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HONG KONG, May 2 (Xinhua) -- Hong Kong's leading charity donor, the Hong Kong Jockey Club, said Sunday it had donated another 16.3 million HK dollars (2.1 million U.S. dollars) for earthquake-hit area in northwestern China's Qinghai province to help disaster relief work.Together with the emergency donation of 2 million HK dollars made earlier, the Jockey Club contributed over 18.3 million HK dollars to support relief work for victims of the 7.1-magnitude earthquake, which hit the Tibetan Autonomous Prefecture of Yushu in Qinghai on April 14.In a press release, the Jockey club said it achieved a net operating surplus of 15.36 million HK dollars on April 21 at the Happy Valley race meeting. All money had been passed to the Chinese Ministry of Civil Affairs for earthquake relief work.Chairman of the Jockey club, John C C Chan, said horse racing in Hong Kong not only is a form of entertainment, but is also a charitable undertaking which serves the people of Hong Kong and has a far-reaching significance to the community."We felt that by going ahead with our race meeting on April 21 and donating the net operating surplus to help Qinghai earthquake victims, we would be able to give strong support to the relief efforts at the same time as maintaining a stable contribution to the public purse," he said.In addition, the Jockey Club launched a public fund-raising drive between April 21 and 25. This likewise attracted a huge response, raising a total of 943,284 HK dollars, according to the statement.Chan said he hoped the earthquake victims could overcome their hard times soon and be able to rebuild their homeland with blessings and support from all over the country.Following the Yushu earthquake, the HK Jockey Club made an immediate donation of 2 million HK dollars to support relief work in the stricken area, passing the donation to the Red Cross Society of China via the Liaison Office of the Central People's Government in Hong Kong.The Yushu earthquake killed at least 2,200 people and left more than 100,000 homeless.Founded in 1884, the HK Jockey Club has become one of Hong Kong 's best known organizations, providing sporting entertainment as well as being the city's major non-government community benefactor. Now it donates more than 1 billion HK dollars a year to charitable and community projects. (one U.S. dollar equals to 7.755 HK dollars)
WASHINGTON, April 22 (Xinhua) -- The U.S. Commerce Department said on Thursday that it has set preliminary antidumping duties ( AD) on imports of certain seamless pipe from China, a move that might escalate trade disputes between the two countries.The department said it "preliminarily determined that Chinese producers/exporters have sold seamless pipe in the United States at 32.39 to 98.37 percent less than fair value."As a result of this preliminary determination, Commerce will instruct U.S. Customs and Border Protection to collect a cash deposit or bond based on these preliminary rates.The products covered by this investigation are suitable for the conveyance of water, steam, petrochemicals, oil products, natural gas, and other liquids and gasses in industrial piping systems.Imports of certain seamless pipe from China were valued at an estimated 182.3 million U.S. dollars in 2009, according to the U.S. Commerce Department.Commerce said that it is currently scheduled to make its final determination in September 2010.If Commerce makes an affirmative final determination, and the U. S. International Trade Commission makes an affirmative final determination that imports of certain seamless pipe salts from China materially injures, or threaten material injury to, the domestic industry, Commerce will issue an antidumping duty order.The new case followed the Commerce Department's initiation of antidumping (AD) and countervailing (CVD) duty investigation on Chinese aluminum extrusions on Wednesday.The protectionist moves by the Obama administration will ultimately hurt the U.S.-China trade relations, which are becoming more and more important due to the global financial crisis, economists warned.The onset of the global recession appears to have set off an increase in trade disputes around the world.Globally, new requests for protection from imports in the first half of 2009 are up 18.5 percent over the first half of 2008, according to the World Bank-sponsored Global Anti-dumping Database organized by Chad P. Bown, a Brandeis University economics professor.That increase follows a 44 percent increase in new investigations in 2008. And China has become the main target of the rising protectionism.

NEW YORK, April 26 (Xinhua) -- Jean-Claude Trichet, the president of the European Central Bank, called in New York on Monday for strengthening global governance amid the economic recovery process.The crisis showed that gaps in the system of global governance, in terms of both efficiency and legitimacy, have to be filled, Trichet said in a keynote speech at the Council on Foreign Relations in New York.Global governance in the financial sphere has fared during the crisis, he pointed out. "One dimension of international cooperation that I consider to have worked particularly well during the financial crisis has been that among central banks, both bilaterally and channeled through the various Basel-based committees.""But as much as some aspects of global governance appear to have passed the severe test of the global crisis, we should remember the significant shortcomings that may have contributed to creating the conditions for the crisis to happen in the first place," he added."One is the lack of coordination in financial regulation that was pervasive before the crisis and which encouraged financial institutions to engage in a large degree of regulatory arbitrage. This was the unavoidable result of the fact that while financial players were becoming increasingly global, and despite the remarkable efforts of the Basel Committee in respect of the banking sector, financial regulation remained largely national, with only relatively weak coordination at the international level, " said the president.
BEIJING, April 1 (Xinhua) -- Chinese State Councilor Dai Bingguo met here Thursday with Saeed Jalili, the visiting Iranian chief nuclear negotiator and Secretary of Supreme National Security Council.Dai and Jalili had frank and in-depth exchanges on China-Iran relations and issues of mutual concern.Also on Thursday, Chinese Foreign Minister Yang Jiechi held talks with Jalili. Yang stated China's stance and opinion of the Iran nuclear issue and urged relevant parties to step up diplomatic efforts and show flexibility to create conditions for a resolution based on dialogue and negotiations.On the same day, Chinese Foreign Ministry spokesman Qin Gang reiterated at a regular news briefing that China would continue to work for a peaceful solution to the Iran nuclear issue, maintaining there is still room for diplomatic efforts on the nuclear issue."China expresses its serious concern about the Iran nuclear issue situation. China is in close contact with relevant parties and is striving for a proper settlement of the issue through diplomatic means," said Qin.
TASHKENT, April 24 (Xinhua) -- Uzbek President Islam Karimov and visiting Chinese State Councilor Meng Jianzhu both have pledged to deepen the mutually beneficial cooperation between their countries. Uzbekistan wishes to further deepen its mutuallu beneficial cooperation with China on politics, economy, trade and security, which will benefit the two countries and the two peoples, Karimov said Friday during a meeting with Meng.China-Uzbekistan relations developed smoothly in 2009, said Meng, who also attended the fifth session of the Shanghai Cooperation Organization (SCO) Security Council Secretaries in Tashkent.Leaders of the two countries have kept close contacts, which is a strong driving force for the development of bilateral ties, Meng said.The two countries have expanded their pragmatic cooperation in various fields and conducted effective cooperation on international and regional issues, he said.China values its traditional friendship with Uzbekistan and wishes to promote the friendly and cooperative partnership between the two countries. The partnership complies with the fundamental interests of the two countries and it is conducive to maintaining regional peace and stability, Meng said.During his visit, Meng also held talks with Uzbek Interior Minister Bahodir Matlubov and Chief of Security Rustam Inayatov.The two sides held an extensive and in-depth exchange of views on exchanges of law enforcement agencies and the promotion of law enforcement cooperation between the two countries.
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