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CHENGDU, May 28 (Xinhua) -- Chinese Vice Premier Hui Liangyu called on Thursday Asian and European countries to improve their disaster prevention and relief abilities through cooperation and sharing of information. Hui made the remark at an Asia-Europe workshop on cooperation and capacity building in disaster prevention and relief, held in Chengdu, capital of southwest Sichuan Province. Hui said natural disasters are common challenges facing the whole mankind, and cooperation between Asian and European countries in disaster relief not only has an important bearing on the economic development and livelihood of the people, but also on the sustainable development of the mankind. "Asian and European countries should further enhance exchange and cooperation in monitoring and forecast of disasters, as well as emergency response and relief efforts," said Hui, who also suggested building of a cooperation mechanism and information sharing, that would serve the improvement of disaster prevention and relief abilities of all countries. China had frequent natural disasters and would share its experience in coping with disasters with other countries, Hui said. He said China would continue to provide support and aid within its ability to the capacity building in disaster relief for other developing countries. On the country's disaster prevention and relief capacity building, Hui said, China would further improve its monitoring of natural disasters and emergency rescue system, raise anti-disaster standards for buildings and increase public awareness of disasters and push for international cooperation in disaster relief. The vice premier expressed China's appreciation for international help and support to the country's disaster relief and quake relief after the 8.0-magnitude earthquake that struck Wenchuan of Sichuan on May 12, 2008.
BEIJING, June 2 (Xinhua) -- The China Investment Corporation (CIC), the country's sovereign wealth fund, announced Tuesday that it decided to buy 1.2 billion U.S. dollar common stocks in Morgan Stanley's 2.2-billion-U.S.-dollar common stock offering. Morgan Stanley announced Tuesday it had priced a public offering of common equity of 2.2 billion U.S. dollars. The proceeds are intended to fully redeem the preferred capital of the Troubled Asset Relief Program (TARP) before the end of June. The TARP is a program of the United States government to purchase assets and equity from financial institutions in order to strengthen its financial sector. It is the largest component of the U.S. government's measures in 2008 to address the subprime mortgage crisis. Morgan Stanley notified the CIC of the offering in light of its healthy business relationship with CIC and the preemptive rights CIC holds. CIC plans to participate in this offering, according toa notice on its Web site. CIC was optimistic in Morgan Stanley's future development as "Morgan Stanley is widely expected to be able to leverage on its strengthened financial position and will be on the road of resuming its successful trajectory amid the dramatic restructuring of the international financial services industry". On December 19, 2007, CIC purchased 5.6 billion U.S. dollars mandatory convertible securities into Morgan Stanley common stock, representing approximately 9.86 percent equity ownership in Morgan Stanley. However, after Mitsubishi UFJ Financial Group, Inc.'s investment in Morgan Stanley in October 2008, CIC's equity ownership was diluted to approximately 7.68 percent. This new purchase would bring CIC's equity ownership in Morgan Stanley back to approximately 9.86 percent, effectively reducing CIC's overall cost basis and increasing the returns potential, said CIC. According to a statement posted on Morgan Stanley Web site Tuesday, it has priced a public offering of approximately 80.2 million shares of common stock to the public at 27.44 dollars per share. CIC has agreed to purchase 44.7 million shares of common stock at the public offering price while the Mitsubishi UFJ Financial Group, Inc. has agreed to buy 16 million shares, the Morgan Stanley statement said.
BEIJING, May 31 (Xinhua) -- Chinese President Hu Jintao visited two primary schools in Beijing Sunday, joining children in language classes, games and kite painting, and wishing them a healthy and bright future. Hu made the visits on the eve of the annual International Children's Day, which falls on Monday and will be celebrated by about 250 million children under the age of 14 across the country. Hu first went to Jushan Primary School, where 90 percent of some 700 students are children of migrant workers from outside the Chinese capital. Chinese President Hu Jintao (C) stays with Chinese and foreign children at Fangcaodi International School in the Chaoyang District of Beijing, capital of China, May 31, 2009, one day ahead of the International Children's DayThe boarding school is seen as a model of equal and quality teaching for migrant children. Hu joined first grade children, who were learning Chinese idioms such as "When you drink water, think of its source." Satisfied with their understanding, Hu told them to learn to be grateful for what they enjoyed and to study hard. During a handcraft session, the president was shown works made from recycled materials and paper. He happily joined several students in finishing a mosaic map of China, using pieces of egg shell. "This is a good idea to use recycled materials to make handcrafts. I hope you become more aware of saving natural resources and environmental protection," Hu told the excited kids. Chinese President Hu Jintao (3rd R) is present at a class at Fangcaodi International School in the Chaoyang District of Beijing, capital of China, May 31, 2009, one day ahead of the International Children's DayOn the school's playground, the president's skill at kicking shuttlecock, a popular game among Chinese, won him applause. He stressed children of rural migrant workers in cities should enjoy same rights to standard education so they can grow up equally healthy and happy as the children of urban residents. During a visit to the Fangcaodi Primary School, an international school, Hu's attention was attracted by a group of first grade foreign students who were speaking fluent Chinese. The smiling president listened them saying their names, ages and their home countries. He also acted as a teacher, discussing the differences between lemons and oranges. Chinese President Hu Jintao (C) visits Chinese and foreign children at Fangcaodi International School in the Chaoyang District of Beijing, capital of China, May 31, 2009, one day ahead of the International Children's Day.Hu joined the children painting kites and doing makeup of traditional Peking opera. He also taught kids to make dumplings, atypical Chinese food. Established in 1956, the school has more than 4,000 foreign students from more than 150 countries and regions. Many are children of foreign diplomats, experts and business people living in Beijing. Before leaving, Hu told Chinese and foreign students to help each other and to make progress together for a better world. Other senior Chinese officials also took part in activities on Sunday to celebrate Children's Day. Chinese President Hu Jintao (C) watches a performance by pupils at Jushan Primary School in the Haidian District of Beijing, capital of China, May 31, 2009, one day ahead of the International Children's Day. Li Changchun, a member of the Standing Committee of the Communist Party of China Central Committee Political Bureau, attended an evening gala in Beijing that featured songs, dance, martial arts and acrobatic performances by young artists. Chen Zhili, vice-chairwoman of the National People's Congress Standing Committee, China's top legislature, was invited to a national singing performance in Beijing. Almost 1 million children will join activities in the next four months to sing patriotic songs that will be recorded and broadcast by China National Radio. In a separate gathering in Beijing, Chen praised a charity program to aid girls who had dropped out of school because of poverty. Chinese President Hu Jintao (3rd R Back) poses for a photo with pupils at Jushan Primary School in the Haidian District of Beijing, capital of China, May 31, 2009, one day ahead of the International Children's Day.In 1989, the Children's Foundation of China, the All-China Women's Federation, the Ministry of Agriculture and the State Nationalities Affairs Commission, jointly launched the "Spring Bud Program" to pool donations from across the country to help millions of young girls who are forced to drop out of school. The program has helped an estimated 1.7 million girls, mainly of primary and junior middle school levels, return to school in the past two decades. Chen, who also chairs the All-China Women's Federation, told the meeting that the program plans to help poor female students to finish high school, as well as to provide technical training.Li Changchun (C), a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee meets with children after attending an evening gala in Beijing that featured songs, dance, martial arts and acrobatic performances by young artists in Beijing, China, May 31, 2009.
ROME, July 2 (Xinhua) -- Chinese President Hu Jintao's forthcoming visit to Italy ahead of the G8 summit paves the way for stronger bilateral ties, an Italian expert told Xinhua in an interview. Luca La Bella, a China analyst with Rome's International Studies Center, said that in the past decades, political, economic and cultural relations between Italy and China have improved. "Chinese President Hu Jintao's visit to Italy will reinforce this strategic collaboration," he said. Hu will attend a meeting between the leaders of the Group of Eight (G8) and emerging economies from July 8 to 10 in L'Aquila. Before the G8 summit, he will pay a state visit to Italy from July 5 to 8 at the invitation of Italian President Giorgio Napolitano. After the G8 meeting, the Chinese leader will visit Portugal from July 10 to 11. China-Italy ties have maintained a sound momentum of rapid development, especially since 2004, when the two countries forged the first all-round strategic partnership to boost political and economic cooperation, La Bella said. "The Italian Culture Year in China of 2006 was very successful," La Bella said. "Institutional exchange and business ties have increased. Reciprocal awareness of each other's culture and history is now greater." The Italian firms in China enjoy Chinese government's support, the expert said, "Trade exchanges have increased. Italy imports from China technological goods, and exports Italian fashions and brands to China." The two presidents will surely discuss in their meeting the upcoming Chinese Year of Culture in Italy, scheduled for 2010. It will be China's turn this time to be culturally, economically and politically present in Italy, La Bella said. Numerous events are planned for the Chinese Year in Italy, which marks celebrations of the 40th anniversary of diplomatic relations between the two countries. It will be an opportunity for high level political, economic and cultural exchanges between Chinese and Italian leaders and industry representatives. According to La Bella, fostering bilateral ties with China is of crucial importance to Italy. China and Italy are well-tuned politically as well, he added. "Italy pursues the one-China policy and is a front runner in lifting the arms embargo against China," he said.