DAP: The breaking news in Cambodia: “China's stocks open lower Monday” plus 9 more

BEIJING, June 20 (Xinhua) -- China's stocks fell moderately at opening on Monday, with the benchmark Shanghai Composite Index down 0.26 percent, or 6.98 points, to open at 2,635.83.
The Shenzhen Component Index opened at 11,408.36, down 0.8 points.

BEIJING, June 20 (Xinhua) -- The Chinese currency Renminbi, or the yuan,strengthened by 20 basis points to 6.4696 per U.S. dollar on Monday, according to the China Foreign Exchange Trading system.
On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each trading day.
The central parity rate of the RMB against the U.S. dollar is based on a weighted average of prices before the opening of the market each business day.

BEIJING, June 20 (Xinhua) -- China's stock index futures opened mixed on Monday with the contract for settlement in July, the most actively traded, opening flat at 2,888.
The August contract opened 7.6 points lower at 2,901.6.
The contract for settlement in September opened 0.8 points lower at 2,911.2 points.
The contract for settlement in December opened at 2,968 points, up 6.8 points from the previous close.
The stock-index contracts, agreements to buy or sell the Hushen 300 Index at a present value on an agreed date, are designed to allow investors to bet on and profit from both gains and declines in the market.
The index futures were launched at the China Financial Futures Exchange (CFFEX) and started trading from April 16, 2010. The CFFEX has set the base value for all the four contracts at 3,399 points.

BEIJING, June 20 (Xinhua) -- ChiNext Index opened at 800.62 points Monday, 2.02 points lower from the previous close on Friday.
The index, officially launched on June 1, 2010, on the Shenzhen Stock Exchange, has a base value of 1,000 points.
The ChiNext Index, together with the Shenzhen Component Index and the Shenzhen SME (small and medium-sized enterprises) Board Index, makes up the three core indices reflecting the performance of China's stocks listed on the Shenzhen Stock Exchange.

BEIJING, June 20 (Xinhua) -- China's lottery sales in the first five months rose 32.5 percent year-on-year to 83.69 billion yuan (about 12.88 billion U.S. dollars), the Ministry of Finance (MOF) announced Monday.
Sales of welfare lottery tickets during the period jumped 32.1 percent year-on-year to reach 48.53 billion yuan while sales of sports lottery tickets rose 33 percent year-on-year to 35.16 billion yuan.
In May alone, lottery sales reached 18.73 billion yuan, up 29.7 percent from the same period last year, the MOF said in a statement on its website.
According to China's Regulations on Lottery Management, funds generated through lotteries are divided into three parts: the jackpot, lottery management fees, and lottery public funds which should be spent as stipulated on financing social welfare causes.

BEIJING, June 20 (Xinhua) -- Following are home news items to be covered or pursued by Xinhua on Monday:
-- News Analysis: Yuan's greater flexibility eyed after one year's reform
-- China to launch new communication satellite
-- Rescue of 9 construction workers in east China building collapse
-- Battle against flooding continues in south China
-- China Focus: Cruise finds favor among China's middle class
-- China Exclusive: Extinction-threatened Qiang culture calls for protection after devastating earthquake
-- Wind turbine makers in China captivated by offshore potentials

TV News Magazine: CHINA VIEW
1, Click on Today
2, Xinjiang's lost children returned home
3, Stone collector makes 108 stone dishes
(14:30,19:30, 23:00)
Editor's Notes: China View from CNC World is a 30-minute daily English in-depth news program that brings global audience a panorama of what happens across China and face-to-face interviews over hot issues in China that interest people around the world.
Global viewers can tune into CNC English programs via Asia-Pacific Satellite-6 at 134 degrees east longitude, with parameters set as "6065MHz/3840MHz." The programs can also be viewed at www.cncworld.tv.

NANJING, June 20 (Xinhua) -- About 200 rescuers working overnight have saved seven out of the 16 construction workers buried under rubble in an east China city after a building they were renovating collapsed, local authorities said Monday.
The latest survivor was found at 2 a.m. Monday, local officials said, adding that the rescue faces huge difficulties. All the rescued have been taken to hospital, they said.
The accident occurred Sunday morning when a dilapidated four-story recreation center for seniors in the city of Wuxi, eastern Jiangsu Province, partially collapsed. The third floor collapsed upon the second floor when workers were renovating the building.
The authorities have not confirmed any deaths from the accident.
Local officials are still investigating the cause of the collapse and have ordered strengthened safety oversight of the city's old buildings saturated after days of heavy rain.

CHENGDU, June 20 (Xinhua) -- Although Wei Jun comes from Beichuan Qiang Autonomous County, the worst hit county of the 2008 earthquake in China's southwestern Sichuan Province, neither does she know the origin of her ethnic symbol flower, nor does she speak the Qiang language.
The 25-year-old girl realizes her identity as a Qiang person only when she sings a toast song in the traditional Qiang clothes with unique Qiang embroidery floral patterns during festivals.
The Qiang ethnic minority, with a history of more than 3,000 years, is one of the original ethnic groups in China. It has a population of around 300,000, who mostly inhabit mountainous areas in the Aba-Tibetan Qiang Autonomous Prefecture in Sichuan.
The Qiang people have created a unique culture, which consists of a variety of invaluable intangible cultural heritage.
It is not weird that Wei is unfamiliar with her ethnic tradition since she has been set adrift due to her parents' frequent migration for a living.
More and more Qiang people have left their remote hometowns for big cities to seek fortune. Therefore, they have grown gradually apart from the original Qiang culture.
"Along with social transformation and modernization, the Qiang culture faces the edge of extinction," says Tan Jihe, an expert on Qiang ethnic minority.
The vulnerable culture suffered from even worse destruction after the Qiang areas were stricken by the fatal earthquake on May 12, 2008, which left a total of 87,000 people dead or missing and millions homeless.
All of the six Qiang counties in Sichuan Province were affected in the disaster. The traditional Qiang buildings, cultural heritage and sites were destroyed. What was worse, 224 ancient buildings in the oldest and largest Qiang stockade village, Luobozhai Village, collapsed in the quake leaving only rubble.
The Qiang population has declined by about 10 percent. Many elderly who knew the Qiang language and culture were killed or seriously injured in the quake and as a result the extraordinary skills of Qiang embroidery, carving crafts, and flute playing were diminished.
"The unique characteristic of Qiang culture is that the Qiang people have no written scripts but rely on oral communication only," says Zheng Xiaoxing, director of the Sichuan Provincial Department of Culture.
The Qiang culture faces an unprecedented challenge brought about by the quake, according to Zhang.
The rebuilding plan worked out by the Chinese government has included rescue work of the endangered Qiang culture in the quake-stricken areas.
During the past three years, hundreds of Qiang stockade villages and watch towers have been renovated to maintain their original appearances. Some intangible cultural heritage museums were built in the Qiang areas.
"For sake of money, many young Qiang people are not so interested in their traditional cultures," says Chan Xi, vice head of Chenjiaba Town in the Qiang county in Beichuan.
However, a new trend of picking up the traditional Qiang embroidery skill has been seen with the encouragement from the local government.
Wei Jun has witnessed the change. She works in a local Qiang embroidery producing company.
"Since plenty of tourists visit our town, the Qiang embroideries are very popular to them," Wei says. "We can have more understanding of our culture and gain some money as well."
As an ambitious Qiang man, Chan Xi, who has a dream of fostering and enhancing the Qiang culture, has created two websites about Qiang culture.
He believes that young people from the Qiang ethnic minority are obligatory to inherit the splendid culture with confidence and identification.

by Xinhua writers Wu Qi and Wu Yu
SHANGHAI, June 20 (Xinhua) -- The country's leading wind turbine makers are vying with each other to push forward big-capacity wind turbines in a bid to win a slice of China's offshore wind power development.
At the Offshore Wind China 2011, Asia's largest annual offshore wind industrial gathering held from June 15 to 17 in Shanghai, Guodian United Power, China's fourth largest wind turbine maker, announced it would roll out a six-mw prototype for offshore wind farms by the end of the year and would develop 12-mw turbines next year.
Shanghai Electric, the seventh largest turbine maker, said it would produce a five-mw offshore turbine late this year or early next year.
Goldwind, China's second largest turbine maker, said it would produce a six-mw prototype late this year or early next year, and produce six-mw turbines in bulk in 2014.
The wind power branch of China Shipping Industry Corporation, based in the southwestern municipality of Chongqing, the 11th largest turbine maker, also edged into the tangled competition, saying it would produce a five-mw prototype in October.
Prior to this, last October, Sinovel, China's largest wind turbine manufacturer, took the lead to produce the country's first doubly-fed five-mw wind turbine. This turbine will be installed in a pilot offshore wind farm in Shanghai in August.
In May, Sinovel produced China's first six-mw wind turbine, and it has now set its sights on developing ten-mw turbines.
Last October, a few days after Sinovel, Xiangtan Electric Machinery(XEMC), based in central Hunan province, produced China's first five-mw direct-drive permanent magnetic offshore wind turbine. By the end of June, XEMC will install a prototype wind farm in the Netherlands and in China's southeastern Fujian Province, respectively.
The great mass fervor of leading Chinese wind turbine makers in producing large-capacity offshore wind turbines shows, as industry officials have put it, that China has stepped into the transition period toward developing offshore wind power with five-mw and six-mw turbines.
To date, China's land-based wind farms largely use 1.5-mw turbines.

OFFSHORE WIND A PRIORITY
Compared with the surging expansion of land-based wind power, China has only begun to tap offshore wind power, industry officials said.
So far, China has installed only 142.5 mw offshore wind turbines, less than one percent of China's cumulative wind-installed capacity and about one-thirtieth of the global offshore wind installed capacity.
However, China is widely seen as the most promising offshore wind power developer outside Europe before 2020. The next five years will witness the swift expansion of Chinese offshore wind farms, according to China's 12th Five-year Plan (2011-2015).
China boasts rich offshore wind power resources. According to the China Meteorological Administration, China has about 200 gw of offshore wind resources in sea areas five to 25 meters deep when turbines are erected 50 meters above sea level.
China's offshore wind farms are based along the east coast where the country's economic powerhouses reside, so that makes it easier for users to access.
Shi Lishan, deputy director of the new energy and renewable energy department of National Energy Bureau (NEB), said offshore wind power development will be a priority of China's wind-power industry.
To facilitate the development, NEB and other central government departments are drafting detailed provisions governing offshore wind power development on the basis of an interim measure promulgated in 2010.

MASSIVE BUSINESS OPPORTUNITIES
As a result of five years of three-digit annual growth, energy companies have carved up areas with favorable conditions for onshore wind power development. The top five state-owned power companies, along with local energy investors, have invested heavily for early stage offshore wind exploration.
Industry insiders said NEB is considering launching its second public tender for offshore wind power concession projects in the first half of next year. It will be two gw to double the size of the first public tender, which was completed last year in eastern Jiangsu Province.
Yi Yuechun, deputy chief engineer of China Hydropower Planning and Designing Institute, said these pilot offshore wind farms will raise large demands for offshore wind turbines and subsequently promote astounding advances of the Chinese wind turbine manufacturing sector.
According to the 12th Five-year Plan, China will have five gw of offshore wind installed capacity by 2015. Industry officials estimate China will have 30 gw of offshore wind installed capacity by 2020.
Tao Gang, vice president of Sinovel, said this means China will need about 6,000 units of five-mw turbines by 2020 -- a lucrative business opportunity.

CREDIBILITY
Despite the attractive business opportunities, industry insiders question if wind-turbine makers will be able to supply so many quality offshore wind turbines, since offshore wind farms are more complicated constructions than land-based wind farms.
By the end of 2010, China replaced the United States as the world's largest in installed capacity, totaling 44.7 gw.
However, such rapid advances have exposed hidden problems in China's wind power development, as the country has witnessed three large-scale breakdowns that disconnected hundreds of wind turbines from the grid so far this year.
Meng Lingbin, deputy general manager of Datang Renewables, a leading wind farm operator, said, "It will take about 10 minutes to have a minor turbine fault rectified on land, but for offshore wind farms, it might take weeks to repair a minor fault if under stormy conditions."
Zhou Fengqi, vice chairman of China Energy Association, said it costs several million yuan to hoist an offshore wind turbine for simple maintenance, not to mention big incidents.
In the view of Xie Changjun, general manager of Longyuan Power, China's largest wind farm operator, China's objective of developing five gw of offshore wind power by 2015 is proper.
Xie said the blowout-style development of China's onshore wind farm development is unfit for offshore wind power exploration, so China shouldn't develop offshore wind power by leaps and bounds.
Xie said he had not found out any offshore wind turbines in the country to satisfy him.
To seek turbines that meet his standards, Xie has set up a pilot inter-tidal wind farm in Rudong, Jiangsu Province, to test 16 turbines from eight manufacturers.
Xie said the strategy would be to gradually tap offshore wind power, and large-scale offshore wind development might start in his company after 2015.

STEADY PROGRESS
Ole Hermansen, director of the offshore wind power division of Siemens (China), said the biggest difference between China and Europe in wind power development is the construction speed. In Europe, an offshore wind farm is developed in five to six years, but it's a totally different story in China, Hermansen said. As he sees it, Europe develops too slowly, while China advances too fast. He prefers a middle course.
Despite the technological threshold in offshore turbine development, leading Chinese wind turbine makers remain eager to go into the business.
"Our policy is to pay close attention and advance steadily in offshore turbine production," said Sun Lixiang, deputy general manager of Guodian United Power.
Goldwind also said it would be cautious rather than advancing rashly in offshore turbine development.
Wu Gang, Goldwind's chairman, said high credibility of wind turbines depends on mature research and development and continual testing, and premature advance will only bring heavy losses, which wastes precious resources.
However, business insiders said it is unnecessary to take offshore wind power as something mystical under the premise of cautious progress.
Tao said the domestic turbine manufacturing sector is advancing healthily and steadily. "About six years ago, when we started to develop mw-level turbines, we were told China could not produce such machines."
He went on to say that although they lacked a supporting production chain, they persevered through joint efforts with component suppliers and developed high-quality mw-level turbines.

BEIJING, June 20 (Xinhua) -- Chinese shares closed lower in the morning session on Monday, weighed by lingering concerns over possible tightening measures to tame inflation.
The benchmark Shanghai Composite Index fell 0.88 percent, or 23.2 points, to finish the morning break at 2,619.62.
The Shenzhen Component Index dropped 55.68 points, or 0.49 percent, to end at 11,353.48.