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SHANGHAI, June 12 (Xinhua) -- Chinese State Councilor Liu Yandong met here Saturday with former Japanese Prime Minister Yukio Hatoyama, who was here to attend the Shanghai World Expo's Japanese National Pavilion Day.Liu spoke highly of Hatoyama's efforts during his tenure in advancing Sino-Japanese relations, and said China was ready to work with Japan to promote ties.Liu hoped the Shanghai Expo could serve as a good opportunity to promote bilateral people-to-people exchanges, as such exchanges could help further develop bilateral ties.Hatoyama resigned from the top post on June 2, and Naoto Kan succeeded him as prime minister.Hatoyama, who was here as special envoy of the new prime minister, attended an official celebration ceremony for Japanese National Pavilion Day together with Liu earlier Saturday.During the ceremony, Liu expressed China's appreciation of Japan's support in the preparation of the Expo, adding Japan's rich experience of hosting the event helped spread the Expo spirit.Japan has hosted the comprehensive Expo twice and the professional Expo three times."I believe the Shanghai Expo will provide important opportunities for the two countries and two peoples to deepen mutual understanding and bilateral cooperation," she said.Hatoyama said he was glad to attend the ceremony, because his wife was born in Shanghai. And he hoped people in the world could use their "hearts" and "technologies," to contribute to the harmonious development of the world.The Japan Pavilion, with the theme of "Harmony of the Hearts, Harmony of the Skills," is eye-catching with its attractive appearance and clever use of hi-technology. Dubbed the "Purple Silkworm Island" by Chinese people, the pavilion is semi-circular in structure and covered by a purple membrane material.

BEIJING, July 8 (Xinhua) -- Ten years after it unveiled a strategy to promote growth in its western area, China announced a plan to continue the initiative, even as the world's third largest economy strives to shift to a more domestic-driven growth."The plan will not only benefit the western region, but is also crucial to the sound and fast development of the whole nation," Du Ying, deputy director of the National Development and Reform Commission (NDRC), the country's top economic planner, said at a Thursday press conference."Under the new plan, the central government will focus on boosting economic growth, raising people's living standards and enhancing environmental conservation in the western region during the next ten years," Du said.The central government will also enhance support for development in the region by lowering tax rates and prices for industrial lands, he added.The NDRC, along with other departments, will compile a catalogue of industries in the western region covered by the government's favorable policies. Companies in these industries will enjoy a favorable corporate income tax rate of 15 percent, compared to the regular rate of 25 percent.The move to further develop the west came as the government took steps such as subsidizing auto and home appliance buyers, to boost domestic demand and lessen reliance on exports.Challenges for China's future development lay in "whether we can continue to boost domestic demand and make it a foundation for overall sustainable growth and whether we can remove constraints on resources and environment," Du said.Turning to this vast region and market was a strategic move, which would help China bolster domestic demand and accelerate transformation of the economic growth pattern, Vice Premier Li Keqiang had said.The vast, resource-rich western region has great potential to help enhance domestic demand as the regional population accounts for 27.5 percent of the country's total, while consumption only takes 18.4 percent of national retail sales, Du said.Early this week, NDRC said it will unveil 23 new infrastructure projects in the western region this year, with a total investment of 682.2 billion yuan (100.62 billion U.S. dollars). The money will be utilized in building railways, roads, airports, coal mines and hydro-power stations.More investments in these new projects than in those started in 2009 reflected the government's intention to push the growth further into the poorer inland region, UBS Securities economist Wang Tao said in an emailed note to clients.China initiated a western region development strategy in 2000 in an effort to help this less-developed area catch up with the relatively well-off coastal area. The strategy covers infrastructure construction, attracting foreign investment and increased efforts in ecological protection.The western region involves six provinces, five autonomous regions and Chongqing municipality, accounting for more than 70 percent of the Chinese mainland's area and habitat of 75 percent of the country's ethnic minority population.Due to this strategy, the combined gross domestic product of the western region reached 6.69 trillion yuan in 2009, four times more than the 1.67 trillion yuan in 2000.

BEIJING, June 10 (Xinhua) -- The world's most populous country is expanding its social security net as China's major social insurance program reached a new high for the number of people covered, official figures show.The Ministry of Human Resources and Social Security said on Thursday that the nation's urban pension insurance covered 235.5 million people by the end of 2009, an increase of 16.6 million over the beginning of that same year.In addition, 26.47 million migrant workers were also included, which was 2.31 million more migrants than at the start of 2009.Officials note that pension fund revenues topped 1.15 trillion yuan by the end of last year, up 18 percent year on year. This followed the government raising the monthly pension income for business retirees for the fifth time between 2005 and 2009 to 1,225 yuan (180 U.S. dollars) a person.Also, the country's basic urban medical insurance covered 401 million people in 2009, of which 219 million were urban dwellers and 43.35 million were rural migrant workers.Additional figures showed that unemployment insurance covered 127 million people while those carrying work injury insurance reached 149 million. Lastly, maternity insurance covered 109 million women.

HONG KONG, Aug.12 (Xinhua) -- Hong Kong stocks slipped nearly 190 points Thursday as heavyweight HSBC dropped 1.84 percent.The benchmark Hang Seng Index dropped 188.83 points, or 0.89 percent, to close at 21,105.71 points, after trading between a day high of 21,124.98 points and a day low of 20,926.48 points.Turnover totaled 67.83 billion HK dollars (8.73 billion US dollars), compared with Wednesday's 61.36 billion HK dollars.The H-Share Index dropped 140.61 points, or 1.2 percent, to end at 11,597.02 points.Banking giant HSBC edged down 1.84 percent to close at 80 HK dollars, after a plunge occurred on Wall Street overnight for concerns on global economy.China Mobile, China's dominant mobile carrier, moved up 2.44 percent, to end at 84.1 HK dollars.Major mainland lenders dipped. ICBC, China's largest bank by market value, dropped 1.04 percent to close at 5.69 HK dollars; CCB, the country's second largest lender by market capitalization, edged down 0.61 percent to close at 6.5 HK dollars; BOC, one of the "big four?", edged down 1.23 percent to 4.02 HK dollars.China Life, one of the world's largest life insurers by market value, dipped 0.74 percent to end at 33.6 HK dollars.Major oil producers on Chinese mainland also declined, with PetroChina, the country's largest oil and gas producer and Sinopec, China's top refiner, down 1.37 percent and 0.65 percent respectively.Bank of Asia, one of the largest local bank in Hong Kong, reported its half-year result by midday, with net profit up over 70 percent, much higher than market's expectation. The company's shares surged 2.61 percent to end at 31.5 HK dollars.

BEIJING, June 11 (Xinhua) -- Chinese police have launched crackdowns all over China to curb online soccer gambling as the 2010 World Cup kicks off in South Africa.More than 100 people have been detained for participating in online soccer gambling with more than 10 billion yuan (1.47 billion U.S. dollars) in funds involved in one case in Yuyao City, east China's Zhejiang Province, said Dong Xiaowei, deputy chief of the provincial public security bureau.More than 70 gambling groups have been cracked for online soccer gambling this year with more than 300 arrested, he said.Similar cases have been uncovered in Beijing, Chongqing, Shaanxi, Fujian and Shandong.There are about 2,000 Chinese and offshore websites for soccer gambling in China, and the membership of some websites amounts to one million, according to Public Security Ministry data.Gambling is prohibited on the Chinese mainland by law.