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GUIYANG, May 14 (Xinhua) -- A toxic gas burst during an illegal coal mining operation has killed 21 people and injured five others in southwest China's Guizhou Province Thursday, officials said Friday.A total of 31 miners were working in a shaft of Yuanyang Colliery when the accident occurred at about 9:40 p.m. in Puding County, Anshun City. Rescuers on Friday confirmed that 10 people had escaped.The gas burst was triggered by the detonation of explosives for illegal mining, the rescue headquarters said after an initial investigation.The private mine, a combination of three minor collieries, began to improve its infrastructure facilities in 2008 when it received the first of the six necessary mining licenses from the local authorities.Ma Mintang, survivor of the gas outburst, receives treatment in Renmin Hospital of Anshun City, southwest China's Guizhou Province, May 14, 2010. A total of 31 miners were working in a shaft of Yuanyang Colliery in Puding County of Anshun City when a gas outburst occurred at about 9:40 p.m. on Thursday. Rescuers on Friday confirmed that 10 people survived and 21 bodies recovered from the coal mine.Mining was prohibited until the mine passed inspections by authorities and gets the other five business licenses, but the company secretly started mining last year under the guise of shaft maintenance, said Hu Yingze, director of the county coal mining administration.It had illegally produced more than 3,000 tonnes of coal so far, which was, in fact, theft of national resources, he said.Sun Guoqiang, vice governor of Guizhou, blamed county-level authorities for failing to examine the mine."Did anyone of you visit the mine after approving the shaft maintenance project?" Sun asked officials of the county's coal mining administration and work safety watchdog.Rising coal prices had driven the owners to start illegal production as the drought season cut short water supplies for power plants, which had to turn to coal. The market price for coal had risen to about 370 yuan (54 U.S. dollars) per tonne from the normal price of about 300 yuan, said Sun.
BEIJING, May 2 (Xinhua) -- The People's Bank of China (PBOC), the central bank, announced Sunday it will raise the deposit reserve requirement ratio (RRR) for most financial institutions for the third time this year amid growing concerns of asset bubbles and economic overheating.The bank said in a statement on its website that it would raise the deposit reserve requirement ratio (RRR) for financial institutions by half a percentage point from May 10.The ratio for the rural credit cooperatives and rural banks would remain unchanged at 13.5 percent, said the PBOC.However, the RRR for other small financial institutions would rise to 14 percent, and that for large financial institutions to 17 percent.This is the third rise in the deposit ratio this year. On Jan. 12 and Feb. 17, the central bank raised the deposit ratio by half a percentage point each time.The move indicated the government was taking further steps to tighten monetary policy in response to concerns of overheating and asset bubbles, said Liu Yihui, an expert with the Financial Research Center of the Chinese Academy of Social Sciences (CASS).The PBOC has cut the bank reserve requirement ratio four times during the second half of 2008 to stimulate growth, as the global financial crisis started to weigh on the economy.The country posted a better-than-expected 11.9 percent year-on-year economic growth in the first quarter, but the government was cautious and had repeatedly warned that the economic conditions this year were "very complicated."China's consumer price index (CPI), the main gauge of inflation, saw a rise of 2.4 percent year on year in March, nearing the ceiling of 3 percent inflation this year that the government has set at the annual parliamentary session that month."There is an obvious tendency of overheating," Liu said.

BEIJING, April 21 (Xinhua) -- Chinese Vice Premier Hui Liangyu said Wednesday significant progress had been made in relief work in Yushu region since it was hit by a strong earthquake a week ago."Rescuers have reached all affected villages, all the injured have been cured or are being treated, all the seriously injured have been transferred for treatment outside the quake zone, and all survivors have emergency shelters," Hui said at a meeting in Beijing.The State Council, or Cabinet, meeting on quake relief started Wednesday morning with a brief silence in respect for the dead, which numbered 2,183 by Wednesday afternoon.A medical worker of the Chinese public security frontier defense troop helps Zhaxi Deleg of the Tibetan ethnic group injured in the earthquake to bandage up his leg in Gyegu Town of Yushu County, northwest China's Qinghai Province, April 20, 2010. People felt reassured and the society was stable in Yushu, Hui said at the meeting.He instructed officials to start planning reconstruction while taking into full consideration the geological, climatic and demographic characteristics of the quake zone.At a similar meeting on Monday, Hui said the government would promptly draw up and implement reconstruction plans based on scientific assessment and good planning.The 7.1-magnitude earthquake in Yushu, Qinghai Province, also left 84 people missing, and 12,135 injured.
SHANGHAI, May 12 (Xinhua) -- Chinese people at the Shanghai Expo Wednesday took time to remember the devastating earthquake that hit southwest China's Sichuan Province two years ago to the day.Among the event's international community, people from Chile and Haiti also reflected on the earthquake tolls in their own countries.QUAKE-PROOF BUILDINGSIn the Broad Pavilion, a long line of silent visitors waited to enter a 20-square-meter quake-proof house where an 8-magnitude earthquake was being simulated.The strength of the simulation was the same as the tremor that left more than 80,000 people dead or missing in Sichuan.Broad Company, a major air-conditioner maker in China, was trying to reproduce the destructive power with a shaking and thunderous noise that seemed to rock the small house seemed close to destruction."I feel great sympathy for the victims. My grief goes beyond words, and I can only pray that all people live in happiness, peace and health," said a monk from Gemeng Temple, Sichuan.At 2:28 p.m., exactly the time the quake hit two years ago, all the people in the pavilion held a tribute. Commemorative poems were recited, describing the losses of family members, clearly moving many visitors.Li Bin, deputy head of devastated Beichuan County, who was present, recalled, "Two years ago, buried under the debris, I was filled with fear of death and hope for life. Today, standing in the pavilion of a great Expo, all sorts of feelings well up in my mind."Technological solutions to withstand earthquakes were also on display. Two years of research by Broad Company had resulted in a pavilion, which was propped up by light steel pillars above the ground.FROM SICHUAN TO QINGHAIYi Yang, deputy director of the Sichuan Pavilion, rose early Wednesday so that he could arrive before the crowds.Yi and representatives from Sichuan had prepared gifts for visitors to commemorate the quake and show gratitude for the help they had received.With the arrival of visitors, seven girls of the Qiang ethnic minority sang folk songs and showed their needlework skills."The phoenix in our embroidery and the flower mentioned in our song carry the message of good luck and happiness. We want to give them to Expo visitors and all the people who helped us," said performer Yechu Nambar.A member of the Qiang ethnic minority, Yechu Nambar is a native of Maoxian County of Aba Tibetan and Qiang Autonomous Prefecture. Her hometown was one of the areas hit hardest by the earthquake.People from all walks of life and resources from around the country were sent to assist the Qiang and save their endangered folk culture."Today we can express our most sincere and heartfelt gratitude to all the people who helped us," she said.Elements featuring the earthquake are noticeable at the Sichuan Pavilion. A digital screen depicts the relief operation and reconstruction.
BEIJING, May 19 (Xinhua) -- China's centrally-administered state-owned enterprises (SOEs) raked in a combined profit of 325.99 billion yuan (47.7 billion U.S. dollars) in the first four months of the year, the industry authorities announced here Wednesday.The profit figure in the January-April period represents 81.7 percent growth year on year, the State-Owned Assets Supervision and Administration Commission (SASAC) said in a statement on its website.Centrally controlled SOE's combined operating revenue hit 4.89 trillion yuan in the period, up 50.4 percent year on year, the statement said.While the statement did not specify the reasons for the profit and revenue increases, experts from the SASAC research center attributed the surge to last year's low comparison basis when Chinese firms were hit hard by the global economic downturn.There are currently 126 centrally-administered SOEs under the SASAC.
来源:资阳报