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JINAN, May 16 (Xinhua) -- Senior Chinese Political Advisor Wang Gang has called for efforts to step up economic restructuring, optimize the industrial structure and improve innovation capability.Wang, vice-chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), made the remarks during his inspection tour in Qingdao, Yantai, Weifang and Jinan cities in east China's Shandong Province between May 11 and 16.China registered a relatively fast economic growth this year, but the foundation for the economic recovery was still not solid, he added.He called on local authorities to enhance their awareness of the importance and urgency of economic restructuring, further deepen reform and opening up, improve the people's livelihood, and keep a stable and relatively fast economic development.

BEIJING, May 4 (Xinhua) -- Chinese equities dropped to a seven-month low Tuesday, after the central bank said Sunday it would raise the deposit reserve requirement ratio (RRR) for most financial institutions for the third time this year.The benchmark Shanghai Composite Index lost 1.23 percent to close at 2,835.28 points.The Shenzhen Component Index fell 1.81 percent to 10,960.77 points.Total turnover shrank to 141.55 billion yuan (20.7 billion U.S. dollars) from 191.91 billion yuan on the previous trading day.Losers outnumbered gainers by 533 to 347 in Shanghai and 488 to 429 in Shenzhen.

BEIJING, May 25 (Xinhua) -- The first-ever China-Europe High-Level Political Party Forum concluded here Tuesday, reaching broad consensus on many major issues.It was agreed that both China and Europe should increase comprehensive strategic cooperation to cope with global challenges, and political parties from both sides could play an important and leading role in this cooperation.The meeting achieved positive results -- deepening mutual understanding and trust through in-depth exchanges of views on the international situation, financial crisis, climate change, environmental protection and China-Europe relations. Li Yuanchao,head of the Organization Department of the Central Committee of the Communist Party of China(CPC),speaks at a welcoming dinner in honour of the participants of China-Europe High-Level Political parties Forum"Global Challenges and China-Europe Cooperation"in Beijing May 25,2010.All representatives to the meeting from Chinese and European political parties agreed that they would work together to promote China-Europe party-to-party exchanges, saying that the forum had advanced China-Europe cooperation.

BEIJING, April 13 (Xinhua) -- China's housing authorities on Monday urged local governments to put more efforts into the building of low-income housing.The national goal for 2010 is to build 3 million apartments for low-income families, renovate 2.8 million in urban shantytown areas, and expand renovation of dilapidated houses in rural areas, an unidentified official with the Ministry of Housing and Urban-Rural Development (MOHURD) told a teleconference.The ministry urged governments at all levels to strictly implement preferential policies in land provision, funding, tax reduction and credit support for low-income housing projects, to ensure the realization of the annual construction goals.MOHURD also called for efforts to curb the precipitous rise of housing prices in some cities by increasing the supply of small and medium-sized houses and to rein in the speculation on rising house prices.

NANJING, April 23 (Xinhua) -- One fisherman was confirmed dead and 16 others were still missing after two boats capsized Wednesday night at sea off Lianyungang city in east China's Jiangsu Province, local maritime bureau said Friday.Rescuers discovered the body of the fisherman Friday afternoon, and were still searching for the missing people, although their chances of survival were slim, according to Lianyungang's sea search and rescue center.Of the 17, seven are from Anhui Province and the others from Sheyang County, Jiangsu.At around 10:30 p.m. Wednesday, a boat registered in Jiangsu capsized because of strong gale and high tide about 200 sea miles from Lianyungang, throwing 12 fishermen on board into the water.The other boat, with 11 people on board and in the same fleet, capsized as it attempted to save them.By Thursday noon, of the 23 fishermen, six have been rescued by a nearby fishing boat.