The following are China news stories moved by Xinhua News Agency as of 16:00 GMT, July 7: TOP STORIES * China to address problems on central budget implementation in 2009 BEIJING, July 7 (Xinhua) -- China's government has stressed the need to fix problems discovered in audits on implementing the central budget in 2009, said a government statement Wednesday. The statement came out of an executive meeting of China's State Council, or Cabinet, which was chaired by Premier Wen Jiabao Wednesday. * Death toll from northwest China's floods rises to 12 selfnewsING, July 7 (Xinhua) -- At least 12 people were dead and three remain missing after torrential rains-triggered flash floods struck villages in northwest China's Qinghai Province, local officials said Wednesday. * Yushu quake zone clear of public health problems: Health Ministry BEIJING, July 7 (Xinhua) -- China's Health Ministry Wednesday said no major communicable disease or public health emergencies had occurred in the northwestern Yushu prefecture since it was struck by 7.1-magnitude earthquake in April. 1st Ld-Writethru: Former senior Chinese police official stands trial on corruption charges XI'AN, July 7 (Xinhua) -- Zheng Shaodong, former Assistant Minister of Public Security, went on trial in northwest China Wednesday on charges of accepting bribes and abusing his authority. 1st-Ld-Writethru: Justice official executed in China's Chongqing CHONGQING, July 7 (Xinhua) -- A former senior justice official was executed Wednesday in southwest China's Chongqing Municipality, the city's higher court said. BUSINESS & FINANCE * China's forex reserves not 'atomic weapon': SAFE BEIJING, July 7 (Xinhua) -- China's State Administration of Foreign Exchange (SAFE) Wednesday rejected concerns that it would use China's foreign exchange investments as an 'atomic weapon' against investment targets. * World Bank offers 100 mln USD in loans for China's forestry BEIJING, July 7 (Xinhua) -- The World Bank has approved loans totaling 100 million U.S. dollars to five provinces of China to promote integrated forestry, the bank's China office announced Wednesday. * Chinese steel maker buys rights to mine Australian iron ore WUHAN, July 7 (Xinhua) -- China's third largest steel maker, Wuhan Iron and Steel Corporation (WISCO), completed a joint venture on Wednesday with Australian Centrex Metals Ltd corporation (CXM) to develop iron ore mines on south Australia's Eyre Peninsula. * Agricultural Bank of China sets A-share IPO price at 2.68 yuan BEIJING, July 7 (Xinhua) -- Agricultural Bank of China (ABC), the last of the country's largest four banks to go public, announced Wednesday that it has set its A-share initial public offering (IPO) price at 2.68 yuan per share, hitting the high end of its IPO price range. * China steel giant calls for fair market environment in U.S. SHENYANG, July 7 (Xinhua) -- China's Anshan Iron and Steel Group Corp. called for maintaining a fair market environment in the U.S. on Wednesday after 50 U.S. lawmakers sought to block its investment in a U.S. steel company. * China to issue 29.97 bln yuan of book-entry T-bonds BEIJING, July 7 (Xinhua) -- China's Ministry of Finance (MOF) said Wednesday it will sell 29.97 billion yuan (4.43 billion U.S. dollars) of five-year book-entry treasury bonds, the 20th batch this year, from July 8 to 12. FEATURE: * China Focus: Peace highlighted on anniversary of war against Japanese aggression BEIJING, July 7 (Xinhua) -- Holding her television's remote control, An Hongrong changed channels from time to time to search for any documentaries or movies telling the story of China's eight-year war of resistance against Japanese aggression that began on July 7, 1937 in Beijing. * China Focus: Soaring wheat prices make farmers reluctant to sell NANJING, July 7 (Xinhua) -- Chinese farmers are holding their wheat and reluctant to sell on expectations that the current high prices would continue to rise as market reflects that wheat production and quality might be affected by persistent low temperatures during the growing season. YOUR QUERIES: Duty editor: Lu Chuanzhong @ 8610 6307 3665 