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|SEOUL Authentic Orleans Darkwa Jersey , Oct. 18 (Xinhua) -- Prices for imported products in South Korea rose for three straight months in September due mainly to more expensive crude oil, central bank data showed Wednesday.
The import price index stood at 82.62 in September, up 1.7 percent from a month earlier, according to the Bank of Korea (BOK). It continued to rise from July, marking the highest in seven months.
The import prices are reflected in consumer prices with a certain time gap. Higher import prices were attributed to more expensive crude oil, which affects the broad range of products manufactured here.
Dubai crude, South Korea's benchmark, averaged 53.66 U.S. dollars per barrel in September, up 6.8 percent from a month earlier.
Prices for imported raw materials increased 2.7 percent, with those for intermediate products rising 1.8 percent.
Those for imported capital and consumer goods inched up 0.2 percent and 0.3 percent each last month.
Meanwhile, the export price index gained 0.9 percent in September from the previous month, continuing to rise for the third consecutive month.
LUOYANG, Henan Province, Oct. 17 (Xinhua) -- It takes four hours for a high-speed train to travel from the modern capital of Beijing to Luoyang, capital of China's first dynasty, the Xia (2070-1600 B.C.), in central China's Henan Province.
But it would take Luoyang almost six and a half years to produce what Beijing achieved last year in terms of GDP.
In historical documents and fiction, Luoyang is depicted as a mighty political center just like Beijing. By the middle of the 10th century, Luoyang was already a bustling metropolis, and had already spent half of its then-3,000-year history as the capital of 13 dynasties.
Today, the city resembles many of the country's other 600 cities. Visitors may hardly notice any trace of its past glory at first glance.
One reason is that its oldest architecture, which was made of wood, was destroyed by wars.
Despite being home to six UNESCO World Heritage sites, Luoyang is not as well known as western equivalents.
It is among several cities in China that had expanded away from instead of building on top of its ancients ruins in early 1950s.
The modern city landscape gives few clues of its historic past, except a designated field of 47 square kilometers, 10 times the size of Vatican City, in the downtown area.
Cultural relics have been detected underground. The city government has an ambitious plan to restore architecture of the 6th and 7th centuries.
"City planning and construction are intertwined with cultural relic protection," says Li Ya, Party secretary of Luoyang, "If we can handle them well, it will be a win-win situation. But if we mess it up, the relics will either constrain development or they will be damaged."
"President Xi Jinping told us to have pride in our culture," he says, "And people need something tangible to reach consensus on."
Luoyang is the home to the Chinese civilization origin. Archaeologists identify the Erlitou ruins discovered in Luoyang in 1959 as one of the capital cities during the Xia Dynasty.
The local government is investing billions trying to restore the grandeur of what is believed to have been world's most populous city at the end of the 7th century.
It hints, according to some experts, that China will not only continue to be an economic powerhouse, but also strive to pick up its lost glory as a major civilization. China is promoting its cultural values and making its voice heard worldwide.
Luoyang was at its peak during the Tang Dynasty (618-907), when China's sole empress, Wu Zetian, moved the capital there from Chang'an (today's Xi'an), during her reign from 690 to 705.
Following the rises and fall of dynasties, Luoyang gradually lost its luster as the center of China, and even of the world.
The city is underrated compared to other ancient capitals of China such as Xi'an which is known worldwide for its Terracotta Warriors.
Fallen but not forgotten, Luoyang was chosen as one of new China's heavy industry bases in the 1950s when the Communist Party of China (CPC) rebuilt the country after years of war.
Being the cradle of industries such as heavy mining machinery, tractors, bearings, nonferrous metal, and high-speed diesel engines, Luoyang has absorbed so many migrants that it became one of the most populated Chinese cities 60 years ago.
Today, Luoyang has more than 7 million people, about the population of Bulgaria. Its GDP in 2016 was valued at 379.5 billion yuan (about 57.5 billion U.S. dollars), ranking second in Henan Province, and 51st among all cities in China.
China's aggregate economic output last year exceeded 74 trillion yuan (about 11.2 trillion U.S. dollars), representing a growth rate of 6.7 percent, among the fastest in the world.
The economic miracle sustained for almost 40 years since the country adopted the reform and opening up strategy in 1978. Luoyang is a beneficiary of the process.
To inject more vigor into its economy and maintain sustainable growth, China introduced supply-side structural reform at the end of 2015, which is expected to receive an endorsement at the 19th CPC National Congress scheduled to open on Oct.18.
"As an old industrial base, Luoyang has no chance other than undertaking the reform to revive," says Li.
He summarizes the city's development strategy as "9+2". Basically it aims to build systems of modern innovation, modern industries, modern market, modern urbanization, modern infrastructure, cultural inheritance and creation, eco-environment, openness, and public services.
The strategy echoes the five development concepts of innovation, coordination, green development, opening up and inclusiveness, proposed by the CPC in 20 Great things about seo softwares .