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BEIJING, Jan. 31 (Xinhua) -- China's large textile businesses took in 133.15 billion yuan (19.57 billion U.S. dollars) in profits in the first 11 months of last year, according to figures released by the China Textile Industry Association.The profits were up by 25.39 percent year on year, 36.40 percentage points more than that in the Jan.-Feb. period.The industry posted a total production value of 3.43 trillion yuan and 3.35 trillion yuan in sales value, each up by 9.71 percent and 9.82 percent as all major products saw production rise.The industry also witnessed a slow recovery in export. In the 11 months, garment export fell by 11.02 percent to 154.1 billion U.S. dollars, but the drop narrowed by 0.19 percentage points compared to the first 10 months.By contrast, domestic sale accounted for 79.89 percent in the total sales, up by 3.15 percent.
HONG KONG, Feb. 15 (Xinhua) -- Over 20,000 people gathered on both sides of Hong Kong's Victoria Harbor to watch a 23-minute firework show Monday evening, as the city is unwrapping various festive activities to celebrate the year of the Tiger.The show began at 8 pm local time (1200 GMT) despite heavy fog and light showers.Spectators cheered and shouted as the Arabic number "eight" appeared in the sky, followed by patterns resembling fish. Fireworks designers explained that the number eight shares the same pronunciation with the word "Fa" which means striking gold while the word "fish" sounds the same with "surplus" in Cantonese.For Hong Kong residents who tend to believe that lucky signs and lucky-sounding words do actually bring in luck, they are delighted at the show, which also include patters similar to the shape of the Chinese traditional gold ingot and red Chinese character "Ji" which means auspiciousness.The Lunar New Year firework show has become an annual event since it lit up the sky above the Victoria Harbor for the first time during the Lunar New Year in 1982.Sponsors of the event said this year's extravaganza costs more that 3 million HK dollars (about 400,000 U.S. dollars ), but they insist the expenditure worthwhile as it brings laughter and joy to Hong Kong citizens at the begining of a new year.

VLADIVOSTOK, Russia, March 20 (Xinhua) -- China and Russia pledged here Saturday to further interregional cooperation with each other and signed a series of cooperation deals.Governor of Russia's Primorsky Territory Sergey Mikhaylovich Darkin and visiting Chinese Vice-President Xi Jinping met here and exchanged views on the development of bilateral ties and cooperation between neighboring regions of the two countries. Chinese Vice President Xi Jinping (R, front) shakes hands with Sergei Darkin, governor of Russia's Primorsky region, in Vladivostok, Russia, March 20, 2010Xi told Darkin making the Primorsky Territory the first leg of his Russian tour was to boost the interregional cooperation between China and Russia to a wider and deeper level, as agreed by leaders of both sides.Conditions were already mature for the development of interregional cooperation between the two countries, Xi said. Chinese Vice President Xi Jinping (3rd R, front) meets with Sergei Darkin (3rd L, front), governor of Russia's Primorsky region in Vladivostok, Russia, March 20, 2010While the settlement of border issues and the approval of a cooperation plan outline had laid a political and legal basis for cooperation, the strong will of working hand in hand by the government and enterprises on both sides was also making it possible, the Chinese leader said.Xi said, as both economies were developing quickly, he hoped China and Russia could seize the opportunity to obtain early achievements through interregional cooperation, and to realize the upgrading of the strategy for such cooperation to bring benefits to people living in the bordering areas.Darkin said the Primorsky Territory, as China's closest neighbour, had achieved in recent years closer trade and economic ties with China's northeast border region.The governor said Chinese companies were welcome to invest in the Primorsky Territory and to see it as a bridge for their products to reach Europe.He also expected both sides to further cooperation in such areas as agriculture, energy, finance and service industries.Later in the day, China and Russia signed 15 cooperation documents totalling 1.6 billion U.S. dollars covering economic, technological, energy and infrastructure cooperation.The agreements were signed after Xi held a meeting on strengthening China-Russia interregional cooperation, known as the symposium on China-Russia Ussuriysk economic and trade cooperation area.At the meeting, Xi heard reports given by top leaders from the Chinese Ministry of Commerce, China's Heilongjiang Province and Wenzhou City and Chinese enterprises.Xi said Russia's Far East area and China's northern frontier provinces were important trading partners and should enhance bilateral cooperation.This would not only promote economic and social development and improve the livelihoods of people in the neighboring regions, but also inject powerful energy into the development of the bilateral strategic cooperative partnership between the two countries, he said.Xi arrived in Vladivostok on Saturday for a five-day official visit to Russia. He will later travel to Belarus, Finland and Sweden.
BEIJING, Feb. 27 (Xinhua) -- Chinese President Hu Jintao on Saturday sent a message of condolence to his Chilean counterpart Michelle Bachelet over the casualties and property losses caused by the powerful earthquake that struck Chile earlier in the day.Hu, on behalf of the Chinese government as well as in his own name, extended sincere condolences to Bachelet, the Chilean people and government as well as deep sympathies to the earthquake victims.Hu said China was ready to offer emergency relief assistant to Chile to help those affected by the earthquake through their difficulties.Hu said he was confident that under the leadership of the government, Chile would be able to overcome the catastrophe and reconstruct its homeland.A massive 8.8-magnitude earthquake rocked southern Chile early Saturday, killing at least 122 people, and Bachelet has declared a "state of catastrophe" in the country.
BEIJING, March 18 (Xinhua) -- China's government is set to order some central state-owned enterprises (SOEs) to quit real estate business as their land acquisitions are blamed for fuelling rise of urban housing prices, spokesman of the state assets watchdog Du Yuanquan said Thursday.The State-owned Assets Supervision and Administration Commission (SASAC) would require 78 centrally-administered SOEs, whose major business was not property development, to withdraw from the business, Du said in a SASAC press conference Thursday in Beijing.The SASAC gave no specific timetable for the withdrawal, but Du said it would require the 78 enterprises to step up business restructuring and gradually pull out of property development after all current real estate projects were finished.Housing prices in China's 70 large and medium-sized cities grew 10.7 percent in February from a year earlier, and were up 0.9 percent compared to the previous month, according to official figures.However, a total of 16 central SOEs, who have property development as major business, such as the China National Real Estate Development Group Corp. and the China Poly Group Corp., would continue in real estate, said Du.
来源:资阳报