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Economic Watch: China's industrial profits sustain sound growth in first three quarters******
BEIJING, Oct. 27 (Xinhua) -- Profits of China's major industrial firms maintained sound growth momentum in the first three quarters of the year as industrial production continued to recover and business operations kept improving, official data showed on Wednesday.
Industrial firms with annual business revenues of at least 20 million yuan (about 3.1 million U.S. dollars) saw their combined profits jumping 44.7 percent year on year in the January-September period to top 6.34 trillion yuan, data from the National Bureau of Statistics (NBS) showed.
The volume surged 41.2 percent compared with the 2019 level, putting the average January-September growth for 2020 and 2021 at 18.8 percent.
In September alone, profits of major industrial companies soared 16.3 percent year on year to 738.74 billion yuan, quickening from the 10.1-percent gain reported in August, according to the NBS.
In the first nine months, 29 out of 41 industries saw an expansion in their profits compared with the same period in 2019, while the overall performance of most industries was better than the pre-epidemic level, said senior NBS statistician Zhu Hong.
The high-tech manufacturing sector led the growth, with its profits growing 33.6 percent year on year over the same period.
In particular, boosted by the surging demand for vaccines at home and abroad, the pharmaceutical manufacturing sector continued high-speed growth since the beginning of the year and soared 66.8 percent during the period.
An obvious profit expansion in mining and raw material manufacturing industries has underpinned the headline figures, Zhu noted.
Profits in the coal mining industry jumped 272 percent year on year for the January-September period, while the oil and gas exploitation industry saw its earnings skyrocket 297 percent.
Zhu said that high commodity prices and unsmooth operations of supply chains have constrained the continuous improvement of the companies' profitability.
"The imbalanced profit distribution between upstream and downstream industries is meanwhile fairly prominent, and the foundation for the recovery still needs firming up," Zhu added. Enditem
Beijing 2022 Olympic medals design unveiled with 100 days to go (updated)******
BEIJING, Oct. 26 (Xinhua) -- Beijing 2022 unveiled the design of the medals for the 2022 Winter Olympic Games on Tuesday, exactly 100 days before the Games begins.
Chinese Vice Premier Han Zheng, also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, joined Olympic champions Yang Yang and Zhang Yufei in unveiling the Olympic medals at a ceremony in Beijing.
Named "Tongxin", meaning "Together as one", the medals feature five concentric rings embodying the traditional Chinese philosophy of harmony between heaven, earth and human beings. The rings also symbolize the Olympic rings, carved in the inner circle, and the Olympic spirit uniting the world through sport.
The surrounding grooved rings are engraved with the Games' official title, "XXIV Olympic Winter Games Beijing 2022," along with cloud and snowflake patterns, with the outer ring free of decoration.
The reverse side has the Beijing 2022 emblem at its heart, with the official name of the Games carved in Chinese below. The surrounding rings mimic star trails, with 24 dots representing the 24th edition of the Olympic Winter Games. The general picture, which resembles a celestial map, carries the wish that athletes achieve excellence and shine like stars at the Games.
The 2022 Paralympic medals, which were unveiled by Vice Premier Sun Chunlan, Paralympic champions Hou Bin and Rong Jing, share similar concentric-ring designs as the Olympic medals, but with the Paralympic logo in the center and "Beijing 2022 Paralympic Winter Games" engraved below. The words gold, silver or bronze are also inscribed in braille for the respective medals.
The emblem of the Paralympic Winter Games and 13 dots, referring to the 13th edition of the Paralympics, feature on the reverse side.
"The medals' design is an ode to the Olympic spirit that represents the top honor for athletes. Unveiling the design at the 100-day countdown, Beijing is voicing its readiness to welcome the world's best winter sports athletes to reach for the stars at the Olympic Winter Games," said Gao Tian, vice director of BOCOG's culture and ceremonies department.
The medal design was inspired from a piece of Chinese jadeware called "Bi", a double jade disc with a circular hole in the center. Just as jade is thought of as an auspicious and invaluable ornament in traditional Chinese culture, the medal is a testimony of honor and unceasing efforts by the athletes.
It is also a tribute to the medal design of the Beijing 2008 Summer Games, as explained by chief designer Hang Hai, who was also part of the team behind the unique 2008 Olympics medal design 13 years ago.
"The medal carries on the concept of jade from the 2008 Games, which underlines Beijing as the first city to host both summer and winter Olympics. At the same time, concentric circles have an air of togetherness, which signifies people around the world gathering to enjoy the happiness brought about by the Olympic Games with understanding between each other," said Hang.
"When athletes hold the medals in their hands, they will first touch the details of Chinese culture. Then if they look closely, they will see the cloud and snowflake patterns on the obverse side, and the celestial ones on the reverse side," Hang noted.
The medals will be attached to a silk ribbon, woven with snowflake patterns, and decorated with the Olympic rings and the name and the core graphics of the Games. Its red color is the most representative one for the Chinese New Year, as the Games will open on the fourth day of the traditional holiday.
The medal box features blue lacquer and uses bamboo as the main material. It captures a combination of Chinese style and sustainability as lacquerware were ritual objects during the Han Dynasty (202 BC-220 AD) and bamboo, a highly sustainable plant, embodies nobility and integrity in Chinese culture.
The Beijing 2022 Olympic Winter Games will take place from February 4 to 20, followed by the Paralympic Games. Enditem
Interview: German Nordic combined coach looks forward to Beijing 2022******
By Oliver Trust。
BERLIN, Nov. 22 (Xinhua) -- Hermann Weinbuch might fancy to call himself a passionate golfer and a fanatic footballer. To the public, the 61-year-old is known as Germany's reliable title and medal deliverer in his job as head coach for the country's Nordic combined athletes.。
In 26 years, the athletes of the three times World Champion won 49 medals at World Championships and Olympics. Gold in the Team Gundersen and both individual Gundersen events in 2018 stands for what he calls an "event of the century".。
The 2022 Beijing games will be the coaches' tenth Olympic outing. In Weinbuch's perspective, he this time finds himself ahead of challenging and particular competition.。
"We will experience perfectly organized events including outstanding venues," Weinbuch told Xinhua in an interview.。
But due to the effects of the worldwide COVID-19 pandemic, "we will see a lot of the Olympic flair being lost. Therefore, I expect well-oiled games but run in a rather sober and strict atmosphere. We all will miss enthusiastic fans supporting the athletes."
The German coach called the Beijing Winter Olympics a journey into the unknown. "It appears like a black-box," as venues and conditions are mainly new. Mixed feelings remain due to the circumstances, he said.。
Because the A-team is attending European World Cups, a B-team will participate in a continental cup run in Beijing in advance of the Games.。
Weinbuch hopes to receive detailed information about the venues' characteristics. German athletes might use 3-D goggles for filming.。
"Most modern venues have similar characteristics. In Sochi 2014 it was the same, we didn't know much about the venues before," the coach stated.。
Weinbuch announced to rely on similar patterns for preparation "as we concentrate on our team building and mental state" to compete successfully in an extremely challenging sport combining cross-country skiing and jumping.。
Weinbuch called it close to impossible to repeat the 2018 success as "four years in top sports are an eternity." He mentioned, the German team is containing a large group of experienced athletes trying to win a medal in every competition.。
"You have to preserve some calmness and use your gained knowledge to perform successfully," the German added.。
Developing a strong team might take longer than in any other sport. "Nordic combination is a team event; you have to feel well as a group," he said.。
Next to technical issues, an empathic approach is essential.。
"A successful coach must trigger emotions, primary instincts and select athletes who have skills in all sectors. Every athlete might need a particular approach to reach his highest level," Weinbuch commented. Enditem。