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Authorities in Yunnan and Guizhou, where multiple earthquakes on Friday have killed at least 81 people, are required to beef up safety measures in temporary shelters for relocated residents and strengthen prevention efforts against rain-caused ecological disasters.

LEIYANG, Hunan, July 8 (Xinhua) -- Rescuers confirmed early Sunday that 11 of the 16 trapped miners were alive three days after they became trapped under a flooded colliery pit in central China's Hunan province.

WASHINGTON, Aug. 10 (Xinhua) -- The World Bank announced Friday Cai Jinyong, a Chinese national with more than 20 years of experience in the financial services industry and development, is appointed as the new Executive Vice President and CEO of the International Finance Corporation (IFC), a member of the World Bank Group.

Peng Wensheng, chief economist with the China International Capital Corporation Limited, told the newspaper that the central bank is highly likely to slash interest rates soon, and may further cut banks' reserve requirement ratio as many as three times within the year in an effort to stabilize real economy.

Hu said that to sustain and strengthen the momentum of economic recovery, "we need to enhance macro-economic policy coordination, and all countries should pursue win-win cooperation through concerted efforts."