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HONG KONG, Aug. 22 (Xinhua) -- China Construction Bank (CCB), the country's second largest bank, said Sunday its net profit in the first half of this year jumped 27 percent to reach 70.78 billion yuan (10.4 billion U.S. dollars) from a year earlier and its non-performing loan (NPL) ratio dropped to 1.22 percent.In a filing to the Hong Kong stock exchange, CCB said its profit before tax amounted to 92.19 billion yuan, up 27.2 percent year on year.RAPID GROWTH IN H1Key contributors to the rapid year-on-year growth of net profit were increased credit supply, service and product innovation, and decreased impairment losses, according to the statement.Regarding credit supply, the bank said its average balance of interest-bearing assets rose by 18.26 percent in the first half, prompting net interest income to surge by 15.33 billion yuan, or 15 percent.On service and product innovation, CCB said net fee and commission income rose by 10.22 billion yuan, or 43.63 percent year on year, as a result of sustained rapid expansion of fee-based business.The Beijing-based lender also said its impairment losses fell by 2.995 billion yuan, or 23.36 percent, due to price rally in foreign currency debt securities with the improving market.CCB President Zhang Jianguo said in the statement that there were signs of recovery in developed economies and robust growth of emerging economies against the backdrop of a gradually warming-up global economy in the first half.China has sustained rapid economic growth, thanks to the government's ongoing stimulation of domestic demand, he said. Foreign trade has gradually improved, while investment and consumption spending have continued to expand at a fast pace, and China's overall financial market performed steadily in the first half.Amid the European sovereign debt crisis and the Chinese government's macro-control policies in the property sector, domestic capital and property markets have undergone noticeable adjustments and are experiencing increasing uncertainties about the future market direction, he said.According to the statement, CCB's net interest income was 117.8 billion yuan, an increase of 15.33 billion, or 14.96 percent year on year.But compared to the same period of 2009, CCB's net interest spread for the first half of this year had dropped by two basis points to 2.32 percent, largely because the yield of interest- bearing assets decreased more than the cost of interest-bearing liabilities, it said.In the first half, CCB's interest income surged by 11.22 billion yuan, or 6.66 percent year on year to 179.65 billion yuan. While the interest expense was 61.85 billion yuan, a year-on-year decrease of 4.12 billion yuan, or 6.24 percent.The bank said its credit asset quality had steadily improved, with non-performing loans standing at 65.17 billion yuan by the end of June this year, a decrease of nearly 7 billion yuan over the end of 2009.
TONGHUA, Jilin, Aug. 10 (Xinhua) -- Rescuers are racing to save 18 miners trapped in a coal mine that flooded due to a deluge that hit the area in northeast China's Jilin Province shortly after midnight Tuesday.More than 2,000 rescuers are pumping water out of the mine through an auxiliary shaft after the entrance of the main shaft collapsed amid rain-triggered floods.Chinese Premier Wen Jiabao has instructed the local government and other related departments to spare no effort in saving the miners' lives.The accident happened at 12:10 a.m. at Hongyuan Coal Mine in the Erdaojiang District of Tonghua, the third largest city in Jilin, said Zhang Dejun, a spokesman for the city government.He said the miners were working below ground to pull out machinery that had been soaked after days of torrential rain, when the flooding occurred.The mine was near the lower reaches of Daluoquangou River, which is swollen after the catchment received 116.2 millimeters of rain Monday."Time is very pressing," Zhang said.Wang Rulin, governor of Jilin Province, arrived at the scene at noon Tuesday to oversee the rescue. Wang visited the families of the trapped miners to hear rescuers' and experts' reports.The Hongyuan Coal Mine has an annual production capacity of 60,000 tonnes and is a township-owned mine. The cause of the accident was not immediately known.Jilin Province has been battered by heavy rain and floods this summer. At least 85 people have died and 66 are missing after floods over the past two months, according to the provincial government.

BEIJING, Aug. 1 (Xinhua) -- Police authorities in Beijing launched a microblog, blogs and a podcast on Sunday in the latest move in its public relations campaign.This came about half a month after police in the Chinese capital set up a public relations office to enhance transparency and interaction with residents.The Beijing Municipal Public Security Bureau officially launched its new media services at the news portals sina.com, sohu.com and 163.com and video-sharing site ku6.com after a three-day trial.The services, branded as "Safe Beijing", offer a new communication channel between police and the general public. Microblogs, for example, have become a quick and popular source of news and information for increasingly more Chinese citizens.Fu Zhenghua, head of the bureau, said last month that law enforcement activities could easily be hot topics in the media and among the public in this highly open and transparent Internet era."With the aid of modern technology, we hope to communicate with residents and vulnerable groups with frankness and sincerity, as well as promote social justice," said Fu.In the first microblog post, the bureau pledged to offer the latest police affairs news, anti-fraud tips and stories of model community police.The bureau has posted dozens of practical anti-fraud and anti-theft tips and police affairs news, including training programs for special police and stories about model police officers serving their first day on the police force.More than 17,600 people logged onto the microblog service on Sunday and some posts received hundreds of comments.Most welcomed the services, saying it can bridge the gap between police and average citizens and change the traditionally mysterious and superior image of police officers."This is really a good thing. Let's applaud the social progress and gradual government openness," said netizen Tongtianniu."Welcome! It is badly needed to face directly to public opinion now," said netizen Lijiazhufu.Some netizens, however, blasted the services as "too official", calling on police authorities to use simpler words and sentences in the microblog posts.Liu Dawei, head of the bureau's new public relations office, said the staff in her office would accept netizens' opinions and suggestions in a sincere and open-minded way."We will strive to build a bridge of interaction and equal communication," Liu said."The microblog can be used as a good way to solicit public opinion. For a public security department, I believe it can help solve criminal cases by widely obtaining clues from the public," said Huang Qiliang, a translator with a global non-profit organization.In the past, police authorities have been criticized for their being passive or not responding to some cases, even after details had previously been published in widely read media reports.Wang Dawei, a professor at the Chinese People's Public Security University, said with the new services the police have made a positive shift from passive actions to taking the initiative.In addition, the general public can offer clues for criminal cases, as they are the main force in curbing crimes, Wang said.
SALZBURG, Austria, July 26 (Xinhua) -- Austrian President Heinz Fischer and Chancellor Werner Faymann on Monday met respectively with visiting Chinese Foreign Minister Yang Jiechi in Salzburg in the northern part of the country.Fischer recalled with pleasure his January visit to China, and asked Yang to convey his greetings to Chinese President Hu Jintao.In the 40 years since Austria and China established diplomatic ties, bilateral relations have witnessed continuous development, with frequent exchange of high-level visits, fruitful outcome in trade and other areas, as well as close consultations on international affairs, said Fischer during the meeting.He added that Austria would like to further strengthen its friendly relations with China.Yang conveyed President Hu's greetings to Fischer. He said leaders of the two countries had reached a series of important consensus on Sino-Austrian relations since President Fischer's successful visit to China.The minister also noted the two countries had maintained momentum in the exchange of high-level visits and achieved new progress in bilateral cooperation in such areas as infrastructure construction, new energy, environmental protection, aviation and tourism.While meeting with Chancellor Faymann, Yang pointed out that a good relationship between China and Austria is in the interest of both sides and also conducive to the development of China-Europe relations.China and Austria should make joint efforts to strengthen dialogue, deepen mutual trust, and enhance coordination on major international issues, said Yang.Faymann recalled his visit two months ago to Shanghai for the Austria National Pavilion Day at the World Expo, and said China's development had deeply impressed him.He hoped he would have the opportunity to pay an official visit to China to help deepen mutual understanding and promote the further development of bilateral relations.
BEIJING, June 10 (Xinhua) -- Chinese and Lao leaders agreed here Thursday to bolster ties between the two countries and ruling parties.Top Chinese legislator Wu Bangguo and State Councilor Liu Yandong reached the consensus with Samane Vignaket, a Political Bureau member of the Lao People's Revolutionary Party Central Committee during their meetings in Beijing."It's of great significance for the two ruling parties to strengthen exchange and cooperation on party-building ... as China and Laos are both going through a critical period of development," said Wu, chairman of the Standing Committee of the National People's Congress.Wu, also Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee, hailed China-Laos political and economic ties, saying the relationship had progressed to a new stage. Wu Bangguo (R), chairman of the Standing Committee of China's National People's Congress, also Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee, shakes hands with Samane Vignaket, a Political Bureau member of the Lao People's Revolutionary Party Central Committee during their meeting in Beijing, capital of China, June 10, 2010.He proposed the two parties and countries expand cooperation in a bid to further bilateral ties.Samane told Wu that Laos was encouraged by China's reform and opening-up. He appreciated China's assistance and vowed to enhance all-round cooperation with China.The Lao People's Revolutionary Party will learn from the CPC's experience and seek a development mode that fits the country's own domestic situation, said Samane, who is in charge of the party's ideology, theory and culture branch.
来源:资阳报