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SHANGHAI, June 3 (Xinhua) -- Standard Chartered Bank (China) Limited announced Wednesday that it plans to issue 3.5 billion yuan (512 million U.S.dollars) financial bonds in China, the first foreign bank to issue Renminbi bonds in the Chinese mainland.     The announcement was made in the wake of a circular released by the State Council in April on building Shanghai into an international financial center and shipping hub.     The municipal government of Shanghai convened a working meeting late last month on preparation for the financial center goal, promising to support foreign banks to issue yuan-denominated bonds.     "As China's financial market continues to liberalize, Standard Chartered is seeing a number of opportunities for our business," said Peter Sands, Group Chief Executive of Standard Chartered Bank, during his visit to Beijing this week.     The issuance is expected to help elevate the Renminbi's status as an international reserve currency, develop local capital markets, and contribute towards Shanghai's development as a global financial center, said Sands.     Standard Chartered Group reported 26 percent income growth in 2008, or 13.97 billion U.S. dollars despite the difficult global economic environment.     In China, the bank has grown by an average annual compounded growth rate of 80 percent over the past four years.     Standard Chartered Bank is China's oldest foreign bank enjoying150 years of history. It is among the first batch of locally-incorporated foreign banks and has one of the largest foreign bank networks operating in China.

QINGDAO, April 20 (Xinhua) -- China's senior navy officer said here Monday that the international fleet review to be held in east port city Qingdao on Thursday is aimed at promoting understanding about China's military development.     Ding Yiping, deputy commander of the Chinese People's Liberation Army (PLA) Navy, told Xinhua in an exclusive interview that the review would serve as a platform for navies from other countries to increase their understanding about China and the Chinese navy. China's People's Liberation Army (PLA) kicks off a grand maritime ceremony to mark the 60th anniversary of its navy at 6 p.m. Monday off the coast of the eastern city of Qingdao,China's Shandong Province, April 20, 2009    "Suspicions about China being a 'threat' to world security are mostly because of misunderstandings and lack of understandings about China," Ding said.     "The suspicions would disappear if foreign counterparts could visit the Chinese navy and know about the true situations."     Ding also said the review is expected to build a platform for navies from different countries to enhance understanding about each other and for navy leaders to address matters on safeguarding global sea security.     High-level delegations from 29 countries and 21 vessels from 14countries will take part in the review, according to the Defence Ministry.     China would send domestic-made warships and weapons to the review, including the debut of its nuclear submarines.     As the review is to start in days, Ding said the weather in Qingdao is their "prime concern" for the review.     "It would definitely affect the review if bad weather appears," Ding said, "such as rain and fog."     But Ding also said that according to weather forecast, the cold air which caused rain and heavy wind in Qingdao since Saturday afternoon would come to an end by Wednesday. He is confident that the weather on Thursday would be good enough for the review to go smoothly, if "no major weather accidents happen."

BEIJING, June 27 (Xinhua) -- China always opposes trade protectionism and will not take protectionist actions against overseas companies or foreign goods, Minister of Commerce Chen Deming said here Friday.     He made the remarks when he met the Minister of Knowledge Economy of the Republic of Korea (ROK), Lee Youn Ho.     Chen said that media reports were incorrect when they equated China's latest circular to boost domestic demand and step up supervision on construction projects with protectionism.     Chen said in China's government procurement, the term "domestic products" also include products produced by legally established foreign-funded companies in China.     "China applied to join the World Trade Organization's agreement on government procurement a couple of years ago, which allowed member countries to bid on each other's government tenders." Chen said. "We hope China might join the agreement soon so as to further open up the government procurement market," he said.     "China would like to maintain stable development in economic and trade cooperation with the ROK," Chen said.     Lee said that China's trade policies were fair and transparent, and his country would like to work with China to oppose trade protectionism.

BEIJING, May 13 (Xinhua) -- Chinese Vice President Xi Jinping on Wednesday called on officials to read more books and take reading and study as "life attitude, responsibility and spiritual pursuit."     Xi told officials attending an opening ceremony of a seminar of the Party School of the Communist Party of China (CPC) Central Committee, "Books are carrying human knowledge and wisdom and are of vital importance to human advancement."     As president of the Party School, Xi asked officials to read enlightening books so as to build the Party into an academic one.     Xi, also member of the Standing Committee of the CPC Central Committee Political Bureau, said officials could gain inspiration, expand their mental outlook and improve their cultural attainment through reading, which could also enrich their working experience.

BEIJING, July 3 (Xinhua) -- Rainstorms since early the week have swept a wide swathe of south China, leaving dozens people dead or missing and forcing hundreds of thousands to evacuate.     In Jiangxi Province, two people were killed, three more were missing and more than 100,000 have been evacuated following the heaviest rain this summer, local flood control authorities said. The rain damaged 178,000 hectares of crops, caused 8,231 houses to collapse, and incurred a direct economic loss of 1.31 billion yuan (191.7 million U.S. dollars). Flood submerges houses at the Xinyuan village in Ruijin, a city of east China's Jiangxi Province, July 3, 2009. More than 60,000 people have been transfered due to the flood caused by heavy rainfall in south Jiangxi Province    By 3 p.m. Friday, average rainfall in the province was 97.4 millimeters, while the maximum topped 540.8 millimeters in Niedu town of Chongyi County. The province, for the first time in history, issued the highest level of rainstorm alarm on Friday.     Many reservoirs were swollen because of the rain, among which six were discharging water, while levels in the rest were under the alarm line.     In Guangxi Zhuang Autonomous Region, four were missing and 11,845 were evacuated. The torrential rain also damaged 12,440 hectares of crops and killed 53,300 head of cattle. People walk on a flooded street in Guilin, a city of southwest China's Guangxi Zhuang Autonomous Region, July 3, 2009. Due to heavy rainfall, the water level of Lijiang River which passes Guilin reached 147.5 meters at 17:00 pm on Friday, 1.8 meters over the alert level. Some scenic spots in Guilin City has been closedBoats have been banned on the Lijiang River as water levels rose to alarming levels, Chen You, head of Guilin maritime bureau, told Xinhua late Friday.     In Hunan Province, seven were killed and one was missing in rainstorm-related disasters. The rainstorms damaged 113,000 hectares of crops, killed 6,500 head of cattle.     The rains also disrupted traffic on 79 roads and forced 152 businesses to halt production in Hunan.     In north, Beijing is plagued with higher-than-normal temperature and it is forecast to receive less-than-normal rainfalls.     The Chinese capital on Friday issued an orange alert for hot weather, the third of its kind this summer. Temperature in parts of the city exceeded 37 Celsius degrees Friday. Halted bamboo rafts are seen on the Lijiang River in Guilin, a city of southwest China's Guangxi Zhuang Autonomous Region, July 3, 2009. Due to heavy rainfall, the water level of Lijiang River reached 147.5 meters at 17:00 pm on Friday, 1.8 meters over the alert level. Some scenic spots in Guilin City has been closed

来源：资阳报