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BEIJING, Jan. 12 (Xinhua) -- China was flexing its muscles to fight corruption which was still an "persistent, complicated and arduous" task, said an expert as the internal anti-graft body of the Communist Party of China (CPC) convened its three-day plenary session. President Hu Jintao told the meeting of the CPC Central Commission for Discipline Inspection (CCDI) that the Party should "fully recognize the situation of the fight against corruption," which was "persistent, complicated and arduous." Last year, at least 15 ministerial or provincial level officials, including heads of State-owned enterprises (SOE), were investigated for corruption, nine of whom were referred for prosecution, the CCDI said. Among them were former Supreme People's Court Vice President Huang Songyou, who was the first supreme court justice in China removed for grave violations of the law and the Party discipline. "The graft fight and the promotion of a clean and honest work among Party cadres has a great bearing on the Party's survival," Prof. Huang Zongliang of Beijing University told Xinhua. Huang said despite the arrests of many high-ranking officials, the graft situation did not "show any sign of relaxation," citing the 2009 corruption index of the Transparency International, a Berlin-based non-government organization. Among the annual ranking of the world's countries and regions of 180, China ranked 72nd. Countries and regions towards the end of the list means more corrupt. Huang said China's ranking was low and there was little progress compared with that of previous years. ASSET REPORTING SYSTEM IN THE PIPELINE He said to build a system of officials' asset reporting was an effective way to prevent corruption. The communique of the last CCDI plenary session in September said officials should "report their properties and investment as well as employment of their spouse and children," and authorities should enhance management of officials who had family members living overseas. Such requirement was in response to several cases of corrupt officials who fled the country with huge amount of public funds. Huang said the public applauded the move to set up an officials' assets declaration system, as it signaled the Party's effort in pushing for transparency. Currently, the program has been tested in several regions, including eastern Zhejiang and Shanghai and far western Xinjiang. At the CCDI's plenary session Tuesday, Hu, also general secretary of the CPC Central Committee, said supervision and monitoring should be enhanced to form an effective corruption prevention system. Vice Minister of Supervision Qu Wanxiang also pledged last week to tighten supervision on the SOEs and fight corruption among their executives. At least 35 senior executives of China's large SOEs faced corruption charges last year, said a report by Faren Magazine, affiliated to the Legal Daily and overseen by the Ministry of Justice. Among them was Kang Rixin, general manager of the China National Nuclear Corporation (CNNC), who has been under investigation for alleged grave violations of Party discipline since August. Another prominent case involved Chen Tonghai, former chairman of China's state-run oil refiner Sinopec, who was found to have taken almost 200 million yuan (29.4 million U.S. dollars) in bribes and given a death sentence with a two-year reprieve in July. Latest statistics show more than 106,000 officials in China were penalized for disciplinary violations from January to November last year. President Hu vowed that no corrupt official would be above the law and Party discipline.

BEIJING, March 9 (Xinhua) -- China would step up work to monitor non-banking financing, said the China Banking Regulatory Commission (CBRC) Tuesday in a statement on its web-site.More focus would be put on businesses in connection with trust companies and the real estate sector to prevent banks from using non-banking financing to circumvent policies, said Liu Mingkang, chairman of the CBRC.The 2010 government loan target is 7.5 trillion yuan (1.10 trillion U.S. dollars). But in January alone, banks extended 1.39 trillion yuan in new loans -- 18.53 percent of the full-year target.More work should be done to improve risk management capacity to achieve sustainable development of the non-banking financing sector, Liu said.Non-banking financial institutions under the CBRC supervision include trust companies, finance companies, financial leasing companies, auto financing companies and money brokers.
BEIJING, Feb. 21 (Xinhua) -- Some 64.15 million people travelled on China's roads on Saturday, the 22nd day of the Spring Festival traffic rush, the Ministry of Transport (MOT) said Sunday.This figure is a 7.8 percent increase compared to the corresponding day last year, as millions of people began to return to work as the one-week holiday neared its end, the MOT said in a statement on its website.The Spring Festival, or Chinese Lunar New Year, fell on Feb. 14 this year. It is the most important Chinese traditional festival for family reunions. Millions of Chinese journey across China during the 40-day rush period beginning Jan. 30. Passengers queue up for tickets at the Nanchang Railway Station in Nanchang, capital of east China's Jiangxi Province, Feb. 21, 2010. Traval peak occurred throughout China as the Spring Festival holidays endedMore than 29.6 million passengers travelled by train during the Spring Festival week from Feb. 13 to Feb. 19, up 11.9 percent from a year earlier, China's Ministry of Railways (MOR) said Sunday.China's railways also carried 68.64 million tonnes of freight during the period, an increase of 29.7 percent compared to the corresponding week last year, the MOR said. Passengers enter the Taiyuan Railway Station in Taiyuan, capital of north China's Shanxi Province, Feb. 21, 2010. Traval peak occurred throughout China as the Spring Festival holidays ended.
BEIJING, Jan. 31 (Xinhua) -- The Chinese mainland announced Sunday it would extend anti-dumping measures by five years on imports of phenol from Japan, the Republic of Korea, the United States and Taiwan.The Ministry of Commerce (MOC) said in a statement posted on its website that it decided to review the measures a year ago in response to applications from domestic phenol companies.According to the MOC, if anti-dumping measures were discontinued, dumping of phenol might continue and would hurt the domestic industry again.However, the MOC did not provide further information concerning what the measures were and when they would take effect.Phenol is a chemical compound used in the production of some medicines, plastics, pesticides and synthetic resins.
来源:资阳报