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BEIJING, July 15 (Xinhua) -- Chinese shares continued Tuesday's rising momentum to hit a new high with Shanghai Composite Index closing at 3,188.55 on Wednesday, setting the highest close since June 2008 as coal, nonferrous metal and auto shares bolstered the rise.     The benchmark Shanghai Composite Index gained 1.38 percent, or 43.39 points, to 3,188.55.     The Shenzhen Component Index advanced 0.68 percent, or 88.19 points, to 13,079.26. Two investors talk at a stock trading hall in Guangzhou, capital of south China's Guangdong Province, July 15, 2009. The benchmark Shanghai Composite Index on the Shanghai bourse closed on Wednesday at 3,188 points, up 43 points, or 1.38 percent, from the previous close. The Shenzhen Component Index closed at 13,079 points, up 88.2 points, or 0.68 percent    Total turnover jumped to 333.4 billion yuan (48.81 billion U.S. dollars) from 280.53 billion yuan on the previous trading day.     Winners outnumbered losers by 537 to 302 in Shanghai and 427 to 304 in Shenzhen.     Coal shares led the gains in the afternoon trading session with Jingyuan Coal Industry and Electricity Power Company Co. Ltd. and Shenhuo Coal and Power Co. Ltd. reaching the daily limit of 10 percent to close at 18.43 yuan and 28.27 yuan, respectively.     Nonferrous metal shares gained as the industry forecasts a rebound in the second half of the year based on the recovery expectation of China's economy. Yuannan Copper Co. Ltd. and Jiaozuo Wanfang Aluminum Manufacturing rose by the daily limit of 10 percent to close at 24.68 yuan and 15.99 yuan, respectively.     Auto shares performed well as the Chinese government unveiled details on Tuesday night of a subsidy program for auto replacement, a fresh measure to stimulate private spending and curb pollution. Chang'an Auto rose 8.67 percent to 11.15 yuan, and Guizhou Tyre advanced 6.41 percent to 13.29 yuan.     Steel shares posted a widespread gain on the anticipation of increased demand from automobile, manufacturing and construction industries. Hangzhou Iron and Steel Co. Ltd. rose by the daily limit. Baosteel, the country's biggest steel maker, gained 1.46 percent to close at 8.36 yuan, setting its highest close in about a year. An old woman smiles in front of a share price screen at a stock trading hall in Shanghai, east China, July 15, 2009. The benchmark Shanghai Composite Index on the Shanghai bourse closed on Wednesday at 3,188 points, up 43 points, or 1.38 percent, from the previous close. The Shenzhen Component Index closed at 13,079 points, up 88.2 points, or 0.68 percent

WASHINGTON, April 22 (Xinhua) -- U.S. Secretary of State Hillary Clinton expressed concerns about the development of Taliban militants in Pakistan on Wednesday, calling for effective efforts to curb the insurgents advance in the war-torn country.     Speaking to the Foreign Affairs Committee in the House of Representatives, Clinton said that the U.S. government believes Pakistani government shares U.S. goals in defeating terrorism.     However, she criticized Pakistani authorities for having made a peace deal that allows militants in Pakistan's northwest to impose Islamic law in exchange for a cease-fire with Taliban insurgents. U.S. Secretary of State Hillary Clinton testifies before the House Foreign Affairs Committee on the foreign policies of President Barack Obama administration on the Capitol Hill in Washington, April 22, 2009    "I think the Pakistani government is basically abdicating to the Taliban and the extremists," she said, urging Pakistan's government and Pakistanis at home and abroad to "speak out forcefully against a policy that is ceding more and more territory to the insurgents."     It was reported that Taliban militants in Pakistan's Swat valley are stretching out to the region just 110 kilometers from the capital Islamabad, in a bid to broaden their control.     Swat has been one of Pakistan's main tourist destinations since2007, when the security forces began to fight against local Taliban in the region.     Last week, Pakistani President Asif Ali Zardari signed the regulation introducing Sharia, or Islamic law, into northwestern Pakistan. The local government has issued a formal notification on enforcing Sharia in Malakand and Kohistan divisions including the restive Swat valley. Washington has expressed concerns about the enforcement of Islamic law in the region. U.S. Secretary of State Hillary Clinton (R Front) arrives to testify before the House Foreign Affairs Committee on the foreign policies of President Barack Obama administration, as anti-war protestors hold a demonstration, on the Capitol Hill in Washington, April 22, 2009

LANZHOU, June 11 (Xinhua) -- Chinese Vice President Xi Jinping has called for different levels of Party and government leaders to make contributions that will bring long-term benefits and could stand up to the test of time and people's evaluation.     Xi made the call during during a four-day trip to Gansu that ended on Wednesday. Gansu is a hinterland province that was also hit by a magnitude-8.0 quake centered in southwestern Sichuan Province last May. Chinese Vice President Xi Jinping (R, front) talks with a villager while inspecting the post-earthquake reconstruction at Jiajiasi Village in Qinzhou District, Tianshui City of northwest China's Gansu Province, on June 8, 2009. Xi made an inspection tour in Gansu from June 7 to June 10.He asked local leaders to be hardworking, embrace frugality and passion in their work and carry forward and promote the good traditions and revolutionary spirit of the Communist Party of China (CPC).     During the trip, Xi paid visits to rural households, enterprise workshops, schools, research institutes and spent time chitchatting with farmers. Chinese Vice President Xi Jinping (C) visits villager Han Huaiqing at Liyuanbao Village in Huachi County, Qingyang City of northwest China's Gansu Province, on June 7, 2009. Xi made an inspection tour in Gansu from June 7 to June 10In villager Han Huaiqing's home, Xi and Han talked about the promotion of new corn planting technologies, price fluctuations of commodities, the implementation of rural medicare system and reduction of agricultural taxes.     In enterprise workshops, Xi asked about enterprise restructuring, a way adopted by local enterprises to offset the impact of the global economic downturn. He also urged efforts to help enterprises to overcome difficulties in production and operation.     In villages that were affected by the massive earthquake, Xi urged local officials to place reconstruction of the quake-battered area at the top of their agenda and called for high quality in reconstruction projects. Chinese Vice President Xi Jinping (C) visits the school library of Lanzhou University, in Lanzhou, capital of northwest China's Gansu Province, on June 9, 2009. Xi made an inspection tour in Gansu from June 7 to June 10.

BEIJING, April 29 (Xinhua) -- A senior official of China's Ministry of Commerce (MOC) said Wednesday that China might organize another procurement delegation to Europe, and France might also be one possible stop on the delegation's tour.     Wu Xilin, head of the outward investment and economic cooperation department of the MOC, told reporters Wednesday that the exact time and countries to visit were under discussion.     Chen Deming, China's Commerce Minister, led a Chinese buying team to visit Germany, Switzerland, Spain and Britain this February.     Procurement agreements worth more than 13 billion U.S. dollars were signed during the trip.

BEIJING, May 5 --  The economy is likely to expand 7 percent in the second quarter - up from the first quarter's 6.1 percent - even as it confronts the painful prospect of shedding industrial overcapacity, a top government think tank said Monday.    "Economic growth will pick up in the second quarter as the government's stimulus measures gradually take effect," the State Information Center (SIC) forecast.     "There has been preliminary success in arresting the economy's downward trend," it said, but did not mention any fallout from the global H1N1 flu alert.     But Zhu Baoliang, an SIC economist and one of the authors of the SIC report, said the economy will only be slightly affected by the H1N1 flu.     Annualized GDP growth sank to a decade's low in the first quarter, largely because of a collapse in export demand.     But analysts said the economy might have bottomed out since then as latest economic figures are increasingly upbeat.     The CLSA China Purchasing Managers Index (PMI), a gauge of manufacturing activity, rose to 50.1 in April, the first time it has been above 50 since last August, CLSA Asia-Pacific Markets said yesterday. A PMI reading above 50 indicates an expansion of the manufacturing sector, while a reading below 50 signals a contraction.     Also, the PMI index compiled by the Federation of Logistics and Purchasing rose for the fifth straight month in April to 53.5 percent, up 1.1 percentage points from a month earlier.     The positive economic signs sent stock markets up across Asia, with the mainland's Shanghai Composite Index rising 3.3 percent and Hong Kong's Hang Seng index 5.5 percent.     "The Chinese government has been extremely successful in stimulating investment," said Eric Fishwick, CLSA head of economic research. "We hope that firmer domestic demand, as government spending gains traction, will keep the PMI above 50 in the months to come."     The World Bank said in a report in early April that the Chinese economy is expected to bottom out by the middle of 2009. It also forecast China's economic growth at 6.5 percent for the year.     The International Monetary Fund also forecast last month that growth in China is expected to slow to about 6.5 percent this year.     Consumer spending held fast over the past months, despite looming unemployment pressure. About 2.68 million vehicles were sold in the first quarter, making the nation the world's largest auto market during the period.     Housing sales surged 23.1 percent by value while retail sales rose 15.9 percent in the first quarter, 3.6 percentage points higher than the same period a year earlier.     "Based on the clear uptrend in recent economic activity we believe the worst is already behind China in terms of economic growth," Sun Mingchun, chief China economist of Nomura International, wrote in a research note. Sun said China would achieve its 8 percent growth target this year, with a V-shaped growth trajectory.     But some analysts argue that the figures could be volatile and the economy has to deal with the structural problem of overcapacity.     "It's still too early to say the economy is experiencing a real recovery," said Zhu, the SIC economist. "Over the past months, local enterprises have been running down their inventories. Now they have to reduce overcapacity."