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BEIJING, April 5 (Xinhua) -- China will strengthen oversight of listed securities companies by promoting information transparency. On Saturday, China Securities Regulatory Commission (CSRC) introduced a regulation which said securities companies should remind investors about potential risks when shareholders decide to launch a new business or introduce an innovative business. The annual report and half-year report by listed securities companies should include risk assessment conditions, as well as reasons for risk and probable effects. Photo taken on April 1, 2009 shows a woman smiles before a stock price electronic board in Beijing. China's benchmark composite stock index on the Shanghai Stock Exchange closed at 2408 points on Tuesday In addition to the annual operation report, companies were asked to deliver a supervision and monitoring annual report which includes audit and accounting information. If a company or high-rank official is involved with serious illegal activity, and that results in worsening financial condition, the company should inform all shareholders. The CSRC said the regulation, which was made on the basis of the Securities Law, took effect April 3.
BEIJING, March 4 (Xinhua) -- Chinese leaders joined in panel discussions with the country's political advisors Wednesday, calling for concerted efforts to pull through the global financial crisis which is unfolding its impact on the country's economy. Chinese President Hu Jintao (2nd R), shakes hands with a member of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC) in Beijing, capital of China, March 4, 2009. Hu Jintao and Jia Qinglin (1st R), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and also chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), visited the CPPCC members from the China Association for Promoting Democracy and the China Democratic League on WednesdayAll parties, all organizations, all social strata and all ethnic groups should unite under the central authorities' decisions and strategy to overcome difficulties, President Hu Jintao said in a discussion with members of the National Committee of the Chinese People's Political Consultative Conference (CPPCC). He called on all Chinese people to stand together and "bravely move forward" though difficulties are in sight. "This year is pivotal for the country to combat the financial crisis and maintain a steady and relatively rapid economic growth," Hu told political advisors from the China Association for Promoting Democracy and the China Democratic League, two non-communist parties. "To ensure economic growth, people's well-being and social stability is of great importance to maintain a stable overall situation of reform and opening-up," Hu said. Wu Bangguo (front R), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and also chairman of the Standing Committee of the National People's Congress (NPC), meets with members of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC) from the CPC during the panel discussion in Beijing, capital of China, March 4, 2009Top legislator Wu Bangguo called on members of the Communist Party of China (CPC) to play an exemplary role and contribute wisdom and strength to the national development during his discussion with a group of advisors from the CPC. Wu, chairman of the Standing Committee of the 11th National People's Congress, pinpointed the importance of investigation and research on issues concerning people's livelihood in a bid to "fully reflect the real social situations and the public opinions." He asked the CPPCC members to make efforts to promote the building of a harmonious society. Chinese Premier Wen Jiabao (front L), meets with members of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC) from the circles of economy and agriculture during the joint panel discussion in Beijing, capital of China, March 4, 2009In the discussion with advisors from the circles of economy and agriculture, Premier Wen Jiabao said the country need to make large-scale government investment and bring in more social and private funds as well. While the crisis demands stronger government macro-control, the role of the market mechanism should also be given a full play, he said. Wen called for resolute and prompt government decisions in the face of the economic woes but stressed that officials must work according to the law and procedures. "We must make sure every major government investment plan is appraised in a scientific way and will be known, understood and supervised by the people," he said. "The more difficulties we have, the more opinions we should solicit from various groups," he said. Jia Qinglin (R), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and also chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), meets with members of the 11th National Committee of the CPPCC from the religious circle during the panel discussion in Beijing, capital of China, March 4, 2009CPPCC National Committee Chairman Jia Qinglin encouraged political advisors from the religious circle to guide believers to "promote economic development and social stability." He asked them to work for harmonious religious relations and the reunification of the motherland. The other members of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang and Zhou Yongkang, also joined panel discussions with political advisors. Li Changchun (L), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, meets with members of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC) from the social sciences, media and publication circles during the joint panel discussion in Beijing, capital of China, March Li Changchun told political advisors from the social sciences, media and publication circles to nurture an environment that can help ensure economic growth, people's well-being and social stability by conducting investigations and better answering questions of public concern. Chinese Vice President Xi Jinping (front L), who is also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, meets with members of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC) from south China's Hong Kong Special Administrative Region (SAR) and Macao SAR during the joint panel discussion in Beijing, capital of China, March 4, 2009.During a panel discussion with advisors from Hong Kong and Macao, Vice President Xi Jinping assured that with the support from the central government and through efforts made by the regional governments, the two special administrative regions will surely tide over the crisis and achieve long-term prosperity. Li Keqiang (2nd R), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, meets with members of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC) from the education circle during the panel discussion in Beijing, capital of China, March 4, 2009.Vice Premier Li Keqiang stressed the priority of education in his discussion with advisors from the education circle, saying education is the "strategic foundation" of the country's modernization. A better education system will benefit the people's well-being and all-round development and provide talent support for the country's economic and social drives, he said. He Guoqiang (2nd R), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, meets with members of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC) from the China Democratic National Construction Association and the All-China Federation of Industry and Commerce during the joint panel discussion in Beijing, capital of China, March 4, 2009. He Guoqiang, secretary of the CPC Central Commission for Discipline Inspection, called on non-public sectors of the economy to adapt to the market transformation, shift development mode and shoulder social responsibility by making more contributions. He also urged to intensify the battle against corruption and improve officials' work style. Zhou Yongkang (R), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, meets with specially invited members of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC) during the panel discussion in Beijing, capital of China, March 4, 2009.Zhou Yongkang called for preventing and resolving social conflicts and listening to public opinions so as to safeguard public rights and interests. The CPPCC National Committee started its annual full session Tuesday. The meeting is scheduled to end on March 12.

BEIJING, April 4 (Xinhua) -- The import and export of electronic and information products in China went down 30.3 percent year on year in the first two months, data released by the Ministry of Industry and Information Technology showed on Friday. The combined import and export value was 87.61 billion U.S. dollars through January to February. In breakdown, export fell 26.1 percent from the same time a year ago to 53.55 billion U.S. dollars. Import was down 36.07 percent to 34.06 billion U.S. dollars. The import value of LCD panel, a main component in flat-panel television, declined 48.8 percent to 1.82 billion U.S. dollars. The export value of processing trade with imported material, which comprised more than two thirds of the total export, was down 25.4 percent to 37.86 billion U.S. dollars. China's export, a driving force of the world's third largest economy, plummeted 25.7 percent year on year in February, the worst decline in more than a decade, as global demand deteriorated amid the deepening recession.
DAR ES SALAAM, Feb. 15 (Xinhua) -- Chinese President Hu Jintao on Sunday said he reached new consensus with African leaders during his ongoing visit to the continent. "During my African visit, I had in-depth discussions with leaders of related countries on bilateral relations and issues of common concern, and we reached a number of new and important consensus," Hu said while giving an interview to Tanzanian State Television and Hong Kong-based Phoenix TV. Visiting Chinese President Hu Jintao (L) meets with his Tanzanian counterpart Jakaya Mrisho Kikwete in Dar es Salaam, Tanzania, Feb. 15, 2009This is the president's sixth visit to Africa and his second since the Beijing Summit of the Forum on China-Africa Cooperation in 2006. The four-country African tour has taken Hu to Mali and Senegal. After his stay in Tanzania. Hu will travel on to Mauritius before flying back home on Tuesday. "The visit is aimed at cementing friendship, deepening cooperation, dealing with challenges and seeking common development," Hu said. Visiting Chinese President Hu Jintao (L) meets with his Senegalese counterpart Abdoulaye Wade in Dakar, capital of Senegal, Feb. 13, 2009As a sincere friend of Africa, China will actively support African countries in developing their economies, and improving livelihood and strengthening cooperation, he said. "China will fully and punctually implement measures agreed at the Beijing Summit of the Forum on China-Africa Cooperation, seek China-Africa pragmatic relations and promote the further development of our new strategic partnership," Hu said. Eight measures announced at the landmark summit included massive tariff cuts, debt exemptions, and doubling aid to Africa over a three-year period among others. Chinese President Hu Jintao (L, Front) shakes hands with Malian President Amadou Toumany Toure (R, Front) after signing agreements in Bamako, Mali, on Feb. 12, 2009.Hu said he was satisfied with the development of China-Tanzania ties. Noting Tanzania is an old and good friend of China, Hu said the bilateral relationship has moved forward in a sound and smooth way and yielded fruitful cooperation in various fields since the establishment of bilateral diplomatic ties in 1964. "It can be viewed as an exemplary relationship of sincerity, solidarity and cooperation between the two developing countries," Hu said. In 2008, bilateral trade hit an all-time high, reaching more than 1 billion U.S. dollars, Hu said. He held talks with Tanzanian President Jakaya Mrisho Kikwete and met Zanzibar President Amani Abeid Karume earlier on Sunday. Hu said they reviewed the growth of China-Tanzania relations and set a direction for bilateral relations to develop in a new era. The two sides agreed on cementing traditional friendship, deepening pragmatic cooperation and taking the relations to a new high, Hu said. "With joint efforts, I am convinced that bilateral relations will have a promising future and benefit the two nations," Hu said. Before the interview, Hu attended the completion ceremony of Tanzania's state stadium and paid tribute to a cemetery for Chinese experts who worked and died in Tanzania.
BEIJING, Feb.2 (Xinhua) -- "The wheat grass gets so dry that it catches fire! I've never seen this in my whole life," said 50-year-old Wei Liuding in Baisha village, Muzhong County of North China's Henan Province. Wang Hongwei, a farmer from Putaojia Village of Henan's Lankao County, grievingly held a grasp of wheat grass roots in his hand. "All the wheat in my land is dying like this," he told a Xinhua reporter. Photo taken on Feb. 2, 2009 shows the droughty reservoir in Yiyang County of Luoyang city, central China's Henan ProvinceHenan, China's major grain producer, issued a red alert for drought Thursday. The provincial meteorological bureau said the drought is the worst since 1951. The drought have affected about 63 percent of the province's 78.9 million mu (5.26 million hectares) of wheat. But Henan Province is not the only victim in thirsty northern China. Anhui Province issued a red drought alert Sunday, forecasting a major drought that will plague more than 60 percent of the crops north of the Huaihe River is no rain is reported by next week. Shanxi Province was put on orange drought alert on Jan. 21, as nearly one million people and 160,000 heads of livestock are facing water shortage. Provinces such as Shaanxi, Shandong, Hebei and Jiangsu are also reeling from droughts. According to the Office of State Flood Control and Drought Relief Headquarters on Sunday, the droughts in northern China have affected about 145 million mu (9.67 million hectares) of crops, and have left 3.7 million people and 1.85 million livestock with poor access to drinking water. Secretary of the office E Jingping said the headquarters sent four working teams to eight provinces to supervise the drought relief work. The Ministry of Finance (MOF) has allocated 100 million yuan (14.6 million U.S. dollars) in emergency funding to help ease the drought. E said about 1.38 billion yuan had been used to fund the relief work since the end of December. Some 74.60 million mu (4.97million hectares) of farmland have been irrigated, and drinking water shortages have been eased for about 500,000 people and 280,000 livestock. The irrigation system in the drought area is under a crucial test. The water flow under Xiaolangdi Dam on the Yellow River reached 550 cubic meters per second as of 2 p.m. Saturday, to help soothe the drought in Henan Province. "The water in my well is very deep today," Wei Liuding told Xinhua reporter Sunday. "Although we were informed that the government's subsidies will be soon handed out to households, I decided not to merely rely on the government, and I am now irrigating the lands for four hours a day at my own expense." But with a family of five, Wang Hongwei was more worried. "Though we irrigate the lands now, the production will surely see a big drop. Like many other people in our village, I am thinking about doing odd jobs in the town to earn some extra cash." Li Xin, an advocate for the income and rights of farmers and migrant workers who opened a company to sue false seed producers, said, "Even if the farmers go to towns and cities to work, their pays will wane as the financial crisis continues to loom." Duan Aiming, head of the Irrigation Research Center of the Chinese Academy of Agriculture Sciences, said the current drought has "sound an alarm to the water resource utility in northern China". "Much water is being wasted, because many mature irrigation technologies cannot be put into practice for lack of funds, and the input on irrigation infrastructure is not enough," said Duan. "Only by a long-term improvement of the irrigation system can the government realize its goal of increasing the grain yield and the farmers' income," said Li. In the first document of the year issued jointly by the State Council and the Central Committee of the Communist Party of China on Sunday, local authorities were urged to take measures to avoid declining grain production, ensure the steady expansion of agriculture and rural stability. "The foundation for securing steady and relatively fast economic growth is based upon agriculture; the toughest work of securing and improving people's livelihoods stays with farmers," it said.
来源:资阳报