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BEIJING, March 9 (Xinhua) -- China will not revise the Labor Contract Law to compromise workers' rights as suggested by some people to help enterprises cope with the global financial turmoil, a legislator said here Monday.     "The labor contract law has nothing to do with the financial crisis and won't be revised for it," said Xin Chunying, deputy director of the Legislative Affairs Commission of the Standing Committee of the National People's Congress (NPC), China's legislative body.     "China's labor relations are basically stable and orderly, and it can weather through the test of time," she told a press conference on the sidelines of NPC's annual session, when asked if the law will be changed because increased labor costs have led to rising cases of bankruptcy on the Pearl River Delta.     Citing a survey that tracts figures in the first nine months of the 2008, she said the law has indeed driven up enterprises' labor costs by two percent, but it has also greatly curbed labor relations issues that have been afflicting workers as well as employers for years.     Such chronical issues include the tendency of employers avoid signing long-term contracts with employees, the lack of proper protection of workers' rights, said Xin.     The proportion of workers protected by a written labor contracts in "sizable enterprises" has witnessed a remarkable rise since the labor contract law took effect in January 2008, she said.     "Sizable enterprises" is a statistical term in China that refers to all state enterprises or private firms with an annual turnover of two million yuan if they are manufacturers, or five million yuan if they are in trade.     According to Xinhua, 93 percent of the workers in "sizable enterprises" have signed contracts with their employers, compared to less than 20 percent before the enaction of the new law.     Li Shouzhen, a senior official with the All China Federation of Trade Unions, said at the same press conference that the federation is against the lifting of the minimum wage standard.     The minimum wage standard was a major measure to safeguard workers' rights. "Abolishing the standard will hurt employee's initiative and confidence in tiding over difficulties with enterprises," he said.     "Eying long-term development, the employers should strive to pool wisdom and strength of the employee and optimize company structure," he said.     "Don't have your eyes on the employee's salary alone," he said.     The minimum wage standard in the country varies from city to city, with the southern Shenzhen city reporting the highest standard of 1,000 yuan a month. 

HONG KONG, April 12 (Xinhua) -- About 400 enterprises in the Chinese mainland had been selected to participate in the Renminbi cross-border trade settlement pilot program, Under Secretary for Financial Services and the Treasury of Hong Kong Julia Leung said here Saturday.     Speaking on a radio talk show here Saturday, Leung said enterprises in Hong Kong would soon be able to settle trades in Renminbi through the banks with the selected companies in the Chinese mainland.     Noting the program can reduce the risks and cost arising from fluctuations in exchange rates, she said Hong Kong banks could expand extensively their Renminbi services from individual clients to enterprises.     When asked whether the scheme includes trade financing, Leung said authorities in the Chinese mainland would announce the details soon.     "The Monetary Authority has made full preparation for the program including conducting tests on the Renminbi clearing system," Leung noted, adding that "the system can start operation once the Chinese mainland comes up with the operational details."     When asked whether the Hong Kong Special Administrative Region (HKSAR) government would change Hong Kong's linked exchange rate with the U.S. dollar, the under secretary said the system had been working effectively and the HKSAR government had no plan to change it.

BEIJING, March 6 (Xinhua) -- Chinese leaders underscored the importance of relying on the people in the combat against the global financial turmoil, urging efforts to ensure their well-being, when joining lawmakers and political advisors in panel discussions Friday. Wu Bangguo (front C), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and also chairman of the Standing Committee of the National People's Congress (NPC), meets with deputies to the Second Session of the 11th NPC from southwest China's Chongqing Municipality, in Beijing, capital of China, March 6, 2009. Wu Bangguo joined the NPC deputies of Chongqing delegation in deliberating the government work report on FridayIn his discussion with lawmakers from Chongqing Municipality, top legislator Wu Bangguo said it is a must to boost the people's confidence to tackle economic woes.     "We should have long-term targets in heart while dealing with difficulties at present, and our efforts should mainly go to improvement of people's well-being," said Wu, chairman of the Standing Committee of the National People's Congress (NPC), the top legislature. Chinese Premier Wen Jiabao (front L) meets with deputies to the Second Session of the 11th National People's Congress (NPC) from northwest China's Gansu Province, in Beijing, capital of China, March 6, 2009. Wen Jiabao joined the NPC deputies of Gansu delegation in deliberating the government work report on Friday "The people are a most important source of strength to combat the financial crisis," said Premier Wen Jiabao when joining NPC deputies from the northwestern province of Gansu.     "I am here to learn about the real situations at grassroots levels," Wen said, adding the government work report he delivered at the opening of the NPC session Thursday was "a collection of wisdom of the people."     "Officials at various levels and ordinary people should join hands to make concerted efforts," he said.     "We must take into account the opinions of every NPC deputy so that the measures proposed in the government work report can become the common will of all the people of the nation, encourage them to take actions, and inspire the people with power to overcome difficulties," he said. "We must always boost confidence, and we must rely on the people all the time." Jia Qinglin (front L), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and also chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), meets with CPPCC members without party affiliation in Beijing, capital of China, March 6, 2009Top political advisor Jia Qinglin, who discussed Wen's government work report with advisors without party affiliation, called for concerted efforts from all walks of life, regardless of party affiliation or ethic identification, in boosting economic growth.     Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, urged political advisors to actively offer suggestions on maintaining economic growth and social stability. Li Changchun (front R), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, shakes hands with a deputy to the Second Session of the 11th National People's Congress (NPC) from northeast China's Jilin Province, in Beijing, capital of China, March 6, 2009. Li Changchun joined the NPC deputies of Jilin delegation in deliberating the government work report on FridayLi Changchun, member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, pledged to inject more support to the cultural industry.     In his discussion with lawmakers from northeastern Jilin Province, he urged to build a cultural environment that encourages people to start their own businesses, honors people who do so, and promotes hard work. Chinese Vice President Xi Jinping (L), who is also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, shakes hands with a deputy to the Second Session of the 11th National People's Congress (NPC) from southeast China's Fujian Province, in Beijing, capital of China, March 6, 2009. Xi Jinping joined the NPC deputies of Fujian delegation in deliberating the government work report on Friday.Vice President Xi Jinping stressed coordination of varied efforts aimed to achieve economic goals during his discussion with deputies from Fujian Province.     He said expansion of domestic demand should go along with endeavors to stabilize exports, and also be combined with efforts in economic restructuring to elevate the economy to a higher level.     The government's efforts to accelerate industrial upgrade could also be connected to finding employment for the country's vast labor force , he added. Li Keqiang (L), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, meets with deputies to the Second Session of the 11th National People's Congress (NPC) from northeast China's Liaoning Province, in Beijing, capital of China, March 6, 2009. Li Keqiang joined the NPC deputies of Liaoning delegation in deliberating the government work report on Friday.While discussing with lawmakers from the northeastern province of Liaoning, Vice Premier Li Keqiang warned that the global financial crisis and its impact on the real economy are still spreading. He urged to take measures to expand domestic demand, and enhance the vitality of the economy.     Efforts must be made to improve people's well-being to address pressing issues concerning the interests of the people, and to meet the people's basic demands, he said. He Guoqiang (front R), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, shakes hands with a deputy to the Second Session of the 11th National People's Congress (NPC) from central China's Hunan Province, in Beijing, capital of China, March 6, 2009. He Guoqiang joined the NPC deputies of Hunan delegation in deliberating the government work report on FridayHe Guoqiang, secretary of the Communist Party of China (CPC) Central Commission for Discipline Inspection, called to intensify crackdown on corruption to win over trust from the people.     "We are determined to investigate and prosecute a number of key corruption cases, and make a series of anti-corruption laws and regulations," He, also member of the CPC Central Committee's Standing Committee, told lawmakers from central Hunan Province, with a pledge to step up supervision over the use of massive government stimulus spending this year. Zhou Yongkang (C), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, meets with deputies to the Second Session of the 11th National People's Congress (NPC) from northeast China's Heilongjiang Province, in Beijing, capital of China, March 6, 2009. Zhou Yongkang joined the NPC deputies of Heilongjiang delegation in deliberating the government work report on FridayWhen joining the NPC deputies from the northern Heilongjiang Province, Zhou Yongkang, member of the CPC Central Committee's Standing Committee, also urged to improve the livelihood of the people to maintain social stability.     He called to reduce factors that might undermine social harmony and stability, and provide legal protection for economic development. 

HANGZHOU, Feb. 22 (Xinhua) -- Although the world financial crisis has cast a big shadow on China's prosperous eastern coastal regions, companies in these areas are very likely to see the first gleam of economic recovery in 2009, according to experts.     Entrepreneurs said their confidence stems mainly from the enlarging domestic markets and increasing demand, which are backed by the government's powerful stimulus package and a series of favorable policies.          POSITIVE SIGNS EMERGE     Just two months ago, more than 60,000 businessmen in the eastern Zhejiang's Yiwu small ware town -- the world's largest small commodities market -- were tasting bitterness, as they faced declining foreign demand and fewer orders resulting from the global economic downturn.     However, the turning point came after the country's traditional Lunar New Year holiday in late January. On the first trading day after the holiday, the commodity hub witnessed 165,000 customers, representing an increase of 10 percent over the same day last year, and the businessmen there were expecting more customers.     Compared with the stagnancy of last year, the market regained its vigor as most of the trade dealers came to find business opportunities and increase their orders for commodities.     Zhejiang's neighboring Jiangsu Province saw electric consumption surge. It used 443 million kwh of electricity on the first day of February. The figure rose sharply to 680 million kwh nine days later, indicating booming industrial production.     DOMESTIC MARKET EXPANDED     Confidence of businessmen in Zhejiang's Haining City was also bolstered by booming economic activities and increasing demands from domestic markets. The city is famous for leather industry.     "Currently, we are not as worried as we were last year when the economic turmoil spread to every corner of the markets. I am really glad to see that my goods are still welcomed," said Zha Jialin, vice general manager of Haining Leather Town Co.     Ye Xuekang, general manager of Haining Jinda New Material Co., also expressed his optimism, saying the company is under normal operation and products orders from domestic customers saw obvious increase.     "Some of the production lines have to operate for a full 24 hours to meet the demands," Ye said.     "It was the move to shift export destinations from overseas markets to domestic ones that helped us. Although various negative factors including surging prices of crude materials and currency fluctuation have almost strangled the company, the orders from new markets greatly offset the losses in foreign markets," he said.     Economists noted that the government's efforts in adding investments, expanding vast domestic markets and increasing consumption are the biggest contributions to the country's economic recovery.     In September, the government presented a four-trillion-yuan (about 586 billion U.S. dollars) stimulus plan as part of its efforts to cope with the financial crisis.     Adding to the plan were ten industrial revival policies, which were expected to provide several pillar sectors with fund support, tax breaks and other favorable policies. Automobile, shipment and textile industries were among those that befitted.          PRUDENT OPTIMISM TOWARD THE RECOVERY     Zhuang Jian, a senior economist with the Asia Development Bank, told Xinhua, "The country's economy will gradually recover. However, the process may vary largely from one region to another, depending on economic development degree, enterprise's anti-risk ability, and fortune capacity in different areas."     Zhang Hanya, deputy chairman of the Investment Association of China, echoed Zhuang, saying that compared with central and western areas, enterprises and local governments in eastern regions can do a better job.     Zhang described their advantage as "natural abilities" -- the coastal areas in eastern China have long been served as the battlefront or the pioneers of the country's economic reforms.     "As for the local governments in eastern areas, flexible policies, sufficient capital reserves and fiscal support are the musts to guarantee economic development," he said.     Take Shanghai, another important economic engine of China, for example. The city's new Pudong area's car sales rose 15.8 percent in January over the same period last year thanks to a quick respond to the central government's automobile revival plan.     However, experts warned against blind optimism about economic recovery, as the global economic situation is still complex and changeable.     Zheng Yumin, head of Zhejiang Industrial and Commercial Administration, warned enterprises to cope with the "second-wave" of crisis attack, noting exports were still experiencing a tough time, trade-protectionism sentiments in some countries may make the situation even worse.     "After all, we should keep alert," he said.

LONDON, April 2 (Xinhua) -- Chinese President Hu Jintao on Thursday called on the international community to join hands to tide over the current global financial crisis at the second Group of 20 (G20) financial summit here.     As the financial crisis continues to spread and deepen and its impact on the world's real economy becomes increasingly evident, the international economic and financial situation remains complex and grave, Hu said. Chinese President Hu Jintao attends the Group of 20 summit in London, Britain, April 2, 2009.The Chinese president called on the international community to strengthen confidence to confront difficulties.     "We have the enabling conditions to tackle the financial crisis," Hu noted, saying that the world economy is "on a solid material and technological footing."     The world has far more macro regulatory tools than before and also the common will to enhance coordination and cooperation, he added.     "As long as we strengthen confidence and work together, we will tide over the difficulties and achieve our shared goals," said the Chinese president. Chinese President Hu Jintao (2nd R) talks with British Prime Minister Gorden Brown (R) as they prepare to pose for a family photo during the Group of 20 summit in London, Britain, April 2, 2009He then urged the international community to further intensify cooperation to fight the crisis as no country can stay immune from the crisis.     "The only right choice is for all of us to work together and deal with it," he said.     Hu described the G20 as an important and effective platform for concerted international efforts to counter the economic and financial crisis.     At the summit, the Chinese president also called for advancing reform of the international financial system, saying the world should work together to build "a fair, just, inclusive and well-managed international financial order."     Hu also stressed opposition to protectionism. "We should work together to oppose trade protectionism in all manifestations and reject attempts to raise the market access threshold under various excuses and all forms of investment protectionism that harm the interests of other countries," he said. The Doha round of global trade negotiations is crucial to global trade liberalization, he said.     In his speech at the summit which gathered leaders from major developed and developing nations, the Chinese president urged further support to developing countries in time of difficulty.     He called for minimizing the damage of the financial crisis on developing countries and urged the world community, developed nations in particular, to assume due responsibilities and obligations.     They should "continue to fulfill their commitments to debt reduction and aid, take concrete measures to maintain and increase assistance to developing countries, help them uphold financial stability and promote economic growth," Hu said.     Speaking of the impact of the crisis on China, Hu said the global financial turmoil has brought unprecedented difficulties and challenges to China.     In order to combat the crisis and maintain steady and relatively fast economic growth, China has made timely adjustment to its macroeconomic policies, swiftly adopted a proactive fiscal policy and a moderately easy monetary policy, and formulated a package plan to expand domestic demand and boost economic growth, Hu said.     "China will continue to work with the rest of the international community to enhance macroeconomic policy coordination, advance the reform of the international financial system, maintain the stability of the multilateral trading system and contribute its share to world economic recovery," Hu told other leaders attending the summit in London.     At the summit in London, leaders of the G20 reached consensus on how to save the world out of the financial crisis, including a pledge of 1.1 trillion U.S. dollars to revive the world economy, a joint call to fight protectionism, and concrete actions to tighten banking regulation.     Among the additional funds to be injected into international financial institutions, 500 billion dollars will go to the International Monetary Fund to support lending to countries hit hard by the crisis, 250 billion dollars will be used to support a new Special Drawing Rights (SDR), 100 billion dollars will support additional lending by the multilateral development banks, and 250 billion dollars will be devoted to guarantee trade finance.     The G20 leaders agreed on extending regulation and oversight to all systematically important financial institutions, instruments and markets, including systematically important hedge funds for the first time.     They also agreed on extending regulatory oversight and registration to credit rating agencies to ensure they meet the international code of good practice, particularly to prevent unacceptable conflicts of interest.     The leaders reiterated their opposition to trade protectionism and their readiness to boost global trade and investment.     They agreed another G20 summit will be held within this year.

来源：资阳报