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BEIJING, June 21 (Xinhua) -- Chinese President Hu Jintao and Premier Wen Jiabao on Monday made directives urging rescuers to "exhaust all means possible" to save miners trapped in an exploded colliery in central Henan Province.A total of 72 miners were trapped after explosives went off at the powder magazine of the Xingdong No.2 Mine in Weidong District of Pingdingshan City at about 1:40 a.m. At least 46 people were reported dead.
BEIJING, Aug. 22 (Xinhua) -- Wuhan Iron and Steel Company Ltd., the listed subsidiary of China's third largest steel maker, said Sunday that its net profit rose 90.43 percent year on year to 963.53 million yuan (141.7 million U.S. dollars) during the first half of the year as strong economic growth boosted steel demand and prices.The company's first-half-year sales reached 34.36 billion yuan, up 50.72 percent from one year earlier, it said in a statement delivered to the Shanghai Stock Exchange.However, costs also climbed in the first six months compared with a year earlier because of increases in raw material prices, it said.Production costs for steel products gained 47.12 percent year on year to 31.18 billion yuan. Further, the company's steel output in the first half of the year gained 29.75 percent year on year to 8.04 million tonnes.China's producer price index, a major gauge of inflation at the wholesale level, rose 6 percent in the January-June period, according to statistics released by the National Bureau of Statistics.However, the company was likely to face a "difficult time" in the second half of 2010 and meeting its full-year profit target would become a "challenging task" as demand from auto, home appliance and real estate sectors experienced "drastic changes" since July, leading to more restrained sales and falling prices, it said.Company officials also worried that high prices of iron ore, coal and electricity would further push up production costs and squeeze profit margins.On Friday, the price of its shares fell 2.87 percent to 4.73 yuan on the Shanghai bourse.

MOSCOW, Aug 20 (Xinhua) -- Trade between China and Russia has returned to the fast track in 2010, as bilateral trade volume reached 30.7 billion U.S. dollars from January to July, Russian and Chinese officials said here Friday.That represented a 49.6-percent increase year-on-year, the officials said at the 13th meeting of the Russia-China inter-governmental trade commission, which was co-chaired by Russia's Economic Development Minister Elvira Nabiullina and her Chinese counterpart Chen Deming.Mutual investments also surged this year, as Chinese direct investment to Russia jumped 58.5 percent during the first half of 2010 and the Russian investment to China up 18.3 percent, they said.Russia is interested in continuing cooperation in such areas as electric power, nuclear energy, logistic infrastructure, Nabiullina said.Chen said Chinese companies are willing to increase investment in Russian enterprises and to take part in their infrastructure construction.He noted that China would take active measures to promote the import of Russian mechanical and electrical products, and also hopes that in return Russia will open its market to more Chinese cars.During the meeting, chambers of commerce and companies from the two countries inked several cooperation agreements.
BEIJING, Aug. 18 (Xinhua) -- China's Ministry of Housing and Urban-Rural Development said Wednesday that it has begun work on the reconstruction plan for the mudslide-flattened Zhouqu County in northwest China's Gansu Province.An inspection team would be sent to the disaster-ravaged areas to gather information for drawing up the reconstruction plan, the ministry said in a brief statement posted on its website.However, it did not elaborate on the reconstruction plan nor provide detailed information about the inspection team.On the same day, Chinese Vice Premier Hui Liangyu urged authorities to prepare for post-disaster reconstruction of the mudslide-hit regions.He said the responsible authorities must promptly send competent teams to the disaster sites to assess losses so reconstruction plans can be developed on the basis of these findings.The death toll from the massive mudslides in Zhouqu, beginning on Aug. 8, had risen to 1,287 as of 4 p.m. Wednesday, with 457 still missing, the local disaster relief headquarters said.
HANOI, July 21 (Xinhua) -- Chinese Foreign Minister Yang Jiechi on Wednesday urged East Asia Summit (EAS) to continue to serve as a platform for macro-level dialogue in the region.EAS, as a leaders-led forum, could be a forward-looking platform for countries in the region to explore ways to push for strong, continued and coordinated growth in the region, said Yang at the East Asia Summit Foreign Ministers' Informal Consultations.The consultations drew foreign ministers from ten ASEAN ( Association of Southeast Asian Nations) member states, China, Japan, South Korea, India, Australia, and New Zealand.Participants pose for group photos during the East Asia Summit Foreign Ministers s'Informal Consultations in Hanoi, capital of Vietnam, July 21, 2010 0EAS has served as a dialogue platform among different countries in the region on major issues in the past year, including the effect of the international financial crisis, said Yang.Yang said the world economy is recovering, however, the momentum needs to be further sustained. Countries in the region could make better use of the platform to achieve sound and fast growth.Yang said EAS has pushed forward cooperation on finance, disaster mitigation, trade, education and climate change in the region.Yang said China would intensify education cooperation with other EAS countries. In the coming five years, China will provide 400 more government scholarship each year to developing countries in the EAS framework.Yang also illustrated China's position on region architecture development at the meeting.Yang said the development of regional architecture is conducive to the peace, development, cooperation and prosperity of East Asia. Yang reaffirmed that ASEAN should maintain centrality in regional framework.ASEAN groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.
来源:资阳报