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BEIJING, Oct. 29 (Xinhua) -- China Merchants Bank said Friday its profit rose 57.4 percent to 20.59 billion yuan (3.07 billion U.S. dollars) in the first three quarters from one year earlier.The jump in net profit was mainly due to higher interest income, the bank said in its business report filed with the Shanghai Stock Exchange.Also, total assets of the mid-sized lender had expanded to 2.36 trillion yuan by the end of September, up 14.10 percent from the end of 2009.Additionally, the bank's non-performing loan ratio was 0.64 percent, down 0.18 percentage points from the beginning of this year.Shares of the bank were down 2.41 percent at 14.57 yuan in Shanghai and down 1.13 percent at 21.95 HK dollars in Hong Kong Friday.

XICHANG, Sichuan, Sept. 5 (Xinhua) -- China successfully launched the "SinoSat-6" satellite for radio and television live broadcast at 12:14 a.m.Sunday from the Xichang Satellite Launch Center in southwest China's Sichuan Province.The satellite was carried on the Long March 3B rocket which took the SinoSat-6 into a geostationary transfer orbit 26 minutes after the launch.In the following days, Xi'an Satellite Control Center and Yuanwang tracking ship will manipulate the satellite's position and transfer it to enter the geostationary orbit.SinoSat-6 has a designed lifespan of 15 years and will eventually work at longitude 126.4 degrees east about 35,700 kilometers above the equator, said the China Aerospace Science and Technology Corporation (CASTC), the satellite's researcher and producer.It will mainly serve for relaying TV and radio live broadcast signals and will greatly improve cultural life for people living in remote and mountainous regions, according to China Satellite Communications Corporation which will operate the satellite.China has launched the first SinoSat series satellite, SinoSat-1, in 1998. The SinoSat-2 was launched in 2006 but malfuctioned for it failed to deploy its solar panels and communication antennae.SinoSat-6 will serve as a substitute for SinoSat-3 which was launched on June 1, 2007, according to the China Aerospace Science and Technology Corporation.

BEIJING, Sept. 8 (Xinhua) - A senior Chinese leader has urged governments and people in Heilongjiang Province, an industrial and grain production base of China, to tap its unique potentials for a "leapfrog development."He Guoqiang, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, on Wednesday wrapped up his six-day inspection tour in the northeastern province.He urged the province to speed up the transformation of the economic growth pattern, maintain a stable and relatively rapid development and rejuvenate the old industrial base.Great importance should be attached to boosting innovation and sharpening the competitive edge of local products, He said during his visit to two major industrial enterprises.Also, land-reclamation enterprises should promote agricultural development in an intensive and specialized way, said He while touring the Beidahuang land-reclamation districtHe urged government departments to ramp up measures to prevent pollution and forest fires while inspecting the Daxinganling forestry district.He also insisted that local authorities improve infrastructure construction as well as people' s living conditions to further promote the integration of cities and the countryside.He, who is in charge of disciplinary work in the CPC Central Committee, asked local disciplinary and supervisory officials to promote clean governance and intensify the fight against corruption.

UNITED NATIONS, Sept. 24 (Xinhua) -- Chinese Premier Wen Jiabao met here with U.S. President Barack Obama on Thursday, focusing on bilateral ties and regional and world issues and calling for more cooperation.China and the United States can deepen their cooperation on significant international affairs and major regional issues as well as on efforts to handle global financial woes and climate change, Wen said.He said China and the United States could forge an even closer and wider-ranging trade and financial relationship. Chinese Premier Wen Jiabao (L) meets with U.S. President Barack Obama in New York, the United States, Sept. 23, 2010.At the beginning of the meeting, Wen said the China-U.S. relationship has advanced beyond the bilateral scope and has a major impact on the world.The common interests of the two countries far outweigh their differences, Wen said.Although there exist differences between China and the United States, the problems can be well solved through dialogue and cooperation, the premier said.Obama, for his part, noted that since taking office, he has had good cooperation with the Chinese leadership. The United States will continue to enhance its ties with China on the basis of common interests and mutual respect, Obama added.The two sides have already cooperated on a range of important issues, including the global financial crisis, and have also cooperated well under the G-20 framework, the president said.

BEIJING, Sept. 20 (Xinhua) -- Chinese Vice President Xi Jinping Monday urged the Communist Party of China (CPC) committees of the Party and government institutions to take the lead to strengthen Party building.Xi, also a member of the Standing Committee of the Political Bureau of the CPC Central Committee, made the remarks during an inspection tour of the Ministry of Land and Resources.He also said those Party committees should focus on accomplishing the major tasks of the Party and government institutions.He urged the Party committees to work harder to serve the top agenda of the Party and the State, including by accelerating the transformation of the nation's economic growth model, guaranteeing and improving people's livelihoods, and promoting social harmony.