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BEIJING, Nov. 24 -- Taxi passengers in Beijing will have an extra yuan added to their fares. The move is meant to offset the city's rising fuel prices, as they hit their highest levels in years. The new taxi fare policy will begin this Wednesday on November 25, 2009. One yuan will be added to any trip exceeding 3 kilometers. Beijing will continue to work on linking taxi fares with gasoline prices. Meanwhile, most of local residents say they accept the surcharge. A local resident of Beijing said, "A one yuan surcharge won't affect me too much. I'm OK with it." The new Beijing taxi fare policy will begin on Nov. 25, 2009. One yuan will be added to any trip exceeding 3 kilometers Another said, "Some Chinese provinces have already taken similar measures, such as Yunnan and Shandong. I think it's fine. We should do it." Taxi drivers have explained that the extra yuan will provide compensation for the increase in pump prices. A taxi driver in Beijing said, "If I serve 40 passengers a day, it will create an additional 40 yuan. That can help me cope with the recent fuel price rises. I don't think passengers will give up taking taxi just because of one yuan. But if the per kilometer fare rises, many will think differently." According to the new policy, the government, taxi companies, and passengers will share the cost of gasoline price fluctuations. Beijing last saw an increase in taxi fares three years ago.
BEIJING, Nov. 29 (Xinhua) -- Premier Wen Jiabao said during an inspection tour to East China over the weekend that the country would rely on science and technology advancements to meet its carbon emissions reduction targets. When visiting the Shanghai Institute of Ceramics under the Chinese Academy of Sciences, Wen encouraged researchers to develop key technologies for electric vehicles and vehicles with high energy efficiency and low emissions. He said China would adjust its "consumption policies" to push for the development of automobiles with low emissions and high energy efficiency, and "vigorously support" the development of electric cars. Chinese Premier Wen Jiabao (L, front) shakes hands with a scientist as he visits Shanghai Institute of Ceramics of Chinese Academy of Sciences, in Shanghai, east China, Nov. 28, 2009. Wen made an inspection tour in Shanghai and Jiangsu from Nov. 28 to 29. On Thursday, the State Council announced to cut China's carbon dioxide emissions per unit of GDP in 2020 by 40 to 45 percent from the level of 2005. While visiting Shanghai and the neighboring Jiangsu Province, Wen called for a more balanced and energy-efficient economic development model. He said China must speed up shifting its economic growth to a new pattern that depends not just on investment and export but also on domestic demand. Chinese Premier Wen Jiabao (R front) receives a school badge for commemoration as he visits Nanjing University of Technology, in Nanjing, capital of east China's Jiangsu Province, Nov. 29, 2009. Wen made an inspection tour in Shanghai and Jiangsu from Nov. 28 to 29.Economic growth should also rely on a balanced development of the primary, secondary and tertiary industries, rather than on manufacturing alone, Wen said. Scientific and technological advancements, improvement in workers' qualities and innovations in management models should take over consumption of resources as the driving force for growth, he said. Wen also visited the Commercial Aircraft Corporation of China based in Shanghai and the construction sites of 2010 Shanghai Expo. In Jiangsu, he visited retail, hi-tech companies and talked with university students
MALE, Maldives, Jan. 5 (Xinhua) -- Maldivian President Mohamed Nasheed and the visiting Chinese Foreign Minister Yang Jiechi on Tuesday pledged to work closely on climate change and other global issues. Nasheed said his country appreciated the important and active role played by China in the Copenhagen Climate Change Conference held last month. Maldivian President Mohamed Nasheed (R) meets with visiting Chinese Foreign Minister Yang Jiechi in Male, capital of Maldives, Jan. 5, 2009He said the Maldives is looking forward to strengthening its cooperation with China in dealing with global issues including climate change. Nasheed said his country respects China's sovereignty and core interests, adding that the Maldives will not do anything that might hurt China's core interests and the two countries' relationship. Yang said China will continue to work closely with the Maldives on climate change and other issues, promoting the interests of developing countries including those of Small Island Developing States. Maldivian Foreign Minister Ahmed Shaheed (L) meets with visiting Chinese Foreign Minister Yang Jiechi in Male, capital of Maldives, Jan. 5, 2009The two leaders said they were satisfied with the good relationship between the two countries and pledged to promote the cooperation in the areas of economy, trade, tourism and fishing. Yang also held talks with Maldivian Foreign Minister Ahmed Shaheed in the visit. Yang arrived here Tuesday afternoon on his way of paying official visits to five African nations and Saudi Arabia. He is expected to leave Maldives Wednesday morning to continue his tour.
BEIJING, Nov. 18 (Xinhua) -- China's economy is expected to grow by 9 percent next year on robust property and automobile sectors, chairman of CCXI, a China-based credit rating agency said Tuesday. Mao Zhenhua, the chairman, also forecast the country's GDP growth this year would expand by as much as 8.8 percent. He added China's economic growth for the next ten years would slightly fall from the peak in 2010 to around 7 percent around 2020, still a relatively fast pace compared to other countries. But he cautioned the heavy reliance on exports and investment as major drivers to the Chinese economy has not changed currently, and that the structure for economic growth has not been optimized. Mao made the remarks while addressing a conference that also shared outlooks for China's property market, and its automobile industry for the next year. "China's property market is to remain steady in the next 6 or 12 months due to strong underlying housing demand in the country," said Kaven Tsang, assistant vice president of Moody's Investors Service Hong Kong Limited. He attributed strong housing demand to rapid economic growth, expanding urbanization and rising living standards in the country. Reduced inventory after strong sales over the past few quarters and improved liquidity of developers are also preventing a substantial decline in the property sector, he said. According to the National Bureau of Statistics (NBS), housing sales in China reached 2.75 trillion yuan (403 billion U.S. dollars) in value for the first three quarters this year, a year-on-year increase of 73 percent. Amid weak exports, the Chinese government will also continue to promote domestic consumption and see fixed-asset investment increase, with the property sector remaining "central" to the Chinese economy, said Tsang. NBS figures show investment in the real estate sector in China posted a 28.4 percent growth in October this year. The CCXI also forecast China would continue to see robust growth in auto sales in 2010, driven by the steady development of national economy, rise in individual income and stronger demand from China's central and west regions. Chang Haizhong, senior CCXI analyst, said "cars have great market potential in the central and west regions which will become a new growth point for auto industry." For example, sales of heavy trucks are expected to grow considerably next year, boosted by the government's massive fixed-asset investment, fast development of logistics and expansion of expressway network. "Bus and sightseeing coach sales will also rise next year, as the government is determined to step up development of public transit systems, and people show more willingness to travel," Chang said. He also said auto joint ventures in the country would try to seek a bigger share of middle and low-end market while keeping the dominant position in high-end market next year, posing a threat to domestic self-owned automakers. Chevrolet, an arm of Shanghai GM, introduced SAIL, a new car model last week. Sales of the new model, priced less than 60,000 yuan, would start in January next year. In the first ten months this year, auto sales in China broke the 10 million mark to 10.89 million units, up 36.23 percent from a year ago, surpassing the United States as the world's largest auto market.
BEIJING, Nov. 27 (Xinhua) -- Days after the United States announced to cut its carbon dioxide emissions by 17 percent from 2005 levels by 2020, China promised to slice carbon intensity in 2020 by 40 to 45 percent compared with 2005 levels. The respective policy movements of both China and the U.S., the biggest two emitters in the world, won global attention, if not instant applause. The early signs of the concerted efforts could be sensed after the two countries, the biggest developed and developing economies, released a joint statement on Nov. 17 during U.S. President Barack Obama's first China visit. The two sides, according to the joint statement, had a "constructive and fruitful dialogue" on the issue of climate change. It also said that the two sides were determined, in accordance with their respective national conditions, to take important mitigation actions. The policy announcements from the two countries came just as the international community was worried about a possible stalemate at the United Nations Climate Change Conference in December in Copenhagen, Denmark. Although not required by the United Nations Framework Convention on Climate Change (UNFCCC) and the Kyoto Protocol for quantitative greenhouse gases (GHGs) emissions cut, China, defined by the United Nations as a developing country, still puts a drastic slash of its GHGs emissions in the coming ten years, even at cost of lowering its own economic development speed. Economists estimated that China might double its current gross domestic product (GDP) by 2020. A 45-percent reduction of carbon emissions per unit of GDP means China would emit slightly more carbon dioxide than current levels. At the same time, the Chinese government voluntarily set "the binding goal," which is to be incorporated into China's mid- and long-term national social and economic development plans. It's much more than a developing nation is expected to offer, out of responsibility of and sincerity to addressing the common challenge faced by the international community. Held by the UNFCCC accountable for contributing most of the total global carbon dioxide emissions, which were assumed to warm the planet and consequently result in natural disasters, many industrialized countries dodged their responsibilities of cutting emissions to levels that meet requirements of the Kyoto Protocol and the Bali Roadmap. The United States, in spite of announcing a meaningful emissions cut of 17 percent, still lags far behind what the UNFCCC requires developed countries to behave. In the Sino-U.S. joint statement, the two sides were committed to reach a legal agreement at the Copenhagen conference, which includes emissions reduction targets of developed countries and appropriate mitigation actions of developing countries on the basis of the principle of common but differentiated responsibilities and respective capabilities. The U.S. and China also agreed substantial financial assistance to developing countries on technology development, promotion and transfer, which was largely invalid in the past years. As China takes the lead to exemplify how a developing country, with the world's biggest population, could do to a better future of the world, it is now the developed world's turn to show their sincere care for a greener Earth.