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NANJING, June 25 (Xinhua) -- Thousands of rescuers and emergency workers have been saving lives and restoring order to counties in east China's Jiangsu Province after a fierce tornado killed 98 people and left 846 injured.

He called on the EU and other economies to carry out their obligations on Article 15 of the protocol on China's accession to the WTO as scheduled.

The fundamentals of the Chinese economy have remained unchanged, and our macro policies will maintain continuity and stability. In the meantime, we will continue to innovate means of macro control, implement the proactive fiscal policy with greater intensity and efficiency, and carry out the prudent monetary policy in a flexible and appropriate fashion. We will channel more resources into areas that help strengthen weak links, increase the momentum of development and take development to a higher level, as well as into areas of the new economy that serve to promote economic transformation and upgrading. The current debt ratio for the Chinese government is around 40 percent, and is only around 16 percent for the central government, lower than many other major economies. This has given us space for a proactive fiscal policy. A high savings rate in China means huge potential for the development of multi-tiered capital markets. It also means major leeway for improving financial regulation methods and financial resource allocation. We are in a position to create conditions to gradually lower corporate leverage ratio and financing costs in a market-based and law-based manner. We not only have sufficient policy tools to keep economic performance within the reasonable range. We also have strong ability to prevent systemic or regional risks. In the stage of transition, short-term fluctuations of economic growth are hardly avoidable, but the Chinese economy will not head for a "hard landing". And we will be able to achieve the main economic and social development targets set for this year.

"We are expecting to resume full production and achieve two million tons production by the end of this year. All of our workers are excited and appreciate China HeSteel's efforts," Vlavan Mihailovic, chief operation officer of the plant, told Xinhua.

Plotted and manipulated by certain forces outside the region, the former government of the Philippines unilaterally initiated the arbitration with no consent of the other party, he said.