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BEIJING, Aug. 1 (Xinhua) -- China's crude steel output would surely top 500 million tonnes this year, said Luo Bingsheng, vice chairman of China Iron and Steel Association (CISA) on Saturday. In the first half, China produce 266.58 million tonnes of crude steel, up 1.23 percent over the same period last year. In June alone, the daily output was about 1.65 million tonnes on average. Compared with an increasing production capacity, the country's steel enterprises saw declining profits and revenues in the first six months amid low steel prices resulted from weaken market demands. According to statistics covered 71 of China's large-scale steel producers, total business revenue of them dropped 28.07 percent year on year to 955 billion yuan (139.82 billion U.S. dollars) in the first half. Profit decreased by 98.32 percent to 1.73 billion yuan. China produced 500 million tonnes of crude steel last year, accounting for 38 percent of the world total production volume.
BEIJING, Sept. 1 (Xinhua) -- Chinese Premier Wen Jiabao said here Tuesday China would not change the orientation of its stimulating economic policy as the country is at a critical stage in the recovery of the economy. Wen said, when meeting with World Bank President Robert Zoellick, that China's government would continue to pursue proactive fiscal and moderately easy monetary policies. "We will not change the orientation of our policy," Wen said. Wen said China would fully implement and continue to enhance and perfect policy in response to the international financial crisis to achieve the goals of economic and social development. Chinese Premier Wen Jiabao (R) meets with World Bank President Robert Zoellick in Beijing on Sept. 1, 2009. China's economy grew 7.1 percent in the first half of this year and 7.9 percent in the second quarter, reversing a declining trend in the previous seven quarters. World Bank President Zoellick said earlier China's economic recovery might be better than expected. In the first seven months of this year, China has seen a robust growth of domestic demand as consumption surged 15.2 percent year on year and investment 32.9 percent. The Ministry of Commerce predicts China's exports will slow their decline or even grow on a monthly basis. "The macro-economic policy and measures that China adopted in response to the international financial crisis have been proved inconformity with reality, prompt, forceful and effective," Wen said. Wen said the world economy was now showing signs of stabilizing, but an all-round recovery would be a slow, difficult and complicated process. It would require long-term, concerted efforts by every country in the world in strengthening dialogue, coordinating policy and deepening cooperation. Wen said imbalances in the global economy were rooted in disparity in development. He urged the international community to pay special attention to difficulties faced by developing countries, especially the least developed ones. He said the gap should be lessened by increasing aid, writing off debts, opening markets and transferring technology. Wen said China was ready to strengthen cooperation with the World Bank and make new contributions to achieving the UN Millennium Goals and sustainable development of the world. This is the third time Zoellick has visited China since becoming World Bank President. Following his arrival Monday afternoon, Zoellick exchanged views on the major topics of his agenda in Beijing, the international financial crisis and climate change, with Chinese officials. Besides Beijing, Zoellick will visit Anhui province in east China. Zoellick said the World Bank was willing to develop cooperation with China in areas such as international development aid, reform of international financial organizations and climate change.
BEIJING, Aug. 5 -- Chinese steel mills would prefer to import more iron ore from Brazil rather than Australia after the detention of four Shanghai-based employees of multinational miner Rio Tinto on charges of commercial espionage, according to data specialist ASXMarine. Spot iron ore vessel bookings from Brazil to China surged to a record 39 in July, from 24 in the previous month, Reuters quoted the data from ASXMarine. Vessel bookings from Australia's main iron ore ports to China dropped to 31, down from 40 compared to the previous month and the lowest reading since February after the Rio Tinto scandal. Photo taken on July 9, 2009 shows the Rio Tinto Ltd. Office in Shanghai, east China. Chinese steelmakers have begun to hold their imports from Australian miners and are switching to Brazilian ore instead, domestic ports have witnessed. Zang Dongsheng, deputy general manger of Rizhao Port Group, China's largest iron ore port which accounts for a fifth of the country's iron ore deliveries, said some of his customers have reduced their orders from Australia and turned to Brazil. But the exact figures would be available only in September as shipments from Brazil and Australia would be delayed by one or two months. China's main ports received 56.5 million tons of iron ore in July, up 35 percent from the same period last year, the Ministry of Transport said yesterday. Iron ore imports rose 29.3 percent year on year, to 297 million tons, in the first half of this year, while traders imported 131 million tons, up 90.4 percent from last year. The China Iron and Steel Association (CISA) said last Friday that excess iron ore imports had distorted the demand-supply situation and hampered its position at negotiations with global miners on new long-term benchmark prices. It also said foreign iron ore suppliers promoted massive selling on the cash market, leading to huge stockpiles and urged to limit import licenses. However, the iron ore import figures in July reflected orders in May as it takes more than a month to deliver ore from Australia and Brazil, said Zang from Rizhao port. Chinese steel mills started to reduce orders ever since CISA rejected the 33-percent cut offered by miners in May and held out for more discount, he said. China News Service reported yesterday that CISA halted talks because iron ore spot prices have been "seriously distorted", citing a statement issued by the association. However, no such statement could be found on the association's website, and its official surnamed Wang said the report was not true and talks were ongoing.
BEIJING, Oct.17 (Xinhua) -- China's civil aviation industry made profits of 9.1 billion yuan (about 1.33 billions U.S. dollars) in the first nine months of 2009, despite the punch by the financial crisis on the world's civil aviation industry, said the Civil Aviation Administration of China (CAAC) on Saturday. Domestic air passenger traffic volume grew by 23.6 percent from a year earlier in first nine months of this year. Performance of small airports, those that handle less than 1 million passengers annually, were most inspiring, said Li Jiaxiang, director with the CAAC, at the 2009 China International General Aviation Convention held in northwest China's Shaanxi Province on Saturday. Li said that passenger volume of small airports grew 26.7 percent year on year to 14.87 million in the first half. He contributed the vibrant performance of small airports and regional air routes to the more balanced economic development of China's different regions in recent years, which was the result of the country's strategies to develop the relatively poor western and central regions and to revive the old industrial base in northeastern regions. Besides, the fact that Chinese people are becoming richer and CAAC's policies carried out last year to subsidize small and medium-sized airports and regional air routes also helped the passenger volume rise of small airports, said Li. By the end of 2008, China had 116 small airports, accounting for 73 percent of the total number of the country's airports.
BEIJING, Oct.3 (Xinhua) -- The luminous full moon is always faithful to be there when Mid-Autumn Day falls, but Chinese people are going beyond their home and tradition to observe the festival that boasts a history of thousands of years. Wang Jiayue, 26, celebrated the festival Saturday with her family at a lakeside resort that was 70 kilometers away from her home in Wuhan, central China's Hubei Province. The luminous full moon shines at night when all Chinese around the globe celebrate their traditional Mid-Autumn Day which falls on October 3 this year."We ate moon cakes while drifting on the tranquil lake glistening with the silver moonlight. That was a perfect place to enjoy the moon," she said. Traditionally, Mid-Autumn Day, as a festival for family reunion like the Spring Festival, is always observed at home, eating moon cakes, but in recent years, creative young people are going to various places in a hope to make the holiday a poetic, romantic and more joyous occasion, partly thanks to the government's decision to make the festival a public holiday. Tourists dance with local people of the Miao ethnic group at Goutan Village in Rongshui County, southwest China's Guangxi Zhuang Autonomous Region, Oct. 3, 2009. Plentiful tourism items in many scenic spots around China attracted many tourists from at home and abroad during the National Day holidayMore than 10,000 travelers Saturday gathered at Tianshan Grand Canyon, 40 km from Urumqi, capital of Xinjiang Uygur Autonomous Region, where they rode horses by the canyon's serene Swan Lake in the day and climbed onto the mountain to gain a closer view of the bright moon at night. "I enjoyed very much the day when we looked at the golden grassland surrounded by numerous mountains, and it seemed that we were also having a day of the idyllic life of local Kazkhstan herdsmen," said Wang Jianfeng, a tourist. "And it is so peaceful sitting here to wait for the night to fall and the moon to shine," he added. Visitors take photographs in front of a large-sized flower pot on the Tian'anmen Square in central Beijing, capital of China, on Oct. 3, 2009. Visitors from across the country took a tour here on Saturday during the National Day holidays, the 60th anniversary of the founding of the People's Republic of China.Many people in east Fujian Province chose to spend the day in Taiwan. Xiamen Travel Agency in Xiamen City alone organized more than 50 tourist groups to Taiwan for the holiday. In Fuzhou, the provincial capital, about 40 percent of the group tours were Taiwan-bounded. The Sun and Moon Lake in Taiwan was a good place to enjoy the full moon, said Jia Ronglin, general manager of Fujian Tourism Company. Tourists are seen on the Huaguoshan Hill, a famous scenic area in Lianyungang, a city in east China's Jiangsu Province, Oct. 3, 2009. Plentiful tourism items in many scenic spots around China attracted many tourists from at home and abroad during the National Day holiday.EAT, OR NOT TO EAT Young people are showing little appetite to moon cakes, a must on the Mid-Autumn Day menu. To cater to this group of picky consumers, bakeries, have in recent years introduced diversified-flavor, and usually expensive, moon cakes. "Actually few young people like moon cakes, but, anyhow, we have to have some as it is a day for that," said Zhang Chao, a young man in Hohhot, capital of northern Inner Mongolia Autonomous Region. He was buying moon cakes at a supermarket. "So, I prefer small moon cakes. Larger ones or those with delicate packing are too much for me," says Zhang. For some, they would rather give uneatable "cakes" to their friends. E-moon cakes are becoming popular among Chinese Internet users. "Such a moon cake carries as much affection as the traditional edible cakes to my friends, as I have made it with my own hand," said Wang Yue, a student at Shandong University in east China's Jinan City. An e-moon cake also requires a process of stuffing, baking and packing, but those are done with clicks of the mouse. There are still people, however, who keep their faith to the traditional flavor of the festival food. Every day since mid September, Li Shifu has been seeing long queues in front of his bakery in Hohhot. People queued to wait for Li's moon cakes, which they said were simple but delicious. Li, his wife and three employees have been busy making moon cakes for more than half a month, and sometimes they can not rest until midnight.