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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.

BEIJING, Aug. 2 (Xinhua) -- China and Nepal celebrated the 55th anniversary of diplomatic ties at a reception in Beijing Monday evening.More than 300 guests, including Chinese government officials and foreign diplomats in China, attended the reception, which was co-hosted by the China-Nepal Friendship Association, the Chinese People's Association for Friendship with Foreign Countries (CPAFFC), and Nepalese embassy in China.Chen Haosu, president of the CPAFFC, said in a speech that the years since China and Nepal forged diplomatic ties had witnessed continuous development of their traditional friendship and friendly cooperation as well as frequent high-level exchanges.Political, economic, trade and cultural relations were closer than ever, Chen said.Guests attend a reception co-hosted by the China-Nepal Friendship Association, the Chinese People's Association for Friendship with Foreign Countries (CPAFFC), and Nepalese embassy in China in Beijing, Aug. 2, 2010. China and Nepal celebrated the 55th anniversary of diplomatic ties at the reception in Beijing Monday evening.The two nations, which treated each other on an equal footing, had harmonious coexistence and long-term friendship.Nepalese Ambassador to China Tanka Prasad Karki said that Nepal and China, as good neighbors, all-weather and reliable friends, as well as partners of common development, had maintained sound bilateral ties.Nepal wanted to further learn from China's experience in social and economic growth and enhance its mutually beneficial cooperation with China.China and Nepal forged diplomatic ties in 1955. They established a comprehensive partnership of cooperation at the end of 2009.

BEIJING, July 1 (Xinhua) -- Chinese Vice President Xi Jinping on Thursday urged members and officials of the Communist Party of China (CPC) to emulate the achievements of an official who died on duty after six years of dedicated work as a village Party secretary.Xi made the statement in Beijing while meeting with attendants to a ceremony to mark the release of a movie about the Party secretary's life in the village, and that of a book based on his diaries.The official, Shen Hao, had been a provincial government official in Anhui in central China, but was later assigned as a village Party secretary in 2004.Shen's devotion to his job brought about significant changes in the village and twice his term was extended at the request of the people in the village, though the work eventually cost him his life. He fell ill through constant overwork and died on November 6, 2009.Xi hailed Shen as a role model for CPC members and officials and urged them to maintain close ties with the people.

BEIJING, July 27 (Xinhua) -- China's largest gold producer said on Tuesday its operating profits rose by three fold to 1.55 billion yuan (228.09 million U.S. dollars) in the first six months this year.China National Gold Group Corp. said in a statement that its first-half revenue grew by 98 percent from a year earlier to 27.67 billion yuan and expected its full-year revenue to reach 50 billion yuan.At the end of June, the gold producer had 1,250 tonnes of gold reserves, eight million tonnes of copper reserves and 1.6 million tonnes of molybdenum, according to the statement.In the first half of 2010, the company added a total of 24.7 tonnes of gold, 683,000 tonnes of copper and 445,000 tonnes of molybdenum to its reserves, said the statement.The company had improved its development strategies through conducting merge and acquisitions, integrating regional resources and exploring overseas, said Sun Zhaoxue, general manager of the gold producer.

HAVANA, July 31 (Xinhua) -- Visiting Chinese Foreign Minister Yang Jiechi held talks with his Cuban counterpart Bruno Rodriguez here Saturday on the development of relations between their two countries.Yang called Cuba a very influential country in Latin America and the Caribbean and said the promotion of traditional friendship ties between China and Cuba meets the fundamental interests of the two countries.In addition, Yang said, promotion of the countries' traditional friendly ties also would help safeguard and strengthen global and regional peace and common development.Visiting Chinese Foreign Minister Yang Jiechi (L) shakes hands with his Cuban counterpart Bruno Rodriguez during their meeting on the development of relations between their two countries in Havana of Cuba July 31, 2010.Rodriguez said Cuba attaches great importance to strengthening its ties with China and is willing to advance its relationship with the Asian nation.The two ministers agreed to bring their countries' bilateral ties to a new level at the 50th anniversary of the establishment of diplomatic relations between China and Cuba.They also agreed to maintain the momentum of exchanges between the leaders and senior officials of the two countries and expand exchanges at the inter-party, inter-governmental and inter-parliamentary levels.The foreign ministers also agreed to boost bilateral trade and investment cooperation, advance work on key cooperation projects, and encourage exchanges between their universities, research institutions and non-governmental organizations.Rodriguez and Yang also agreed that China and Cuba should boost cooperation in international affairs to defend their interests and the common interests of developing nations.The leaders also witnessed the signing of an economic and technological cooperation agreement between the two governments.In addition, Yang paid tribute to Jose Julian Marti Perez at a monument honoring the Cuban poet and hero.

来源：资阳报