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BEIJING, April 25 -- The key mainland stock index yesterday soared 9.29 percent, the biggest one-day jump in six years, as investor sentiment was boosted by the government lowering of stamp duty.     The slashing of trading tax from 0.3 percent to 0.1 percent, effective yesterday, was widely seen as another government effort to lift the stock market from the doldrums it has been in for six months.     It followed the introduction of trading rules last Sunday to mitigate the impact of an expected flood of previously non-tradable shares after the lock-in period, which could greatly depress the market. Investors look over information at a stock exchange at a stock trading hall in Beijing, April 24, 2008. Equities trading tax cut, which is widely believed as policy boost by government to stem the recent slump, sends Chinese shares 9.29 percent higher on Thursday, the biggest gain since Oct 23, 2001    The Shanghai Composite Index yesterday surged 304.7 points to close at 3583.03.     In yesterday's trading, gainers outnumbered losers by 853 to 1. The Shenzhen Component index jumped 9.59 percent, or 1130.61 points to close at 12914.76. Total market capitalization swelled 9.2 percent to 22.94 trillion yuan (.3 trillion).     Turnover on the two bourses more than doubled from the day before to 261 billion yuan ( billion), the highest this year.     Analysts said the reduction in the stamp duty and restrictions on the sale of unlocked shares showed that the market has fallen as low as the government would like to see.     "The timing of the stamp duty cut suggests that the 3000 point may be a psychological bottom line for policymakers," said Peng Cheng, an economist at Citi China.     "The government had been patient in waiting until the market correction was more than 50 percent before taking action," Peng added.     Xu Wei, an analyst at Sinolink Securities, estimated that the cut in stamp duty saves investors up to 102 billion yuan (.7 billion) a year.     In addition, "the relatively lower A-share valuation and the more stable performance of overseas stock markets have combined to help investors regain confidence," said Rui Kun, a fund manager at China international Fund Management Co Ltd.     Security companies, especially those focusing on brokerage services, will benefit from the increasingly active trading because of the stamp tax cut, analysts said.     Shanghai-based Haitong Securities, Sinolink Securities and Guoyuan Securities soared to the daily limit of 10 percent.     However, some market insiders said that weak fundamentals and unfavorable China economic growth data are likely to outweigh the positive impact of the government move, and the rebound may not last long.     "It is doubtful that such administrative measures can have a sustained effect on shares when earnings face significant challenges in the periods ahead," said Peng at Citi China.     "The cumulative effect of tightening policies and rising input costs, along with shrinking demand, could cut profits more deeply than what is currently evident," Peng added.

BEIJING, June 30 (Xinhua) -- Chinese President Hu Jintao said Monday that supervision over the use of hefty quake relief fund and materials should be intensified to guarantee they would be exclusively used for what they were intended to.     "We must ensure that the quake relief fund and materials will be veritably used for quake relief and the people affected by the earthquake," Hu, also general secretary of the Communist Party of China (CPC) Central Committee, told a workshop marking the 87th founding anniversary of the CPC.     The meeting was attended by representatives of the Party's grassroots organizations and members who had been honored for their roles in the rescue and relief campaign after the May 12 earthquake. Top leaders Wu Bangguo, Wen Jiabao, Jia Qinglin and others were also present.     The death toll of the 8.0-magnitude Wenchuan earthquake reached nearly 70,000, and more than 18,000 were reported missing Monday. Government relief fund totaled 54.72 billion yuan (about 7.82 billion U.S. dollars), while domestic and foreign donations hit 55.3 billion yuan in cash and goods.     Hu told the meeting that education and supervision of Party members and leading officials in regard to clean governance should be strengthened, the system of punishing and preventing corruption further be improved, and efforts in the anti-corruption drive be increased. Chinese President Hu Jintao (R), also general secretary of the Communist Party of China (CPC) Central Committee, together with other members of the Political Bureau Standing Committee of the Communist Party of China (CPC) Central Committee, shakes hands with representatives of the party's grassroots organizations and members who had been honored for their roles in the rescue and relief campaign after the May 12 earthquake prior to their meeting in Beijing, June 30, 2008    These measures are essential for the Party members and leading officials "to maintain their original political color, and be clean in doing their jobs and behaving themselves," Hu said.     He also promised that officials who "passed tests and showed extraordinary capability in the rescue, relief and rebuilding work" should be promoted to leading positions. Chinese President and general secretary of the Communist Party of China (CPC) Central Committee Hu Jintao (C) delivers a speech at a workshop marking the 87th founding anniversary of the CPC in Beijing on June 30, 2008. The meeting was attended by representatives of the Party's grassroots organizations and members who had been honored for their roles in the rescue and relief campaign after the May 12 earthquake. Top leaders Wu Bangguo, Wen Jiabao, Jia Qinglin and others were also presentHu called on all the CPC members to study and practise the great "earthquake rescue and relief spirit" displayed by the local Communist heroes, which he summarized as "all people of one mind", "unity in strength", "fearlessness of hardship", "people first", and "respect for science".     "The spirit was a concentrated display and new development of the national spirit of modern China," he said.     Hu attributed the major achievement of saving lives in the first stage of the earthquake relief campaign to the firm leadership of the Party, stressing that Party organizations at all levels and members played a vital role.     The earthquake relief campaign was a test of the leadership and capabilities of the Party as well as a test for the capabilities of Party organizations and the nature of all Party members, he said.     Now, he said, was the crucial period for achieving the goal of the country's economic and social development as the earthquake relief effort entered into the stage of settling the affected people by restoring normal life and rebuilding homes.     Hu urged the whole Party to display excellence in the earthquake relief, in order to maintain the Party's flesh-and-blood link with the people.     He urged Party organizations of all levels to increase their capabilities for handling emergencies, by establishing and perfecting the working mechanism with concentrated leadership, unified command, sensitivity in response, and high efficiency.

BEIJING, May 2 (Xinhua) -- Beijing saw 86 "blue sky" days, or days with fairly good air quality, in the first four months of this year, a sign that years of anti-pollution efforts made by the Olympic host city continue to pay off.     The number of "blue sky" days was 11 more than the same period of last year, according to the Beijing Municipal Bureau of Environmental Protection.     The Chinese capital recorded 67 blue sky days in the first quarter, 12 more than in the corresponding period last year.     Meanwhile, major pollution indices, including concentrations of sulfur dioxide, carbon monoxide, nitrogen dioxide and particulate matters in the air, kept dropping markedly.     Beijing has input 120 billion yuan (17.1 billion U.S. dollars) in improving the air quality in the past years, and the number of "blue sky" days increased to 246 last year from 100 in 1998, when the capital launched the "blue sky" drive.     Meanwhile, Beijing's neighbouring municipality Tianjin, the provinces of Hebei, Shanxi and Shandong, and the Inner Mongolia Autonomous Region are lending a hand to the capital to attain anti-pollution goals. These efforts include closing major polluters, removing outmoded cabs and reconditioning gas stations to capture harmful chemicals.     Beijing aims to have 70 percent of the days up to standard this ear, which meant there should be at least 256 blue sky days.     It has been working to reduce pollution and improve the air quality to ensure a "Green Olympics."     For example, the municipal government cut public transport fares in an attempt to lure local residents out of their private cars, which could cut auto emissions. The city also converted 18,000 outdated coal-fired boilers and installed electrical heaters in 20,000 detached houses, replacing coal-heated devices.     Beijing is also considering traffic controls during the Olympics, in which drivers with even- and odd-numbered license plates, except taxis, buses and emergency vehicles, would only be able to drive on alternate days. Offenders would be fined.     During a test of this proposal conducted from Aug. 17-20, about1.3 million cars were taken off the city roads each day and the amount of pollutants discharged was cut by 5,815.2 tons, according o a report by the Beijing Municipal Bureau of Environmental Protection.

BEIJING, May 6 (Xinhua) -- Premier Wen Jiabao said on Tuesday that China supported the Caribbean integration process.     "China will strengthen dialogue with the Caribbean community based on mutual respect, reciprocity and equality to promote south-south cooperation and achieve common prosperity," said Wen. Chinese Premier Wen Jiabao (L) hosts a welcoming ceremony for his counterpart of Barbados David Thompson in Beijing, capital of China, May 6, 2008. Wen Jiabao held talks with David Thompson on May 6. He made the remarks during a meeting with David Thompson, prime minister of Barbados, who arrived in Beijing on Monday for a four-day official visit to China.     Wen said China and Barbados had maintained good cooperation in the areas of trade, technology, and personnel training as well as in such international organizations as the United Nations.     "Both China and Barbados are developing nations and enjoy common interests," Wen said.     He vowed to expand cooperation with Barbados on trade, tourism, architecture and sustainable development.     Thompson expressed gratitude for China's support to his country's economic and social development.     He said Barbados attached importance to relations with China and would continue adherence to the one-China policy. He also said that Barbados supported the Beijing Olympic Games and China's participation in the Inter-American Development Bank.