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BEIJING, Aug 5(Xinhunet) -- China's machinery industry has rebounded during the first half of this year, but the momentum is likely to slow as the country's economy cools.The machinery industry has grown by 37 percent during the first six months of 2010, with a total output value of 6.59 trillion yuan, according to the China Machinery Industry Federation, a quasi-governmental institution that oversees growth of China's machinery sector.The machinery industry, which has benefited from the government's 4 trillion yuan investment spending spree, enjoyed expansion in large-scale construction projects over the last year. The construction machinery sector reported 54 percent growth during the first half of this year, according to the federation.The strong growth of the industry is based on preliminary statements by several listed machinery companies submitted to the stock exchange.Shanghai-listed Zoomlion Heavy Industry Science and Technology Development Co, which is also planning to launch a listing in Hong Kong, predicted its profit would grow by 50 percent to 100 percent over the first half this year.Sany Heavy Industry Co is also expected to record 85 percent growth this year, according to Ping An Securities. The maker has already reported a growth rate of 170 percent in profit during the first quarter of this year.However, not all machinery industry sectors are reporting the same momentum as domestic demand has decreased this year. New orders in power generation equipment, transmission and substation equipment as well as heavy machinery, have rolled back this year."It is unlikely to see significant growth in the output of power equipment this year and it will probably stand around 117 million kW since the base figure is already huge," according to Cai Weici, vice-president of the federation, adding that China's output of power equipment already makes up half of the world's total."There is also less demand for heavy machinery used in steel production because the industry is eliminating outdated productivity, thus reducing market demand," Cai said.Fixed-assets investment in the machinery industry which has maintained a growth rate of over 40 percent since 2004 slowed down by 27 percent to 79.8 billion yuan, signaling less reserved strength for further growth.In term of exports, the machinery industry will be exposed to several uncertain factors including a more flexible yuan exchange rate as well as rising labor and raw material costs.The federation forecasts the industry's growth rate will be 20 percent in 2010.

LHASA, June 9 (Xinhua) - The 11th Panchen Lama urged students in Lhasa to study hard on Wednesday during a roundtable held at the University of Tibet, an initiative the 20-year-old Tibetan Buddhism leader proposed during his visit to Tibet."Life is too short. So you should seize every opportunity to study, to learn knowledge, and then you will succeed," the bespectacled, maroon-robed Panchen Lama said while speaking before nearly one hundred students in the university's assembly hall. The 11th Panchen Lama (C) is welcomed by Professor Ceyang (L) of Tibet University in Lhasa, capital of southwest China's Tibet Autonomous Region, June 9, 2010. The 11th Panchen Lama visited Tibet University and Tibet College of Tibetan Medicine in Lhasa on Wednesday."A man without knowledge is a man without soul," he said. "The more knowledge you acquire, the more you will know there is still a lot to learn."The 11th Panchen Lama, who was enthroned as the reincarnation of the 10th Panchen Lama in 1995, said he has been studying hard to learn Buddhism and other subjects since he was six.

BEIJING, Aug. 25 (Xinhua) -- China will work with France to expand bilateral cooperation and advance economic and trade links, said China's top legislator Wu Bangguo Wednesday.Wu, chairman of the Standing Committee of the National People's Congress (NPC), made the remarks in a meeting in Beijing with a delegation of the France-China friendship group of French parliament.Wu said the promotion of ties between China and France, both influential nations, accorded with the fundamental interests of the two peoples and would help world peace and development.China valued relations with France, and would work to strengthen mutual political trust and promote bilateral economic cooperation with a view to keeping China-France ties at the forefront of ties between China and Western nations, Wu said.8 The NPC, China's legislative body, would expand exchanges and cooperation with the French parliament to help push forward state-to-state relations, he said.The French delegation, led by chairman of the friendship group Michel Herbillon and Senate Chairman Jean Besson, are visiting China at the invitation of the NPC.They said they would contribute to relations between the two parliaments and the two nations.

BEIJING, Aug. 17 (Xinhua) -- Chinese President Hu Jintao and his Russian counterpart Dmitry Medvedev discussed disasters and bilateral relations during a telephone conversation Tuesday.Medvedev conveyed his heartfelt condolences to China over its worst mudslides in decades and the great loss of life and property, expressing belief the Chinese government and people would overcome all difficulties and prevail over the disaster.He hoped the people injured would make a quick recovery and the mudslides-hit area would rebuild soon, noting that Russia was willing to provide assistance and support for China.Hu said the Chinese government had reacted immediately to the disaster in Zhouqu County of China's Gansu Province and was fully focused on the rescue and relief operations.Safeguarding the safety of civilians was the Chinese government's top priority and it had tried its best to rescue the people stricken by the Aug. 8 mudslides, which have left 1,254 people killed and 490 others missing so far, he said.Currently, relocation of the people affected, rescue and treatment of the injured, epidemic prevention, and reconstruction of infrastructure were underway in an urgent but orderly manner, he said.Hu also expressed China's appreciation of the Russian government and people after President Medvedev and Prime Minister Vladimir Putin had been quick to send their condolences and offered help, respectively.China was also greatly concerned by Russia's deadly wildfires and identified with Russia over its great loss of life and property, said the Chinese president, adding that China had offered assistance.Under the staunch leadership of the Russian government, the Russian people did their best to fight the wildfire and effectively safeguarded the safety of its people and property, said Hu, who once again sent condolences to Russia on behalf of the Chinese government and people.

BEIJING, Aug. 15 (Xinhua) -- Overseas Chinese have held memorial meetings and other mourning activities recently to remember the victims of a massive mudslide in northwest China that killed at least 1,248 people.During a mourning ceremony on Sunday at a Chinese-language school in Christchurch, New Zealand, overseas Chinese nationals and students observed three minutes' silence for the victims and placed candles in the shape of a heart.Participants then made donations to the mudslide-hit areas, saying they were deeply concerned about those affected by the disaster.On the same day, some overseas Chinese and employees of Chinese companies and institutions in Serbia suspended entertainment activities voluntarily to express their condolences for the victims.In Jordan, people from various walks of life and overseas Chinese residing in the country have offered their sympathy and condolences.Overseas Chinese in Cambodia have called the Chinese embassy to express condolences, saying they are ready to donate for the reconstruction of the mudslide-hit region.The death toll from the Aug. 8 massive mudslide in Zhouqu county, northwest China's Gansu province, has risen to 1,248, with 496 still missing, local disaster relief headquarters said.China is observing a day of national mourning on Sunday, with national flags flying at half mast and all public entertainment activities suspended.