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BEIJING, June 27 (Xinhua) -- Heavy rainfalls have ended in South China's flood-battered Provinces and water levels of major rivers in Jiangxi and Hunan provinces are receding, according to the State Flood Control and Drought Relief Headquarters (SFDH) Sunday.However, flood prevention work must not slow down since risks remain, said the SFDH.Also, water levels in Jiangxi Province's Ganjiang River and Poyang Lake remain higher than normal warning levels and water in Hunan Province's Dongting Lake is still rising.Persistent heavy rains that have devastated parts of south China had, by Saturday, left 379 dead, and 141 missing, and resulted in economic losses estimated at 82.4 billion yuan, the SFDH said.The torrential rains and ensuing floods have affected 68.7 million people in 22 provincial-level regions along with 4.36 million hectares of farmland, said the headquarters.
QINGDAO, June 30 (Xinhua) -- The spread of green algae has quickened as the temperature rises in Qingdao City of east China's Shandong Province.The area covered by green algae surged by 60 sq. km on Tuesday to 460 sq. km, according to the latest monitoring figure by the North China Sea Branch of the State Oceanic Administration released Wednesday.The surge is three times as fast as the average increase over the past four days, which was from 380 to 400 sq. km."It's getting hotter and hotter in Qingdao these days, and the green algae grows faster and faster," said Wang Zhigang, a local resident who swims in the sea every day.Sixteen to 20 degrees Celsius were the most favorable sea temperature range for growth of the algae, said Pang Shaojun, a researcher from the Institute of Oceanology under the Chinese Academy of Sciences.The air temperature in Qingdao has risen by one degree Celsius per day on average over the past five days, reaching 27 degree Celsius Wednesday, according to the city's meteorological bureau."The sea temperature has risen to 20 degrees Celsius today, and the algae will keep growing if the temperature keeps rising," Pang said.The weather report said there would be a heavy rain in Qingdao, which would lower the air temperature to 25 degrees Celsius in the next three days, which meant the sea temperature would remain in the best range for the continued spreading of the green algae.Over 6,000 people, including cleaning workers and sea police, were deployed to clean the green algae as its continuing spread might affect the local fishery and tourism industries, said Ding Shugen from the Qingdao Committee of Municipal and Rural Construction.

BEIJING, Aug. 16 (Xinhua) -- China's central bank and banking regulatory commission have ordered the country's financial institutions to provide preferential loan policies to victims in the mudslide-hit regions of Gansu and Sichuan provinces.The minimum down payment for a home in the disaster-affected urban regions could be reduced to 10 percent while the interest rate for home loans could be cut to possibly 60 percent of the benchmark rate, the People's Bank of China, the central bank, and China Banking Regulatory Commission said in a joint statement issued over the weekend.Banks were also asked to help ease loan pressures for rural residents in the disaster-affected regions.A massive mudslide, which took place on Aug. 8 in Zhouqu County of northwest China's Gansu Province, has killed 1,248 people as of 4 p.m. Sunday, with 496 still missing. Flooding and mudslides in southwest China's Sichuan Province has left at least 13 dead and 59 missing.
BEIJING, July 2 (Xinhua) -- The central parity of the Renminbi (RMB), or China's currency yuan, strengthened to 6.7720 per U.S. dollar on Friday, a new record high, according to the data released by the China Foreign Exchange Trading System.China's central bank announced on June 19 that it would further the reform of the formation mechanism of the yuan exchange rate to improve its flexibility.
BEIJING, Aug. 24 (Xinhua) -- China and South Africa announced a "comprehensive strategic partnership" on Tuesday during South African President Jacob Zuma's first state visit to China.Chinese President Hu Jintao and Zuma signed the Beijing Declaration after their one-hour talk in the Great Hall of the People Tuesday afternoon, during which the two presidents praised the growth of bilateral ties and agreed to lift relations to new heights."In this new spirit of China-South Africa relations, we will work together to advance the bilateral comprehensive strategic partnership," Hu told Zuma.Hu made specific proposals that the two countries maintain close contacts between leaders, utilize cooperative mechanism to further implement bilateral cooperation documents and strengthen exchanges between ruling parties and legislatures.In the economic area, Hu hoped both sides would promote trade and investment growth, energy cooperation and optimize financial services.China and South Africa need to work together in culture, education, media, health and tourism, Hu said, bolstering more academic and research cooperation.On the multilateral front, the countries need to improve consultation and coordination to further South-to-South cooperation and tackle global challenges.
来源:资阳报