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BEIJING, Jan. 23 (Xinhua) -- China's education authorities have banned employment of new substitute teachers, but denied a deadline for dismissing those still at work."Governments at all levels must ensure the inflow of qualified teachers and prohibit any school from taking on more substitute teachers," said Lu Yugang, deputy director of the personnel department of the Ministry of Education.Longtime employment of substitute teachers would not only impair the interests of students but also be unfair for the teachers as they are usually low paid, Lu said.However, the role of substitute teachers played and the contribution they made should not be forgotten, Lu said. "We cannot just tell them to leave the school and go home."Discussions about the future of substitute teachers have been featured prominently in newspapers and on websites in recent days, as it was reported all the substitute teachers would be dismissed in 2010.Substitute teachers are more often seen in poor places, mostly rural villages, as local governments could not afford to employ enough licensed teachers.By the end of 2008, China had about 311,000 substitute teachers, according to the ministry.Lu said the substitute teachers qualified for the job should be given opportunity to be formally recruited while those who were dismissed should be compensated.In recent years, substitute teachers have been gradually replaced by graduates from normal universities as the government invested more in the education in rural areas.
CANBERRA, Feb. 6 (Xinhua) -- Queensland mining magnate Clive Palmer said Saturday his company has secured Australia's largest coal export deal with China.The Resourcehouse chairman said the company had reached a 20-year agreement with one of China's largest power companies, China Power International Development, the flagship company of China Power Investment Corporation (CPI)."This deal with CPI is Australia's biggest ever export contract," Palmer said in a statement."This is Australia's largest single, non-syndicated, finance deal and the interest from China highlights the strength of the project and the benefits for Queensland and Australia in developing a new world class coal region such as the Galilee Basin," he told reporters."There will be four underground mines and two open cut mines," he said.Meanwhile, Queensland Premier Anna Bligh said there was some environmental red tape to negotiate before the project was approved but she did not expect any last-minute problems."It is world demand which is making it a commercial opportunity," Bligh said.More than 100 million additional tons of coal could be exported every year from Queensland because of new projects under consideration by the state government.
BEIJING, Feb. 3 (Xinhua) -- China's top political advisor Jia Qinglin on Wednesday called on the country's Buddhists to contribute to ethnic unity, social stability and national unification.Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, made the call when meeting with newly elected leaders of the Buddhist Association of China.He urged the association to unite and lead Chinese Buddhists to safeguard China's ethnic unity, social stability and national unification, and work hard to contribute to the all-round construction of a well-off society. Jia Qinglin (front R), chairman of the National Committee of the Chinese People's Political Consultative Conference(CPPCC), shakes hands with Chuan Yin, the newly elected president of the Buddhist Association of China, in Beijing, capital of China, Feb. 3, 2010. Jia met with the delegates of the eighth national conference of the Buddhist Association of China in Beijing on WednesdayEfforts should be made to cultivate more Buddhist talents and improve Buddhist education, said Jia, also member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee.Chuan Yin, who had headed the Beijing Buddhist Association, was elected as president of the Buddhist Association of China at the organization's eighth national conference Wednesday, while the 11th Panchen Lama was elected a vice president. Jia Qinglin (front R), chairman of the National Committee of the Chinese People's Political Consultative Conference(CPPCC), walks with Chuan Yin (front L), the newly elected president of the Buddhist Association of China, in Beijing, capital of China, Feb. 3, 2010. Jia met with the delegates of the eighth national conference of the Buddhist Association of China in Beijing on Wednesday
BEIJING, Jan. 13 (Xinhua) -- The decision of the People's Bank of China (PBOC), the central bank, to increase the deposit reserve requirement ratio has drawn worldwide attention and fluctuations in global markets. The PBOC decided on Tuesday to raise the deposit reserve requirement ratio by 0.5 percentage points as of Jan. 18, which analysts translated as a move to manage inflationary expectations and avoid a recurrence of the lending boom. This was the first time that the PBOC adjusted the ratio of deposit that lenders are required to set aside since the end of 2008 and the first increase for the ratio since June 2008. The PBOC cut the bank reserve requirement ratio four times in the second half of 2008 to stimulate growth as the global financial crisis started to weigh on the economy. The adjustment of the reserve requirement ratio, without changing benchmark interest rates, indicated the central bank was targeting inflationary expectations instead of inflation, said Zhao Qingming, a senior researcher at the China Construction Bank. Ma Jun, chief economist with Deutsche Bank (Great China), said that the rise in the reserve requirement ratio has ended the expansionary monetary policy and started a tightening cycle. Global markets took a hit after the Chinese attempt to cool the world's fastest-growing major economy. Chinese equities saw their sharpest dip in seven weeks on Wednesday after the central bank asked lenders to set aside more reserves as record bank lending last year ignited fears of inflation and asset bubbles. The benchmark Shanghai Composite Index went down 3.09 percent, or 101.31points, to close at 3,172.66 points. The Shenzhen Component Index lost 2.73 percent, or 364.69 points, to close at 13,016.56 points. Hong Kong stocks shed 578.04 points, or 2.59 percent, to close at 21,748.60 on Wednesday. The Hong Kong market was also dragged by overnight losses on the United States markets. The benchmark Hang Seng Index opened down 1.42 percent and widened its losses to 2.24 percent by lunch break, and further to 2.59 percent by market close. South Korea's financial markets on Tuesday reacted as the Chinese central bank raised the deposit reserve requirement ratio, with the stock markets and foreign exchange rate plunging from the last close. The benchmark Korea Composite Stock Price Index (KOSPI) and the Korean Securities Dealers Automated Quotations (KOSDAQ) jointly marked a plunge of 27.23 points and 3.65 points, respectively, from the last close. The report from China also affected the foreign exchange market, with the local currency also sliding against the U.S. dollar by 1.9 won. The New Zealand share market also fell on Wednesday after the Chinese move. The share market closed 0.43 percent lower with the benchmark NZSX-50 down 14.1 points at 3,276.2. Canadian stocks fell for the second day, weighed down by a metal and mining sector that was hit by the Chinese central bank's decision to cool economic growth. The S&P/TSX Composite Index declined 126.94 points, or 1.06 percent, to 11,820.18 on Tuesday. Earlier the index shed 173 points to 11, 774, the lowest level this year. U.S. stocks retreated Tuesday, with S&P falling for the first time in 2010, as disappointing Alcoa fourth-quarter results and rising U.S. trade deficit cooled optimism for a strong earnings season and a sustainable economic recovery. Crude tumbled the most in five weeks on concerns that demand from China, the world's second-largest oil consumer, will wane as the government moves to curb lending. Benchmark crude for February delivery fell 1.73 dollars to settle at 80.79 dollars a barrel on the New York Mercantile Exchange. It's the first time this year a barrel has closed below 81 dollars a barrel. Meanwhile, analysts widely hold that the Chinese central bank's decision is to cast only a short-term, instead of mid-term, stroke on the domestic stock market, as the impact would largely be psychological. Zhuang Jian, a senior economist with the Asian Development Bank, said the adjustment did not indicate a shift in the moderately easy monetary policy, but was an effort to control the pace of lending. Through the reserve requirement ratio increase, the central bank intended to call for balanced lending at commercial banks, which would support economic growth while avoiding higher inflationary expectations, Zhuang said.
BEIJING, March 7 (Xinhua) -- President Hu Jintao on Sunday urged the Chinese women to contribute more to the country's development and modernization on the eve of the 100th anniversary of the International Women's Day.Addressing a gathering marking at the event the Great Hall of the People, Hu said Party committees and governments at all levels should resolutely carry out the basic state policy of equality between men and women, eliminate discrimination against women, and crack down on violations of women's rights in light with law.Hu stressed that women's equal rights of political participation, equal participation in economic and social development, and equal access to benefits brought by economic development must be protected. Chinese President Hu Jintao, who is also General Secretary of the Central Committee of the Communist Party of China (CPC) and Chairman of the Central Military Commission, shakes hands with female representatives before a meeting which marks the 100th anniversary of the International Women's Day at the Great Hall of the People in Beijing, China, March 7, 2010Noting that the Chinese women have made great contributions in process of building the New China and realizing the Chinese nation's rejuvenation, Hu also called on the women to play a bigger role in carrying forward the country's modernization drive.Hu expressed his festival greetings to the women and extended thanks to international organizations and friends for their support to the development of the Chinese women's undertakings.Other Chinese leaders including top legislator Wu Bangguo and Premier Wen Jiabao also attended the gathering.