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ZHOUQU, Gansu, Aug. 27 (Xinhua) -- Authorities are set to drain stagnant water by the end of the month which continues to submerge part of a remote mountainous town in northwest China's Gansu Province. This comes three weeks after a devastating mudslide left more than 1,700 people dead or missing, a senior military official said Friday.For weeks, soldiers and work crews have been using explosives and excavators to remove the massive debris and rocks that were swept down by the mudslide into the waterway and formed a barrier lake, flooding the riverside areas of Chengguan Township, Zhouqu County.People's Liberation Army Deputy Chief of Staff Zhang Qinsheng, who also serves as the deputy head of the work group for Zhouqu relief under the State Council, announced Friday that the deadline for removing stagnant water is 12 p.m. August 30, and rescue crews are working hard to meet the deadline.Experts have warned that the stagnant water -- at some point rising high enough to completely submerge a street light pole -- would rot the foundations of 80 flooded buildings and caused them to collapse. The water also posed a serious threat to public health, as it was an easy breeding ground for mosquitoes and bacteria.Meanwhile, the government of Zhouqu on Friday ordered the sludge-covered area of the mudslide to be sealed off for both safety and health reasons.This came five days after authorities banned the recovery of bodies in the hard-hit area -- about five kilometers long and 300 to 500 meters wide, at the foot of Sanyanyu Mountain.An avalanche of rocks and mud roared down the Sanyanyu mountain slope at midnight on Aug. 7, leaving 1,456 dead and 309 missing as of Aug. 27. The bodies of the missing, along with an undetermined number of animals, were believed to be buried under the meters-deep sludge.Soldiers have dug a water channel in the sludge-covered area to direct waters into the Bailong River. The mud and debris were carried away and dumped at farmlands outside the town properof Zhouqu. However, they might be stopped from continuing and leave the devastated hard-hit area untouched. Authorities are looking for new areas to settle homeless residents who are now housed in disaster relief tents."No dumping sites can be found for the sludge if the clearing efforts continue. Also, the site sits in an area where mudslides frequently occur. It is not suitable for reconstruction," said a directive issued by the Zhouqu county government. Before the disaster, the county seat, hit by the mudslide, had about 45,000 residents. Nearly half of them lost their homes in the disaster.

WASHINGTON, Oct. 6 (Xinhua) -- China's growth is projected to average 10.5 percent in 2010 and 9.6 percent in 2011, driven by domestic demand, the International Monetary Fund (IMF) said in a report Wednesday.The Washington-based international lending agency made the projection for the annual fall meetings this weekend of the 187-nation IMF and its sister lending organization, the World Bank."The slight moderation in recent activity is expected to continue through 2011 in light of tighter quantitative limits on credit growth, measures to cool off the property market and limit bank exposure to this, and the planned unwinding of fiscal stimulus in 2011," the IMF said in its report.The report said this year's sustained growth in retail sales and industrial production confirms that private sector activity has advanced beyond the lift from government stimulus."On average over 2010-11, private domestic demand is poised to contribute two-thirds of near term growth, and government activity about one third, whereas the contribution from net exports will be close to zero," the report said.Despite the robustness in domestic demand, the pickup in inflation in 2010 reflected mainly higher food prices rather than core inflation, the report said.The report said China's increasingly wide trading network is driving growth in numerous economies, especially commodity exporters.The report said Asia's medium-term growth depends on the rebalancing of drivers of growth -- greater reliance should be put on domestic markets instead of foreign demand.The report said such a rebalancing in China, the world's second largest economy, is critical to enhance the role of household consumption in domestic growth.The report also recommended that China implement reforms to health care, education, and pension systems to enhance the social safety net.

BEIJING, Aug. 28 (Xinhua) -- China's restrictions on rare earth industry will assist in protecting the environment, Chinese Commerce Minister Chen Deming said here Saturday."Mass-extraction of rare earth will cause great damage to the environment, that's why China has tightened controls over rare earth production, exploration and trade, " Chen told media during the third China-Japan high-level economic dialogue.He said what China had done was also consistent with the rules of the World Trade Organization.China is the largest producer of rare earth elements, which are used in hybrid car motors, computer hardware and components for high-tech products.Chen said the restriction policy would also have an adverse impact on the Chinese market, where parts for Japanese products were assembled.He stressed that in order to protect the country's environment, China had no choice but to take such measures.During the dialogue, Chen also called on Japan to ease high technology export controls to China and simplify visa procedures for Chinese business people.Japan had expressed concerns over China's export of mineral resources, independent innovation systems and information security policies during the meetings.Chen said, through the dialogue, that the two sides had enhanced communications and increased mutual understanding over these issues.

BEIJING, Oct. 2 (Xinhua) -- The number of passengers traveling on China's railway set a new daily record on Oct.1 driven by holiday makers and improved rail transport capacity, railway authorities said Saturday.Daily railway passenger traffic on Friday hit 8.3 million riders, up 19.8 percent year on year and overtaking the daily record of 7.1 million set on May 1 during the Labor Day holiday, the Ministry of Railways (MOR) said.Friday's figure also outnumbered the previous day by 1.8 million, the MOR said.Over the past four days more than 24 million people in China chose to travel by train, which is 10.3 percent higher than the figure during the same period last year, said the ministry.Thanks to China's increased transport capacity, stemming partially from high-speed railway construction, railway authorities managed to meet the travel demands of holiday makers, which are dominated by travelers and those who were returning home.China's weeklong National Day holiday begins on Friday.China has 7,055 kilometers of high-speed railway in service, which is the world's longest, said He Huawu, chief engineer of the MOR.By 2012, China will have a railway network of 110,000 kilometers, 13,000 kilometers of which will be high-speed rail, according to the MOR.

BEIJING, Nov. 8 (Xinhua) -- Chinese stocks rose for a third straight trading day Monday with the benchmark Shanghai Composite Index closing up 0.96 percent, or 30.01 points, at 3,159.51.The Shenzhen Component Index gained 0.54 percent, or 73.94 points, to finish at 13,807.3.Combined turnover declined to 453.1 billion yuan (68 billion U.S. dollars) from 459.17 billion yuan the previous trading day.Gainers outnumbered losers 743 to 132 in Shanghai and 950 to 140 in Shenzhen.Agricultural shares led the gains with a 5.39 percent rise amid increased inflation expectations and surging farm product prices.Some economists believe China's consumer price index (CPI), the main gauge of inflation, jumped 4 percent year on year in October.Yasheng Industrial Group, Yongan Forestry Group and Fengle Seed Company all rose by the daily limit of 10 percent, ending at 6.47 yuan, 12.84 yuan and 20.77 yuan, respectively.Local stocks in Shanghai continued their surge after Walt Disney Co. inked a deal Friday for its long-awaited theme park in the city.Shanghai Lujiazui Finance and Trade Zone Development Co., Ltd rose 4.8 percent to 22.7 yuan while Shanghai Pudong Road and Bridge Construction Co. Ltd. gained 3.08 percent to finish at 20.43 yuan.Yu Wei, an analyst at Shiji Investment, said more "hot money" will flow into Chinese capital markets because of the U.S. Federal Reserve's second round of quantitative easing, QE2."As the government works on controlling inflation and the property market, the A-share market will be the most attractive place for 'hot money' inflows," he said.