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BEIJING, July 10 (Xinhua) -- Vice Premier Wang Qishan said here Saturday the Chinese government would continue the reform and opening-up drive to create a favorable environment for foreign businesses.Wang made the promise when meeting with a delegation of Japan' s Association for the Promotion of International Trade (JAPIT) led by its chairman Yohei Kono, who is also former speaker of the Japanese House of Representatives.Wang spoke highly of the JAPIT' s contribution to promoting the Sino-Japanese friendship and the bilateral economic cooperation.He said Sino-Japanese economies were highly complementary, and China and Japan should increase cooperation in energy conservation, environmental protection, electronic and manufacturing sectors to promote their strategic and mutually beneficial relations.Kono spoke highly of the Chinese government' s efforts to cope with the international financial crisis, saying that the Japanese business community was willing to strengthen cooperation with China in economy, trade and investment.The JAPIT delegation is visiting China at the invitation of the Chinese Council for Promoting International Trade.

BEIJING, July 28 (Xinhuanet) -- China will end the public shaming of prostitutes by parading them through the streets, the People's Daily reported on Tuesday, following controversy over cases in which sex workers were paraded in public.Ministry of Public Security has ordered the police to stop parading suspects in public and has called on local departments to enforce laws in a "rational, calm and civilized manner," the report said.Prostitution is illegal in China and police sometimes used means such as parading prostitutes in public as a deterrent. However, recent cases have sparked controversy on the Internet.Earlier this month, local media in the city of Dongguan in southern China's Guangdong province published pictures of two suspected prostitutes and two patrons who had been detained by police. The handcuffed girls were shown walking barefoot, handcuffed and tethered by a rope around their waists.In another case this month, police in Wuhan, capital of central China's Hubei province, posted a public notice about a vice raid, including personal information about prostitutes and their clients.

BEIJING, Aug. 22 (Xinhua) -- Wuhan Iron and Steel Company Ltd., the listed subsidiary of China's third largest steel maker, said Sunday that its net profit rose 90.43 percent year on year to 963.53 million yuan (141.7 million U.S. dollars) during the first half of the year as strong economic growth boosted steel demand and prices.The company's first-half-year sales reached 34.36 billion yuan, up 50.72 percent from one year earlier, it said in a statement delivered to the Shanghai Stock Exchange.However, costs also climbed in the first six months compared with a year earlier because of increases in raw material prices, it said.Production costs for steel products gained 47.12 percent year on year to 31.18 billion yuan. Further, the company's steel output in the first half of the year gained 29.75 percent year on year to 8.04 million tonnes.China's producer price index, a major gauge of inflation at the wholesale level, rose 6 percent in the January-June period, according to statistics released by the National Bureau of Statistics.However, the company was likely to face a "difficult time" in the second half of 2010 and meeting its full-year profit target would become a "challenging task" as demand from auto, home appliance and real estate sectors experienced "drastic changes" since July, leading to more restrained sales and falling prices, it said.Company officials also worried that high prices of iron ore, coal and electricity would further push up production costs and squeeze profit margins.On Friday, the price of its shares fell 2.87 percent to 4.73 yuan on the Shanghai bourse.

BEIJING, June 29 (Xinhua) -- A deputy head of the top academic institute of the Communist Party of China (CPC) said Tuesday the institute is striving to open up to the outside world.Li Jingtian, vice president of the Party School of the CPC Central Committee, made the remarks during a press conference on Tuesday, two days ahead of the 89th anniversary of the founding of the CPC.Li said many foreign political and business leaders and scholars were willing to give lectures or deliver speeches at the party school."As a think-tank, we have established cooperation with over 30 foreign universities, think-tanks and research institutes," said Li.Li said the Party School had trained 60,000 communist cadres over the past three decades.The party school provides various training classes and seminars for cadres at provincial and ministerial levels, party secretaries at the county level, young cadres and cadres of ethnic minorities, he said.

BEIJING, June 12 (Xinhua) -- China's trade surplus would likely fall noticeably this year as exports outlook would not be optimistic while imports would remain robust, Ministry of Commerce spokesman Yao Jian said at a briefing Saturday.Exports growth would slow after July, Yao forecast, adding the surge in exports in May was due to a low comparison basis last year. China's exports in May surged 48.5 percent year on year, customs data released Thursday.China's trade surplus in the first five months fell 59.9 percent to 35.39 billion U.S. dollars. The figure in 2009 topped 196.07 billion U.S. dollars, down 34.2 percent year on year.Yao attributed the weak export outlook to the European sovereign debt crisis, rising commodity prices and labor costs."In the following months, the fallout from the debt crisis in Europe would gradually become apparent, and China would closely watch changes in its important exports markets including Germany, Spain and Italy," Yao said.China would maintain stable trade policies amid the crisis, and might adjust some policies in some specific industries for environmental protection purposes."Stable trade policies are a top priority when the external outlook is not clear," he said.Yao also told reporters that attempts by some U.S. lawmakers to include China's exchange rate policy into trade investigations on China's exports of aluminum extrusions and coated paper lacked factual support and did not conform to rules of the World Trade Organization.The WTO regulated trade policies instead of a country's overall financial or foreign exchange policies, he said.