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BEIJING, Aug. 4 (Xinhuanet) -- Rising domestic iron ore production and slowing steel demand have hit some foreign miners and affected the global market, industry leaders said on Tuesday.China's iron ore imports dropped for the third straight month to 47.2 million tons in June, while spot prices have dropped to about 2 per ton after peaking at 5 per ton in April.The country's iron ore imports rose 4 percent year-on-year in the first half of this year, figures from the China Iron & Steel Association (CISA) showed. But domestic ore output increased by 28 percent year-on-year to 485 million tons in the same period, with output rising 37.6 percent in the second quarter from the first quarter."Rising domestic ore production is the main factor that drove down imports, largely impacting supply and demand on the global market," CISA vice-chairman Luo Bingsheng said.The figures form part of the bad news for international mining companies in Australia and Brazil that provide more than half of the ores to China.Iron ore imports from Australia, Brazil and India accounted for 62.3 percent of the country's total ore consumption last year.Brazilian company Vale already predicted in June that the share of imported ores in China would drop this year.About 40 percent of Chinese steel mills have to make cutbacks or put plants on maintenance, blaming increasing costs of imported ores and declining steel prices. Oversupply in the industry will continue to lower production, further driving down ore imports in the third quarter, Luo said.The CISA will also reduce the number of licensed iron ore importers to regulate the imported ore market."We will announce new rules for the industry soon, which include higher standards on the environment, energy consumption and capital requirement," Luo said.
BEIJING, June 18 (Xinhua) -- Many Chinese parents do not like their children using the Internet and a majority of them worry that surfing Internet could negatively affect children's school work, according to a blue paper on Internet use by minors in China released Friday.The blue paper says 42.6 percent of the parents surveyed "strongly oppose their children's use of Internet" or "relatively oppose", while as high as 78.4 percent say they worry that surfing Internet could adversely affect children's study. Another 44.9 percent worry about their children's exposure to pornography online.The blue paper was jointly published by the career development center for Chinese Young Pioneers, the Center for Humanities and Social Sciences Studies by Young Scholars at the Chinese Academy of Social Sciences and the Social Science Academic Press.This was the first blue paper on Chinese youngsters, and the figures in the report were based on a survey conducted from 2006 to 2009, Li Wenge, director of the career development center for the Chinese Young Pioneers, said at a press conference for the release of the blue paper here Friday.Li said the respondents surveyed were elementary and middle school students as well as their parents and teachers in both urban and rural areas, developed and less-developed areas in 11 provincial-level regions in China.According to the blue paper, 46.9 percent of the online community users are under 25 years old.However, there are very few websites designed especially for minors, and children did not know

BEIJING, Aug. 5 (Xinhua) - The People's Bank of China (PBOC), also known as the central bank, said Thursday it would maintain its moderately loose monetary policy and enhance financial supports to boost the economy's sustainable development.The bank will apply multiple monetary tools to keep an appropriate growth in money supply in a bid to strike a balance between meeting the need of funding economic development and managing the inflation expectation, the PBOC said in a statement posted on its website.The PBOC reiterated it would maintain continuity and stability in monetary policy while, at the same time, making the policy more specific and more flexible.It vowed to improve the yuan's exchange rate mechanism, and increase financial support to promote the transformation of the economic growth pattern and adjustment of the economic structure.China's broad money supply (M2), which covers cash in circulation and all deposits, increased 18.5 percent year on year to 67.39 trillion yuan by the end of June, which marked a slowdown from the 21 percent increase at the end of May, the PBOC said.During the same period, narrow money supply (M1), cash in circulation plus current corporate deposits, climbed 24.6 percent from a year earlier to 24.06 trillion yuan, representing a decrease of 5.3 percentage points from the end of May, according to the PBOC.The bank also warned of potential domestic inflation risks due to complicated situations both at home and abroad.Increases in the costs of labor and environmental requirements, combined with continuing progresses in the reforms in the prices of resource products, will likely impact the inflation expectation.Meanwhile, the central bank pointed out that external 'hot money' may push up price hike pressures."The global monetary situation is relatively loose, as nations across the world have been prudent in their stimulus exits due to continuing uncertainties in the economic recovery. Excessive money is likely to seek various outlets, adding potential risks of inflation expectations," the PBOC said in its statement.
BEIJING, July 15 (Xinhua) -- China issued an orange alert on Thursday for wave surges, the second highest level warning, forecasting that Typhoon Conson may reach land Friday on the southeast coast of China' s Hainan province.The National Marine Environment Forecast Center warned of a 6-metre wave surge in the middle and the north of the South China Sea from Thursday night through Friday.Meanwhile, warnings were also issued for a possible 5-metre wave surge off the east shore of Hainan province and a 3-metre wave surge off the west shore of Guangdong province and the southern coast of Hainan.The Center also issued a yellow-level alert for a storm surge which might affect Guangdong and Hainan province.The center suggested local governments gear up for a disaster response.Conson is currently wreaking havoc in the Philippines, killing at least 26 people and injuring 14 others as of Thursday.
SHANGHAI, Aug. 14 (Xinhua) -- All entertainment activities at the Shanghai World Expo will be suspended Sunday in a show of respect for the victims of a massive mudslide in northwest China's Gansu Province.The Chinese national flags at the Expo Garden would fly at half-mast, and both the music broadcast at the opening and during the day would be stopped, the Shanghai Expo Bureau announced Saturday.Sun Weimin, the Expo Bureau's concierge director, said flags of the Bureau of International Expositions and the Shanghai World Expo would also fly at half-mast.Other Expo participants could decide for themselves whether to fly their flags at half-mast.The announcement was in line with that of the State Council, China's cabinet, which ordered suspension of all public entertainment and that Chinese flags fly at half-mast Sunday.The mudslide, which hit Zhouqu County, Gannan Tibetan Autonomous Prefecture, on Aug. 8 has killed at least 1,239 people and an estimated 505 are still missing.According to the Expo Bureau, the Gansu Pavilion will hold a "solemn and simple" ceremony starting 10 a.m. Sunday. The big screen in the pavilion will broadcast pictures and videos of disaster relief in Zhouqu County.On Saturday night, a performance from Chongqing Municipality will include a tribute to victims of the Aug. 8 mudslide.Almost 100 performances and cultural activities scheduled for Sunday would be suspended. A performance by the Panama national troupe, scheduled Sunday morning at the Panama Pavilion, would be held on Saturday evening, a pavilion spokesman told Xinhua.Sunday also marked the National Pavilion Day for Equatorial Guinea. Whether the scheduled celebration to be held was still under discussion, said the Expo Bureau.Since Aug. 8, volunteers at the Shanghai Expo have put stickers with four Chinese characters "May Heaven Bless Zhouqu" on their uniforms, to call for attention on the mudslide-hit area. On the sticker is a picture of Zhouqu, taken by an Expo volunteer who had just returned from a volunteer teaching program in the county.Donation boxes in the Pavilion of International Federation of Red Cross and Red Crescent Societies have received donations for Zhouqu.
来源:资阳报