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BEIJING, Aug. 19 (Xinhua) -- China's domestic corn supply was adequate, and a recent price increase was the result of market speculation, a senior official told Xinhua Thursday.Shang Qiangmin, director at the China National Grain and Oils Information Center, said both the supply and corn reserves were adequate in China and the government was determined to regulate the corn market."Imbalance between corn supply and demand is a misjudgement," Shang said.Although floods that ravaged the country's northeastern regions in late July have caused adverse impacts on regional corn growing, final output was expected to increase from one year earlier due to the expanding of planting areas, Shang said."China has enough corn reserves to meet market demand," he said.The buying boom in the northeastern region is currently caused by enterprises' increasing corn stocks on speculation of price increase, he said.According to Shang, corn stocks at major grain enterprises in northeastern Jilin, Liaoning and Heilongjiang provinces, and Inner Mongolia Autonomous Region, increased by 5.12 million tonnes at the end of July compared with one year earlier.The Chinese government has strengthened macro control of corn market by increasing supply and cracking down on illegal activities that force up corn prices.As the world's major corn producer and consumer, China's annual corn production and consumption both exceed 150 million tonnes.

ZHOUQU, Gansu, Aug. 10 (Xinhua) -- The death toll from a massive rain-triggered mudslide in Zhouqu County in northwest China's Gansu Province has risen to 702, with 1,042 others still missing, local civil affairs authorities said Tuesday afternoon.Some 1,243 people have been rescued, Tian Baozhong, head of the provincial civil affairs department, told a news conference.Of them, 58 who were seriously injured had been hospitalized, Ma Chengyang, deputy director of the provincial publicity department, told another press briefing Tuesday night.Torrential rain on Saturday night prompted an avalanche of sludge and debris to crash down on the county seat of Zhouqu early Sunday morning, ripping many houses off their foundations and tearing multi-story apartment buildings in half.The mud-rock flow has leveled an area of about 5 km long, 300 meters wide and 5 meters deep in the county seat with more than 2 million cubic meters of mud and rocks, severely damaging power, telecommunication and water supply facilities.About 45,000 residents have been evacuated, as mudslides have destroyed more than 300 homes and damaged another 700. Moreover, 3,000 homes have been flooded.More than 4,400 tents have reached Zhouqu but most of them have not yet been set up due to a lack of open space, Tian said.About 16,000 more tents from the Ministry of Civil Affairs are still in Lanzhou, the provincial capital, Tian said.The mountainous terrain has hampered disaster relief operations. Rescuers could only set up 100 tents in two settlement centers on the playgrounds of two middle schools."We have adequate tents, but insufficient space to pitch them," said Zhang Hongdong, a worker with the county's Red Cross Society.Most people affected by the disaster sought shelter with their relatives and friends in nearby regions, Zhang added.

BEIJING,Aug 9(Xinhuanet) -- China's high savings rate is expected to fall substantially in coming years as its workforce shrinks, the population ages and social security spending increases, a BIS report shows.In research published by the Bank for International Settlements (BIS) on the “myth and reality” of China’s savings rate, Ma Guonan and Wang Yi found that the Asian giant needs its population to spend more in order to sustain rapid economic growth in coming years.The researchers, who were writing in their personal capacity, also reject claims that Chinese State firms have been benefiting from high savings thanks to exchange rate distortions and subsidies designed to drive economic growth.They point out that “less advantaged” and more efficient firms have been the ones posting the greatest gains in earnings in recent years rather than State-owned companies.China’s gross national savings soared from 39.2 percent of output in 1990 to 53.2 percent in 2008, far higher than the United States, which saved only 12.2 percent in 2008.Even compared to other Asian giants — Japan with 27 percent in 2007 and India with 33.6 percent in 2008 — China’s share of savings as a percentage of gross domestic product (GDP) is significantly larger.Nonetheless, the population and social trends that have underpinned China’s growth and savings rates are likely tail off significantly over the next decade, the two Chinese researchers argued.In the wake of the global slump, world leaders and economists have been asking China to spend more, rather than pin its economic growth on exports to the West, in order to help address world trade imbalances.Ma, a BIS economist and Wang, who is from the Chinese central bank, said however that the current savings trend by Chinese households will not last.The swelling working population in recent years has boosted savings in recent years, they said.In addition, large-scale corporate restructuring between 1995 and 2005 increased job uncertainty, forcing workers to set aside more money in case they were fired. The lack of a social safety net also pushed workers to make “precautionary savings.”Beyond households, government savings have also been increasing in tandem, as more is being set aside to meet pension needs which are expected to rise significantly as the population ages.However, these trends are expected to be reversed in coming years.“It is reasonable to assume that the large-scale labor retrenchment observed during 1995 to 2008 is by and large been behind us,” say the researchers.In addition, China is expected to enter into a phase of “accelerated population ageing within a decade.” This means that the workforce will decline, leading to a fall in overall income and therefore savings.At the same time, infrastructure spending is expected to continue, in order to provide for the ageing population and the urbanization of the country.

BEIJING, Aug. 5 (Xinhua) -- They chart the highs and lows of an eventful six months, covering issues and events that brought people together across borders and divided them in debate.They are the top 10 buzzwords of the first half of 2010, compiled from 16 leading Chinese newspapers.The list was jointly released by the National Language Resource Monitoring and Research Center, Beijing Language and Culture University, the Chinese Information Processing Society and the China Association of Press Technicians.EARTHQUAKEA devastating earthquake hit Haiti in early January, leaving around 230,000 people dead.Another serious quake hit Chile shortly after.And on April 14, almost two years after the devastating south China earthquake of May 12, 2008, a 7.1-magnitude quake left at least 2,698 people dead and 270 missing in the Tibetan Autonomous Prefecture of Yushu in the northwestern Qinghai Province.Immediately after the quake, rescuers joined the race to find survivors while medical workers battled freezing temperatures and low oxygen to save lives.Millions of people donated money and materials with a total value of 8.5 billion yuan (1.25 billion U.S. dollars) by the end of last month.SHANGHAI EXPOThe 2010 World Expo in Shanghai is the first World Expo in a developing country since its debut in London in 1851.The Chinese government has invested billions of yuan in infrastructure and services for the six-month event that opened on May 1.The Shanghai Expo is the largest in Expo history with 189 countries and 57 international organizations participating.By July 29, around 34.5 million people had visited the Expo, leading to a shortage of pavilion entrance tickets and long queues.

BEIJING,July 11 (Xinhua) -- China issued a new anti-corruption regulation Sunday to require officials to report changes in their marital status, the whereabouts of their spouses and children if they have moved abroad, personal incomes, housing as well as their family' s investments.The new 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.The regulation defines "officials" as those leaders holding official ranks of and above county level in government agencies, democratic parties, public institutions, state owned enterprises and state holding enterprises.The new regulation requires officials to report changes in their marital status and the location of their spouses and children if they have moved abroad, within 30 days after such a change takes place.Specifically, officials should report their ownership of passports or visas and their children's marital status if they are married to foreigners or residents of Hong Kong, Macau, and Taiwan.Officials should also report any businesses their spouses and children are involved in, both within China and abroad.The new regulation also requires officials to report their ownership of property, including property in their spouses' or children's names, their family's investment in financial assets and in enterprises.According to the regulation, if officials fail to report honestly or in a timely fashion, they would face punishment to various degrees, even as harsh as removal of official ranks.The regulation also ordered party organizations at all levels to strengthen management and supervision over officials to guarantee the implementation of the regulation.This regulation is considered an important measure to ensure strict self-discipline for Party and government officials and to improve the intra-Party supervision system.

来源：资阳报