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HONG KONG, Aug.12 (Xinhua) -- Hong Kong stocks slipped nearly 190 points Thursday as heavyweight HSBC dropped 1.84 percent.The benchmark Hang Seng Index dropped 188.83 points, or 0.89 percent, to close at 21,105.71 points, after trading between a day high of 21,124.98 points and a day low of 20,926.48 points.Turnover totaled 67.83 billion HK dollars (8.73 billion US dollars), compared with Wednesday's 61.36 billion HK dollars.The H-Share Index dropped 140.61 points, or 1.2 percent, to end at 11,597.02 points.Banking giant HSBC edged down 1.84 percent to close at 80 HK dollars, after a plunge occurred on Wall Street overnight for concerns on global economy.China Mobile, China's dominant mobile carrier, moved up 2.44 percent, to end at 84.1 HK dollars.Major mainland lenders dipped. ICBC, China's largest bank by market value, dropped 1.04 percent to close at 5.69 HK dollars; CCB, the country's second largest lender by market capitalization, edged down 0.61 percent to close at 6.5 HK dollars; BOC, one of the "big four?", edged down 1.23 percent to 4.02 HK dollars.China Life, one of the world's largest life insurers by market value, dipped 0.74 percent to end at 33.6 HK dollars.Major oil producers on Chinese mainland also declined, with PetroChina, the country's largest oil and gas producer and Sinopec, China's top refiner, down 1.37 percent and 0.65 percent respectively.Bank of Asia, one of the largest local bank in Hong Kong, reported its half-year result by midday, with net profit up over 70 percent, much higher than market's expectation. The company's shares surged 2.61 percent to end at 31.5 HK dollars.

BEIJING, Aug. 23 (Xinhuanet) --Traffic authorities were still struggling to cope with days-long congestion on a major national expressway, nine days after traffic slowed to a snail's pace, and nearby residents are profiting on the latest traffic snarl by overcharging drivers for food.Since August 14, thousands of Beijing-bound trucks have jammed the expressway again, and traffic has stretched for more than 100 kilometers between Beijing and Huai'an in Heibei Province, and Jining in Inner Mongolia Autonomous Region, China National Radio (CNR) reported Sunday.Small traffic accidents or broken-down cars are aggravating the jam, the report said."Insufficient traffic capacity on the National Expressway 110 caused by maintenance construction since August 19 is the major cause of the congestion," a publicity officer with the Beijing Traffic Management Bureau, told the Global Times on condition of anonymity Sunday.Under current traffic regulations, the National Expressway 110 (G110), heading northwest from Beijing to Zhangjiakou in Hebei Province, and then heading directly west, is available to trucks with a carrying capacity of eight tons and above. The road suffered serious damage due to the greater volume of heavy trucks.This month there have been more trucks carrying excessive coal or fruit, but the Beijing section of the Beijing-Tibet Expressway is available only to trucks with a weight of less than four tons.The congestion is expected to last for almost a month, since the construction is due for completion September 13.Traffic congestion and road safety have become major concerns for Chinese motorists.For drivers, suffering the congestion on the Beijing-Tibet Expressway is nothing new. In a similar scene this July, traffic was also reduced to a crawl for nearly one month.Some killed time by playing cards, while some could only wait idly by.In the latest bout of congestion on the Huai'an section, a truck driver surnamed Huang, told the Global Times that he suffered "double blows.""Instant noodles are sold at four times the original price while I wait in the congestion," he said.

BEIJING, June 25 (Xinhua) -- Since the first Group of 20 (G20) Summit in November 2008, the attention China has been getting has shifted from that of a turn-round-to, to that of a look-up-to, analysts said.Two years ago, almost all developed economies turned round to look at what actions China took to cope with the financial crisis. Now in the midst of a uneven global recovery, China has become one being looked up to by developing and developed economies for its leading if not exemplary roles.As the curtain is about to rise at the upcoming fourth G20 summit in Toronto, Canada, China and the crucial roles she is playing once again draws the world's attention.A STEADY STABILIZER IN GLOBAL DEVELOPMENTPrior to the first G20 summit, China has since been managing to sustain a rather fast growth rate while taking an active part in orchestrating with other economies, developed and developing alike, to push for a global recovery through reformed and renewed financial and economic mechanisms.Despite the fact it is still a developing country itself, China alone has contributed toward half of the global GNP growth in the time of crises.Amidst downslides of the United States, eurozone and Japan, China not only curbed the domino ripple in the country with a bolder-than-predicted stimulus package but also succeeded in effecting a lead in the recovery.It is its early lead off the blocks that is now being more than looked at by others.Canadian Prime Minister Stephen Harper, soon to host the fourth G20 Summit, has described what China has done as a contribution to the global recovery and a great assistance to the international community in its crisis management.Takashi Sekiyama, a senior researcher from Japan's Meiji University and with the Tokyo Consortium, has rated China's contribution to the global economic development during this hard period as the "biggest."

NANCHANG, July 31 (Xinhua) - More cities, counties and townships in China have implemented community correction programs instead of imprisoning not-serious offenders, according to a statement released Friday after a meeting held by the Ministry of Justice in eastern China' s Jiangxi Province.In the first half of 2010, the community correction programs were implemented in four more prefecture-level cities, 84 more counties and city districts, and 2,858 more townships and urban communities, it said.That means the programs are now in 222 prefecture-level cities, 1,420 counties and city districts, and 17,981 townships and urban communities.Further, ten provinces and municipalities, including Beijing and Shanghai, have the programs in all their townships and urban communities.About 486,000 offenders have been committed to community correction programs nationwide, up from 350,000 at the end of 2009.Only 0.2 percent of them committed offences again while they were attending the correction program, the statement said.

BEIJING, July 12 (Xinhua) -- Thousands of Chinese have joined a heated discussion about new rules that are designed to curb corruption and increase transparency about the assets of government officials.A regulation that took effect Sunday extends the list declarable assets for officials and introduces dismissal as the maximum penalty for failing to report assets honestly and promptly.The regulation adds six more items to the list of declarable assets issued in 2006, bringing the total to 14. The new items include incomes from sources like lecturing, painting and calligraphy; homes owned by spouses and children; and equities and investments owned by officials, their spouses and children.A FIRM STEPThe new rules have struck a public chord and almost 50,000 people had left comments on China's two biggest Internet portal websites on Monday. Thousands more were joining the discussion on other news sites and discussion forums.More than 36,500 people had made online comments on a news entry about the regulation on leading portal Sohu.com as of 1:30 p.m., and more than 11,000 comments on an entry at Sina.com.cn.Most of the published postings welcomed the new rules, but some said they should go further."The fight against corruption has a long way to go, but I am really glad to see each firm step taken by the central authorities," said a posting from Shanghai on Sina."We want to see more detailed provisions and harsher punishments in the rule," said a post by "Shihuiwen 197" on Sohu.The regulation was issued by the General Office of China's State Council and the General Office of the Communist Party of China (CPC) Central Committee.It requires officials at deputy county chief level and above to annually report their assets, marital status and whereabouts and employment of family members.It also empowers local provincial level CPC committees and governments to expand the regulations to officials below deputy county chief level.A CPC statement said Monday that most village or town chief level officials are prone to power-for-money transactions and corrupt actions as they are dealing with practical issues involving personnel, finance and materials.But as there are a large number of them, requiring all of them to report personal information will require much work and high costs, said the statement jointly issued by the CPC Central Commission for Discipline Inspection (CCDI) and the CPC Central Committee's Organization Department.So the central authority left the decision to local governments to decide based upon their own conditions, it said.New requirements for officials to report homes and investments reflected the need to change disciplinary structures in line with changing social and economic values, said Professor Liu Chun, deputy dean of the Graduate Institute of the Party School of the CPC Central Committee.

来源：资阳报