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BEIJING, Sept. 6 (Xinhua) -- With a dazzling and emotional show that highlighted the value, dignity and dream of life, the Beijing 2008 Paralympic Games opened in the Chinese capital on Saturday night, rallying the world under one shared dream of "transcendence, integration and equality" for the disabled. "Ge Jiu Ge Wei (ready), Yu Bei (set) ... " At the order given in Chinese by International Paralympic Committee (IPC) President Philip Craven, nearly 100,000 spectators in the National Stadium, or the Bird's Nest, in north Beijing, clapped their hands simultaneously to give a unique and resounding "go" signal to the world's premier sporting event for elite athletes with disabilities.Photo taken on Sept. 6, 2008 shows the general view of the opening ceremony of the Beijing 2008 Paralympic Games in the National Stadium in Beijing, ChinaA record 4,000-plus athletes from 147 countries and regions, 10 times the figure at the Games' debut in Rome 1960, marched into the stadium amid thundering cheers from the stands, before Chinese President Hu Jintao declared the Games open at 22:36 Beijing time. "These Games will have more athletes, more competing nations, and more sporting events than ever before," said Philip Craven in his opening ceremony speech, calling them "milestones in Paralympic history." The three-hour ceremony climaxed when Hou Bin, China's triple Paralympic high jump champion with only one leg, lit the cauldron for the Games.Fireworks are displayed at the opening ceremony of the Beijing 2008 Paralympic Games held in the National Stadium in Beijing, China, Sept. 6, 2008With the torch on his wheelchair, the 33-year-old Hou used both hands to pull himself up along a hanging rope to the rim of the steel-latticed Bird's Nest to accomplish his laborious mission. Though suspended by wires, he had to halt and gasp for several times, with the entire crowd cheering him on loudly. The Paralympic flame, first lit at the 600-year-old Temple of Heaven in south Beijing on Aug. 28, was relayed through 11 Chinese cities -- including ancient capitals Xi'an and Luoyang and modern metropolises Shanghai and Shenzhen -- in nine days, covering a distance of 13,181 kilometers and involving 850 torchbearers.Fireworks are displayed during the opening ceremony of the Beijing 2008 Paralympic Games in the National Stadium, also known as the Bird’s Nest, in Beijing, China, Sept. 6, 2008. Shortly before the cauldron was set ablaze, the IPC flag, which carries the IPC logo of red, blue and green curves -- a new design adopted just in 2003 and used at a Paralympics for the first time, was escorted into the stadium by a team of eight Chinese Paralympic gold medalists, and hoisted next to the Chinese national flag. On behalf of all athletes and officials, Chinese athlete Wu Chunmiao and goalball referee Hao Guohua, holding a corner of the IPC flag, took the Paralympic oath, vowing to keep the Games competition fair and clean. "Over the next 11 days, the heroines and heroes will undoubtedly be the athletes," said the IPC president. The Paralympians, many in wheelchairs or on crutches and often seen supporting each other on the track, were ushered into the stadium minutes after the opening ceremony began at 20:00 Beijing time sharp. All smiling broadly, they waved hands, hats and flags to the stands, and posed for pictures with team guides or volunteers.
KUNMING, April 2 (Xinhua) -- Chinese Premier Wen Jiabao has pledged that his government will extend further support to poor areas inhabited by ethnic minority people. "All ethnic groups form one big family. We must be united and help each other, to prosper and make progress together," Wen told a group of Jingpo nationality farmers during a visit to the Dehong Dai and Jingpo Autonomous Prefecture in Southwest China's Yunnan Province. Chinese Premier Wen Jiabao visits the DehongDai and Jingpo Autonomous Prefecture in southwest China's Yunnan Province from March 31 to April 1.Wen's trip to Yunnan from March 31 to April 1 took place after he attended the third Summit of the Greater Mekong Subregion held in Vientiane, the capital of Laos. Yunnan has the largest number of ethnic minority groups among all Chinese regions. Wen told farmers in Dai, Jingpo and De'ang villages that his new cabinet has decided to increase rural spending by 25 billion yuan (3.5 billion U.S. dollars). Government shall also increase subsidies for cereal growing and farming machines as well as the minimum state purchasing prices for rice and wheat, Wen said in a Dai village, greeting local farmers in Dai language. Chinese Premier Wen Jiabao visits the DehongDai and Jingpo Autonomous Prefecture in southwest China's Yunnan Province from March 31 to April 1.At the Santaishan Jingpo village, farmer Ding Kongdao told Wen that although he no longer worries about food and basic medical care, cash income is still hard to make being in such a remote mountainous village. The Premier said villagers should be relocated to places where life is easier and that small water conservation projects should be built to water crops. He also suggested that farmers should also grow cash crops such as coffee and banana in addition to rice and sugar cane. Local governments should also help them find jobs in cities. In a De'ang nationality village at the foot of a mountain, Premier Wen met Yao Lateng in his new house. When he learnt that Yao married a Han girl, Wen shook hands with the couple and said, "This is unity among ethnic groups." The village was relocated to a flat place near national highway302 from a nearby mountain five years ago, with special government funding to help ethnic minority groups. Wen urged local officials to make education their top priority, saying that education is the foundation for people to improve their life. Wen also hosted a small meeting attended by a dairy farmer, a school master and a countryside doctor, among others, to solicit their opinions of government work.

HONG KONG, June 2 (Xinhua) -- Mainland-based telecommunications giants China Unicom and China Netcom, both listed on the Hong Kong stock exchange, announced Monday that each share of Netcom will be exchanged for 1.508 Unicom shares in a proposed merger. The rate was based on the price of China Netcom shares on the Hong Kong mainboard before their suspension from trading on May 23, with a 3 percent premium, said Tong Jilu, executive director and chief financial officer of China Unicom. Chang Xiaobing, chairman and chief executive officer of China Unicom, also said each American depository share of China Netcom will be exchanged for 3.016 American depository shares of the new China Unicom, subject to shareholders' approval. (L-R) China Netcom CFO Li Fushen, China Netcom Chairman and CEO Zuo Xunsheng, China Unicom Chairman and CEO Chang Xiaobing and China Unicom CFO Tong Jilu join hands after announcing the merger of China Netcom and China Unicom in Hong Kong, South China, June 2, 2008. China Unicom also said it reached a framework agreement with China Telecom under which China Telecom will buy CDMA business and CDMA network from China Unicom Group. The merger is expected to be completed in October this year after the shareholders' conferences in September if everything went ahead smoothly, Tong said. The merged group, possibly bearing the name of China Unicom, will have an enlarged capital of 23.76 billion shares, worth a total of 439.17 billion yuan (63.28 billion U.S. dollars). It is expected to be a provider of integrated services including mobile and fixed-line telecommunications, broadband, data and value-added services. "The merger is in line with the trend of convergence of fixed- line and mobile networks, and is expected to enable the merged group to set clear strategy," Chang said, referring to the direction for the company to pursue 3G strength. China Unicom, currently one of the telecommunications giants in the Chinese mainland, is a far second to the largest mobile carrier China Mobile, while China Netcom is a provider of fixed line telecommunications and broadband services. The merger was currently between the Hong Kong-listed China Unicom Limited and the China Netcom Group Corporation (Hong Kong) Limited, but not a merger between their mother companies, Chang told a press conference held in Hong Kong. China Netcom will cease to exist as a listed firm after the merger, subject to approval from the shareholders at the company's annual conference, which is expected in September, said Zuo Xunsheng, chairman and chief executive officer of China Netcom. Shares of both companies will resume trading on Hong Kong exchange on Tuesday. The merger was part of a major regrouping in the Chinese telecom industry aimed at more competition by forming three providers of integrated services after regrouping. State authorities issued an announcement on May 24, saying that they "encouraged" a regrouping of the telecom corporations to form three providers of integrated services to increase market competition. China Mobile has recently announced a proposal to buy fixed-line operator China Tietong, or Railway Telecommunications. At a separate press conference in Hong Kong on Monday, the HongKong listed China Telecom announced that it has reached an agreement to buy the CDMA services of China Unicom, thus making it one of the three integrated services providers, too. China Unicom also announced at the conference that it will sell its CDMA services at 43.8 billion yuan (6.31 billion U.S. dollars)and that its mother firm China Unicom Group will sell its CDMA network at 66.2 billion yuan (9.54 billion U.S. dollars) to China Telecommunications Corporation, the mother firm of China Telecom. Speaking at a separate press conference in Hong Kong, Wang Xiaochu, chairman and chief executive officer of China Telecom, said that the deal is expected to be completed in October, subject to shareholder approval at annual conferences in September. China Telecom will pay for the transaction in cash, Wang said, adding that he expected the CDMA part to contribute net profit as early as 2012, although the deal could impact the earnings record of the company in short term. The regrouping will result in three separate providers of integrated services, with most of the analysts saying that they expected China Unicom to benefit the most from the regrouping whereas the strength of China Mobile could be reduced. Others, however, said they expected China Mobile to remain the giant among the giants and retain most of its power in the mainland telecom industry. Chang, head of China Unicom, also warned against "over optimism" about the increased strength of the merged company, saying it required long-term effort.
BEIJING, Oct. 4 (Xinhua) -- The ongoing global financial turbulence will have a limited impact on China's banks and financial system in the short run, according to officials and experts. "We feel China's financial system and its banks are, to the chaos developed in the U.S. and other parts of the world, relatively shielded from those problems," said senior economist Louis Kuijs at the World Bank Beijing Office. He told Xinhua one reason was that Chinese banks were less involved in the highly sophisticated financial transactions and products. "They were lucky not to be so-called developed, because this (financial crisis) is very much a developed market crisis." Farmers harvest rice in 850 farm in Northeast China's Heilongjiang Province on Sept. 26, 2008. A few Chinese lenders were subject to losses from investing in foreign assets involved in the Wall Street crisis, but the scope and scale were small and the banks had been prepared for possible risks, Liu Fushou, deputy director of the Banking Supervision Department I of the China Banking Regulatory Commission, told China Central Television (CCTV). Chinese banks had only invested 3.7 percent of their total wealth in overseas assets that were prone to international tumult, CCTV reported. The ratio of provisions to possible losses had exceeded 110 percent at large, state owned listed lenders, 120 percent at joint stock commercial banks and 200 percent at foreign banks. Kuijs noted most of the banks resided in China where capital control made it more difficult to move money in and out. Besides, the country's large foreign reserves prevented the financial system from a lack of liquidity, which was troubling the strained international markets. "At times like this, one cannot rule out anything," he said. "But still we believe the economic development and economic fundamentals in China are such that it's not easy to foresee a significant direct impact on the financial system." However, he expected an impact on China's banks coming via the country's real economy, as exports, investment and plans of companies would be affected by the troubled world economy and in turn increase pressure on bad loans. Wang Xiaoguang, a Beijing-based macro-economist, said the growing risks on global markets would render a negative effect on China in the short term but provided an opportunity for the country to fuel its growth more on domestic demand than on external needs. He urged while China, the world's fastest expanding economy, should be more cautious of fully opening up its capital account, the government should continue its market reforms on the domestic financial industry without being intimidated. Chinese banks had strengthened the management of their investments in overseas liquid assets and taken a more prudent strategy in foreign currency-denominated investment products since the U.S.-born financial crisis broke out, CCTV reported.
MIANYANG, Sichuan, 23 (Xinhua) -- Premier Wen Jiabao continued his second trip around the quake disaster zone on Friday, visiting surviving students in Mianyang, one of the worst-hit cities in the May 12 quake. In a tent school, where more than 500 students from the destroyed Beichuan Middle School were studying, Wen encouraged them to study harder following the calamity. "Let us not forget the earthquake," he told the students in a tender voice. "Then you will know what life is all about -- it is bumpy, as the roads are." "Today, people save us and take good care of us. In the future, we will help them in return," the premier added. "Trials and tribulations serve only to revitalize the nation," he wrote on the blackboard to encourage them. Chinese Premier Wen Jiabao (C) salutes with the students to pay tribute to the quake victims during his visit to the makeshift tent school at Jiuzhou Stadium in Mianyang City, southwest China's Sichuan Province, May 23, 2008. Wen Jiabao went to the temporary schoolhouse of Beichuan Middle School and the makeshift tent school established at Jiuzhou Stadium in Mianyang on Friday to visit teachers and students who survived the May 12 earthquake. The students, many of whose 1,300 schoolmates and teachers were killed or missing, resumed classes on Monday. Wen also visited tent schools near the Jiuzhou Indoor Stadium in downtown Mianyang. There, he put on a red scarf and joined primary school students to salute the quake dead. During his visit on Friday, the premier underlined that providing shelters for the quake victims and preventing infectious diseases and secondary disasters are the priorities of the current relief work. His first trip to the region was just hours after the mid-afternoon earthquake jolted Sichuan.
来源:资阳报