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BEIJING, Aug. 26 (Xinhua) -- Chinese Vice Premier Li Keqiang has stressed the development of the service industry as part of the government's efforts to promote economic restructuring and to accelerate the transformation of its economic development pattern.Li made his remarks at a meeting focusing on the development and reform of the service industry sponsored by the National Development and Reform Commission (NDRC) on Thursday.The service industry is not only conducive to expanding job opportunities, but also has a low cost of resources, Li said.He further called on local authorities to be innovative in using their regulatory systems to shore up the development of the service industry.Representatives from Shanghai, and provinces of Liaoning, Jiangsu, Hubei and Sichuan explained their experiences in creating service industries.
HANGZHOU, Sept. 24 (Xinhua) -- He Hongwei, a college graduate living in central eastern China's Zhejiang Province, five years ago fussed over landing a decent job amid red-hot competition in the world' s most crowded job market.He then began selling novelty toys on the Internet. Five years on, he has grown into a billionaire and today is busy seeking employees to work in his own factory."I never thought I would make my fortune on the Internet, starting from scratch," the 35-year-old He said.Several years ago, e-shopping was only a "shelter" for many young Chinese who turned to the Internet marketplace to make their living after failing to find decent jobs offline. Most of them earned only paper-thin profits, as e-commerce in China then was still in its infancy.He's story, however, reflected a trend that e-business in China was no longer merely a way of survival, but has become an incubator for the newly-rich who had not expected they could make their fortunes online.According to a report released by Alibaba.com earlier this month, China's largest Nasdaq-listed e-commerce company, some 77 million Chinese individuals and businesses have opened E-shops as of the end of this June.Further, the number of e-shoppers has reached 142 million, or one-third of the nation's total online population.Retail sales at e-shops more than tripled between 2007 and 2009, much faster than the 18 percent growth of retail sales in general during the same period. In the first half of this year, retail sales of e-businesses more than doubled to 211.8 billion yuan (31.6 billion U.S. dollars).Booming sales helped entrepreneurs with e-business start-ups live decent lives, as more than 1 million e-shops at Taobao.com, China's largest online marketplace, earn profits of at least 2,000 yuan a month.As their businesses grow larger, more shops reported profits of over 10 million yuan a year. Sheng Zhenzhong, senior analyst with the research center of Taobao.com, declined to disclose how many such shops were listed on Taobao, but said the number is steadily rising.INTEGRITYAs an old Chinese saying goes, free traders are not bad, which means businessmen should cheat to stay competitive.The old tenet used to work in the early 1980s' when the market economy was initially practiced in China and many businessmen profited from selling shoddy goods.But that could hardly be the case in today's online market, as integrity has become the most important traits for the Internet's commercial success in China.Shi Hongwei is a wholesaler of stockings at Taobao.com. He sells more than 2,000 pairs of socks everyday. For Shi, a young e-shop owner, this is quite a big deal. But, what he cares about most is the rating feedback from his customers.
BEIJING, Sept. 19 (Xinhua) -- China's meteorological authority raised the level of alert for Typhoon Fanapi to the second highest on Sunday as it nears the country's south coast.Fanapi, the 11th typhoon to hit China this year, will move westward at a speed of 20 kilometers per hour, and make landfall between Monday morning and noon at the coast between Guangdong and Fujian provinces, the China Meteorological Administration (CMA) said.The shipping route linking Xiamen in Fujian Province, and Jinmen, in Taiwan, was closed Sunday with Fanapi approaching, said local authorities.CMA urged local authorities to make full preparations to guard against the strongest typhoon this year.Zhu Xiaoxiang, an expert with CMA, expected Fanapi to subside somewhat shortly after making landfall, and heavy rains were unlikely during the upcoming Chinese traditional mid-autumn festival, which will fall on September 22 this year.
BEIJING, Oct. 21 (Xinhua) -- China and Japan have no secret agreement concerning the Diaoyu Islands issue, Chinese Foreign Ministry spokesman Ma Zhaoxu said here Thursday.Ma's remarks came after media reports said Japanese government sources had revealed that China and Japan secretly reached a compromise on the Diaoyu Islands issue while Junichiro Koizumi was Japanese prime minister.The Japanese government sources said Japan agreed in the deal not to detain Chinese citizens setting foot on the Islands while China promised to restrain Chinese vessels who voluntarily defend the Diaoyu from approaching the isles, according to reports."There is absolutely no secret agreement. It is nothing but a slanderous rumor which not only misleads the public but further jeopardizes the political mutual trust between China and Japan. The Japanese side must take upon itself the consequences for this (rumor)," said Ma when responding to a journalist's question.Ma said the Diaoyu Islands are, and have been since ancient times, an integral part of Chinese territory.The Chinese government's stance in safeguarding the nation's sovereignty and territorial integrity has always been unambiguous and unwavering, he added.
MOSCOW, Aug. 31 (Xinhua) -- Russian President Dmitry Medvedev and Chief Executive of China's Hong Kong Special Administrative Region (HKSAR) Donald Tsang Yan-Kuen voiced their support here on Tuesday for the development of more direct links between Russia and Hong Kong.Tsang arrived in Moscow by the first ever direct commercial flight run by a Hong Kong airline.Tsang noted that after the lifting of visa restrictions in July 2009, two-way travels between Russia and Hong Kong rose by 100 percent."I am certain this flow will be increasing further," he was quoted as saying by local news agencies."The updating of the relevant listing rules in June this year would facilitate the listing of (Russian) mining and resource companies in Hong Kong," said Tsang.He also encouraged Russian companies to issue RMB bonds in Hong Kong, and welcomed Russian banks to set up branches in Hong Kong and make use of the RMB clearing and settlement system.Tsang was accompanied by 30 Hong Kong businessmen who were interested in cooperation with Russia."I hope that your meeting here in Moscow, including with members of the business community, will be useful," said Medvedev.The Russian president also invited Tsang to discuss the further advancement of bilateral cooperation as well as some key international issues.