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BEIJING, March 25 (Xinhua) -- Local authorities in southwest China are moving to clamp down on food price hikes as the worst drought in decades shows no sign of easing.Authorities in Guiyang, capital of the poverty-stricken mountainous Guizhou province, have indicated they would step up price monitoring and crack down on price gouging.Vegetable vendors will be fined up to 100,000 yuan (14,650 U.S. dollars) if they are found involved in jacking up vegetable prices. The maximum fine for businesses is 1 million yuan.In Kunming, capital of the hardest-hit Yunnan province, the local government is monitoring food prices and supply on a daily basis. Local price control and industry and commerce authorities have launched campaigns to crack down on food hoarding and price gouging.Local governments in their neighboring regions have taken similar measures to prevent huge rises in prices of grain, edible oil, and vegetables.The dry weather has been ravaging southwest China for months, affecting 61.3 million residents and 5 million hectares of crops in Guizhou, Yunnan, Sichuan, Chongqing, and Guangxi.The worsening drought has damaged wide swathes of vegetables and sparked sharp price hikes. Many vegetable prices have more than doubled.Hou Junfa, a purchasing manager in a hotel in Nanning, capital of Guangxi, said vegetable prices continued to surge even after the Chinese Lunar New Year when prices usually fall.Wang Wenying, a wholesaler in Nanning, said that prices of onion and potato continued to rise because of output declines in Yunnan, a main vegetable producing region.The price hikes have resulted in increases in household expending.A local resident in Nanning, surnamed Yang, said he spent five yuan more on vegetables than a month ago.Some residents choose to buy cheaper vegetables to cut household expending.Amid other efforts to curb huge price rises, the local governments have also started importing vegetables from non-drought-stricken regions to increase supply.Authorities in Kunming earlier in the week bought 250 tonnes of wax gourd, pumpkin, and eggplant from other regions to ease supply shortage in local markets.Prices of grain, including the staple food rice, has recorded relatively moderate gains of about 10 percent.Some sellers, taking advantage of the lingering drought, have started increasing their rice prices in some cities.The drought has caused speculation of further inflation rises as it has damaged hundreds of millions hectares of crops and disrupted spring planting as well.But prices are expected to stabilize as grain is being sent to the drought-stricken regions. China has sufficient grain stock after six years of bumper harvests."The drought has limited impact on China's grain output as the five regions account for a small portion of the country's total output," according to a research note of Dongxing Securities.In addition, the main grain production base in the Northeast is seeing better weather conditions than this time last year.The disaster, however, is set to reduce production of fresh flowers and sugar cane as Yunnan and Guangxi are the main producers of the crops.Retail prices of fresh flowers, as a result, have risen by about 50 percent in many Chinese cities.The decline in sugar cane production would cause China's white sugar output to decline to 11 million tonnes this year, 9 percent lower than the projection in November, the China Sugar Association said.The drought, the worst in 100 years in Yunnan and parts of Guizhou, would likely to continue till May as no substantial rainfall was expected ahead of the raining season, according to meteorological agencies.It has left 18 million residents and 11.7 million head of livestock in the region with drinking water shortages and caused direct economic losses of 23.7 billion yuan, the Ministry of Civil Affairs said Wednesday in a statement.(Xinhua correspondents Wang Mian in Guangxi, Li Qian, Li Huaiyan in Yunnan, Wang Li in Guizhou also contributed to the stroy.)
XIANGNING, Shanxi, April 2 (Xinhua) -- Rescuers Friday sent food and messages of hope to miners who have been trapped for five days in a flooded north China coal mine.The rescue team sent 360 bags of glucose, each 200 ml, down the 250-meter Wangjialing Coal Mine in Shanxi Province after hearing banging on a metal pipe.Pan Zengwu, deputy chief of the Shanxi provincial coal geological bureau, said rescuers heard what they believed to be the trapped miners making the noise at 2:15 p.m..The rescuers knocked on the drill pipe to respond, Pan said.A rescuer tears up a bag of glucose by his teeth at Wangjialing Coal Mine, which straddles Xiangning County, of Linfen City, and Hejin, a county-level city within Yuncheng City, north China's Shanxi Province, on April 2, 2010. Rescuers on Friday heard the sound of knocking on pipes at the flooded mine where 153 miners have been trapped for five daysHe said the rescue team sent 360 bags of glucose, each 200 ml, down the 250-meter pit.Rescuers have been drilling holes to pump out water and send down food.An iron wire was found attached at the end of a drill pipe when it was lifted to the surface at 3 p.m..Pan said this was apparently tied on by the trapped miners.Rescuers tried again to make contact with the miners by shouting through the pipe and knocking on the pipe at about 6:02 p.m. and 6:10 p.m. after they sent more bags of glucose down the pit.After a period of silence, Xinhua reporters at the site clearly heard several sounds of tapping on the pipe from underground."It is a good news. So long as they are still alive, it is all worth it for us to work even harder," said a rescuer surnamed Liu from central Henan Province.With glucose, rescuers sent a plastic bottle containing two short letters, a ballpoint pen and paper down the pit. They also sent down a special phone for use in mines.One letter said: "Dear fellow workers, the Party Central Committee, the State Council and the whole nation have been concerned for your safety all the time... All of us are very happy about the message of life you have conveyed, and are racing the clock and going all out to save you. You must have confidence and hold on to the last!"The other said: "Dear brothers, please wait in patience... The water will be soon drained. You must hold on and on! How about the gas and ventilation underground? What do you need us to do? Please tell us..."About 3,000 rescuers are struggling to pump water and reach the trapped miners.The water level underground had dropped by 3.3 meters by 4 p.m. Friday after a total of 66,000 cubic meters of water had been pumped from the shaft, said Liu Dezheng, a spokesman of the rescue headquarters and deputy director of the General Office with the Shanxi Provincial Work Safety Committee, at a news conference late Friday.Altogether 14 pumps were pumping up to 1,935 cubic meters of water per hour, he said, adding rescuers were installing one more pump.Rescuers said the trapped miners were working on nine different platforms, and four platforms had not been totally submerged, making it possible that some workers could have survived.The flooding happened at about 1:40 p.m. Sunday when underground water gushed into the pit of Wangjialing Coal Mine, which was under construction. Altogether 261 miners were working underground, and 108 were lifted safely to the surface.Rescuers said the flooding took place when workers digging tunnels broke through into an old shaft filled with water.The mine, which straddles Xiangning County, of Linfen City, and Hejin, a county-level city within Yuncheng City, covers about 180 square kilometers.The mining zone was estimated to have more than 2.3 billion tonnes of coal reserves, including 1.04 billion tonnes of proven reserves, according to the company's official website.The mine, affiliated to the state-owned Huajin Coking Coal Co. Ltd., is a major project approved by the provincial government. It is expected to produce 6 million tonnes of coal annually once in operation.If the trapped workers cannot be saved, the accident will be China's worst mining disaster in more than two years. In August 2007, a total of 181 workers died at two flooded coal mines neighboring each other -- 172 at one mine -- in Xintai, eastern Shandong Province.

TIANJIN, May 13 (Xinhua) -- Chinese Premier Wen Jiabao Thursday called for deeper cooperation between China and Arab states to create a peaceful international environment for development, fight the financial crisis, safeguard energy security and tackle climate change.Wen made the remarks at the opening ceremony of the fourth Ministerial Meeting of the China-Arab Cooperation Forum held in the north Chinese port city of Tianjin.During the two-day forum, the two sides will discuss upgrading their relationship to a strategic level and release an action plan for a cooperation blueprint in the next two years.COMPLICATIONS OF FINANCIAL CRISIS Chinese Premier Wen Jiabao addresses the opening ceremony of the fourth Ministerial Conference of the China-Arab Cooperation Forum in China's northern port city of Tianjin, on May 13, 2010. Wen warned the complication of the global financial crisis with deepening sovereign debt crisis in some nations."We should never underestimate the seriousness and complication of the financial crisis and its deep impact on international politics and the economy," Wen said.The global economy was slowly recovering, but its foundation was not solid, he said.Wen blamed the fragile recovery on deepening sovereign debt crises in some countries, high unemployment rates in major economies, high commodities prices and rising trade protectionism.The international governing system faced deep reforms and the global economic structure was undergoing deep transformation, he said.Wen said reforms of international economic and financial systems should be pushed forward and the establishment of a new just and reasonable international economic and financial order should be accelerated."(We) should improve the decision-making processes and mechanisms at international financial institutions and boost cooperation in international financial supervision," he said.While calling for opposition to all forms of protectionism, support for free trade, Wen said, "It is imperative to advance the Doha Round talks of the World Trade Organization toward achieving reasonable and balanced results as soon as possible."He urged major economies to transform the economic growth pattern of low savings and high consumption and to strengthen financial supervision to curb excessive speculation.China would unswervingly carry out its mutually beneficial opening strategy and unveil more measures to facilitate trade and investment, he said.COOPERATION IN ENERGY, CLIMATEWen said energy exporters and importers should step up dialogue and contacts and carry out cooperation in energy development.Investment in the energy sector should be encouraged to maintain a basic balance in energy supply and demand and reasonable global energy prices, he said.The international community should work to maintain stability in energy producing countries and curb excessive speculation to maintain order in the international energy markets, he said.Talking about economic and trade with the Arab states, Wen said China was ready to stabilize trade in oil and natural gas with the 22 Arab League nations, while expanding imports of non-oil products.He said, "China at the same time will increase exports of high value-added machinery and electronic products and high-tech products to the Arab countries."Trade between China and Arab states surged to 107.4 billion U.S. dollars last year from 36.4 billion U.S. dollars in 2004.China would continue to encourage businesses to invest in Arab states and welcome investment from Arab states, he said.China was ready to promote cooperation in infrastructure, including power, railways and roads, and to deepen cooperation in oil and gas projects, he said.Efforts should be made to vigorously develop energy-saving technologies and clean and renewable energies to help tackle global climate change.China would reduce emissions of carbon dioxide per unit of gross domestic product by 40 to 45 percent from 2005 levels by 2020.Wen said China and Arab states should increase exchanges by senior officials and consultations on strategic issues, and boost coordination in major international and regional affairs.Wen urged developed countries to shoulder the main responsibility in helping developing nations to maintain financial stability and economic growth to reduce the imbalance of development, the fundamental imbalance of the world economy.China would as always provide aid without conditions to developing countries, he said.China and Arab countries have relations dating back to the Silk Road about 2,000 years ago. China has diplomatic ties with all 22 members of the Arab League.The forum was initiated in January 2004, when Chinese President Hu Jintao visited the Arab League headquarters in Cairo. It has since served as a platform for exchanging views between China and Arab nations and for enhancing mutually beneficial cooperation.
BEIJING, May 18 (Xinhua) -- Chinese Vice Premier Wang Qishan met here Tuesday with Charles Dallara, managing director of the Institute of International Finance (IIF).The two sides exchanged views on current global economic and financial situation, and issues related to global financial supervision.Dallara made the visit to China as guest of the People's Bank of China.Chinese Vice Premier Wang Qishan meets with Charles Dallara, managing director of the Institute of International Finance (IIF), in Beijing, May 18, 2010.IIF is the global association of financial service firms with more than 375 member institutions in over 70 countries.
BOAO, Hainan, April 11 (Xinhua) -- Entrepreneurs and economists of the Chinese mainland and Taiwan have considered the expected signing of a cross-Strait economic pact as a top priority in further development of their trade relations.The long-awaited Economic Cooperation Framework Agreement (ECFA), aiming to normalize mainland-Taiwan economic ties and bring the two economies closer, is hoped to be signed by the end of June.Fredrick Chien, chief advisor of Taiwan's Cross-Straits Common Market Foundation, said here Sunday the ECFA will be an "extremely important" agreement to strengthen future development of cross-Strait relations."As long as we make this stride, the cross-Strait economic and trade exchanges will get much closer," Chien said at the Boao Forum for Asia annual conference which concluded Sunday in southern island province of Hainan.He jointly presided over a round-table meeting with Dai Xianglong, chairman of the mainland's National Council for Social Security Fund.
来源:资阳报