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BEIJING, May 4 (Xinhua) -- Premier Wen Jiabao on Tuesday told youths to aim high and make concrete efforts to achieve their goals as he spent this year's Youth Day with students from the prestigious Peking University.Wen arrived at the campus Tuesday morning while various clubs and societies, ranging from mountain climbing, astronomy, career development to charity, were holding shows and performances to mark the day.At the calligraphy and painting society section, a philosophy student named Li Danlin gave Premier Wen her calligraphy work of four characters: yang wang xing kong (look up to the starry sky), which is the title of a widely-known Chinese poem written by Wen to encourage young people to aim high and pursue their goals fearlessly. Chinese Premier Wen Jiabao (2nd R, Front) talks with students in the library at Peking University in Beijing, capital of China, May 4, 2010. Wen spent the Chinese Youth Day with students of Peking University here on Tuesday. Wen added another four characters to the work: jiao ta shi di, which means be earnest and down-to-earth.This year's May 4 marks the 91th anniversary of the "May Fourth Movement," an important cultural and political movement in Chinese history that fought imperialism and promoted democracy and science.

BEIJING, March 31 -- The shifting of a 40-year-old system of setting annual iron ore prices to a short-term pricing mechanism may shake up the Chinese steel industry by creating an even playing field for all steel mills - large and small - in terms of raw material costs.BHP Billiton said on Tuesday that it had concluded agreements with a significant number of Asian customers to shift pricing for the majority of its iron ore to short-term contracts, which are based on market prices.A worker at Liaoyang Iron and Steel Company, Liaoning province. There are 1,200 steel mills in China, but only 112 have licenses to import iron ore at long-term prices. Unlicensed firms have to buy iron ore from the spot market.Vale wants a new pricing system every quarter, said Pedro Gutemberg, director of marketing and research at Vale in Beijing on Tuesday, speaking at an industry conference"A more time-adjusted pricing mechanism is needed in order to better reflect real market prices," he said. "Benchmark prices are over. This is a market-oriented industry."That shift may be of some value to smaller steel mills."Vale has offered quarterly priced iron ore to us, which means we could buy iron ore at the same prices that large steel mills pay," said a sales manager at a small, private steel mill that doesn't have an iron ore import license.

HONG KONG, May 6 (Xinhua) -- Hong Kong people, including hundreds of volunteers, streamed into a downtown funeral house on Thursday to pay their last respects to the city's fallen hero, Wong Fuk-wing, a former volunteer who lost his life saving others in the April 14 earthquake in northwest China's Qinghai province."I will remember him for all the rest of my life," said nine- year-old Bai Ji, who was among one of those saved by Wong.A three-hour public memorial service began at 4 p.m. local time at a memorial hall of the Universal Funeral Parlor in Kowloon. Among thousands of mourners, four children from the orphanage where Wong worked as a volunteer, came here to pay farewell to Wong, also known as Ah Fuk. Hong Kong Special Administrative Region's Chief Executive Donald Tsang (front) bows at the funeral of Wong Fuk-wing in Hong Kong, south China, May 6, 2010. Hong Kong people, including hundreds of volunteers, streamed into a downtown funeral home on Thursday to pay their last respect to the city's fallen hero, Wong Fuk-wing, a former volunteer who lost his life saving others in the earthquake in northwest China's Qinghai ProvinceWong, a 46-year-old truck driver who had survived the 7.1- magnitude quake in Yushu last month, died in a powerful aftershock as he returned to rescue the trapped people at the orphanage. He rescued four people before being hit -- three orphans and a teacher.A Zhou, a fellow social worker with Wong from the orphanage, burst into tears when he stepped into the memorial hall.All that Wong cared about in his last minutes was the safety of orphans, said A Zhou."We will bend over backward to take care of the orphans, which is also Ah Fuk's wish," the young man told Xinhua.

SHANGHAI, May 17 (Xinhua) -- China will endeavor to quicken the pace of development of its information and communications sector, China's Minister for Industry and Information Technology Li Yizhong said here Monday.Li made the remarks at an event celebrating the 145th anniversary of the International Telecommunication Union (ITU) held at the Shanghai World Expo park.The ITU Monday presented the World Telecommunication and Information Society Award to Malaysian Prime Minister Najib Razak; Wang Jianzhou, Chairman and CEO of China Mobile; and Robert Kahn, President and CEO of the Corporation for National Research Initiatives.Li Yizhong, Chinese minister of industry and information technology, speaks during the celebration of the International Telecommunication Union (ITU) Honor Day at the Shanghai World Expo in Shanghai, east China, on May 17, 2010, the Day of the World Telecommunication and Information Society.The laureates were recognized for their contribution to the ongoing digital revolution and their dedication to promoting information and communication technologies as a means to a better life for humanity, the ITU said in a statement on its website.A total of 189 countries and 57 international organizations are presenting their best at the six-month Shanghai World Expo under the theme of "Better City, Better Life."