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BEIJING - Chinese share prices rebounded by 1.88 percent on Tuesday with the Shanghai Composite Index, which covers both A and B shares, closing at 5,285.45 points at the end of morning session.The Shenzhen Component Index on the smaller bourse ended at 17,213.70 points, up 0.87 percent.The rise came after a fund has been approved to open for additional subscriptions late this week, which is believed to be a new signal from the government to back up the stock market.On November 4, China's Securities Regulatory Commission (CSRC) issued a notice ordering fund firms not to expand the promised scale of their funds within six months.Heavy weights drove up the share prices. Sinopec went up by 6.58 percent while the new market heavy weight PetroChina by 2.88 percent. China Shenhua rose by 2.36 percent.Steel shares also jumped, with Baosteel, the nation's biggest steel producer, rising 4.10 percent to 15.75 yuan, and with Anyang steel up by 9.39 percent to 10.25 yuan.On Monday, the benchmark Shanghai Composite Index dropped 2.4 percent, or 127.81 points, to close at 5,187.73 points, after falling to as low as 5,032.58 points in intra-day trading.Last week, the Shanghai Composite Index fell 8 percent to 5,315.54, the biggest weekly loss during the past nine years.
NANJING -- Sixty-two years after Japan's surrender in the Second World War on Wednesday, Chinese and Japanese marked the event together with calls for world peace.In Nanjing, capital of east China's Jiangsu Province where the notorious Nanjing Massacre occurred, a 48-strong delegation of the Japanese left-wing group Mei Shin Kai commemorated the day.A Japanese woman prays in front of a monument for war victims during a gathering in memory of the end of the World War II, in Nanjing, East China's Jiangsu Province August 15, 2007. [newsphoto]"We pledge today to continue working for world peace and telling people the true history," said Matsuoka Tamaki, a primary school teacher from Osaka and head of the delegation.Tamaki started visiting veterans of the war in 1998 in the hope of discovering the truth about Japan's controversial history. Based on the accounts of six veterans, she identified a site in Nanjing, where more than 1,000 Chinese were killed during the massacre.According to her findings, the victims were led to Taipingmen in east Nanjing on Dec, 13 1937, and bayoneted, shot or forced to step on land mines.To make sure everyone was dead, the Japanese soldiers made a thorough search the next day and bayoneted those who still breathing, Tamaki said."This is a new finding," said Zhu Chengshan, curator of the Memorial Hall of the Victims in the Nanjing Massacre, noting that more than 20 sites, most by the Yangtze River, have been recognized as massacre sites.Zhu said he would erect a memorial monument at the Taipingmen site.Invading Japanese troops occupied Nanjing on December 13, 1937, and launched a six-week massacre. Chinese records show more than 300,000 people, not only disarmed soldiers but also civilians, were killed.Japanese college student Hitomi Fukugawa, 21, visiting China for the first time, said she was astonished at survivors' stories. "In Japan I learnt little about the invasion, but now I feel I have more to learn," she said.In northeast China's Heilongjiang Province, Wednesday was the first Peace Day in Qiqihar, site of the first battle against Japanese troops after they launched their invasion on September 18, 1931.Performances were held to mark the day the war ended, and more than 3,000 pupils drew symbols of peace on an 815-meter-long banner."We should remember the tribulations of war on this day and cherish peace," said businessman Wang Xinghai, 35, at the memorial wall on the Peace Square.In Shenyang, capital of Liaoning, elderly people gathered to recall the war."I saw a Japanese soldier kill a six-year-old kid with his bayonet and slay a newly-wed couple," said 87-year-old Sun Shizhen in sorrow.Veteran Shan Lizhi, 96, said, "All our sacrifices were made for peace and prosperity.""Remembering history doesn't mean harboring hatred," said Wang Jianxue, head of the Warfare Research Institute of "9.18". "Our country was weak at that time, and we should tell our young people to work hard for China's rejuvenation."In Beijing, a set of surgical tools and the wooden trunk used by Canadian surgeon Norman Bethune were donated to the Chinese Museum of Anti-Japanese War on Wednesday.Bethune came to China in 1938 and set up a front-line mobile hospital where he operated on wounded soldiers. He is credited with saving thousands of lives.In Chengdu, capital of Sichuan Province, more than 200 people laid flowers at the monument for dead Sichuan soldiers, a bronze statue of a soldier in a bamboo hat, carrying a grenade and holding a gun facing east.During the eight-year war, about three million Sichuan soldiers fought and more than 600,000 died.Holding a bouquet of white chrysanthemums, a man in his 70s who declined to be named said, "We should never forget those who died for the liberation of our country and value peace for them."

The first ever white paper on political parties pledges multi-party cooperation and political consultation under the leadership of the Communist Party of China (CPC). Released Thursday by the Information Office of the State Council, the white paper, entitled "China's Political Party System", explains in detail the formation, characteristics and development of the system and its role in economic and social development.Multi-party cooperation is a political system that suits China's conditions, the paper says."China will not mechanically copy other countries' political party systems," the document says, adding that the history of modern and contemporary China has proven that blind emulation of the political or party systems of other countries will not succeed.Zhuang Congsheng, director of the research office of the United Front Work Department of the Central Committee of the CPC, said multi-party cooperation is different from the two-party or multi-party systems in Western countries and the one-party system practised in some other countries. China has established a unique political party system and its own way to fulfill democracy, he said.In China, the ruling party and other parties share the same ideal and same objectives, said Zhuang.The white paper says multi-party cooperation has created a new form of political system in the world.Under this system, the CPC and other parties work closely together and supervise each other, instead of opposing each other, with the CPC ruling the country and the other parties participating in State affairs according to law.By the end of 2006, 31,000 people who were not CPC members and those without party affiliation took up government posts at and above the county level, the paper says.Among them, 18 served as deputy chiefs in the Supreme People's Court, the Supreme People's Procuratorate, and ministries, commissions, offices and bureaus directly under the State Council.Minister of Health Chen Zhu and Minister of Science and Technology Wan Gang - both educated in Europe - are the first non-CPC members appointed to the Cabinet since the 1970s.Apart from the CPC, there are eight parties in China: Revolutionary Committee of the Chinese Kuomintang, China Democratic League, China National Democratic Construction Association, China Association for Promoting Democracy, Chinese Peasants and Workers Democratic Party, China Zhi Gong Dang, Jiu San Society and Taiwan Democratic Self-Government League.Xinhua contributed to the story
BEIJING - Chinese Defense Minister Cao Gangchuan will pay official good-will visits to Japan and the Philippines from August 29 to September 6, according to the Chinese Defense Ministry.He will visit the two countries at the invitations of Japanese Defense Minister Koike Yuriko and Philippine Secretary of Defence Gilbert Teodoro.Cao's upcoming visits aim to fulfill the consensus reached between leaders of China and the two countries and strengthen exchanges and trust in defense and security areas, the Defense Ministry said in a statement on Thursday.
SHENYANG -- The Liaoning Provincial Higher People's Court on Monday made a final judgement to uphold the death penalty for a principal in a bogus ant-breeding project that raised 3 billion yuan (7 million) from investors.Last February, Wang Zhendong, board chairman of Yingkou Donghua Trading (Group) Co., Ltd. in northeastern Liaoning Province, was sentenced to death while 15 company managers were given jail sentences of between five and 10 years by the Yingkou Intermediate People's Court.However, Wang and the managers appealed to the provincial high court after the first instance.Wang promised returns of 35 to 60 percent for the fictitious project under the name of Donghua Zoology Culturing Co., Ltd and Donghua Spirit Co., Ltd. between 2002 and 2005.The ants were to be used for making liquor, herbal remedies and as aphrodisiacs.More than 10,000 investors signed contracts with the company before the case was investigated in June 2005.Wang, however, continued to swindle investors who visited the company and told them the business was doing very well. He misused 798 million yuan raised from investors, buying himself luxury goods and lending money to others.One investor committed suicide after realizing he had been duped, the Yingkou court heard. Wang's actions also caused huge economic losses for investors and many subsequently suffered depression, the court said.All of Wang's property was confiscated, while the managers received fines ranging from 100,000 yuan to 500,000 yuan.Also in Liaoning, police in December arrested the chairman of a company that went bust trying to make an aphrodisiac tonic from ants after thousands of angry ant farmers demanded payment.Wang Fengyou, chairman of the Liaoning Yilishen Tianxi Group, was in criminal custody on allegation of instigating social unrest.The company had organized thousands of ant farmers to supply it with insects on condition that they paid a contractual bond. However, it stopped paying its suppliers in November and the angry ant farmers feared they would lose their bonds and payments due.Thousands of ant farmers had gathered at the company offices to demand their money, but Wang allegedly paid company executives and employees to organize protests outside government buildings instead.
来源:资阳报