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BEIJING, April 19 (Xinhua) -- The All-China Journalists Association (ACJA) on Saturday asked U.S.-based. news network CNN and its commentator Jack Cafferty to apologize for his remarks regarding China. In an interview with Chinese media including Xinhua News Agency, a senior official with the ACJA strongly condemned Cafferty for his "insulting" words in a TV show on April 9 and asked him and CNN to make a formal apology to all Chinese as soon as possible. Cafferty said in the TV show that Chinese products were "junk" and China was "basically the same bunch of goons and thugs they've been for the last 50 years" when the Olympic torch relay was going on in San Francisco. Since the Lhasa violence on March 14, some foreign media including CNN had made a number of biased reports about the incident, the official said. CNN had violated the principle of objective reporting, and "this is not what responsible media should do," he said. "And Cafferty also disregarded a journalist's professional ethics to attack a country with insulting words," the official said. Despite having an effective mechanism to deal with false reporting, CNN issued a statement on its website six days after Cafferty's remarks, which not only pleaded for him, but also spearheaded its attack on the Chinese government, he said. CNN issued a statement on Tuesday saying, "It was not Mr. Cafferty's nor CNN's intent to cause offence to the Chinese people, and CNN would apologize to anyone who has interpreted the comments in this way." But, the statement said that Cafferty was offering his "strongly held" opinion of the Chinese government, not China's people. "We hope CNN and Cafferty to realize that they have harmed the feelings of Chinese and apologize with a rational and responsible attitude," the official said. With the Olympic Games drawing near, the ACJA welcomed all foreign media to cover the event in an objective and balanced way, he said.
BEIJING, June 17 (Xinhua) -- Chinese shares sank to a 15-month low on Tuesday in very low volume, amid weak investor confidence. The benchmark Shanghai Composite Index fell 2.76 percent to 2,794.75, its 10th loss in a row. The Shenzhen Component Index fared worse, sinking 4.03 percent, or 395.77 points, to 9,429.50. The Hushen 300 Index, which reflects about 60 percent of the combined market value in Shanghai and Shenzhen, closed at 2,842.68 points, down 109.57 points, or 3.71 percent. Investors read information at a stock trading hall in Shanghai, China, June 10, 2008. The benchmark Shanghai Composite Index fell 2.76 percent to 2,794.75, its 10th loss in a row Total turnover was just 67.5 billion yuan (9.65 billion U.S. dollars). Financial, oil and petrochemical, real estate, mining, transportation and broker stocks led the plunge. China Merchant Property, for example, dipped 7.36 percent to 16.12 yuan. A man looks at the electronic board showing the stock index at a securities exchange in Shanghai, east China, June 17, 2008. The Shanghai index slid through the 2,800-point mark, touching 2,799.33 points at midday, shortly after the National Bureau of Statistics said the growth rate of fixed-asset investment slowed in the first five months. Urban fixed-asset investment rose 25.6 percent year-on-year to 4.026 trillion yuan in the first five months of 2008. The growth rate was 0.3 percentage points below the same period last year and 0.1 percentage point less than the January-April period this year. Analysts said the market was also being undermined by surging world oil prices, weakening regional economies and the government's efforts to curb liquidity and tame inflation. The People's Bank of China, the central bank, earlier this month lifted the bank reserve ratio by a full percentage point to 17.5 percent.

TAIYUAN, Sept. 11 (Xinhua) -- Rescuers on Thursday had finished searching more than half the mud-covered areas in north China after a mud-rock slide left 128 people dead. Shanxi Provincial Government Secretary-General Wang Qingxian said about 60 percent of the area had been combed. Altogether 2,000-plus rescuers, with the aid of more than 110 excavators, were searching for survivors. He said Internet claims that hundreds of people were missing was mere speculation. "The specific figure of the people missing in the disaster has not been established yet," said Wang at a news conference. "We are still evaluating the situation." He promised timely and transparent updated casualty numbers, adding 36 people had suffered injuries. If the weather conditions allowed, searchers would finish looking for survivors in three to five days, he said. Relatives of the dead will get 200,000 yuan (29,215 U.S. dollars) each as compensation, according to the provincial government. The State Council, China's Cabinet, has set up an accident investigation team, including officials from the State Administration of Work Safety, Shanxi provincial government, Supervision Ministry, Land and Resources Ministry and All China Federation of Trade Unions. Wang Jun, the State Administration of Work Safety director, was heading the team. The government has begun examinations to more than 700 tailing ponds in the province to avoid similar accidents from happening again. There was no epidemic at the area and the injured were receiving treatment, said Gao Guoshun, the provincial health department head, at the news conference. The water there was not polluted after examination, Gao added. The disaster happened when the bank of a pond holding waste oredregs of an unlicensed mine burst. Some reports said hundreds were feared to have been buried underneath the mud, but the local government had released no figures concerning the number of missing. Wang Qingxian said the mine was purchased and transferred to a man named Zhang Peiliang when the local government auctioned it off in 2005. But Zhang did not apply for new licenses after its safety production license was suspended in 2006 and the mining license expired in 2007. "It was an accident of grave responsibility after initial analysis," said Wang Dianxue, the State Administration of Work Safety deputy head and also the investigation team deputy head. The accident occurred around 8 a.m. on Monday in a pond holding waste ore dregs of the Tashan Mine in Xiangfen County, Linfen City, which was soaked by torrential rain. In total, an area of 30.2 hectares was covered by the mud. The mud-rock flow damaged buildings, trade markets and some residences lying downstream.
BEIJING, June 6 -- Shareholders of China Vanke Co, the country's largest publicly traded property developer, have approved a decision to spend 100 million yuan to rebuild homes in quake-stricken Sichuan. The company has been under fire from netizens since the earthquake after Wang Shi, its high-profile chairman, announced the real estate giant would donate 2 million yuan to the quake-hit areas and told his employees not to donate more than 10 yuan. In the face of the ensuing barrage of criticism by the media and netizens, Wang apologized on his blog. At yesterday's meeting, he apologized to shareholders as well: "I want to apologize unconditionally to all shareholders, I won't try to defend myself." Wang also admitted his comments about quake donations have damaged Vanke's brand image and he was sorry for that. As a lesson from this episode, Wang said, Vanke would have a spokesperson in the future and try to desist from doing anything that hits its share prices, as it did this time. Workers rebuild a road between quake-hit Dujiangyan city and Wenchuan county."If Vanke's performance suffers because of my personal comments, I will resign immediately," said Wang. Some shareholders, however, worry the apology may have come too late. "As a public figure, he should learn from this experience," said a shareholder who preferred not to be named. Analysts said the meeting and Wang's apology will take some pressure off Vanke. "It is not easy for a public figure like Wang Shi to apologize - either in public or in front of shareholders," said Zhang Luan, an analyst from Haitong Securities. Zhang said the decision of the shareholders to clear the funding also reflects the company's determination to contribute to the relief work in a big way. Vanke's investments in Sichuan will be made over the next three to five years, Vanke had said in a previous statement to the Shenzhen Stock Exchange. The May 12 earthquake in Sichuan province destroyed 5.4 million homes and damaged 21.4 million, according to the Ministry of Civil Affairs. More than 12 million people left homeless by the earthquake will have to be relocated. "Vanke may build anti-quake homes there to broaden its property development," Bloomberg quoted Liu Xihui, a real estate analyst at Pingan Securities Co, as saying. "More developers may follow suit." Vanke rose 4.7 percent to 20.5 yuan in Shenzhen trading on Wednesday. The stock has dropped 29 percent this year after almost tripling in 2007. Trading was suspended yesterday because of the meeting.
BEIJING, June 30 (Xinhua) -- Chinese President Hu Jintao said Monday that supervision over the use of hefty quake relief fund and materials should be intensified to guarantee they would be exclusively used for what they were intended to. "We must ensure that the quake relief fund and materials will be veritably used for quake relief and the people affected by the earthquake," Hu, also general secretary of the Communist Party of China (CPC) Central Committee, told a workshop marking the 87th founding anniversary of the CPC. The meeting was attended by representatives of the Party's grassroots organizations and members who had been honored for their roles in the rescue and relief campaign after the May 12 earthquake. Top leaders Wu Bangguo, Wen Jiabao, Jia Qinglin and others were also present. The death toll of the 8.0-magnitude Wenchuan earthquake reached nearly 70,000, and more than 18,000 were reported missing Monday. Government relief fund totaled 54.72 billion yuan (about 7.82 billion U.S. dollars), while domestic and foreign donations hit 55.3 billion yuan in cash and goods. Hu told the meeting that education and supervision of Party members and leading officials in regard to clean governance should be strengthened, the system of punishing and preventing corruption further be improved, and efforts in the anti-corruption drive be increased. Chinese President Hu Jintao (R), also general secretary of the Communist Party of China (CPC) Central Committee, together with other members of the Political Bureau Standing Committee of the Communist Party of China (CPC) Central Committee, shakes hands with representatives of the party's grassroots organizations and members who had been honored for their roles in the rescue and relief campaign after the May 12 earthquake prior to their meeting in Beijing, June 30, 2008 These measures are essential for the Party members and leading officials "to maintain their original political color, and be clean in doing their jobs and behaving themselves," Hu said. He also promised that officials who "passed tests and showed extraordinary capability in the rescue, relief and rebuilding work" should be promoted to leading positions. Chinese President and general secretary of the Communist Party of China (CPC) Central Committee Hu Jintao (C) delivers a speech at a workshop marking the 87th founding anniversary of the CPC in Beijing on June 30, 2008. The meeting was attended by representatives of the Party's grassroots organizations and members who had been honored for their roles in the rescue and relief campaign after the May 12 earthquake. Top leaders Wu Bangguo, Wen Jiabao, Jia Qinglin and others were also presentHu called on all the CPC members to study and practise the great "earthquake rescue and relief spirit" displayed by the local Communist heroes, which he summarized as "all people of one mind", "unity in strength", "fearlessness of hardship", "people first", and "respect for science". "The spirit was a concentrated display and new development of the national spirit of modern China," he said. Hu attributed the major achievement of saving lives in the first stage of the earthquake relief campaign to the firm leadership of the Party, stressing that Party organizations at all levels and members played a vital role. The earthquake relief campaign was a test of the leadership and capabilities of the Party as well as a test for the capabilities of Party organizations and the nature of all Party members, he said. Now, he said, was the crucial period for achieving the goal of the country's economic and social development as the earthquake relief effort entered into the stage of settling the affected people by restoring normal life and rebuilding homes. Hu urged the whole Party to display excellence in the earthquake relief, in order to maintain the Party's flesh-and-blood link with the people. He urged Party organizations of all levels to increase their capabilities for handling emergencies, by establishing and perfecting the working mechanism with concentrated leadership, unified command, sensitivity in response, and high efficiency.
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