NDRC. Reports said she has not given the timetable for the plan.The statement further said she never made such remarks to media and the reports were groundless.The NDRC began a rise in the price of electricity for non-residential use by 2.8 fen (0.4 cents) per kwh on average nationwide on November 20 last year, with residential electricity prices unchanged.
BEIJING, June 10 (Xinhua) -- China's exports surged by 48.5 percent year on year in May, while the imports climbed 48.3 percent, the General Administration of Customs (GAC) announced Thursday.The growth rate for exports was 18.1 percentage points up from the figure for April, and the import growth rate dipped slightly from 49.7 percent reported in April.Exports totalled 131.76 billion U.S. dollars in May, said a statement on the GAS website, adding imports topped 112.23 billion U.S. dollars.Total foreign trade value rose 48.4 percent from a year earlier to 243.99 billion U.S. dollars in May. The figure was even 10.2 percent higher than May 2008 before the global financial crisis began, the statement said. Photo taken on June 8, 2010 shows the colossal chemicals-transport ship of Attilio Ievoli, which is manufactured by the Rushan Shipbuilding Co., Ltd. for export to Italy, taking water at its launching ceremony, at Rushan, east China's Shandong Province. Exports were up 9.2 percent from May in 2008 and imports grew 11.4 percent.From January to May, the total value of foreign trade rose 44 percent year on year to 1.1 trillion U.S. dollars.Exports were up 33.2 percent to 567.74 billion U.S. dollars and imports rose 57.5 percent to 532.35 billion U.S. dollars, said the statement.The trade surplus fell 59.9 percent to 35.39 billion U.S. dollars in the first five months.