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BEIJING, July 15 (Xinhua) -- Chinese shares continued Tuesday's rising momentum to hit a new high with Shanghai Composite Index closing at 3,188.55 on Wednesday, setting the highest close since June 2008 as coal, nonferrous metal and auto shares bolstered the rise.     The benchmark Shanghai Composite Index gained 1.38 percent, or 43.39 points, to 3,188.55.     The Shenzhen Component Index advanced 0.68 percent, or 88.19 points, to 13,079.26. Two investors talk at a stock trading hall in Guangzhou, capital of south China's Guangdong Province, July 15, 2009. The benchmark Shanghai Composite Index on the Shanghai bourse closed on Wednesday at 3,188 points, up 43 points, or 1.38 percent, from the previous close. The Shenzhen Component Index closed at 13,079 points, up 88.2 points, or 0.68 percent    Total turnover jumped to 333.4 billion yuan (48.81 billion U.S. dollars) from 280.53 billion yuan on the previous trading day.     Winners outnumbered losers by 537 to 302 in Shanghai and 427 to 304 in Shenzhen.     Coal shares led the gains in the afternoon trading session with Jingyuan Coal Industry and Electricity Power Company Co. Ltd. and Shenhuo Coal and Power Co. Ltd. reaching the daily limit of 10 percent to close at 18.43 yuan and 28.27 yuan, respectively.     Nonferrous metal shares gained as the industry forecasts a rebound in the second half of the year based on the recovery expectation of China's economy. Yuannan Copper Co. Ltd. and Jiaozuo Wanfang Aluminum Manufacturing rose by the daily limit of 10 percent to close at 24.68 yuan and 15.99 yuan, respectively.     Auto shares performed well as the Chinese government unveiled details on Tuesday night of a subsidy program for auto replacement, a fresh measure to stimulate private spending and curb pollution. Chang'an Auto rose 8.67 percent to 11.15 yuan, and Guizhou Tyre advanced 6.41 percent to 13.29 yuan.     Steel shares posted a widespread gain on the anticipation of increased demand from automobile, manufacturing and construction industries. Hangzhou Iron and Steel Co. Ltd. rose by the daily limit. Baosteel, the country's biggest steel maker, gained 1.46 percent to close at 8.36 yuan, setting its highest close in about a year. An old woman smiles in front of a share price screen at a stock trading hall in Shanghai, east China, July 15, 2009. The benchmark Shanghai Composite Index on the Shanghai bourse closed on Wednesday at 3,188 points, up 43 points, or 1.38 percent, from the previous close. The Shenzhen Component Index closed at 13,079 points, up 88.2 points, or 0.68 percent

BEIJING, May 31 (Xinhua) -- China will raise gasoline and diesel benchmark retail prices by 400 yuan (58.6 U.S. dollars) per tonne as of Monday, the National Development and Reform Commission(NDRC) announced Sunday.     The benchmark retail price for gasoline would increase by 7 percent and the price of diesel by 8 percent, said a statement on the NDRC website. It is the third oil price adjustment this year. On March 25, the NDRC, the country's top economic planner, lifted benchmark retail price of gasoline by 290 yuan per tonne and diesel by 180 yuan per tonne.     The increase was in response to the rising international crude prices under the country's the new fuel pricing mechanism, which took effect Jan. 1, according to the NDRC. China will raise gasoline and diesel benchmark retail prices by 400 yuan (58.6 U.S. dollars) per tonne as of Monday, the National Development and Reform Commission(NDRC) announced Sunday.    According to the new mechanism, China's domestic prices are to be "indirectly linked" to global crude prices "in a controlled manner." China would adjust domestic fuel prices when global crude prices reported a daily fluctuation band of more than 4 percent for 22 working days in a row.     NDRC pricing department official Xu Kuning has explained the "indirect link" as "based upon average global crude prices, while taking into account domestic production costs, taxation, and 'appropriate profits' of oil producers."     Crude prices have jumped 30 percent in May, the largest monthly rise since March 1999, boosted by expectations of a global economic recovery later this year.     Light, sweet crude for July delivery rose 1.23 dollars, or 1.9 percent, to settle at 66.31 dollars a barrel Friday on the New York Mercantile Exchange.     In Sunday's notice, the NDRC urged the two state-owned oil producers, PetroChina and Sinopec, to increase oil production to meet demand.     It also urged local pricing regulators to strengthen supervision over oil prices and crack down on any price violations.

BEIJING, May 21 (Xinhua) -- China's top political advisory body on Thursday urged its members to make more proposals on how the Communist Party and government can maintain the country's economic growth.     The statement was made at a meeting attended by the chairman and vice chairpersons of the National Committee of the Chinese People's Political Consultative Conference (CPPCC). Jia Qinglin (2nd R), chairman of the National Committee of the Chinese People's Political Consultative Conference, chairs the 15th chairpersons meeting of the 11th National Committee of the Chinese People's Political Consultative Conference in Beijing, May 21, 2009    The meeting, which was presided over by Jia Qinglin, the chairman, also decided that the Standing Committee of the 11th CPPCC National Committee will hold its sixth session from June 16 to 19.

TOKYO, June 7 (Xinhua) -- Japan and China vowed to promote cooperation on the topics of environment protection, technology trade and intellectual property rights (IPR) protection during their second high-level economic dialogue held here on Sunday. "China attaches great importance on saving the energy and protecting the ecology, while Japan has broad experience and advanced technologies on these areas," said Zhang Ping, chairman of China's National Development and Reform Commission, "So the two countries can achieve win-win results through close cooperation." Chinese Commerce Minister Chen Deming (4th L), Chairman of China's National Development and Reform Commission Zhang Ping (3rd L) and other Chinese officials hold a press conference in Tokyo, capital of Japan, on June 7, 2009. The officials were all members of a Chinese delegation which arrived here Saturday to attend the 2nd Sino-Japanese high-level economic dialogue    Zhang said in recent years China and Japan have already conducted active collaboration on energy and environment conservation. This has become a new highlight among the wide range of cooperation between the two countries and provided a new growing point for bilateral trade and economy.     He said more cooperation will be conducted on countermeasures of sandstorms, air pollution and treatment of garbage and sewage in small cities and towns.     The two sides also signed a contract to turn Shenyang, which used to be a heavy industrial city in China's northeast, into an environment conservation "sample city" through cooperation with Japan's Kawasaki of Kanagawa Prefecture, which is renowned for its recycling economy.     China and Japan also exchanged views on developing technology trade and small and medium-sized enterprises (SMEs) cooperation.     "Japanese SMEs are very mature in technology and Chinese SMEs are growing fast. They should have huge potential for cooperation to tap into the vast market both inside and outside China," according to Chinese Commerce Minister Chen Deming.     Chen said China will continue to promote overseas business of SMEs and hoped Japan can help facilitate the process by measures such as easing visa controls.     Chen and his Japanese counterpart, Toshihiro Nikai, minister of economy, trade and industry, also talked on strengthening 3G telecommunications network building, opening up source code software and software and IT service outsourcing, as well as the compulsory certification system for information security products that Chinese government planned to introduce.     They signed a memorandum and established for the first time a working group to protect intellectual property rights (IPR).     "The working group will focus on information sharing of laws and regulations with regards to IPR, as well as the experience in the law enforcement," Chen said.     "Japan is a very advanced country in terms of IPR protection and we believe there are many experiences that China can learn," he added.     He said through efforts in recent years China has established its own IPR protection system. "China, as a developing country, will face a lot of problems in the process of enforcement, but we will not shun such problems."     "China and Japan have a broad range of economic cooperation. We will use the working group mechanism to solve problems in respect of IPR protection," Chen said.     The memorandum signed by Chen and Nikai stipulates that the intellectual property working group meet once a year. Nikai asked that the working group convene its first meeting by the end of the year.     The one-day dialogue, co-chaired by Wang and Japanese Foreign Minister Hirofumi Nakasone, was attended by senior officials from the two countries.     The dialogue mechanism, first held in Beijing in December 2007, was jointly launched by Chinese Premier Wen Jiabao and then Japanese Prime Minister Shinzo Abe during Wen's trip to Japan in April 2007.