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BEIJING, Feb. 19 (Xinhua) -- Railway and highway stations and airports across China have seen increasing passenger flow since Thursday as millions of Chinese are returning to work or study when the week-long Spring Festival holiday draws to an end, transport authorities said Friday.The four railway stations in Beijing, one of the popular destinations for job hunters, received 150,000 passengers Thursday and the number is expected to sharply increase Friday, the last day of the seven-day Chinese Lunar New Year holiday, Beijing Railways Bureau said in a press release.Most of the passengers are tourists, migrant workers and students whose travel time was less than ten hours.Long-distance travelers are expected to arrive Friday, bringing pressure on downtown traffic, according to the bureau.People queue up to buy tickets at a railway station in Shenyang, capital of northeast China's Liaoning Province, on Feb. 18, 2010. Coach and railway terminals in major Chinese cities are bracing for a fresh travel rush, as millions of festival travelers set foot on return trips to city work after the week-long Spring Festival holidayThe authorities of Beijing Railway Station and Beijing West Railway Station arranged 18 pairs of additional trains to cope with the travel peak, it said.Public transport authority of Beijing has mobilized more buses to ensure passengers can leave railway stations as quickly as possible. People queue up to buy tickets at a railway station in Shenyang, capital of northeast China's Liaoning Province, on Feb. 18, 2010. Coach and railway terminals in major Chinese cities are bracing for a fresh travel rush, as millions of festival travelers set foot on return trips to city work after the week-long Spring Festival holidayThe ticket hall of Shijiazhuang Railway Station in the capital of Hebei Province that neighbors Beijing was crammed by anxious passengers Friday, when more than 52,000 people are expected to travel by train.Wang Aishu, waiting for getting onboard a train, was at ease holding a ticket he bought six days ago."I knew there will be a travel peak so I bought a ticket as soon as I arrived at the station on the eve of the Spring Festival," said Wang, who was heading for Dongguan City in Guangguang Province to work.The station mobilized 60 officers to help passengers and maintain order.Trains carried away 373,400 people from Hubei Province in central China Thursday, up 20.5 percent as against the same day last year. The volume is expected to rise Friday and Saturday, according to the Railways Bureau of Wuhan, the provincial capital.The railway station of Hefei, capital of Anhui Province in east China, has sent off about 30,000 passengers every day since Thursday to the major destinations of Beijing, Guangzhou, capital of Guangdong Province, and some other big cities.The station set up 50 ticket booths, including 20 additional ones, to meet the booming demand for departure.The railway station of Nanning, capital of Guangxi Zhuang Autonomous Region in south China, will see 34,000 passengers leaving for other regions Friday, up 17 percent as against that of Thursday.However, a passenger surnamed Huang failed to get a ticket to his workplace of Hangzhou in Zhejiang Province."Tickets are sold out, only those for training leaving after Feb. 25 are available," said Huang, carrying heavy luggage.The country's railways served about 5.44 million passengers nationwide on Thursday, an increase of 12.5 percent over the same day last year, according to the Ministry of Railways (MOR) Friday.The ministry said the number of long-distance travelers increased markedly as more people decided to make an earlier return trip to avoid the traffic boom, and the volume is expected to peak on Friday and Saturday.About 210 million passengers will travel during the 40-day rush period beginning January 30, a 9.5 percent rise compared with a year earlier, MOR had estimated.During the holiday period, 1,972.5 pairs of passenger trains were put into use every day on average, an increase of 156 pairs compared with the same period last year.The trains served with an average daily transport capacity of 5.57 million people, an increase of 430,000 people compared with the same period last year, according to the ministry.In Shandong Province, volume of coach passengers also kept increasing in the past few days.More than 90,000 people are expected to take coach Friday to leave Jinan, the provincial capital, said Zhu Mi, media officer with the city's long-distance coach station.The station is able to handle a maximum volume of 100,000 passengers a day, he said."I left home at 6 a.m. to catch the bus, but every coach has been fully loaded," said a migrant worker who planned to seek job in Guangzhou.Shenzhen, a popular workplace for migrant workers in Guangdong, has seen an increasing number of air passengers over the past several days. More than 45,000 passengers arrived in the city on Thursday and 47,000 others are coming, the airport authority said.The Lunar New Year fell on Feb. 14 this year and is an important traditional festival of family reunions.
BEIJING, March 21 (Xinhua) -- China is likely to see trade deficit in March, Minister of Commerce Chen Deming said here Sunday.Chen made the remarks while delivering a speech at the China Development Forum 2010, running from Sunday to Monday, with a theme of "China and the World Economy: Growth, Restructuring and Cooperation".
JINAN, Feb. 20 (Xinhua) -- A Chinese vocational school blamed for staging cyber attacks on Google and other firms said Saturday the allegations are unfounded."Investigation in the staff found no trace the attacks originated from our school," Li Zixiang, Party chief at Lanxiang Vocational School in Shandong Province, told Xinhua.Students of Lanxiang are still in their winter vacation, Li said.He said Lanxiang has no relationship and does not cooperate with the military, adding that school authorities do not have military backing.He also dismissed the suggestion of involvement of a "specific computer science class" taught by a Ukrainian professor."There is no Ukrainian teacher in the school and we have never employed any foreign staff," Li confirmed."The report was unfounded. Please show the evidence," he said.Li's remarks came after the New York Times reported Thursday cyber attacks on Google and other American firms have been traced to Shanghai Jiaotong University and Lanxiang Vocational School, which the report alleged has ties to the Chinese military.The report, citing unidentified investigators, said there is evidence suggesting a link between the attacks and a computer science class at Lanxiang taught by a Ukrainian professor.Lanxiang, founded in 1984, has about 20,000 students learning vocational skills such as cooking, auto repair and hairdressing.The computer science class offers basic courses about Photoshop, 3D drawing and Word -- not software engineering."It was not until 2006 that our graduates began to join the army. So far, 38 students have been recruited by the military for their talent in auto repair, cooking and electric welding," said Zhou Hui, director of the school's general office, who stressed it is natural for someone to join the army at a proper age.No comment was available from Shanghai's Jiaotong University.Google said on Jan. 12 it might pull out of the Chinese market, citing disagreement with government policies and unidentified attacks targeting Google's services in China.
BEIJING, March 19 (Xinhua) -- Chinese Vice Minister of Commerce Zhong Shan will pay a three-day visit to the United States from March 24 to strengthen economic and trade cooperation, said a statement posted on the official website of the Ministry of Commerce (MOC) Friday.The visit was aimed at expanding bilateral trade and promoting the healthy and stable development of the Sino-U.S. economic and trade relations, the statement said.Zhong would also negotiate with the U.S. administration over Sino-U.S. trade issues in an effort to increase mutual understanding, and defuse trade frictions, the statement said."Sino-U.S. economic and trade relations are mutually beneficial," said He Ning, director general of the Department of American and Oceanian Affairs of the MOC."China believes any economic and trade issues, including the RMB (Chinese currency) exchange rate, can be resolved through dialogue."But we should avoid politicizing economic and trade issues," He told journalists Friday in Beijing.He said commodities trade figures only mirrored flows of the products, but it could not truly reveal the beneficiaries.Chinese Premier Wen Jiabao said earlier this month that half of China's exports came from the processing trade, in which imported components were assembled at factories in China and 60 percent were made by foreign-funded companies or joint ventures with foreign partners.MOC spokesman Yao Jian said Tuesday China welcomed more U.S. high-tech exports, and was willing to promote more balanced Sino-U.S. trade. En
Beijing, Feb. 8 -- China's banks will outpace their peers in India and Indonesia, the best performers in Asia's banking industry over the past decade, to deliver the highest returns over the next five to 10 years, analysis firm CLSA Ltd said.The top eight performers among Asian banks over the past decade were all from India, with gains of 400 percent to 3,000 percent, CLSA said in a research report released today.Indonesian banks ranked second over a three-to-five-year period, as no data was available for 10 years, the report said.Shenzhen Development Bank Co, China's first commercial bank to launch an IPO and get listed on Shenzhen Stock Exchange (in 1987), is expected to show a more than eight-fold increase in net profit for 2009, boosted by lower provisions for bad loans and higher net interest and fee income, the Wall Street Journal saidThe two countries recorded the highest credit growth, as India's loans increased 622 percent over the past 10 years, followed by 508 percent growth in Indonesia, Daniel Tabbush and Suangsuda Sinsadok, analysts at CLSA, said in the report.That shows "positive" implications for China's banks given the nation's 326 percent increase in loan growth over that period, they wrote in their analysis."Where China stock price data is only recent, we can at least assume that the fact that those banks are returning the third-highest loan growth over the past five and 10 years can in fact mean strong total returns over the long term," the analysts wrote.China's loan growth of 79 percent was the highest over the past three years, according to the report by CLSA, which is "overweight" on the nation's bank stocks as well as those in India and Indonesia.