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BEIJING/FUZHOU, Sept. 13 (Xinhua) -- A plane chartered by the Chinese government flew 14 Chinese fishermen illegally seized by Japanese authorities from Japan to the southeast China port city of Fuzhou Monday afternoon, after China's repeated solemn representations.The fishermen were detained after the trawler they were aboard collided with two Japanese Coast Guard patrol vessels near the Diaoyu Islands in the East China Sea last Tuesday. No injuries were reported from the collision.Dressed in t-shirts and casual pants, the fishermen disembarked the plane and hugged their family members who had gathered at Changle International Airport in the coastal province of Fujian.Li Guojin (L Front) and other Chinese fishermen step down from the plane at the airport in Fuzhou, capital of southeast China's Fujian Province, Sept. 13, 2010. A chartered plane of the Chinese government carrying 14 Chinese fishermen illegally seized by the Japanese authorities arrived in Fuzhou on Monday afternoon. The fishermen were illegally detained after a trawler they were aboard collided with two Japanese Coast Guard patrol vessels near the Diaoyu Islands last Tuesday."Our safe return is due to the work of Chinese society, including the Party, the government and compatriots from all walks of life," said Wang Guohua, one of the crew members.He said the Diaoyu Islands are Chinese territory and their detention by the Japanese authorities was illegal."For generations, we have fished in those waters and so how could they seize us?" he said.The trawler, which was "illegally detained by the Japanese side," also set off for home Monday morning, the Chinese Foreign Ministry said in a statement, adding that the Chinese government has dispatched a fisheries administration ship to the relevant waters to assist it.
BEIJING, Aug. 29 (Xinhua) -- Shanghai Pudong Development (SPD) Bank said its first-half-year net profit rose 33.92 percent from one year earlier due largely to lending boom and increased commission fees.Net profits climbed to 9.08 billion yuan (1.34 billion U.S. dollars) in the first six months of this year, the Shanghai-based lender said in a statement filed with the Shanghai Stock Exchange late Sunday.Its growth in profits stemmed from rising operating revenues, a result of growing net interest earnings, increased fee incomes and the improved quality of assets, according to the statement.Earnings per share stood at 0.791 yuan, up 20.21 percent from one year earlier. Also, operating revenues grew 36.42 percent to 22.75 billion yuan in the first half of 2010, it said.Total assets for the commercial bank hit 1.781 trillion yuan by the end of June, up 9.77 percent from the end of 2009.
BEIJING, Aug. 28 (Xinhua) -- China and Japan pledged on Saturday to enhance dialogue and exchanges on climate change, energy conservation and environmental protection.The two countries, meeting in Beijing, agreed to make a combined effort to implement the Joint Statement on Climate Change between China and Japan, said Zhang Ping, chairman of the National Development and Reform Commission (NDRC), during the third China-Japan high-level economic dialogue.The two sides will conduct pragmatic cooperation in the areas of clean development mechanisms, energy-savings, energy efficiency improvement, new energy, renewable energy, clean coal technology, methane recovery and utilization, carbon capture and storage, adaptation to climate change and technology development and transfer, he said. Chinese Vice Premier Wang Qishan (7th L, front) and Japanese Foreign Minister Katsuya Okada (6th L, front) pose for a group photo with attendees during the third China-Japan high-level economic dialogue in Beijing, capital of China, Aug. 28, 2010.On international climate change negotiations, he said the two sides are ready to fulfill their responsibilities and try their best to cope with climate change in line with the principle of "common but differentiated responsibilities ".He said the Cancun climate summit should continue to adhere to the UN Framework Convention on Climate Change (UNFCCC), the Kyoto Protocol and the Bali Road Map, as well as the principle of "common but differentiated responsibilities ".The negotiation process should be in line with the principle of being open and maintaining transparency, broad participation, being party-driven and achieving consensus, he added.China will host UN climate change talks in Tianjin city this October, which reflects the country's constructive attitude on promoting the UN climate negotiation process, he said.China is willing to work with the other sides, including Japan, to contribute to the Cancun conference slated for the end of this year, Zhang said.During the meeting, China and Japan also agreed to hold the fifth China-Japan Energy-saving and Environment Protection Forum in Tokyo this October.Zhang said the two nations had made substantial achievements in energy-saving and environmental protection.China's National Development and Reform Commission and Japan's Ministry of Economy, Trade and Industry have signed many cooperative documents on energy-saving and environmental protection, he said.The two countries have held four energy-saving and environmental protection forums and inked 76 agreements involving cooperation in this area.Both governments support enterprises of the two countries to cooperate on commercial demonstration projects, he said, adding China had sent 300 management personnel to Japan to study energy conservation policies and technology.During the dialogue, the two sides also pledged to cooperate on developing green economies and low-carbon technologies, enhance cooperation between energy-saving centers of both countries and promote commercial demonstration projects on energy-saving and environmental protection.
BEIJING, Oct. 23 (Xinhua) -- One of China's top banking regulators has called upon the nation's commercial lenders to improve their balance sheets and reduce excessive reliance on lending for profits.Wang Zhaoxing, deputy chairman of the China Banking Regulatory Commission(CBRC), said banks should not seek excessive profits from a rapid increase in loans and a widening gap between lending and deposit rates, which is unsustainable.Chinese banks went on a lending spree in 2009 in response to the urging of the government as part of the 4-trillion-yuan (601 billion U.S. dollars) stimulus package to ward off the effects of the global financial crisis.Also, nearly 9.6 trillion yuan in new loans last year fuelled fears of banks distributing bad loans.Many banks continue to depend upon issuing credit to government-backed projects to secure profits, Wang said at an industry meeting Thursday. However, those projects often lack adequate risk management.Further, Wang urged lenders to improve balance sheets and the quality of assets, as well as the ability to manage risk aversion.Chinese banking and financial institutions reported net profits of 668.4 billion yuan last year, of which a lion's share came from the gap between deposit and lending rates, investment proceeds and fees, according to the report on China's banking industry issued by the CBRC in July.The report noted that the average capital adequacy ratio stood at 11.4 percent at the end of last year, above the international safety line, while the non-performing loan (NPL) ratio fell to 1.58 percent, down 0.84 percentage points from the level at the beginning of 2009.Despite the improved data, CBRC chairman Liu Mingkang has repeated warnings that an NPL rebound could bring with it risks from lending to local government financing platforms and the property sector which has accumulated asset bubbles.At the meeting, Wang said the CBRC would enhance oversight to assure unscrupulous and unhealthy financial institutions are phased out of the market.Also, China will gradually move towards a market-driven interest rate mechanism, which would ultimately squeeze bank profits.
BEIJING, Sept. 9 (Xinhua) - China's top economic planning agency Thursday urged authorities nationwide to step up supervision to stabilize prices in food, transportation and tourism during the upcoming holidays.Focus should be attached to cracking down on price rigging, including circulating misleading or false information about price hikes, commodity hoarding or forcing up prices of grain, cooking oil, meat, eggs and dairy products, said an official from the National Development and Reform Commission (NDRC).The official also asked involved departments to ramp up measures to regulate prices of public transportation and in the tourism industries, while curbing arbitrary price hikes and irregular charges.Complaints and reports from the public will be accepted at hotline phone number "12358", said the official.This year's Mid-autumn Festival holiday is Sept. 22 to 24, and the National Day holiday lasts from Oct. 1 to 7.