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SHENZHEN, Feb. 7 (Xinhua) -- China started construction of the eastern segment of the country's second West-East natural gas pipeline in Shenzhen City, Guangdong Province on Saturday. Chinese Vice Premier Li Keqiang attended the kick-off ceremony announced the start of the construction. The pipeline, the second after the first West-East natural gas transfer project, will cross 15 regions and carry 30 billion cubic meters of natural gas every year to Zhejiang, Shanghai, Guangdong and Hong Kong, among others. When visiting the construction site, Li said the pipeline under construction is the country's most expensive energy project in decades and the world's longest natural gas pipeline. It is of great importance to ensuring China's energy security, coordinating regional economic development, deepening the ties between Hong Kong and inland provinces and promoting economic growth. The 8,704 km pipeline will be made up of one trunk line and eight sub-lines. Construction of the west segment of the pipeline was started in February 2008 and is expected to be completed by the end of the year. The whole line will be operational by the end of 2011. As China battles the financial crisis and expands its domestic demand, the second West-East gas pipeline project is a landmark project that will boost people's confidence to overcome the crisis, said an official with the National Development and Reform Commission. The total investment of the second West-East gas pipeline was 142.2 billion yuan (20.82 billion U.S. dollars). The eastern segment stretches 2,472 km, with an investment of 93 billion yuan. The government approved the east segment project during an executive meeting of the State Council or the Cabinet last November, in a hope to ease natural gas shortage, boost economic development and popularize utilization of clear energy. Zhou Dadi, a researcher with the Energy Research Institute of National Development and Reform Commission said the construction of the gas pipe is essential for China to increase gas resources and ensure energy security. It is hoped that construction will boost consumption and increase investment amid a world economic downturn, Zhou added. It is estimated that investment will top 300 billion yuan in other relevant industries, including machinery production, electric technology, and construction material sectors. Dong Xiucheng, professor with China University of Petroleum said this project will help China increase clean energy consumption. In China, coal makes up 70 percent of the total energy consumption, 40 percentage points higher than the world average. Natural gas consumption only accounts for three percent of the total. The completion of the second pipeline is expected to save 11.06million tonnes of coal every year. The first West-East gas pipeline was finished in 2004. It has provided 42 billion cubic meters of gas to 3,000 factories and nearly 200 million people over the past five years Wang Yang, secretary of the Guangdong Provincial Committee of the Communist Party of China, and Donald Tsang, chief executive of the Hong Kong Special Administrative Region, also attended Saturday's ceremony.
BEIJING, March 9 (Xinhua) -- Chinese President Hu Jintao called for the building of a Great Wall of stability in Tibet here on Monday, prior to the 50th anniversary of the foiling of an armed rebellion led by the ** Lama's supporters. Hu stressed the necessity to promote development and stability in Tibet when joining a panel discussion with deputies of the National People's Congress (NPC) from the Tibet Autonomous Region. Chinese President Hu Jintao (2nd R) joins a panel discussion with deputies to the Second Session of the 11th National People's Congress (NPC) from southwest China's Tibet Autonomous Region, in Beijing, capital of China, March 9, 2009"We must reinforce the solid Great Wall for combating separatism and safeguarding national unity, so that Tibet, now basically stable, will enjoy lasting peace and stability," said Hu. He urged Tibet authorities to implement the central government's policies on Tibet, focus on development and stability issues, attain an economic great-leap-forward, safeguard "national security" and "social stability", and keep improving people's living standard, in order for them to make new progress in the building of "a unified, democratic, prosperous and harmonious socialistic new Tibet." In pursuing economic development, Hu said, Tibet must stick to the development road with Chinese characteristics and Tibetan features so as to strengthen the material foundation for the building of socialistic new Tibet. The President urges Tibet to vigorously advance the program of building "socialist new villages," develop industries with distinguished features" and strengthen ecological and environmental protection. Hu expressed the hope that Tibet should embark on more projects that will directly result in the improvement of people's life and working conditions, particularly those of farmers and herdsmen. The government must also give priority to addressing people's immediate needs, so that people of all ethnic groups in Tibet will be able to share the fruit of development, he said. READY TO HANDLE INCIDENT Hu's remarks came ahead of several sensitive dates in Tibet. Tibet will mark the 50th anniversary of the abolishment of slavery and the theocratic regime of the ** Lama on March 28. On March 10, 1959, in an attempt to preserve the old serfdom, the nobles and slave owners staged an armed rebellion, which was foiled by the central government of China. The riot changed everything in Tibet. The Communists soon decided that democratic reform should be carried out immediately to demolish the entire old system led by the ** Lama. The Preparatory Committee of Tibet Autonomous Region replaced the Gaxag government and set out to lead the reform. From 1959 to until 1966, 1 million slaves were granted land, houses and their freedom. The ** Lama, who fled to India, has maintained a government-in-exile since 1959, and China has charged that this group was behind the riot in Lhasa on March 14 last year and other Tibetan areas of China. Earlier on Sunday, Legqog, chairman of the Standing Committee of the Tibet Autonomous Region People's Congress, said the ** clique has increased its secessionist and sabotage activities in Tibet this year. "They made attempts to make trouble through collusion with those inside or even sending in their people," he said. "Although Tibet is currently very stable, our troops are ready to handle any infiltration and sabotage activities by the ** Lama clique and other hostile forces," Kang Jinzhong, political commissar of armed police corps in Tibet, told Xinhua Monday. "All the armed police forces across Tibet are on routine duty. The armed police force has the ability to handle any emergencies an any time," he said. Tibetan people are "very simple and kind" and their heart stood with the Party, according to Kang, who has been working in Tibet for more than three year. "If there were really disturbance, it must be caused by a few people instigated under the disguise of religious cause," he said, adding up to now armed police in Tibet had not found any "abnormal situation." Kang said some hostile forces or "a handful of people" might be making preparations for making trouble, but their conspiracy would not succeed. Some overseas media have reported that conflict might arise at any time in Tibet, but Kang said that was "purely talking nonsense." "I am completely relaxed. To be frankly, if Tibet were in a tense situation, I would not have come here for the parliamentary session or talk to you," he told Xinhua, adding, "I'm confident so I'm here for the session." Kang said Tibet did not experience any instability after the March 14 riot in Lhasa. The riot, occurring in Lhasa during last year's parliamentary session, caused 18 deaths and huge economic losses. BORDER CONTROL TIGHTENED In the riot last year, innocent civilians suffered the most. Tibetan businessman Losang still keeps photos of the damage to his souvenir store near Lhasa's Jokhang Temple. "They broke the glass and took away some of my most valuable items." Losang feels easier seeing police and soldiers of the People's Liberation Army patrolling Lhasa's streets. "Tightened security is a good thing for business people and all residents." "Who cares what other people think of the tightened security in Lhasa?" said a Tibetan woman who was taking her preschool daughter for a walk in a park near the Potala Palace. "It's always easy to point a finger at others, but we are the ones who actually went through the tragic experience last year," she said. "If not for the police and PLA, I wouldn't have dared to take my daughter out to the streets now." Expecting possible sabotage activities by the ** Lama clique, a senior police officer said here Monday that border control has been tightened in Tibet. "We have made due deployment and tightened controls at border ports, and key areas and passages along the border in Tibet," Fu Hongyu, Political Commissar of the Ministry of Public Security Border Control Department. "We will firmly crackdown on criminal activities in Tibet's border area that pose a threat to China's sovereignty and government," said Fu, a deputy to the NPC session. "We will go all out to maintain the security and stability of border and coastal areas," said Fu. Tibet, a plateau region in China, has a lengthy border with Myanmar, India, Bhutan and Nepal.
BEIJING, April 14 (Xinhua) -- Chinese cities saw the fastest economic growth among all cities internationally, in 2008, but their overall competitiveness was still only at medium or low levels globally, according to a report released here Tuesday. The report, entitled the Blue Book of Urban Competitiveness, was released by the Chinese Academy of Social Sciences (CASS). It showed that ten of the 15 fastest-growing cities worldwide in 2008 were in China. The ten cities are Baotou and Hohhot in the northern Inner Mongolia Autonomous Region, Yantai, Weifang and Weihai in eastern Shandong Province, Dongguan, Zhongshan and Huizhou in southern Guangdong Province, and Wuhu and Hefei in eastern Anhui Province. However, Chinese cities ranked at only medium or low levels among world cities in terms of overall competitiveness, the report said. The ten most competitive cities in China, according to the report, are Hong Kong, Shenzhen, Shanghai, Beijing, Taipei, Guangzhou, Qingdao, Tianjin, Suzhou and Kaohsiung. But Hong Kong only ranked the 26th among world cities, Shanghai the 41th, and the others still lower. Ni Pengfei, a CASS scholar who led the research, said 294 large and medium-sized China cities were rated, including those in Hong Kong, Macao and Taiwan. The overall competitiveness of a city is based on its advantages in human resources, capital, science and technology, infrastructure, environment, governance and so on. The report was compiled by nearly 100 scholars from Chinese universities, statistics departments, and research institutes.
BEIJING, March 31 (Xinhua) -- China has announced the launch of a long-awaited growth enterprise board on May 1 as a new direct financing platform for innovative companies. Companies that seek listing at the new Nasdaq-like second board should have net assets of at least 20 million yuan and be open for business for more than three years, the country's securities regulator said in a set of guidelines that was made public in the small hours Tuesday and take effect on May 1. The Shanghai Composite Index gained 15.17 points, or 0.64 percent to 2,373.21 on Nasdaq-style second board launch in China, Mar.31,2009 The China Securities Regulatory Commission also requires the issuer stay in the black for the recent two consecutive years with combined profits of at least 10 million yuan, or report profits of at least 5 million yuan for the most recent year on revenues of at least 50 million yuan, with annual revenue growth of at least 30 percent in the recent two years. A CSRC spokesman called the move "an important measure to improve the structure of China's capital market and expand the market's depth and width." The proposal of establishing a second board was first put forth more than a decade ago. In 2004, a mini second board for small and medium-size enterprises was set up at the Shenzhen Stock Exchange to test the waters.. Small and medium-size enterprises have long been a pillar in China's economy, which has grown to the world's third largest
XI'AN, March 17 (Xinhua) -- Chinese Vice Premier Li Keqiang urged local governments Tuesday to accelerate industrial restructuring and development in western regions and boost domestic consumption to offset the impact of the global downturn. Li made the remarks during an inspection tour of the country's northwestern Shaanxi Province, which ran from Sunday to Tuesday. Chinese Vice Premier Li Keqiang (L) talks with a salesman about the process of bringing home appliances to the countryside in a market of Yan'an, a city of northwest China's Shaanxi Province, on March 17, 2009. Li Keqiang made an inspection of Shaanxi Province recentlyHe urged local authorities to take measures to achieve smooth, relatively rapid economic growth this year. He urged the Chinese people to be confident in coping with uncertain times. "Equipment manufacturing is a sector of strategic importance. Local governments should do more to implement industry stimulus plans, promote innovation and build up large domestic companies," he said. Chinese Vice Premier Li Keqiang (R, Front) shakes hands with a veteran in a beadhouse in Yan'an, a city of northwest China's Shaanxi Province, on March 17, 2009. Li urged companies to develop new technology, new products and foster new industries to become more competitive. He also called on local governments to sincerely apply policies aimed at helping farmers buy household appliances to stimulate consumption, as potential demand in western and rural areas was huge. As of Feb. 1, China's more than 900 million farmers became eligible for subsidies equal to 13 percent of the price of designated home appliances. The subsidy was originally offered in a pilot program in three provinces in 2007. Chinese Vice Premier Li Keqiang (2nd, R) inspects in a workshop of AVIC Xi'An Aircraft Industry (Group) Company in Xi'an, capital of northwest China's Shaanxi Province, on March 17, 2009