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MIANYANG, Sichuan Province, June 7 (Xinhua) -- Chinese Premier Wen Jiabao on Saturday visited with some earthquake survivors who had resettled in public camps in Sichuan Province's Mianyang City.     For refugees staying in low-lying lands in the southwest Chinese province, they were also at threat from the huge "quake lakes" bursting their banks.     The 8.0-magnitude tremor on May 12, which had claimed at least 69,134 lives to date, had created the threatening 200 million cubic meter Tangjiashan quake lake which overlooks Mianyang, about 70 meters above the city.     The local government is currently relocating more than 210,000 people to safer grounds.     In his third visit to the province since the quake, Wen said ina camp harboring hundreds of the quake homeless, "I hope you would understand our efforts to resettle you away from your home to a relatively safe place because the swelling quake lake is so dangerous."     "Yes, we understand," the locals replied. Chinese Premier Wen Jiabao (R Front) embraces Wang Shichen, a 12-year-old primary school pupil of grade six, when he inspects the resettlement at Meirui Textile Company in Mianyang, a city in quake-hit southwest China's Sichuan Province, June 6, 2008    "We are trying all out to drain the quake lake in accordance with our contingency plans but anything could happen under such complicated climatic, geologic and environmental conditions," Wen said.     "We appreciate all your efforts and cooperation with the government to defuse this time bomb."     "We are grateful to you, Mr Premier," 60-year-old villager Wu Xiaofeng said.     "The priority of our resettlement task is to make sure everyone will be safe," Wen replied.     "You visited Sichuan thrice, and you should take good care of yourself," a young man chimed in.     "It's my duty," Wen said. "I'm less unsettling after hearing your consideration. I'm afraid people suffering from so much might become jittery and impatient. Are you?" he asked.     "It's okay," one woman replied.     "This is a massive disaster to not only the nation, but also to everyone here," he said. Chinese Premier Wen Jiabao (2nd R) visits quake-affected people at the resettlement in the Mianyang Branch of Sichuan Conservatory of Music, in Mianyang, a city in quake-hit southwest China's Sichuan Province, June 6, 2008Wen then walked into a makeshift police station to ask the officers to be extra alert while patrolling the residence camps at this unusual time.     After shaking hands with an old woman who was sitting on the lower part of a bunk-bed in a big tent, Wen asked whether she felt uncomfortable staying with others.     Showing consideration for others, 87-year-old Mao Fengying said, "Rescue workers from the armed forces are really exhausted. They need better living conditions in the tents."     Touched by this request, Wen then passionately asked the armed forces commanders to improve the living conditions of soldiers.     He then bid farewell to Mao to leave for the next site.     Twelve-year-old Wang Shichen raised a question for Wen. "How long do we have to stay here and when shall we go back home?"     "I think you might go (home) after the drainage," he said.     "Could I hug you?" the boy said after his question. Wen hugged him immediately.     At a temporary retirement home in the camp, Wen greeted 100-year-old Chen Jiazhen. "You would work hard," the centurion told Wen. "Of course, I will," the premier responded with sincerity.     Seeing an old man writing a letter of gratitude to the armed forces rescuers and volunteers, Wen said he was also willing to write some words.     "Respect and strength," he wrote on the reverse side of the old man's letter.

BEIJING, June 17 (Xinhua) -- Chinese shares sank to a 15-month low on Tuesday in very low volume, amid weak investor confidence.     The benchmark Shanghai Composite Index fell 2.76 percent to 2,794.75, its 10th loss in a row. The Shenzhen Component Index fared worse, sinking 4.03 percent, or 395.77 points, to 9,429.50.     The Hushen 300 Index, which reflects about 60 percent of the combined market value in Shanghai and Shenzhen, closed at 2,842.68 points, down 109.57 points, or 3.71 percent. Investors read information at a stock trading hall in Shanghai, China, June 10, 2008. The benchmark Shanghai Composite Index fell 2.76 percent to 2,794.75, its 10th loss in a row    Total turnover was just 67.5 billion yuan (9.65 billion U.S. dollars).     Financial, oil and petrochemical, real estate, mining, transportation and broker stocks led the plunge.     China Merchant Property, for example, dipped 7.36 percent to 16.12 yuan. A man looks at the electronic board showing the stock index at a securities exchange in Shanghai, east China, June 17, 2008. The Shanghai index slid through the 2,800-point mark, touching 2,799.33 points at midday, shortly after the National Bureau of Statistics said the growth rate of fixed-asset investment slowed in the first five months.     Urban fixed-asset investment rose 25.6 percent year-on-year to 4.026 trillion yuan in the first five months of 2008. The growth rate was 0.3 percentage points below the same period last year and 0.1 percentage point less than the January-April period this year.     Analysts said the market was also being undermined by surging world oil prices, weakening regional economies and the government's efforts to curb liquidity and tame inflation.     The People's Bank of China, the central bank, earlier this month lifted the bank reserve ratio by a full percentage point to 17.5 percent.

BEIJING, April 6 (Xinhua) -- Chinese Premier Wen Jiabao said during a spring planting inspection in the northern Hebei Province on Saturday and Sunday that the Chinese people were fully capable of feeding themselves.     Wen said the country's self-reliance in feeding its 1.3 billion people with its own grain production was a great contribution to the world.     "China has abundant grain reserves standing at 150 million to 200 million tonnes," said Wen. The government had already taken a series of measures to support farm and rural sectors.     The central government vowed this year to spend 562.5 billion yuan (80.1 billion U.S. dollars) to support farms and the rural sector, 130.7 billion yuan more than last year.     The State Council, or Cabinet, decided last month to spend another 25.25 billion yuan in addition to this year's rural budget, mainly to subsidize farmers' purchase of seed, diesel, fertilizers and other production materials. --Chinese Premier Wen Jiabao (front R) chats with a villager during his work trip in Shilipu Village, Shahe City, north China's Hebei Province, April 5, 2008.(    Wen told farmers in Renxian County, Hebei, "The government will not change its position in supporting farmers, and it will give more and better preferential policies to farmers.     "China's grain output grew four consecutive years to reach 500 billion kilograms in 2007, and we are confident the country can maintain a stable supply this year if there are no future severe natural disasters."Chinese Premier Wen Jiabao (C) visits the house of a villager during his work trip in Tianzhai Village, Yongnian County, north China's Hebei Province, April 6, 2008.

BEIJING, July 27 (Xinhua) -- The China National Petroleum Corp. (CNPC), the country's largest oil producer, planned to cut its workforce by 5 percent in upcoming three years as its profits had been squeezed by heavy refining losses.     The oil giant had 1.67 million staff last year, which meant more than 80,000 of them would be laid-off within three years, Beijing News reported.     The move followed CNPC's earlier announcement to cut non-production spending by 10 percent from a year earlier, the paper said. The China National Petroleum Corp. (CNPC), the country's largest oil producer, planned to cut its workforce by 5 percent in upcoming three years as its profits had been squeezed by heavy refining losses.    CNPC's profit before tax dropped by 39 percent year-on-year to 56.4 billion yuan (8.3 billion U.S. dollars) in the first half year as a result of refining loss and windfall taxes on crude oil sales.     To reduce costs, CNPC halted or cut investment in 49 projects in June, saving the company up to 20.72 billion yuan.     PetroChina, CNPC's listed arm, announced last month to issue no more than 60 billion yuan to "satisfy the operational needs of the company, further improve its debt structure, reduce financing costs and supplement working capital."

BEIJING, June 30 (Xinhua) -- Chinese President Hu Jintao said Monday that supervision over the use of hefty quake relief fund and materials should be intensified to guarantee they would be exclusively used for what they were intended to.     "We must ensure that the quake relief fund and materials will be veritably used for quake relief and the people affected by the earthquake," Hu, also general secretary of the Communist Party of China (CPC) Central Committee, told a workshop marking the 87th founding anniversary of the CPC.     The meeting was attended by representatives of the Party's grassroots organizations and members who had been honored for their roles in the rescue and relief campaign after the May 12 earthquake. Top leaders Wu Bangguo, Wen Jiabao, Jia Qinglin and others were also present.     The death toll of the 8.0-magnitude Wenchuan earthquake reached nearly 70,000, and more than 18,000 were reported missing Monday. Government relief fund totaled 54.72 billion yuan (about 7.82 billion U.S. dollars), while domestic and foreign donations hit 55.3 billion yuan in cash and goods.     Hu told the meeting that education and supervision of Party members and leading officials in regard to clean governance should be strengthened, the system of punishing and preventing corruption further be improved, and efforts in the anti-corruption drive be increased. Chinese President Hu Jintao (R), also general secretary of the Communist Party of China (CPC) Central Committee, together with other members of the Political Bureau Standing Committee of the Communist Party of China (CPC) Central Committee, shakes hands with representatives of the party's grassroots organizations and members who had been honored for their roles in the rescue and relief campaign after the May 12 earthquake prior to their meeting in Beijing, June 30, 2008    These measures are essential for the Party members and leading officials "to maintain their original political color, and be clean in doing their jobs and behaving themselves," Hu said.     He also promised that officials who "passed tests and showed extraordinary capability in the rescue, relief and rebuilding work" should be promoted to leading positions. Chinese President and general secretary of the Communist Party of China (CPC) Central Committee Hu Jintao (C) delivers a speech at a workshop marking the 87th founding anniversary of the CPC in Beijing on June 30, 2008. The meeting was attended by representatives of the Party's grassroots organizations and members who had been honored for their roles in the rescue and relief campaign after the May 12 earthquake. Top leaders Wu Bangguo, Wen Jiabao, Jia Qinglin and others were also presentHu called on all the CPC members to study and practise the great "earthquake rescue and relief spirit" displayed by the local Communist heroes, which he summarized as "all people of one mind", "unity in strength", "fearlessness of hardship", "people first", and "respect for science".     "The spirit was a concentrated display and new development of the national spirit of modern China," he said.     Hu attributed the major achievement of saving lives in the first stage of the earthquake relief campaign to the firm leadership of the Party, stressing that Party organizations at all levels and members played a vital role.     The earthquake relief campaign was a test of the leadership and capabilities of the Party as well as a test for the capabilities of Party organizations and the nature of all Party members, he said.     Now, he said, was the crucial period for achieving the goal of the country's economic and social development as the earthquake relief effort entered into the stage of settling the affected people by restoring normal life and rebuilding homes.     Hu urged the whole Party to display excellence in the earthquake relief, in order to maintain the Party's flesh-and-blood link with the people.     He urged Party organizations of all levels to increase their capabilities for handling emergencies, by establishing and perfecting the working mechanism with concentrated leadership, unified command, sensitivity in response, and high efficiency.