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BEIJING, Nov. 16 (Xinhua) -- Foreign direct investment (FDI) into China rose for the 15th consecutive month in October, indicating China remains a favored investment destination for foreign businesses.Inbound FDI increased 7.86 percent year on year in October to 7.663 billion U.S. dollars, the Ministry of Commerce (MOC) said Tuesday.The October figure means inbound FDI for the first 10 months of the year totaled 82.003 billion U.S. dollars, a year-on-year increase of 15.71 percent.MOC spokesman Yao Jian said at a press conference China remains a hot spot for foreign investors.Foreign businesses have begun to shift their investments from export-orientated sectors to domestic market-orientated businesses because of China's improved legal system and its expanding market, he said.In the first 10 months of the year, the manufacturing sector received 47.59 percent of FDI inflows while the services industry got 45 percent.A total of 21,181 foreign-invested enterprises were approved for establishment during the 10-month period, up 16.62 percent from a year earlier.In September inbound FDI grew 6.14 percent year on year.The acceleration in the rate of inbound FDI growth was due to the U.S.'s second round of quantitative easing, some analysts explained.Yao denied the link but said the Chinese government is keeping an eye on liquidity.

BEIJING, Dec. 8 (Xinhua) -- China's top political advisor Jia Qinglin has called on overseas-educated Chinese talents to contribute to the country's development by returning home and starting businesses.Jia, also a Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks in his letter to Wednesday's award ceremony here for the first "Teng fei" awards.The China Western-returned Scholar Entrepreneur "Teng Fei" Award was designed to honor and reward those returned overseas-educated Chinese who had grown into enterprises leaders.The award was given to 50 excellent enterprises, 10 enterprises with vast potential, and 10 outstanding entrepreneurs.Han Qide, president of the award's co-organizer, the Western Returned Scholars Association, explained that the underlying purpose of the award was to provide a platform to promote understanding and exchange of experiences among those returnees, and to encourage, support and help more of them to launch their own careers.

BEIJING, Dec. 24 (Xinhua) -- China's health care reform funds - 850 billion yuan (126 billion U.S. dollars) over three years - were mainly used to build a basic medical insurance system for urban and rural residents, said Minister of Finance Xie Xuren Friday.Xie made the remarks at the 18th session of the Standing Committee of the 11th National People's Congress (NPC), a bimonthly session that began Dec. 20 and will end Dec. 25.The government in April 2009 unveiled a 850 billion yuan three-year plan for national health care reform.With the funds, the government promised universal access to basic health insurance, the introduction of an essential drugs system, improved primary health care facilities, equitable access to basic public health services and a pilot reforms for state-run hospitals.Chinese lawmakers attend a meeting of the 18th session of the Standing Committee of the 11th National People's Congress (NPC) in Beijing, capital of China, Dec. 24, 2010. Xie reported that in 2009, the government spent 399.4 billion yuan on health care, with 64.5 billion yuan on the medical insurance system, 24.6 billion yuan on public health services and 21.7 billion yuan on grassroots medical institutions in rural townships and small urban communities.This year's medical and health budget was 443.9 billion yuan, Xie said.By the end of last month, 55.6 billion yuan had been spent on the medical insurance system and 31.6 billion yuan on grass-roots medical institutions, according to statistics from the Ministry of Finance.Xie said the central government will enhance health care reform, strengthen monitoring on the funds' disbursement, and supervise local governments allocation of funds."We will fulfil the 850 billion yuan plan," he said.Thanks to the country's financial support, some 1.26 billion Chinese are covered by the basic medical insurance system, with 424 millon of them in cities and towns and 835 million in rural areas.Under the medical insurance system, governments in urban and rural areas this year paid no less than 120 yuan per person per year in subsidies, with about 60 to 75 percent of inpatient medical expenses being reimbursed.According to Vice Minister of Health Zhang Mao, improving the medical insurance system and decreasing the cost of individuals' medical treatment helps ensure affordable health services for all people.Regarding the increased cost of health care, Zhang urged state-run hospitals to seek less profit and stop over-treating.To make the payment of medical expenses convenient, the government is promoting the use of a one-card system, to allow patients to be reimbursed as soon as possible, Hu Xiaoyi, vice minister for human resources and social security, told lawmakers.According to Hu, more than 800 million cards will be issued during the next five-year program (2011-2015).

DUSHANBE, Nov. 25 (Xinhua) -- Chinese Premier Wen Jiabao made a six-point proposal for enhancing practical cooperation of the Shanghai Cooperation Organization (SCO) at a meeting held here Thursday.Addressing the ninth SCO prime ministers' meeting, Wen said that the SCO countries should rely on collective powers to better safeguard regional peace and stability and promote a comprehensive and balanced economic, social and cultural development.This is not only in the interests of all member states, but also help make the SCO more united and appealing to others, he said.The Chinese premier said that safeguarding regional security, stability and harmony is of vital importance in promoting the development of the SCO and deepening mutually beneficial cooperation among SCO members.Chinese Premier Wen Jiabao attends the prime ministers' meeting of the Shanghai Cooperation Organization (SCO), in Dushanbe, Tajikistan, Nov. 25, 2010.Thus, he called on the SCO nations to strengthen strategic coordination, boost mutual trust and coordinate actions and set up, step by step, a permanent and effective mechanism of safeguarding regional security and stability and to take joint actions and comprehensive measures to deal persistent, heavier and more effective blows to the "three evil forces" of extremism, separatism and terrorism as well as drug trafficking and transnational organized crimes.First, Wen proposed that the SCO countries boost the vitality of economic and trade cooperation.The SCO countries should stick to the principle of government guidance, encourage enterprises to expand cooperation according to market regulations and rely on science and technology in a bid to accelerate regional economic development, he said.Secondly, Wen called for expanding energy cooperation."We should safeguard energy transportation security, jointly develop wind energy and solar energy and enhance the effective use of energy," he said.Thirdly, Wen called for accelerating infrastructure construction such as highways, railways and information highways, to advance regional communication.Fourthly, the SCO members countries should strengthen agricultural cooperation, Wen said, urging them to conduct research on establishing a SCO food security cooperation mechanism."China is willing to help other SCO member states set up high-tech agricultural demonstration areas," he said.Fifthly, Wen called for deepening financial and monetary cooperation among the SCO member states, noting that they should expand business financing channels, conduct researches on establishing a SCO development bank, discuss new ways of joint financing and joint benefiting, and expand cooperation on local currency settlement.Finally, the Chinese premier called for pushing forward capacity building and people-to-people and cultural exchanges.The SCO countries should further improve the contingency mechanism for handling emergencies at border areas, he said."China is willing to train Chinese language and senior management staff for SCO member states and organize the first university students art festival for the SCO and launch communication and cooperation with SCO member states in traditional medicine," Wen said.During the one-day meeting, the SCO prime ministers agreed to intensify the fight against the "three evil forces" to safeguard regional security and stability, enhance coordination in economic policy to promote trade investment facilitation and deepen cooperation in disaster relief, education and culture to promote sustainable development in the region.The SCO prime ministers decided to hold their next meeting in Russia.Founded in 2001, the SCO consists of China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan.Also present at the gathering were delegates from SCO observers India, Iran, Mongolia and Pakistan, and the economic minister of Afghanistan as a guest of the host country.

CANCUN, Mexico, Dec. 4 (Xinhua) -- China will not compromise on issues of principle at the ongoing UN climate change conference in Cancun, Mexico, the country's chief negotiator said on Saturday.Su Wei, the chief Chinese negotiator and head of the climate change department of China's National Development and Reform Commission, made the remarks in response to some parties' call for "compromise to make achievements.""All the parties want to reach substantial achievements at the Cancun conference, which can lay a solid foundation for the completion of 'Bali Roadmap' negotiations," Su told Xinhua in an exclusive interview."I think we can cooperate with other parties and even make compromises on some non-principle issues, but we will not compromise on the issues of principle, such as the continuation of the Kyoto Protocol, which is the basis for a package of agreements to be made in Cancun," Su said.The negotiator stressed that the developing countries have reached consensus on the principle issues. "We are keeping solidarity and trying to play a constructive role," he added.Su said some country's opposition to the Kyoto Protocol is no good news to the developing countries, and has exerted negative influence on the conference.Negotiators at the Cancun conference are trying to establish a replacement for the Kyoto Protocol, which obliges rich nations except the United States to cut greenhouse gas emissions by an average of 5.2 percent below 1990 levels by 2008-2012."At the end of the first week of the Cancun conference, there are some progresses in adaptation, finance, technology and mitigation for the developing countries, but it is hard to say if the progresses are final ones," Su observed.As for the rumors about a secret Mexican text, Su said that the president of COP16 has told the delegations from every country including China that Mexico will not put forward a secret text."As I know, Mexico, the host country of COP16, is always pursuing the principles of 'open, transparent and widening participation' for the climate negotiations this year. I believe Mexico will continue to keep the principles to try to get the results of balance at the Cancun Conference," he said.Su noted that the ministers will arrive in Cancun in the second week of the conference. He hopes the ministers can play an active role in promoting the progress of the conference.A 70-strong-member delegation of the Chinese government, headed by Xie Zhenhua, deputy director of the National Development and Reform Commission, is cooperating with other parties to seek a solution to global warming in Cancun.The Cancun talks, from Nov. 29 to Dec. 10, are aimed at finding solutions to global climate change. It has attracted about 25,000 participants from governments, businesses, nongovernmental organizations and research institutions in nearly 200 countries.