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BEIJING, Aug. 13 (Xinhua) -- Jia Qinglin, a senior official of the Communist Party of China (CPC), watched a baseball preliminary match here Wednesday together with Taiwan's Kuomintang Chairman Wu Poh-hsiung and People First Party Chairman James Soong. The preliminary involved two teams from Chinese Taipei and the Netherlands. Despite a working day, the stands of the Wukesong Baseball Field were full.Jia Qinglin (C), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and chairman of the National Committee of the Chinese People's Political Consultative Conference, and Taiwan's Kuomintang Chairman Wu Poh-hsiung (R front) and People First Party Chairman James Soong (L front) pose on the stand while watching the baseball preliminary match between Chinese Taipei and the Netherlands in Beijing, China, Aug. 13, 2008.Jia is a member of the Standing Committee of the Political Bureau of the CPC Central Committee and chairman of the National Committee of the Chinese People's Political Consultative Conference. Before the match began, Jia stepped onto the stand with Wu and Soong, and they waved to the spectators. During the match, roaring spectators from both sides of the Taiwan Strait enthusiastically cheered for the Chinese Taipei athletes, who finally beat the Dutch 5-0. Baseball is one of the most popular sports event in Taiwan. The Chinese Taipei baseball team finished fifth at the 2004 Athens Olympic Games.
TAIYUAN, Sept. 11 (Xinhua) -- Rescuers on Thursday had finished searching more than half the mud-covered areas in north China after a mud-rock slide left 128 people dead. Shanxi Provincial Government Secretary-General Wang Qingxian said about 60 percent of the area had been combed. Altogether 2,000-plus rescuers, with the aid of more than 110 excavators, were searching for survivors. He said Internet claims that hundreds of people were missing was mere speculation. "The specific figure of the people missing in the disaster has not been established yet," said Wang at a news conference. "We are still evaluating the situation." He promised timely and transparent updated casualty numbers, adding 36 people had suffered injuries. If the weather conditions allowed, searchers would finish looking for survivors in three to five days, he said. Relatives of the dead will get 200,000 yuan (29,215 U.S. dollars) each as compensation, according to the provincial government. The State Council, China's Cabinet, has set up an accident investigation team, including officials from the State Administration of Work Safety, Shanxi provincial government, Supervision Ministry, Land and Resources Ministry and All China Federation of Trade Unions. Wang Jun, the State Administration of Work Safety director, was heading the team. The government has begun examinations to more than 700 tailing ponds in the province to avoid similar accidents from happening again. There was no epidemic at the area and the injured were receiving treatment, said Gao Guoshun, the provincial health department head, at the news conference. The water there was not polluted after examination, Gao added. The disaster happened when the bank of a pond holding waste oredregs of an unlicensed mine burst. Some reports said hundreds were feared to have been buried underneath the mud, but the local government had released no figures concerning the number of missing. Wang Qingxian said the mine was purchased and transferred to a man named Zhang Peiliang when the local government auctioned it off in 2005. But Zhang did not apply for new licenses after its safety production license was suspended in 2006 and the mining license expired in 2007. "It was an accident of grave responsibility after initial analysis," said Wang Dianxue, the State Administration of Work Safety deputy head and also the investigation team deputy head. The accident occurred around 8 a.m. on Monday in a pond holding waste ore dregs of the Tashan Mine in Xiangfen County, Linfen City, which was soaked by torrential rain. In total, an area of 30.2 hectares was covered by the mud. The mud-rock flow damaged buildings, trade markets and some residences lying downstream.
BEIJING, June 11 (Xinhua) -- Senior Chinese leaders have called on Chinese people to concentrate their energy on quake relief and economic and social development at the same time. Li Changchun, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the call when meeting quake-relief model workers here on Wednesday. Xi Jinping, who is China's vice-president and also member of the Standing Committee of the Political Bureau of the CPC Central Committee, also met with the model workers. Li Changchun (6th L, 1st row), a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, and Chinese Vice President Xi Jinping (7th L, 1st row), also member of the Standing Committee of the Political Bureau of the CPC Central Committee, pose for a group photo with quake-relief model workers before the first lecture on the heroic deeds and thoughts in quake relief efforts, in Beijing, capital of China, June 11, 2008. The model workers made lectures in the Great Hall of the People on their deeds and thoughts in quake relief efforts. Li Changchun said that in fighting against the 8.0 magnitude quake that jolted southwest China's Sichuan Province on May 12, great national solidarity and spirit have been shown. He praised the 37 model workers who came from different occupations, including the military, police, medical services and education, for their courage and engagement at the very front of the relief missions. Li Changchun (3rd R, 1st row), a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, and Chinese Vice President Xi Jinping (2nd R, 1st row), also member of the Standing Committee of the Political Bureau of the CPC Central Committee, applaud during the first lecture on the heroic deeds and thoughts in quake relief efforts by quake-relief model workers in Beijing, capital of China, June 11, 2008 Li stressed that all party and government officials in quake-affected areas should not let up in supporting survivors and striving to help them rebuild their homes and the local economy. On the other hand, officials should also make more preparations for the impending Olympics, he said.
BEIJING, Oct. 14 (Xinhua) -- China on Tuesday reaffirmed its resolve to keep its economy on track amid the global financial turmoil. In a meeting with visiting U.S. Senator Chuck Hagel, Vice Premier Wang Qishan said the financial crisis, triggered by the U.S. credit crunch, had exerted a grave impact on the global financial market. Chinese Vice Premier Wang Qishan(R) shakes hands with visiting U.S. Senator Chuck Hagel in Beijing, capital of China, Oct. 14, 2008 "As a responsible country, China has always valued the communication and cooperation with other nations to ensure world financial and economic stability." Wang said China would make great efforts to keep its economy on the right track, which would be the country's greatest contribution to the world. China had implemented and would continue measures to ensure the stability of finance, economy and the capital market, he said, referring to a package of new policies to spur economic growth. The central bank cut interest rates on Sept. 15 for the first time in six years. The People's Bank of China, the central bank, announced the deposit and lending rates would be lowered by 0.27 percentage points and the reserve-requirement ratio would be reduced 0.5 percentage points starting Oct. 15. "With tools at our disposal, we are confident and capable of prevailing over the overall difficulties and challenges," Wang told Hagel. He added the overall bilateral relations of the two countries had moved forward and become increasingly interdependent since forging diplomatic ties in 1979. To promote China-U.S. ties was in the fundamental interests of the two nations, he said. Wang proposed the two deepen a strategic trust and take a candid and pragmatic approach in addressing differences. They should work more closely on economy, trade, investment, energy, environment and high-tech. He also urged the United States to observe the three joint communiques, refrain from anything harmful to bilateral ties and the stability of the Taiwan Straits, so as to ensure the sound and steady progress of bilateral constructive cooperation. As all nations were becoming more connected, Hagel, a Republican senator from Nebraska, said the stronger cooperation between the United States and China would help ensure world financial and economic stability.
BEIJING, April 25 -- The key mainland stock index yesterday soared 9.29 percent, the biggest one-day jump in six years, as investor sentiment was boosted by the government lowering of stamp duty. The slashing of trading tax from 0.3 percent to 0.1 percent, effective yesterday, was widely seen as another government effort to lift the stock market from the doldrums it has been in for six months. It followed the introduction of trading rules last Sunday to mitigate the impact of an expected flood of previously non-tradable shares after the lock-in period, which could greatly depress the market. Investors look over information at a stock exchange at a stock trading hall in Beijing, April 24, 2008. Equities trading tax cut, which is widely believed as policy boost by government to stem the recent slump, sends Chinese shares 9.29 percent higher on Thursday, the biggest gain since Oct 23, 2001 The Shanghai Composite Index yesterday surged 304.7 points to close at 3583.03. In yesterday's trading, gainers outnumbered losers by 853 to 1. The Shenzhen Component index jumped 9.59 percent, or 1130.61 points to close at 12914.76. Total market capitalization swelled 9.2 percent to 22.94 trillion yuan (.3 trillion). Turnover on the two bourses more than doubled from the day before to 261 billion yuan ( billion), the highest this year. Analysts said the reduction in the stamp duty and restrictions on the sale of unlocked shares showed that the market has fallen as low as the government would like to see. "The timing of the stamp duty cut suggests that the 3000 point may be a psychological bottom line for policymakers," said Peng Cheng, an economist at Citi China. "The government had been patient in waiting until the market correction was more than 50 percent before taking action," Peng added. Xu Wei, an analyst at Sinolink Securities, estimated that the cut in stamp duty saves investors up to 102 billion yuan (.7 billion) a year. In addition, "the relatively lower A-share valuation and the more stable performance of overseas stock markets have combined to help investors regain confidence," said Rui Kun, a fund manager at China international Fund Management Co Ltd. Security companies, especially those focusing on brokerage services, will benefit from the increasingly active trading because of the stamp tax cut, analysts said. Shanghai-based Haitong Securities, Sinolink Securities and Guoyuan Securities soared to the daily limit of 10 percent. However, some market insiders said that weak fundamentals and unfavorable China economic growth data are likely to outweigh the positive impact of the government move, and the rebound may not last long. "It is doubtful that such administrative measures can have a sustained effect on shares when earnings face significant challenges in the periods ahead," said Peng at Citi China. "The cumulative effect of tightening policies and rising input costs, along with shrinking demand, could cut profits more deeply than what is currently evident," Peng added.