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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, Aug. 19 (Xinhua) -- Chinese State Councilor Liu Yandong said on Thursday China would strive to set up a scientific and effective system for the protection of the country's intangible cultural heritage (ICH).Governments at all levels must take the initiative in safeguarding ICH and, incorporate it into the work agenda and assessment system of officials, said Liu at a ceremony awarding certifications for China's UNESCO ICHs in Beijing.She called for enacting related laws and regulations, as well as resolute measures to prevent the ravaging and destruction of ICHs by over-exploitation for economic purposes, such as tourism.She also called for more funding and international cooperation in safeguarding ICHs.China is a country with a rich cultural heritage. So far, a total of 29 cultural heritage categories have been included in the UNESCO ICH list.

TORONTO, Canada, June 26 (Xinhua) -- Chinese President Hu Jintao visited an aircraft manufacturing facility on Saturday morning, in a gesture to show that China attaches importance to expanding mutually beneficial cooperation with Canada.Bombardier, a Canada-based global manufacturer of planes and trains, has cooperation projects with China in the areas of civil aviation and rail transportation.It has been working with the Shenyang Aircraft Corporation (SAC) of China to jointly develop and manufacture the innovative C series of airplanes.Hu toured the factory to have a close look at the components of the Q400 aircraft, which was partly manufactured in Shenyang. He took a photo with Pierre Beaudoin, president and chief executive officer of Bombardier Inc., in front of the components made in China.Visiting Chinese President Hu Jintao (L, front) visits the cabin of an aircraft during a tour of the aircraft factory of Bombardier Aerospace in Toronto, Canada, June 26, 2010.The president also went aboard a Q400 aircraft and a Global 5000 jet on display in the factory. He expressed the hope that the cooperation between Chinese companies and Bombardier would have an even better future.Bombardier has developed a strong strategic partnership of mutual trust and mutual benefit with China, Beaudoin said.President Hu's visit is of great significance for advancing cooperation between Bombardier and its Chinese partners, he said.Bombardier is ready to work with its clients and cooperative partners in China to create a better future, he added.He also expressed the hope that Canada and China would develop an even stronger, constructive and sustainable relationship.Bombardier has set up three joint ventures and six wholly owned enterprises in China, all in the rail transportation industry.In recent years, Bombardier has identified China as an emerging market for its commercial aircraft and enlisted several local subcontractors for making aircraft components. The Canadian company now has offices in Beijing, Shanghai, Guangzhou and Hong Kong.Hu arrived in Toronto on Friday afternoon after spending three days in Ottawa, where he and Canadian Prime Minister Stephen Harper witnessed the signing of a number of documents on cooperation between the two countries.Hu is to attend a summit of the Group of 20 countries in Toronto at the weekend.

SALZBURG, Austria, June 21 (Xinhua) -- Visiting Chinese Vice Premier Zhang Dejiang met here Monday with governor of the Austrian state of Salzburg Gabi Burgstaller.Zhang said China-Austria relations have developed smoothly with strengthened cooperation in various fields, and the two governments have actively boosted interregional cooperation between the two countries.The state of Salzburg has abundant resources of tourism and culture, and rich experience and technology on environmental protection and culture industry, said Zhang, adding Salzburg has set up friendly relations with China's Shanghai city and Hainan province and carried out fruitful cooperation.Zhang expressed his hope that the two countries would enhance interregional cooperation for the sake of common development.Visiting Chinese Vice Premier Zhang Dejiang (L) meets with governor of the Austrian state of Salzburg Gabi Burgstaller in Salzburg, Austria, June 21, 2010.Burgstaller said the Chinese government, in addressing the international financial crisis, made proper policies and played a positive and important role in boosting world recovery.Burgstaller said Salzburg has established friendly ties with some Chinese provinces and cities, adding they have carried out very effective and smooth cooperation.Salzburg hopes to further understand and learn from China through cooperation with Chinese provinces and cities, and expand exchanges and cooperation, she added.Zhang also met with mayor of Salzburg city Heinz Schaden.

MOSCOW, June 24 (Xinhua) -- Mayors of Beijing and Moscow signed here Thursday cooperative plan between the two cities for 2010- 2012.Moscow Mayor Yuri Luzhkov introduced the municipal administration, city plan and economic development to his Beijing counterpart Guo Jinlong, who led a delegation for a visit to Russia starting from June 20.Based on the cooperative plan, official delegations will engage in mutual visits during the three years, as well as exchanges between experts on energy efficiency, security, telecommunications, mass media and management.The plan said both sides would expand cooperation and provide support for each other on promoting economy, city plan and technologies.The two cities would also further develop collaboration and contact in education, social security, environment protection, heritage conservation, culture, sanitation, sports, city infrastructure, among other things.Beijing municipal government also donated two buses with green energy to Moscow.