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BEIJING, July 4 (Xinhua) -- China did not lose its advantages in foreign trade despite global downturn and could retain foreign trade level above the global average once global economy recovered, a senior Chinese official said Saturday. Yi Xiaozhun, vice commerce minister, was speaking at the Global Think Tank Summit that ended Saturday in Beijing. Though China's foreign trade would not rise sharply as it did in the past few years, the country did not lose its foreign trade advantages thanks to policies to stimulate domestic demands, Yi said. He said China had been diversifying foreign trade and reported increased trade with countries in Africa, Middle East, middle Asia and Latin America. Yi also called for halt on protectionism, saying that protectionism had been picking up and about 40 percent of anti-dumping cases and 70 percent of anti-subsidy cases targeted China. He called for pushing forward the Doha round negotiation, which he believed was key in fighting against protectionism.
BEIJING, May 28 (Xinhua) -- Zhang Xuanqi got up Thursday morning and fastened a small hand-made scent bag on his shirt. This kind of adornment has been a must for him on this special day every year since his childhood. "Inside the bag is cinnabar that can keep away evils," said Zhang, a middle school student in Quwo County, Shanxi Province. Local people take part in the dragon boat race to mark the Duanwu Festival, also known as the Dragon Boat Festival, in Chengdu, southwest China's Sichuan Province, May 28, 2009. The Duanwu Festival falls on May 5 of Chinese lunar calendar. This year's Duanwu festival falls on Thursday.It is generally believed that the Duanwu Festival is marked to remember to Qu Yuan, one of the greatest ancient Chinese poets who drowned himself in the Miluo river to protest the corrupt court.As Chinese celebrated the Dragon Boat Festival, or Duanwu, which fell on Thursday this year, folk customs for this event have been reviving among both the old and young in this fast developing country. To wear small bags, usually with cinnabar, medicinal herbs or aromatic materials inside, is one of the traditions. The festival is for people to remember Qu Yuan, a patriotic poet more than 2,000 years ago, who, according to legend, drowned himself in the Miluo River in Hunan Province to protest the then corrupt kingdom. Residents take part in a Zongzi making competition in Zhoushan, east China's Zhejiang Province, May 28, 2009, to celebrate the Chinese traditional Duanwu Festival, also known as the Dragon Boat FestivalPeople also eat glutinous rice dumplings wrapped in bamboo leaves, or called zongzi, to observe the festival. Legend has it that people drop zongzi into the water to feed Qu Yuan's spirit. Others say that they are meant to keep fish from feeding on Qu's body. VARIOUS ACTIVITIES On Thursday, dragon boat races were organized in many places across the country. To mark the event, the 2009 National Dragon Boat Month and the Fourth China International Dragon Boat Tournament kicked off on the Miluo River. Ten domestic teams and an American team joined the competition. Chinese folk artists perform lion dance to mark the Duanwu Festival, also known as the Dragon Boat Festival, in Baoshan, east China's Shanghai Municipality, May 28, 2009."Our fishermen members have been making use of the fishing ban period from late January to September to have dragon boat race training," said Jin Fangming, coach for the team from eastern Jiangsu Province. In southern Guangdong Province, 68-year-old farmer Yao Songjie in Yangqi Village joined a boat race with dozens of other participants . "This is an activity we farmers love most," he said before the race began. Chinese folk artists perform for local residents to mark the Duanwu Festival, also known as the Dragon Boat Festival, in Taiyuan, capital city of north China's Shanxi Province, May 28, 2009. The Duanwu Festival falls on May 5 of Chinese lunar calendar. This year's Duanwu festival falls on Thursday.It is generally believed that the Duanwu Festival is marked to remember to Qu Yuan, one of the greatest ancient Chinese poets who drowned himself in the Miluo river to protest the corrupt court.
BEIJING, June 21 (Xinhua) -- A central government official has urged government complaints-receiving offices at all levels to work hard to contribute to China's reform, development and social stability. Ma Kai, state councilor and secretary-general of the State Council, made the call during his recent research tour in Anshan and Shenyang of northeast China's Liaoning Province. A main purpose of this trip is to look into grass-roots efforts to respond to public complaints. During this trip, he paid a visit to the family of Pan Zuoliang, a role model in the complaints-receiving bureau in Liaozhong County, Shenyang. Pan died on duty of cerebral hemorrhage last May. He was praised by the central authorities as a model official in dealing with public complaints. He also visited urban communities, industrial enterprises and complaints-receiving offices. Ma said the Central Committee of the Communist Party of China (CPC) and the State Council have always attached great importance to the work of dealing with people's complaints. Since the 16th Party Congress, in 2002, when Hu Jintao took office as the General Secretary of the CPC Central Committee, the Party Central Committee has adopted a series of important resolutions and arrangements to improve the work, the official said. He urged the complaints-receiving officials to safeguard the legal rights and interests of the people and actively solve matters that may cause instability so as to create a sound social environment for the celebrations of the 60th founding anniversary of New China, or the People's Republic of China (PRC).
BEIJING, July 10 (Xinhua) -- China's Ministry of Finance (MOF) announced Friday that it will launch two more batches of electronic savings bonds of up to 50 billion yuan (7.32 billion U.S. dollars) since next week. According to the ministry, one batch of the e-savings bonds of 40 billion yuan has a term of three years, with a fixed annual interest rate of 3.73 percent. The other, the five-year e-savings bonds, is worth 10 billion yuan at a fixed annual interest rate of four percent. The two bonds will be issued from July 15 to 31, with interests to be calculated from July 15 and paid annually, said the ministry in a statement on its website. These bonds are open to only individual investors, the MOF said. Compared with other types of bonds, the e-savings bond is seen as more convenient for investors. For example, the interest can bepaid through direct deposit into the investor's account. This is the second time the ministry launches this kind of bond this year, with the first issuance of two batches of e-savings bonds in April. The ministry also said it would issue two batches of book-entry treasury bonds next week with a face value of 12.48 billion yuan and 12.65 billion yuan each. One with the face value of 12.48 billion yuan has a term of 91 days, and the issue price, set by competitive bidding, was 99.72 yuan for a face value of 100 yuan. In this sense, the annual yield will be 1.15 percent, the ministry said. The other has a term of 273 days, and the issue price was set at 99.077 yuan for 100 yuan, with an annual yield of 1.25 percent. The ministry said the book-entry T-bonds will be sold from July 13 to July 15. Trading of the bonds will begin July 17.