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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.
GUANGZHOU, Sept. 21 (Xinhua) - Flooding has killed at least 13 people and left 34 missing in south China's Guangdong Province on Tuesday, local authorities said.Heavy rains caused by typhoon Fanabi battered many parts of Guangdong Tuesday.Further, a dam at the Xinyi Yinyan Tin Mine, owned by Zijin Mining Group Co. in Qianbai Township of Xinyi City, collapsed after being hit by a landslide, leaving five dead, six missing and seven injured, Xinxi city government officials said.Landslides and floods also killed three, buried 12 and left three others missing in Rupingtang Township, it said.The disasters toppled 346 houses and also has caused economic losses of 460 million yuan (68.5 million U.S. dollars) in Xinyi.In Yangchun City, flooding is reported to have killed three, left eight missing and forced the evacuation of 18,930 villagers. .Shuangjiao Township in Yangchun received 548.5 mm of rainfall in seven hours through 8 a.m. Tuesday, the largest rainfall in 58 years, according to authorities.Flood also killed two people and left five missing in Gaozhou City.

BEIJING, Sept. 17 (Xinhua) -- Chinese President Hu Jintao's speech on the 30th anniversary of the founding of the Shenzhen special economic zone (SEZ) was published in five ethnic minority languages on Friday.Shenzhen, a southern coastal city neighboring Hong Kong, marked its 30th anniversary as China's first economic reform zone on Sept. 6.At that day's celebratory rally, Hu said the central government would always support the country's special economic zones, embarking on "brave exploration" in their roles as "first movers.""The SEZs will not only continue, but should work better," Hu said.The late Chinese leader Deng Xiaoping first proposed building Shenzhen into a SEZ in the late 1970s.On Aug. 26, 1980, China's top legislature approved the establishment of the Shenzhen SEZ.The speech was published by the Ethnic Publishing House in five minority languages, including Mongolian, Tibetan, Uygur, Kazakstan and Korean.
BEIJING, Sept. 7 (Xinhua) -- Premier Wen Jiabao said here Tuesday that China will shoulder its responsibility and contribute more to the world.Wen made the remarks when meeting with several former foreign leaders here to attend the two-day 21st Century Forum.They are former Nigerian President Olusegun Obasanjo, former European Commission President Romano Prodi, former Australian Prime Minister John Howard, former Russian Prime Minister Evgeni Primakov, former German Chancellor Gerhard Schroeder and former Japanese Prime Minister Yasuo Fukuda.In the meantime, Wen appealed for understanding, support and help from the international community, noting China still faced tremendously complicated issues and challenges after realizing great achievements.He also said China will adhere to the policy of reform and opening up, cooperation of mutual benefit and peaceful development, which will not only be China's strategic choice, but also its promise to the world.He said mankind should be confident of their success in achieving balanced, harmonious and sustainable development.Citing the profound impact caused by the global financial crisis, Wen said it was crucial at this moment for people to work together in a better way when dealing with global issues.The former foreign leaders said the international community paid close attention to China's development and its role in the world.Solving global issues required more understanding and trust between countries, more efficient cooperation, and development of science and technology, they said.The former officials also voiced the international community's willingness to cement cooperation with China so as to achieve common development.The forum, featuring the theme "New Era, New Challenge, New Vision -- Building a Future For All," is hosted by the Chinese People's Political Consultative Conference (CPPCC).Later Tuesday, CPPCC National Committee Vice Chairman Wang Gang also met with some delegates here attending the forum, including Antonio Marzano,the president of the International Association of Economic and Social Councils and Similar Institutions.The forum will conclude on Wednesday.
XIAMEN, Sept. 7 (Xinhua) -- China will continue to attract large influxes of foreign investment in the next few years despite uncertainties in the global economic recovery, Commerce Minister Chen Deming said Tuesday.Although uncertainties lie in the process of the global economic recovery and the development trend of the world economy would, to some extent, affect foreign investment in China, the next few years will still be a high-tide period for foreign investment inflow into the country, Chen said Tuesday at a ministerial conference at the 2nd World Investment Forum (WIF) in Xiamen City in southeast China's Fujian Province."Currently, many countries and organizations have rated China as the most appealing destination for investment, which probably would not be changed for a few years," said the minister.Foreign direct investment (FDI) this year is set to "surpass 100 billion U.S. dollars," compared to 90 billion dollars last year, an official with the ministry predicted on Sunday.During the first seven months of this year, China's FDI increased 20.65 percent year on year to 58.35 billion dollars, according to the ministry' s latest statistics.Meanwhile, some 14,459 foreign-invested companies were established in China in the first seven months, up 17.9 percent year on year.
来源:资阳报