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BEIJING, Sept. 20 (Xinhua) -- China's major state-owned enterprises (SOEs) under the supervision of the central government reported a 30-percent fall in net profit last year, the country's state assets supervisor said over the weekend. A total of 141 SOEs under the supervision of the State-owned Assets Supervision and Administration Commission of the State Council reported a net profit of 696.18 billion yuan (101.96 billion U.S. dollars) last year, down 30.8 percent from a year ago, the commission said in an online statement. Yet, total assets of the 141 SOEs rose for the fifth consecutive year since 2004. Assets of the 141 state firms were worth 5.56 trillion yuan at the end of 2008, up 8.6 percent from the previous year. Net profit of centrally administered SOEs had been rising for four years in a row from 2004 to 2007, but it fell last year as the global financial crisis struck. The commission said 83 out of the total 141 were able to report a year-on-year growth in net profit last year. These 141 SOEs also turned in taxes worth 1.04 trillion yuan last year, up 18.6 percent from a year ago. The total assets of centrally administered SOEs were augmented by 2.6 trillion yuan in the past five years, or at an annualized average of 13.7 percent from 2004 to 2008.
BEIJING, Aug. 17 (Xinhua) -- State-run companies in China should stick to the leadership of the Communist Party of China (CPC), Vice President Xi Jinping said Monday. Xi made the remarks at a meeting held here to promote Party building in China's state-run enterprises. Party building lay at the core of the competitiveness of state-run enterprises, Xi said, adding that "the CPC's leadership over the enterprises should be upheld unswervingly... in order to help enterprises retain scientific development". Li Yuanchao, head of the Organization Department of the CPC Central Committee, said at the meeting that bosses of the state-run companies headquartered in Beijing should increase the Party organs' involvement in the companies' decision-making process. Party organs should participate in the process of the state-run companies' major decisions made by the companies' board meeting to ensure that they could play supervising functions, Li said. Meanwhile, He Yong, deputy secretary of CPC Central Commission for Discipline Inspection (CCDI), urged the bosses of the country's state-run companies to be cleanhanded. Restrictions and supervision over power should be intensified for the main leaders of the companies, He said, adding that the anti-corruption effort inside the state-run companies was an important part of the mechanism's construction. The state-run companies' bosses should also enhance their discipline education and loyalty to the Party, the official said. The anti-corruption effort in the state-run companies came after former chairman of Sinopec Chen Tonghai was sentenced to death last month with a two-year reprieve for taking huge bribes. Chen took about 195.73 million yuan (28.66 million U.S. dollars) in bribes from 1999 to June 2007 by taking advantage of his positions in Sinopec, one of the country's major oil refiners. Also present at Monday's meeting was Vice Premier Zhang Dejiang, who stressed that the top priority of state-run enterprises at the moment was to maintain steady and relatively fast development.
BRUSSELS, Oct. 8 (Xinhua) -- Chinese Vice President Xi Jinping met Thursday with European Commission President Jose Manuel Barroso on bilateral ties, vowing to enhance cooperation between the two sides. Xi, who congratulated Barroso for his reelection, said China appreciated his efforts in the past five years on boosting development of the comprehensive and strategic partnership between China and the European Union. China believes, too, that the bilateral ties would advance further in a healthy and stable way within the new term of Barroso, Xi said. Xi said China and the EU, who have formed a pattern of comprehensive, wide-range and multilevel cooperation, have become two important forces to help shape the future international structure into a multipolar world. Xi put forward a three-point proposal to further strengthen bilateral relations between China and the EU. Chinese Vice President Xi Jinping (R) shakes hands with European Commission President Jose Manuel Barroso during their meeting in Brussels, capital of Belgium, Oct. 8, 2009. First, to firmly stick to the strategic direction of their bilateral ties. Xi said that to promote the growth of China and the EU's comprehensive and strategic partnership accords with the common interests of both sides and is a right choice benefiting the peoples of China and the EU and the international community as a whole. Second, to always adhere to the belief of mutual benefit and win-win cooperation. The two sides should mull over tangible ways to properly handle disagreements, to foster new cooperation and to firmly stem the torrent of trade and investment protectionism, Xi said. Third, to always adhere to the principle of equality and mutualtrust. The Sino-EU relations will remove various obstacles and make progress as long as both sides stick to the principle of "mutual respect and mutual trust, consultation on an equal footing, and seeking common ground while shelving differences," Xi said. It will also be important to bear in mind the overall interests of bilateral relations and respect each other's major concerns, Xi said. China is ready to work with the EU to build Sino-EU relations into a model of peaceful coexistence and friendly exchanges between countries that transcend civilizations, social systems and development models, Xi said. Barroso offered congratulations on the success of China's impressive National Day celebrations on October 1, speaking highly of the great achievements of China in the last 60 years. Sino-EU relations have seen remarkable achievements, he said, adding that the past five years have witnessed frequent top-level exchanges, fruitful personnel and cultural exchanges, and rapid development of economic and trade cooperation. China and the EU have seen increasing common ground on global issues, including the international financial crisis and climate change, and both sides oppose protectionism and champion a just international order, Barroso said. In the next five years, the EU will continue developing and promoting the EU and China's comprehensive and strategic partnership and strive to handle disagreements in a mature and responsible spirit so as to further develop bilateral ties, he said. Barroso also wished the forthcoming Europalia Chinese Art Festival a great success. Xi arrived here Wednesday for an official visit to Belgium, the first leg of his five-nation European tour. He will also visit Germany, Bulgaria, Hungary and Romania.
BEIJING, Sept. 20 (Xinhua) -- Chinese President Hu Jintao has urged the Chinese People's Political Consultative Conference (CPPCC) to "continue carrying out its functions of political consultation, democratic supervision, and participation and raising proposals in governance, in a practical and effective way." The CPPCC should make new contribution to boosting the Reform, Opening-up and Socialist Modernization Drive and the great cause of a peaceful reunification of the Nation, and safeguarding world peace and promoting a common development, said Hu, also general secretary of the Communist Party of China (CPC) Central Committee, at Sunday's gathering here to mark the 60th founding anniversary of the country's political advisory body. Other Party and State leaders present at the commemorative event were Wu Bangguo, Wen Jiabao, Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang, and Zhou Yongkang. The gathering was presided over by Jia Qinglin, chairman of the CPPCC National Committee and member of the Standing Committee of the CPC Central Committee Political Bureau. In his key-note speech, Hu described the CPPCC as a patriotic United Front of the Chinese people, a major institution of the multiparty cooperation and political consultation under the leadership of the CPC, and a main form to display socialist democracy in the country's political life. Representatives from various fields join a meeting to celebrate the 60th anniversary of the founding of Chinese People's Political Consultative Conference (CPPCC), the country's top political advisory body, in Beijing, China, on Sept. 20, 2009.The CPPCC has had an uncommon experience and great achievements in the past 60 years as it has grown up along with the People's Republic, Hu said. In September 1949, the first plenary conference of the CPPCC was held in Beijing, and it adopted the Common Guidelines of the CPPCC, which served as a temporary Constitution for the People's Republic, elected the CPPCC National Committee and the Central People's Government of the People's Republic of China (PRC). Hu emphasized that over the past 60 years, the three-generation CPC leaderships, with Mao Zedong, Deng Xiaoping and Jiang Zemin as the core, respectively, have always given top priority and active support to the work of the CPPCC. He urged the CPPCC to continue taking a political road of development with Chinese characteristics, making the promotion of the Scientific Concept on Development as its primary job, playing an important role in boosting a harmonious society, making contribution to pushing forward the great cause of a peaceful reunification of the Nation, and stepping up the self-building of its own. To bring into full play of the CPPCC's role in the country's political life "is of great significance to improving the Party's governing capacity and consolidating the Party's ruling status," said Hu, Jia, who also addressed the gathering, spoke highly of Hu's speech, noting that it is of guiding importance for bringing into full of the CPPCC's advantages under the new situation.Top Communist Party of China (CPC) and state leaders Hu Jintao (C, 1st row), Wu Bangguo (4th R, 1st row), Wen Jiabao (4th L, 1st row), Jia Qinglin (3rd R, 1st row), Li Changchun (3rd L, 1st row), Xi Jinping (2nd R, 1st row), Li Keqiang (2nd L, 1st row), He Guoqiang (1st R, 1st row) and Zhou Yongkang (1st L, 1st row) attend a meeting to celebrate the 60th anniversary of the founding of Chinese People's Political Consultative Conference (CPPCC), the country's top political advisory body, in Beijing, China, on Sept. 20, 2009.
MOSCOW, July 30 (Xinhua) -- Chinese merchants will be allowed to retrieve their goods in a closed Moscow market, the head of a Chinese coordination group said on Thursday. A Chinese coordination group on Thursday discussed with Moscow's consumer department the clearing up of Chinese merchants' stalls in the Cherkizovsky market as well as the transferring of their goods. The Russian side agreed to take further steps to safeguard the market's order and to work with the Chinese side to crack down on the illegal activities, said Cai Guiru, head of the temporary Chinese coordination group and chairperson of the Chinese Chamber of Commerce in Russia. It is agreed that Chinese merchants will be allowed to clean up their stalls and ship out their merchandise during a specific period of time every day, Cai said. The Russian side took "sincere and earnest" attitudes towards the handling of the market closure, in the hope that most of the Chinese merchants will be able to retrieve their goods safely, she said. This meeting is helpful and the Russian side heard positive opinions from Chinese vendors, said Georgy Smoleyevcky, first deputy head of the Moscow Consumer Market and Services Department. The Russian side will make conclusions accordingly and give instructions to relevant departments, he said, expressing the hope that complaints from Chinese traders will be less and less in future. The official also dismissed the speculation that a Chinese shopping mall will be built in the place of the closed Cherkizovsky, Russia's biggest wholesale market. The coordination group, formed under the auspices of the Chinese embassy in Russia in July, involves heads of China's provincial chambers of commerce. Russian police abruptly shut down the nearly 300-hectare market in northeastern Moscow on June 29, after the disclosure of various illegal and irregular operations in the market by the Russian Federal Supervision Service for Consumer Rights Protection and People Welfare. A Chinese senior delegation, led by Vice Minister of Commerce Gao Hucheng, reached broad consensus with the Russian side on the closure issue.