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VIENNA, May 19 (Xinhua) -- Chinese Minister of Commerce Chen Deming stressed Wednesday that, especially under the current“financial crisis, the exchange rate stability is the most important, which is not only a national responsibility, but also a responsibility for the world economic recovery."At a press conference jointly held with Reinhold Mittelehner, the Austrian Minister of Economic Affairs, and Christoph Leitl, president of the Austrian Chamber of Commerce, Chen said China will continue to maintain the stability of the Chinese yuan exchange rate to ensure economic stability.He believed that the exchange rate has an impact on national trade, but it is not the decisive factor. National trade would be more affected by such other factors as economic structure, resource allocation, as well as the stage of technology and development.He also stressed that the exchange rate is a sovereign issue of each country, which should be set by each country according to its own situation.The Chinese trade and investment promotion mission with over 80 Chinese enterprises, which is led by Chen, participated in the economic forum held by the Austrian Chamber of Commerce, discussing with about 100 major Austrian enterprises and signing a series of economic cooperation agreements.

BEIJING, June 2 (Xinhua) -- Monks across China on Wednesday chanted prayers for the victims of the earthquake that struck northwest China's Qinghai Province in April, exactly 49 days after the deaths, which according to Buddhist belief marks the start of the souls' reincarnation. Major temples of the three main schools of Buddhism in China all held prayer rituals for the about 2,700 victims killed in the 7.1-magnitude earthquake that hit Yushu on April 14, a statement from the Buddhist Association of China (BAC) said. About 1,000 Mahayana Buddhist monks attended the prayer session at Beijing's Guangji Temple led by Chuanyin, the BAC president, while the 11th Panchen Lama, the association's vice president, hosted another prayer session at the Lama Temple, an important Tibetan Buddhist temple in Beijing. In southwestern Yunnan Province, monks of Hinayana Buddhism gathered at the Zongfo Temple to pray. Other important temples in Shanxi, Zhejiang, Shanghai and Lhasa also held prayer rituals at the same time. The monks prayed for the victims' souls and for the survivors to overcome the hardships caused by the disaster. Xuecheng, BAC vice president and secretary general, presided over the prayer ritual at the Gyegu Monastery, the main temple in quake-hit Yushu. About 1,000 monks and local residents attended the prayer ritual at the massive cremation site for hundreds of Tibetan quake victims in Gyegu township. Many local residents arrived at the cremation site early in the morning, praying for the dead while turning prayer wheels. Some kowtowed in memory of the dead. "So many eminent monks and living Buddhas attended the prayer ritual and I believe my love is sure to enter the paradise," said Benma, who lost her husband in the quake. "Many good-hearted people have given us support and the monks have been praying day and night," she said. Xuecheng presented to local monks the 2.3 million yuan (338,000 U.S. dollars) raised by the BAC on April 16. According to the State Administration for Religious Affairs, religious circles had donated about 94.52 million yuan (13.72 million dollars) as of Tuesday, of which 70.45 million yuan came from Buddhists.

SHANGHAI, May 11 (Xinhua) -- Chinese officials and experts Tuesday suggested the nation's steel producers set up plants abroad to avoid a rising number of international trade barriers.Opening steel mills in regions with abundant raw materials and strong market demand abroad would be easier than exporting steel products, as it would bring tax revenues and employment to the areas, Jia Yinsong, an official with the Ministry of Industry and Information Technology, said at an international trade fair for the steel tube industry in Shanghai.China's steel pipe exporters had been frequent victims of protectionism, said Wang Zhenfu, vice director with the Fair Trade Bureau of Import and Export of the Ministry of Commerce (MOC).Data from the WTO showed China's steel producers were named in 29 trade disputes since 2007, involving products valued at 6 billion U.S. dollars.The most serious, in which the United States imposed in April anti-dumping duties ranging from 30 to 99 percent on Chinese steel pipes imports used in oil and gas wells, had curbed steel tube exports to the U.S. by more than 80 percent, said Wang.According to the U.S. Department of Commerce, 37 Chinese firms received a final dumping rate of 29.94 percent, and all other Chinese exporters were subject to a final dumping rate of 99.14 percent.Wang warned of a risk of losing the U.S. market as the U.S. government was mulling further anti-dumping investigations against Chinese steel pipe exports.Jia said Chinese enterprises should be aware of the significance of transforming from production exports to capacity exports.At present, domestic steel enterprises were mainly focused on acquiring mineral resources abroad, but that would become more difficult given global commodity price hikes fueled by a booming market, said Jia.The costs of energy, raw materials, shipping and rising trade protectionism and pressure for China to appreciate its currency would pose challenges for Chinese exporters, according to a survey conducted by the Ministry of Commerce last month.Jia said a few of Chinese steel firms, such as Wuhan Iron and Steel Group, had invested in capacity exports. Wuhan Iron and Steel, China's third-biggest steelmaker, announced on April 19 it would team up with Brazil's LLX Logistica S.A. to build a steel plant with an annual capacity of 5 million tonnes in Brazil's Acu Super Port Industrial District.Besides focusing on the U.S. market, Chinese steel firms should step up efforts to tap into emerging markets such as South America and the Middle East, said Wang.Chi Jingdong, vice secretary general of China Iron and Steel Association, encouraged domestic steelmakers to learn from Japanese counterparts, who followed automobile manufacturers abroad, providing with matching steel products from their overseas mills.

BEIJING, June 6 (Xinhua) -- China's work safety conditions remained grim as the number of work safety accidents remained large, illegal production still posed challenges and safety management was still loose, a senior official said on Sunday.Yang Yuanyuan, deputy chief of the State Administration of Work Safety, made the remarks at a forum on work safety in Beijing.In the first five months this year, 499 people were dead or missing in 36 major workplace accidents such as coal mine flood and gas explosion, a rise of nearly 40 percent from the same period a year ago, Yang said.Notably, five severe accidents, each with a death toll of more than 30, had happened so far this year, killing 181 lives, up nearly 70 percent year on year, he said.Yang noted the grave picture reflected poor enforcement of safety rules, and enterprises' mere pursuit of output in sacrifice of work safety.He said the government would make continuous efforts to bring those accidents under control.

BEIJING, May 26 (Xinhua) -- President Hu Jintao has called for the creation of a more competitive and innovative workforce in the country, with the focus on training more top-notch specialists.At a central work conference on human resources in Beijing from Tuesday to Wednesday, President Hu Jintao said human resources were essential to the development of the Party and the state, and the quality of China's workforce was still poor compared to that of developed countries.China would enhance its workforce's strength, and the fostering of high-caliber professionals would be a priority, Hu said in a statement released after the meeting.Chinese President Hu Jintao addresses a central work conference on human resources held from May 25 to May 26 in Beijing, capital of China. Hu Jintao has called for the creation of a more competitive and innovative workforce in the country, with the focus on training more top-notch specialists.He said China would work to have a large high-quality workforce and to be a strong world power in terms of human resources by 2020.Party committees and governments at all levels must create an environment where talent can emerge and be put to use, he said.He also said innovation would be fully encouraged and supported by the government, and it was a strategic task to foster young talents.At the conference, Premier Wen Jiabao pledged more support to high-caliber creative specialists that are urgently needed in China.The government would encourage and help them and overseas Chinese students find employment or start up businesses in China, he said.Wen said China would increase its funding for the training and education of high-caliber specialists, with investments coming from the government, individuals, enterprises and social organizations.Vice President Xi Jinping said the government would promptly introduce major human resource programs to help realize the national goal.All members of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee attended the conference.

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