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UNITED NATIONS, Aug. 20 (Xinhua) -- China on Friday announced its decision to provide an additional 50 million RMB yuan (about 7. 37 million U.S. dollars) worth of humanitarian supplies to the Pakistani government as "the latest developments suggest that the flooding in Pakistan may pose an unprecedented humanitarian challenge."The announcement came as Li Baodong, the Chinese permanent representative to the United Nations, was speaking at a plenary General Assembly session on flood-devastated Pakistan, which entered its second day here on Friday. Chinese permanent representative to the United Nations Li Baodong speaks at the plenary General Assembly session on flood-devastated Pakistan at the UN headquarters in New York, the United States, Aug. 20, 2010. China on Friday announced its decision to provide an additional 50 million RMB yuan (about 7.37 million U.S. dollars) worth of humanitarian supplies to the Pakistani government as "the latest developments suggest that the flooding in Pakistan may pose an unprecedented humanitarian challenge.""The first batch of relief supplies has arrived at the affected areas on Aug. 19, which included 30 tons of food, 1,200 tents, 1, 000 power generators, 23,800 blankets as well as medicine, mineral water and water purification equipment," Li said. "The rest of the relief supplies will be delivered on Aug. 20.""The Chinese government will continue to do what it can to provide assistance to Pakistan in the light of the developments of the disaster," he said.Immediately after the flooding occurred, "China acted promptly to provide humanitarian support and assistance to Pakistan, showing the profound friendship between the Chinese and Pakistani governments and people," he noted.
BEIJING, July 13 (Xinhua) -- Rainstorms and consequent floods have left 107 people dead and 59 missing in ten provinces and municipalities -- mostly along the Yangtze River as of Tuesday afternoon, according to the Ministry of Civil Affairs.Latest figures from the ministry show that, as of 4:00 p.m. Tuesday, rain-triggered floods had affected some 29 million people and 997,000 had been evacuated.Further, the direct economic loss had reached 19.75 billion yuan (2.89 billion U.S. dollars). A total of 93,000 houses and 252,800 hectares of crops have been destroyed.A bus is trapped on a flooded street in Chizhou, east China's Anhui Province, July 13, 2010.Also on Tuesday, the China Meteorological Administration forecast that rainstorms would continue to batter some flooded regions in the provinces of Guizhou, Sichuan, Hubei, Jiangsu, Zhejiang and Anhui and are also expected in Chongqing Municipality over the next three days.Southern Qinghai, eastern Inner Mongolia, eastern Liaoning, central Gansu and western Yunnan will also receive heavy rain during the next three days.The Ministry of Health said Tuesday that the flood-hit regions had not reported any cases of epidemics or public health emergencies.

BEIJING, July 12 (Xinhua) -- Housing prices in major Chinese cities rose 11.4 percent year on year in June, one percentage point lower than the increase in May, the National Bureau of Statistics (NBS) said Monday.This was the second consecutive month that China's property prices grew at a slower pace. Property prices in the 70 large and medium-sized cities grew 12.4 percent in May, 0.4 percentage points lower than that of April.On a monthly basis, June property prices in these cities fell 0.1 percent compared to the month before, the NBS said.New home prices rose 14.1 percent year on year in June, down one percentage point from May. Prices of second-hand homes gained 7.7 percent last month, compared with an increase of 9.2 percent in May.The Chinese government started a campaign in April to rein in soaring house prices, including tightened scrutiny of developers' financing, limited loans for third-home purchases, and higher down-payment requirements for second-home purchases.
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 9 (Xinhua) -- Chinese President Hu Jintao left Beijing on Wednesday for the 10th annual summit of the Shanghai Cooperation Organization (SCO) scheduled for June 10-11 in the Uzbek capital of Tashkent.Hu will also pay state visits to Uzbekistan and Kazakhstan as guest of Uzbek President Islam Karimov and Kazakh President Nursultan Nazarbayev respectively.Established in 2001, the regional body SCO now groups China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan.
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