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BEIJING, Aug. 23 (Xinhua) -- China's insurance capital investments hit 2.45 trillion yuan (358 billion U.S. dollars) in the first seven months of this year, according to the country's insurance regulator.     In July alone, the investments from insurance funds stood at 120.4 billion yuan, China Insurance Regulatory Commission (CIRC) said in a report on its website.     Of the total insurance investment value, about 332 billion yuan, or 9.8 percent, went to the stock markets by the end of the second quarter of this year.     During the same period, mutual funds investments suck 228.45 billion yuan, or 6.8 percent from the insurance capital.     A booming equities market and an optimistic attitude towards the country's stock markets had led to an increasing investments, said the CIRC.     Comparatively, in the first seven months, bank deposit of China's insurance capital decreased to 1.03 trillion yuan, 15.23 billion yuan less than in the first six months.     The CIRC's statistics also reflected a slowdown increasing rate in premium income in the first seven months. Premium income was 678.64 billion yuan, representing a small increase of 80 billion yuan than the June figure.

BEIJING, Oct. 11 (Xinhua) -- China honored a common officer, who devoted himself to his work as a file clerk at the military archives, at a ceremony held here Sunday.     Liu Yiquan had worked as a clerk and then a consultant at the archives of the People's Liberation Army (PLA) for about 38 years. He had processed more than 830,000 pieces of military archives. Li Changchun (R), member of the Standing Committee of the Political Bureau of the Communist Party of China's Central Committee, shakes hands with Liu Yiquan's wife during Liu Yiquan's factual report held at the Great Hall of the People in Beijing, China, Oct. 11, 2009. Liu continued working hard like other healthy colleagues even after being diagnosed having cancer in 2008. He had been hospitalized in June.     In a written instruction, Chinese President Hu Jintao called on file clerks nationwide to learn from him. Li Changchun (C front row), member of the Standing Committee of the Political Bureau of the Communist Party of China's Central Committee, poses for photos with Liu Yiquan's reporters during Liu Yiquan's factual report held in Beijing, China, Oct. 11, 2009Liu is a role model for today's communists and military officers, said Li Changchun, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, at the ceremony.     In the past 38 years, Liu fully devoted himself to the work and made great contribution though working at an ordinary position, Li said. "We should learn from his firm faith, determination, devotion and optimism."

BEIJING, Sept. 12 (Xinhua) -- China's Minister of Commerce Chen Deming said Saturday the U.S. decision to impose special protectionist tariffs on tire imports from China was grave trade protectionism and sent a wrong signal to the world.Chen told Xinhua the U.S. government's decision, which was made Friday night, violated related rules, failed to honor its commitment made on the G-20 financial summit and was not based on the truth.     "It was a misuse of the special safeguard measures and sent a wrong signal to the world," Chen said, stressing China resolutely opposes the U.S. decision.     The decision came after the U.S. International Trade Commission determined that a surge of Chinese-made tires had disrupted the domestic market and cost thousands of jobs in the U.S.     The two sides didn't reach an agreement in spite of rounds of negotiations over the case, Chen said.     According to a Los Angeles Times report Saturday, within 15 days, the U.S. would add a duty of 35 percent in the first year, 30 percent in the second and 25 percent in the third on passenger vehicle and light-truck tires from China.     Chen said China reserves the right to bring the case to the World Trade Organization (WTO) while continuing to take necessary measures to support the tire industry and deal with the negative impact caused by the case.     Fan Rende, president of the China Rubber Industry Association, said the organization has sent a protest letter to U.S. President Barack Obama, calling the decision an "extremely unfair" one as it lacked objective bases.     The association also recommended the Chinese government to resort to the WTO Dispute Settlement Mechanism to handle the case, and appeal to the United States Court of International Trade to protect interests of the related enterprises.     Although President Obama's ruling on the tire case was said to be based on law by the U.S. government, it is seen as a resolution under political pressure at home.     Yao Jian, spokesman of the Ministry of Commerce, said the domestic political pressure pressed the U.S. government to not only impose the tariff and also propose other unreasonable demands involving many industries and push China to adjust fiscal and tax policies.     The U.S. decision was made regardless of opposition from many U.S. organizations.     The U.S. Tire Industry Association, the American Coalition for Free Trade in Tires, the American Automotive Trade Policy Council, and the Retail Industry Leaders Association have all expressed strong opposition after the U.S. International Trade Commission recommended the decision to the U.S. government .     NO GOOD TO ANYONE     The Ministry of Commerce (MOC) said on its web site Saturday that the U.S. lacked bases for the case because tire products exported to the U.S. from China actually declined 16 percent in the first half of this year, compared to the same period last year. China's tire exports to U.S. in 2008 only rose 2.2 percent from 2007.     It said the business situation of the U.S. tire producers has shown no apparent changes after the entry of Chinese products. There exists no direct competition between China's tire products and the U.S.-made ones as China's tires mainly go for the U.S. maintenance market.     Vice Commerce Minister Fu Ziying said in August that the slowdown in the U.S. tire industry is a result of the global downturn, not that of China's increasing tire exports to the U.S.     China's tire exports to the U.S. tripled between 2004 and 2007 while, during the same period, U.S. tire manufactures doubled profits.     "This means the increase of China's tire exports did not cause any substantial harm to the U.S. tire industry," Fu said.     According to Fan, about 40 percent of the tire output in China is exported, and one third of the exports go to the United States.     The 35 percent tariff means China would not export tires to the U.S. in the first year, which would affect employment of about 100,000 people and result in a loss of 1 billion U.S. dollars in export, he said.     He added the tariff would not solve problems faced by the U.S. tire industry, but would hurt interests of enterprises from both countries and hurt trade relationships.     Four U.S. companies have businesses in tire production in China and they account for two thirds of exports to the U.S., and the tariffs will have a direct impact on these companies, the MOC said.     The increased tariffs would also raise tire prices for U.S. consumers, which would further weaken the government efforts to revitalize the auto industry. Some consumers may even consider postponing replacing old tires, creating concern for safety, according to the MOC.     The move will also produce a chain reaction of trade protectionism and slow the current revival of the world economy, the ministry said in a statement on its website Saturday.     Leaders from around the globe have reached consensus to oppose trade protectionism since the outbreak of the financial crisis. But the tire case, lacking factual bases, is an abuse of protectionist measures. It not only hurts the interests of China, but also those of the U.S., the ministry said.     The Associated Press (AP) reported Saturday many of the nearly two dozen world leaders Obama is hosting at the upcoming G20 summit in Pittsburgh are critical of countries that protect their key industries.     The report said Obama has also spoken out strongly against protectionism and other countries will view his decision on tires as a test of that stance.     According to the MOC, China is the second-largest trading partner with the U.S. and vice versa. China believes the Sino-U.S. economic trade cooperation is significant. The country would not like to see damages to bilateral trade relations caused by protectionism.     Chinese Premier Wen Jiabao slashed protectionism at the opening ceremony of the Summer Davos Forum Thursday in Dalian, northeast China, saying it would only slow world economic recovery and ultimately hurt the interests of the businesses and people of all countries.     "We must resist and redress all forms of covert protectionist activities," Wen said, noting as an active participant in economic globalization, China will never engage in trade or investment protectionism.

BEIJING, Aug. 2 (Xinhua) -- China on Sunday issued a regulation for the country's disabled military personnel to ensure them a guaranteed living after retired from the military.     Jointly promulgated by military authorities and Ministries of Finance and Civil Affairs, the regulation pledges that military personnel who gets disabled because of war, work or illness will be rearranged to other working positions by the government after retirement.     The retired disabled veterans will also be provided with a certain amount of compensation fee according to their different levels of disabilities.     Other welfare include medical care subsidy and a basic housing allowance of at least 100,000 yuan (14.706 U.S. dollars) to each disabled veterans, the regulation said.     Non-commissioned officers at junior grades who are diagnosed as mental illnesses and enlisted soldiers who are diagnosed as disabilities from level I to level IV will be sustained by the government for the rest of their lives, it said.     The regulation is the first of its kind in China.

BEIJING, Sept. 14 (Xinhua) -- China on Monday paid tribute to 100 heroes and models who made outstanding contributions to the founding of New China and 100 others who have inspired the nation in the past six decades.     Top Chinese leaders including President Hu Jintao met with representatives of the heroes and models and relatives of the deceased ones who were here to attend a symposium honoring them. Top Communist Party of China (CPC) and state leaders Hu Jintao (C, 1st row), Wu Bangguo (4th R, 1st row), Wen Jiabao (4th L, 1st row), Jia Qinglin (3rd R, 1st row), Li Changchun (3rd L, 1st row), Xi Jinping (2nd R, 1st row), Li Keqiang (2nd L, 1st row), He Guoqiang (1st R, 1st row) and Zhou Yongkang (1st L, 1st row) pose for a group photo with the representatives attending a symposium in Beijing, capital of China, Sept. 14, 2009. The symposium honoring 100 heroes and models who made outstanding contributions to the founding of New China and 100 others who have inspired the nation in the past 60 years was held in Beijing on MondayTop legislator Wu Bangguo, Premier Wen Jiabao, top political advisor Jia Qinglin, and other senior leaders including Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang and Zhou Yongkang also met with the delegates.     Hu, also general secretary of the Communist Party of China (CPC) Central Committee, greeted the delegates at the Great Hall of the People. He congratulated the representatives on the honor, offered his condolences to the deceased heroes' relatives, and paid homage to all those who have made great contribution to the birth and growth of New China.     Li Changchun, member of the Standing Committee of the CPC Central Committee Political Bureau, attended the symposium and delivered a speech. Li Changchun (C), a member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, addresses a symposium in Beijing, capital of China, Sept. 14, 2009. "The fact that the top leaders met with the delegates and some of their relatives highlights the nation and the Party's care for the heroes," said Li.     The move of selecting the heroes and models was an important part of the activities to celebrate the 60th anniversary of the founding of the People's Republic of China (PRC), he said.     Li said the process itself was also a patriotic lesson for officials and the general public.     The activity, launched in May, attracted about 100 million people to cast votes, sources with the organizer of the activity said. And the 200 heroes were finally picked out from 300 candidates.     "The heroes, despite their differences in historical time and post, share many things in common, such as loyalty to the country, love for the people and selfless devotion," Li said.     These were spiritual treasures formed in the great history of Chinese revolution, construction and reform led by the Party, he said.     Li called on the whole nation to learn from these heroes and pass down their moving stories and lofty spirit to generations to come.     "Their noble spirit should be a lasting inspiration for the people to make new achievements," said Liu Yunshan, head of the Publicity Department of the CPC Central Committee, who presided over the symposium.     Delegates like Li Yazhong, a descendent of Li Dazhao (1888-1927), one of the main founders of the CPC, and Zhang Yunquan, an official with the Bureau for Letters and Calls in eastern Jiangsu Province, gave speeches at the symposium.

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