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CHONGQING, June 6 (Xinhua) -- Chinese President Hu Jintao and Premier Wen Jiabao have ordered the local authorities to spare no efforts to save those people buried in a fatal landslide in the southwest city of Chongqing.     Caution must be taken to avoid life losses during the rescue work, the two leaders said.     Chinese vice-premier Zhang Dejiang arrived at the landslide site in Wulong county at 5 a.m. Saturday to oversee the rescue efforts.     At least 80 people are feared buried in the landslide at an iron ore mining area. Firemen search for survivors at the site where a landslide occured earlier in the Jiwei Mountain area, in Tiekuang Township, about 170 kilometers southeast of the downtown area, southwest China's Chongqing Municipality, June 5, 2009. At least 80 people were feared buried in the landslide at an iron ore mining area in Chongqing Municipality on Friday, according to the local government    Rescuers had pulled out seven injured people, including four seriously hurt, from the debris as of 8:30 p.m. Friday, according to the publicity department of Wulong County.     The injured were taken to hospital.     The landslide happened at about 3 p.m. in the Jiwei Mountain area, in Tiekuang Township, about 170 kilometers southeast of the downtown area.     Millions of cubic meters of rock filled a valley and buried an iron ore plant and six houses.     The trapped included quarry workers, residents and possibly passers-by.     The landslide also cut off power and communications in many parts of the town.     More than 500 rescuers are searching for the missing.     Investigation into the cause of the landslide has begun. A team of fire fighters await orders before rescue near the site of landslide at an iron ore mining area in southwest China's Chongqing Municipality, southwest China, June 5, 2009.At least 80 people are feared buried in the landslide in Chongqing on Friday, according to the local government. Rescuers had pulled out seven injured people, including four seriously hurt, from the debris as of 8:30 p.m., according to the publicity department of Wulong County, the site of the accident

SINGAPORE, May 15 (Xinhua) -- China Aviation Oil said on Friday that its net profit in the first quarter of this year fell by 54.6 percent on-year to 4.1 million U.S. dollars.     The company said in a statement that revenue fell by 34.8 percent to 655.6 million U.S. dollars in the first quarter of 2009 over the same period last year.     The company said the drop was mainly due to lower jet fuel prices in the first quarter of this year, adding that it will continue to take a cautious approach to its trading activities during the global downturn.

BEIJING, July 4 (Xinhua) -- China did not lose its advantages in foreign trade despite global downturn and could retain foreign trade level above the global average once global economy recovered, a senior Chinese official said Saturday.     Yi Xiaozhun, vice commerce minister, was speaking at the Global Think Tank Summit that ended Saturday in Beijing.     Though China's foreign trade would not rise sharply as it did in the past few years, the country did not lose its foreign trade advantages thanks to policies to stimulate domestic demands, Yi said.     He said China had been diversifying foreign trade and reported increased trade with countries in Africa, Middle East, middle Asia and Latin America.     Yi also called for halt on protectionism, saying that protectionism had been picking up and about 40 percent of anti-dumping cases and 70 percent of anti-subsidy cases targeted China.     He called for pushing forward the Doha round negotiation, which he believed was key in fighting against protectionism.

VENICE, May 25 (Xinhua) -- China's top lawmaker Wu Bangguo left here for home on Sunday afternoon after concluding his three-nation Europe tour, which helped push his country's relations and cooperation with Europe.     Wu is the first chairman of the Standing Committee of the National People's Congress (NPC), top legislature of China, who has paid an official goodwill visit to Austria in 15 years and to Italy in 12 years. The Europe tour also took Wu to Russia. During the 11-day trip, Wu met with the heads of state and governments of the three European nations and held talks with their parliament leaders. Wu Bangguo (L front), chairman of the Standing Committee of the National People's Congress (NPC) of China, is greeted upon his arrival in Moscow, capital of Russia, May 13, 2009.     ENHANCING PARLIAMENTARY EXCHANGES     Wu's visit greatly advanced friendly exchanges and cooperation between China's legislature NPC and the parliaments of the three nations.     During the visit to Russia, Wu and Chairman of the Russian State Duma Boris Gryzlov jointly attended the third session of the cooperation committee between the NPC and the lower chamber of Russian parliament, or the State Duma. Wu Bangguo, chairman of the Standing Committee of China's National People's Congress (NPC), and Russia's State Duma Chairman Boris Gryzlov attend the third meeting of the cooperation committee between NPC and the Russian State Duma in Moscow, Russia, May 14, 2009.Wu said in a meeting with Gryzlov that development of the mechanism of regular exchanges between the parliaments of China and Russia has proved the unique advantage of inter-parliamentary exchanges. He said such exchanges has not only helped enhance friendship and deepen political trust between the two peoples, but also added new vigor to bilateral links by advancing trade and economic cooperation.     "Today's situation of vigorous growth in China-Russia relations should be contributed to tireless pursuit of good neighborly friendship by the two peoples and the joint effort of their parliaments," Wu said.     During the visit to Italy, Wu and Italian Senate President Renato Schifani signed here an agreement on establishing a regular exchange mechanism between the NPC and the Italian Senate. The agreement is the first of its kind ever reached between the parliaments of the two countries. Wu Bangguo (L, front), chairman of the Standing Committee of the National People's Congress of China, shakes hands with Renato Schifani (R, front), the Senate speaker of Italy, after signing an agreement on bilateral exchange mechanism, in Rome, capital of Italy, May 20, 2009In a speech to international media after signing the agreement, Wu said the agreement will help establish a mechanism of regular exchanges between the parliaments of the two countries and add new vigor to the all-round strategic partnership between China and Italy. He noted that the two parliaments have carried out good cooperation, which consists an important part of bilateral relations.     Schifani told reporters that he is glad to sign the strategic agreement between the two parliaments. He said Italy and China enjoy a sound relationship.     During the visit to Austria, Wu met with Barbara Prammer, president of the Austrian National Council, and Harald Reisenberger, president of the Federal Council of Austria. Wu Bangguo (L front), chairman of the Standing Committee of the National People's Congress, China's top legislature, meets with Austrian National Council President Barbara Prammer (R front) in Vienna, capital of Austria, May 15, 2009Wu said during the meetings that parliamentary exchanges consist an important part of China-Austria relations. He said the close links between NPC and Austrian parliament has become a strong driving force for friendly relations between the countries. He hopes that the two sides should carry on this tradition of sound cooperation by pushing forward communications between political parties, local governments and peoples of the two countries. The two sides should promote practical cooperation in all fields so as to add new impetus to bilateral relations.     Wu welcomes more and more Austrian parliamentarians, especially young parliamentarians to visit China.     Reisenberger said parliament members from all parts of Austria wish to strengthen cooperation with the NPC in a bid to enhance people-to-people friendship, promote local communications and expand trade and economic cooperation.     ADVANCING BILATERAL LINKS     Wu's visit helped advanced relations between China and the three European nations.     During the visit to Russia, Wu met with Russian President Dmitri Medvedev. Wu said the strategic partnership of cooperation between China and Russia is currently showing a momentum all-round and rapid growth, as high-level contact remains frequent. Russian President Dmitry Medvedev (R) shakes hands with Wu Bangguo, chairman of the Standing Committee of the National People's Congress (NPC) of China, in Moscow, capital of Russia, May 13, 2009Wu said the high level of China-Russia partnership is fully reflected in such areas as frequent contact between top leaders of the two countries, the staging of "Russian Language Year" in China, the signing of an oil cooperation agreement between the two governments and the exchanges between the NPC and Russian parliament.     Medvedev said Wu's visit to Russia reflects the momentum of fast growth in bilateral links. Under the current environment of international financial crisis, coordination between the parliament of the two countries will be conducive to advancing bilateral cooperation.     In Austria, Wu met with Austrian President Heinz Fischer and Vice Chancellor and Federal Minister of Finance Josef Proll. Wu Bangguo (L), chairman of the Standing Committee of the National People's Congress, China's top legislature, meets with Austrian President Heinz Fischer in Vienna on May 15, 2009. Wu Bangguo arrived in Vienna on May 15 for a four-day official goodwill visit to Austria. During the meetings, Wu emphasized that China places great importance on developing relations with Austria. He said China is ready to expand friendly contact between the governments, parliaments and political parties of the two countries on a basis of mutual respect, equality and mutual benefits.     Wu said the two countries should enhance mutual understanding and trust so as to deepen cooperation in various fields and carry out closer coordination and communication on international affairs.     Fischer appreciates the responsible stance and measure that China has taken in addressing international financial crisis. He said the financial crisis has caused great impact on every country in the world and required joint effort of all countries in addressing it.     On his tour to Italy, Wu met with Italian President Giorgio Napolitano and Premier Silvio Berlusconi. Wu Bangguo (L), chairman of the Standing Committee of the National People's Congress of China, talks with Italian President Giorgio Napolitano in Rome, May 21, 2009. During the meetings, Wu said the economy of China and Italy are highly complementary to each other. He said the two sides enjoy a sound foundation of cooperation and great potential of expanding trade.     Wu put forward three suggestions on expanding trade and economic cooperation between the two countries. Firstly, he said the two countries should strengthen cooperation between small- and medium-sized companies as a way to expand trade and mutual investment. He said the governments of the two countries should give a full play to their joint committees in a bid to support and facilitate cooperation between the companies. Wu Bangguo (L), chairman of the Standing Committee of the National People's Congress of China, shakes hands with Italian Premier Silvio Berlusconi in Rome, May 20, 2009.Secondly, Wu said the two countries should explore new areas of cooperation. Noting that China is working on economic restructuring and upgrading industries, Wu said the two sides share broad prospect in the development and utilization of new energy.     Thirdly, Wu said the two sides should cooperate closely on staging the World Expo. Shanghai and Milan will respectively host the World Expo in 2010 and 2015. Wu expressed the belief that cooperation on this issue will become a new bright spot of China-Italy cooperation.     PUSHING FORWARD PRACTICAL COOPERATION     Wu's visit also helped strengthen practical cooperation in all fields between China and the three nations.     During his visit to Italy, Wu met with Chinese entrepreneurs doing business in Europe. Wu said overseas Chinese companies should explore new ways to help China restructure its economy and upgrade its industries.     Wu, as China's top legislator, made the remarks as he met here with Chinese entrepreneurs who invest and do business in Italy and Europe.     Wu encourages the Chinese companies to expand their overseas market and explore new areas and channels of cooperation in other countries so as to make new contributions to China's cooperation with Italy and Europe.     Against the background of international financial crisis, Chinese companies should enhance research and development capabilities and establish overseas marketing network through cooperation with foreign companies, Wu said.     He hopes that Chinese companies should seized the opportunity of reshuffle of global industry to upgrade management and technology. He said Chinese companies should attach importance to fostering management talents with international experience.     During the visit, Wu demonstrated great interest in upgrading high-tech cooperation between China and the European countries. He visited Vienna High-tech Zone on Saturday, inspecting an energy saving office building and a wind tunnel, which is believed to be the world's largest for testing locomotives and automobiles. The wind tunnel has undertaken tests and data gathering for locomotives used in city subway system in Shanghai.     Wu also visited in Rome a research and development center under the Italian National Agency for New Technology, Energy and the Environment (ENEA) He inspected the high-temperature sole heat system for generating electricity at the R&D center.     Wu said it is a global trend in the energy sector to develop new energy and renewable energy in a broad prospect of growth. He said the Chinese government places great importance on and actively promotes development and application of all kinds of renewable energy, including solar energy. He expressed the wish that research institutes and companies of the two countries should increase cooperation and investment in this respect so as to jointly exploit the renewable energy market.     During the visit, both Wu and leaders of the three nations agreed that under the circumstances of international financial crisis, strengthening practical cooperation will not only help the countries to overcome current difficulties, but also help promote the recovery of world economy. 

BEIJING, July 1 (Xinhua) -- China's latest fuel price hike from Tuesday would certainly pinch the pockets of consumers, but may not leave a lasting impact on the nation's economic recovery, analysts said.     Gasoline, diesel and jet fuel prices in the country were raised by as much as 11 percent from Tuesday, the third increase this year and the second in June, to reflect recent price changes in the global oil market.     For many like the 24-year-old fashion writer He Yi, it is time to tighten their purse strings, Wednesday's China Daily reported.     He said she is determined to use less air-conditioning when driving, despite the scorching heat in Beijing.     According to a survey by the Chinese web portal Sina.com, more than 90 percent of the 180,000 respondents said they had decided to drive less in response to the price hike, and more than 94 percent thought fuel prices are too high now.     Pump prices for 90 octane gasoline in Beijing was set at roughly 5.71 yuan a liter, or about 3.16 U.S. dollars a gallon, the National Development and Reform Commission, the nation's top economic planning agency, said in a statement on its website late Monday.     That compares to an average of 2.69 U.S. dollars a gallon in the United States, according to Bloomberg.     China's retail fuel prices are controlled by the government under a mechanism introduced in December that takes into account of crude prices, taxes and a profit margin for refiners.     The country may adjust fuel prices when crude prices change more than 4 percent over 22 straight working days. Crude oil futures have risen 60 percent to more than 70 dollars a barrel this year from a July record on signs of a global recovery.     However, economists and analysts believe this round of price hike will not have any direct and obvious impact on the Chinese economy, which is largely fueled by coal.     "As China only needs oil to supply 20 percent of its energy consumption, costlier oil will not make things as bad as costlier coal," said Lin Boqiang, director of the China Center for Energy Economics Research at Xiamen University.     "However, the economy will be hurt if higher crude prices drive up coal prices," Lin said.     In addition, China's consumer prices fell for a fourth month in May, making it easier for the government to raise oil prices, said Niu Li, senior researcher at the State Information Center.     The price hike comes amid a surge in demand for automobiles in the world's third-largest economy. Passenger car sales rose 47 percent in May to 829,100 units, the biggest jump since February 2006.     Chen Zheng, an auto industry analyst with China Securities Co, believed that consumer demand would not be seriously dampened by this round of price hikes, as China's car owners are largely social elites, who can afford the moderate increases in gasoline prices.     "But if oil prices continue to surge, I'm sure many people will stop buying new vehicles, especially the high-emission cars," Chen said.     PetroChina and Sinopec, two major oil producers, went high shortly after opening, but closed with smaller gains, up 0.28 percent and 0.66 percent to 14.48 yuan and 10.66 yuan respectively in Shanghai Tuesday.