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BEIJING, Aug. 29 (Xinhua) -- China National Chemical Engineering Co., Ltd. (CNCEC), one of the country's leading engineering, procurement and construction firms, said its net profit for the first six months of 2010 grew by 58.61 percent.Net profits totaled 653 million yuan (96 million U.S. dollars) while earnings per share stood at 0.13 yuan, up 20.37 percent from one year earlier, the company said in a statement filed with the Shanghai Stock Exchange late Sunday.CNCEC said its revenues during the first half of this year were valued at 14.57 billion yuan, among which project construction contracts accounted for 13.03 billion yuan, up 15.97 percent from one year earlier.The Beijing-based company has also made progress in overseas markets where revenues increased by 63.53 percent to nearly three billion yuan, while domestic revenues grew by 8.54 percent to 11.5 billion yuan, according to the statement.CNCEC attributed its strong performance to collective material purchasing, improved outsourcing and investment management, continuously reduced project costs and an effective human resources incentive mechanism.

BAOSHAN, Yunnan, Sept. 2 (Xinhua) -- The death toll from mudslides that hit a village in southwest China's Yunnan Province Wednesday has climbed to 12, and 36 are still missing, the rescue headquarters said Thursday.By 9:30 p.m. Thursday, rescuers had saved 23 people from the rubble of homes in Hedong Village of Longyang District in Baoshan City, headquarters officials said at the site.The accident happened at about 10:20 p.m. Wednesday, trapping 71 people from 21 families.An initial investigation blamed the tragedy on loose dirt and rocks sitting on a sleep slope which had been soaked in rainfall for about ten days.More than 1,000 people have participated in the rescue operation and more than 120 medical workers are treating the injured and disinfecting the site.Tents, quilts, clothes and plenty of first-aid materials have been sent to the site where rescuers are evacuating people to safe places.

BEIJING, Oct. 13 (Xinhua) -- The value of yuan, China's currency Renminbi, hit new high against U.S. dollar Wednesday as the central parity rate of the yuan was set at 6.6693 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System.Wednesday's central parity rate beat the previous record of 6.6732 on Oct. 11.The yuan has picked up its strength against the U.S. dollars and seen increased volatility in the trading days since the People's Bank of China (PBOC), the central bank, announced on June 19 this year to increase exchange rate flexibility.Based on Wednesday's central parity, the Chinese currency has strengthened against the U.S. dollar by about 2.32 percent from the rate of 6.8275 per U.S. dollar that was set a day before the PBOC's pledge to increase flexibility.On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate during trading each day.The PBOC released the yuan's central parity rates against a basket of currencies -- the U.S. dollar, the euro, the Japanese yen, the Hong Kong dollar, the British pound and the Malaysian Ringgit.The yuan's parity rate against the euro was set by the central bank at 9.294 Wednesday, lower from 9.2574 on Oct. 12, the previous trading day.The yuan's rate against 100 yen was 8.1477 Wednesday, compared with 8.124 on Tuesday.

BEIJING, Sep. 2 (Xinhua) -- China's Vice Premier Zhang Dejiang Thursday called upon Chinese industrial firms to improve the quality of their products as part of the efforts to transform China's economic growth pattern.Chinese enterprises should boost the quality of industrial products by upgrading their technologies and establishing a quality-based credit system of enterprises, said Zhang at a forum held in Beijing which focused on how to improve the quality and reputation of Chinese industrial products.He also called for accelerating the establishment of industrial standardization system, actively taking part in drafting and revising of related international standards and establishing a reward and punishment system that favors firms that manufacture high-quality products.Zhang also urged China's domestic firms to step up efforts to nurture indigenous brands to make "made in China" a byword for high-quality products. 

BEIJING, Oct. 28 (Xinhua) -- Chinese Vice Premier Li Keqiang on Thursday called for the country's citizens to actively participate in and cooperate with the sixth national census that starts on Nov.1.Li made the remarks in a pep talk through national TV and radio broadcast for the census on Thursday, saying that the upcoming census was a major event as the Chinese population and its structure and flow had greatly changed since 2000 when the fifth census was conducted.China, the world's most populous country, conducts national census every ten years to collect basic information for making economic and social policies.Every citizen has the obligation to participate in the national census and cooperate with the enumerators coming to their homes to make the statistics more accurate, Li said, adding that personal information collected in the census will be kept as confidential data.