China to Raise on Grid Price of Coal-fired Power Plants 

According to the country's economic regulator, China raised the price of coal-fired electricity, at which power grid operators buy from generators beginning from today, in a bid to ease cost pressure for generators and power shortage. The on-grid price of coal-fired electricity will be raised by 0.01 yuan (0.145 U.S. cents) to 0.025 yuan per kilo watts, the National Development and Reform Commission said in a press release. Power prices in the northwest Xinjiang Uygur Autonomous Region and Tibet will remain unchanged.

China Allocates $512 mln to Support Small Enterprises

China's Ministry of Finance (MOF) yesterday announced the country would earmark 3.51 billion yuan (511.6 million U.S. dollars) this year to support the development of domestic small- and medium-sized enterprises.

Guangdong Assists the Disabled in Wenchuan

The Guangdong Disabled Persons Federation set up special placement for disabled people from Wenchuan Town. Five people, who are blind, started their 3-month massage training class at the Guangdong center this morning. Work placements and job seeking assistance will also be provided by local government.

The powerful earthquake has caused more than nine thousand people to acquire a range of disabilities in Sichuan Province. To relief the distress, the Guangdong Disabled Persons Federation has established a three-year reconstruction plan and put more than 6 million yuan to assist those with disabilities with skills training. About 300 people will arrive in Guangdong over the coming months.

Nuri is Expected to Hit Guangdong

The12th tropical storm of this year - Nuri, the strongest typhoon so far, is to gradually moving toward the coast ares of Guangdong province tomorrow. Experts said, Nuri is expected to land on Guangdong the day after tomorrow, bring down the high temperatures and large amounts of rainfalls on Friday (Aug 22nd) and Saturday (Aug 23th).

China Equities Rebound More Than 7% on Regulator Comment

Chinese shares surged more than 7 percent today, snapping a prolonged losing trend, as investors reacted to a Tuesday night statement by insurance regulators expressing support for the market. The benchmark Shanghai Composite Index rebounded 7.63 percent, or 178 points, to 2523 points. The Shenzhen Component Index closed at 8531 points, up 567 points, or 7.13 percent.