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GUANGZHOU, Dec. 27 (Xinhua) -- China's southwestern Yunnan and Guizhou provinces agreed Monday to transmit 497 billion kilowatt-hours of electricity to the southern Guangdong Province over the next five years.The agreements were signed Monday between the China Southern Power Grid Company (CSG) and the three provinces.Due to a lack of resources such as coal and water, the relatively more developed eastern and southern regions in China face pressure of providing enough electricity to boost their growth."China's coal resources are mainly based in the west and north, while water is also abundant in the southwestern regions. The uneven situation makes it necessary to transmit power from the west to the east," said Qian Zhimin, deputy director of China's National Energy Administration.Qian said China had initiated the west-to-east power transmission program back in 2000. By the end of this year, the CSG has transmitted over 543 billion kilowatt-hours of power through the program.Guangdong, an economic powerhouse in south China, with a gross domestic product exceeding 3.9 trillion yuan (about 583.3 billion U.S. dollars) in 2009, has been the largest beneficiary of the program as almost 120 billion kilowatt-hours of electricity produced in other western provinces is used by Guangdong annually, making up about one-fourth of all the power it uses every year.The CSG is one of China's two major grid operators, along with the State Grid. The CGS invests, builds, and operates power networks in Guangdong, Guizhou, Yunnan and Hainan provinces, and in Guangxi Zhuang Autonomous Region.
BEIJING, Dec. 10 (Xinhua) - China's priority in the public health sector will shift from prevention and control of communicable diseases to treating chronic diseases during the next five years.Li Bin, an official with the Ministry of Health, made the statement during a regular press conference at the ministry on Friday.Li said China had given priority to controlling communicable diseases during the 11th five year program (2006-2010), and the health authority will now focus on chronic diseases during the 12th five year program (2011-2015).According to statistics from the ministry, cardio-cerebral vascular disease has become the major threat to the health of the Chinese public. The incidence rate of chronic diseases in China has reached 20 percent, which meant 260 million people have been diagnosed as suffering from chronic diseases.It was also reported during the press conference that China had retrofitted toilets in 7.83 million rural households into more hygienic facilities as of the end of November this year.
BEIJING, Jan. 14 (Xinhua) -- China will increase the flexibility of the yuan exchange rate and further push forward the opening-up of its financial markets, a senior central bank official said Friday.China will continue the reform of the yuan exchange rate mechanism and keep the rate basically stable at a reasonable and balanced level, Li Dongrong, assistant governor of the People's Bank of China, said at a forum. The speech was posted on the central bank's website.The Chinese yuan strengthened to a record high against the U.S. dollar Friday, the central parity rate reaching 6.5896, the second straight day it has been set below 6.6 per dollar, according to the China Foreign Exchange Trading System.The currency has risen by more than 3 percent since the country's central bank announced in June 2010 it would further reform the yuan exchange rate formation mechanism to improve its flexibility.Li also said the central bank will work to expand trials of cross-border yuan settlement, to facilitate trade and investment.The central bank will promote the policy of allowing exporters to park their foreign revenue overseas, Li said, adding that it will further develop the foreign reserves market and create tools to hedge exchange rate risk.Li's speech came after the central bank announced Thursday the nation's qualified businesses and banks may settle their overseas direct investment in yuan, a move that expands the Chinese currency's global reach and eases excess domestic liquidity concerns.Li also voiced concern about loose credit globally, saying such policies are adding to capital-inflow and currency-appreciation pressures, leading to asset bubbles in some emerging economies.China still faces many challenges, Li said. "Expectations for inflation are rising. Housing prices are still high in some cities. Pressure from continuous inflows of foreign capital is increasingly evident," he said.The central bank will soundly manage money supply and maintain reasonable growth in credit, he added.
BEIJING, Jan. 7 (Xinhua) -- Chinese Vice Premier Zhang Dejiang Friday called for improving the management and supervision of China's state-owned assets and promoting the development of state-owned enterprises (SOEs), to preserve and increase the value of state property.Chinese state assets management and supervision authorities should work to improve monitoring systems and boost the scientific development of state-owned economies, as Chinese SOEs will face the "pressing task" of reform and development over the next five years, Zhang told a national conference on state assets supervision and management.Chinese SOEs progressed rapidly in the previous five years, he said, adding that state-owned economies play an important role in the development of the Chinese economy.Zhang urged state assets management and supervision authorities to further improve the organizational and legal systems, accelerate the reform of SOEs, and transform the development pattern of SOEs, which are responsible for taking the lead in China's scientific innovation and making contributions to the nation's development.
DUSHANBE, Nov. 25 (Xinhua) -- China and Tajikistan will enhance high-level contacts, expand exchanges and cooperation in various fields to fully develop their relations of good-neighborliness, friendship and cooperation, said a joint communique signed on Thursday by the two countries.Chinese Premier Wen Jiabao signed the communique with his Tajik counterpart Akil Akilov in his two-day visit to the Central Asian nation. During his stay there, Wen also attended the ninth prime ministers' meeting of the Shanghai Cooperation Organization (SCO).Both sides hailed the development of bilateral ties, and reiterated that the development of long-term and stable relations of good-neighborliness, friendship and cooperation is in the interests of the two peoples, the communique said.Chinese Premier Wen Jiabao (L) shakes hands with Tajik Prime Minister Akil Akilov during a signing ceremony after their talks in Dushanbe, Tajikistan, Nov. 25, 2010. China and Tajikistan also vowed to deepen political mutual trust and implement all the consensus reached between the two sides.Meanwhile, China expressed appreciation of Tajikistan's adherence to the one China policy and its support to the peaceful development of cross-Strait ties and China's effort to pursue peaceful reunification.The communique spoke highly of the Sino-Tajik trade and economic cooperation in recent years, holding that both sides should give priority to maintaining the sustained and stable growth of bilateral trade volume and to boosting cooperation projects in economic and technological fields.Both countries have decided to give full play to the intergovernmental economic and trade committee to improve the environment for investment and trade and create new cooperative modes, the communique said.The two neighbors, which are adjacent geographically and complementary to each other economically, also pledged to boost cooperation in such areas as transportation, telecommunication, electricity, finance, mining and agriculture, the communique said.In the communique, both sides spoke highly of their cooperation concerning ports which contribute greatly to the development of bilateral economic and trade cooperation. The two nations will also speed up efforts to improve infrastructure construction in Karasu-Kulma port and customs clearance conditions to allow the all-year-round operation of the port at an early date.The two countries, meanwhile, vowed to continue promoting cooperation in culture, education, health, tourism, sports and journalism, and encourage the sponsorship of cultural days and cultural festivals by each other as well as exchanges between youths of the two countries.Both sides will further their close cooperation so as to continue improving the facilities and quality of teaching in the Confucius Institute in Tajikistan, the communique said.