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BEIJING, Aug. 29 (Xinhua) -- Shanghai Pudong Development (SPD) Bank said its first-half-year net profit rose 33.92 percent from one year earlier due largely to lending boom and increased commission fees.Net profits climbed to 9.08 billion yuan (1.34 billion U.S. dollars) in the first six months of this year, the Shanghai-based lender said in a statement filed with the Shanghai Stock Exchange late Sunday.Its growth in profits stemmed from rising operating revenues, a result of growing net interest earnings, increased fee incomes and the improved quality of assets, according to the statement.Earnings per share stood at 0.791 yuan, up 20.21 percent from one year earlier. Also, operating revenues grew 36.42 percent to 22.75 billion yuan in the first half of 2010, it said.Total assets for the commercial bank hit 1.781 trillion yuan by the end of June, up 9.77 percent from the end of 2009.

BEIJING, Oct. 14 (Xinhua) -- Chinese Vice Premier Wang Qishan on Thursday called for efforts from both sides to safeguard the relations between China and the United States."The two nations should further enhance understanding and mutual trust to avoid politicizing economic and trade issues," Wang said when meeting Madeleine Albright, former U.S. secretary of state.During their meeting at Zhongnanhai in downtown Beijing, Wang said Sino-U.S. relations were "moving forward through difficulties."Economic and trade cooperation between the two sides were expanding and the interaction between Chinese and U.S. enterprises and markets intensifying, Wang said."China will not change its policy of opening-up and the investment environment will also be improved," he said, asking foreign entrepreneurs to be confident and patient.Albright said a sound U.S.-China relationship was critical to the world economy.

TAIYUAN, Sept. 16 (Xinhua) -- China will flex its muscles to boost the low-carbon economy and green industry, in a bid to help upgrade the development mode of exports, said a senior government official Thursday.Gao Hucheng, Vice Minister of Commerce, said at an energy forum in Taiyuan, capital of Shanxi Province, that China has risen to become one of the world's largest exporters, though it is not a strong exporter yet, remaining at the low end of the global value chain.China's exports leaped in recent decades, mainly dependent upon low labor costs and sales of energy and resources.Further, China needs to put more efforts into producing high-end products and improving their quality through low-carbon and green technologies to expand the share of green products in exports, he said.The global financial crisis hurt the world economy and promoted nations to look to green industry for new growth, he said, and adding strategic new industries could be "a new growth point" for China's foreign trade.China would encourage major products, technologies and services in new energy and energy-saving sectors to tap the global market and support enterprises to invest abroad, Gao said, without giving details.Further, he said there was "no land boundary" in terms of low-carbon and green technology and expected international cooperation in this field.China was opposed to protectionist measures in any form, he added.

BEIJING, Sept. 4 (Xinhua) -- Chinese Vice Premier Li Keqiang has pledged China would work with the international community to promote the sustainable growth of the oceans.Li made the remarks Friday when meeting with representatives to the 33rd Pacem in Maribus (Latin for Peace in the Oceans) Conference, which was held in Beijing Friday and Saturday.Li said China would attach great importance to conservation on the marine ecosystems in the process of exploiting marine resources, and actively develop the green marine economy.China would also improve the oceans' capability of preventing and reducing disasters, and comprehensively take part in international marine affairs, he noted.Patricia O'Brien, Under-Secretary-General for Legal Affairs and United Nations Legal Counsel, Awni Behnam, president of International Ocean Institute, Wendy Watson-Wright, Executive Secretary of the Intergovernmental Oceanographic Commission, and other marine scientists attended Friday's meeting with Vice Premier Li.They said that the international community should work together to cope with climate change and promote a sustainable development.Entitled "Oceans, Climate Change and Sustainable Development: Challenges to Oceans and Coastal Cities," the PIM conference has drawn 266 representatives from 30 countries and 12 international organizations.

BEIJING, Sept. 17 (Xinhua) -- Typhoon Fanapi is likely to land on the east coast of Taiwan on Sunday, said China's National Marine Environmental Forecasting Center (NMEFC) in Beijing Friday.The center of the year' s 11th typhoon was about 700 km southeast from Hualien, in Taiwan, said a statement from the center.It was moving northwest towards Hualien and increasing in strength, the statement noted.The administration has issued a warning regarding huge waves which might strike off the Hualien coast, it said.On Sunday, the southern East China Sea might also produce waves of 4 to 6 meters high and waves in the Taiwan Strait might rise to 3 to 4 meters.Guangdong, Fujian and Zhejiang provinces along the mainland's southeast coast would also be affected by the typhoon, the statement said.The statement warned all fishing boats in the region to take necessary precautions.The fishing season began in the East China Sea in mid-September and a large number of vessels are in the area.Additionally, Typhoon Fanapi could continue moving west after landing on Taiwan and strike Fujian and Guangdong, the statement said.Also on Friday, the Ministry of Civil Affairs launched an early-warning for disaster relief responses aimed at the typhoon's possible damages to the southeastern coastal areas.The ministry and the National Committee for Disaster Reduction instructed local governments to carefully keep track of the typhoon's movement and the changes in weather, and strengthen prevention measures for geological disasters and flooding in urban areas.Local governments were also urged to evacuate residents in high-risk areas while providing for their basic living necessities.