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BEIJING, April 13 (Xinhua) -- The State Council, China's Cabinet, released here Tuesday new regulations on overseas investment, promising good business conditions but restricting funds to environmentally unsound projects.According to the new regulations, China still welcomes foreign investment in high-tech industries, services sectors, energy-saving and environmental protection, but polluting and energy-gorging or projects in industries running at overcapacity are not wanted.According to the regulations, the State Council said China will continue to support Chinese A-share listed companies in further introducing strategic investors from home and abroad, and standardize foreign companies' investment in domestic securities and corporate merger and acquisition moves.A national security examination mechanism will be built as soon as possible for foreign-funded companies' merger and acquisition operation in China, according to the regulations.Qualified foreign-funded companies are allowed to go public, issue corporate bonds or medium-term bills in China.Multinationals are encouraged by the regulations to set up regional headquarters, research and development centers, procurement hubs, financial management and other functional offices in China.Importing items for scientific and technological development by qualified foreign-funded R&D centers will be exempt from tariffs, importing value added tax and goods and services tax by the end of 2010, according to the regulations.Foreign-funded enterprises are also encouraged to increase their investment in China's central and western regions, particularly in environment friendly and labor-intensive companies.

BEIJING, March 31 (Xinhua) -- The Chinese central government on Tuesday pledged more support for Xinjiang Uygur Autonomous Region in achieving prosperity and stability.At a meeting on the development of Xinjiang, in Beijing on March 29 and 30, Vice Premier Li Keqiang and senior leader Zhou Yongkang called for collaboration between central ministries, designated provinces and municipalities and Xinjiang's regional government to build the region into a moderately well-off society in the next decade.Xinjiang's development and stability was at a critical moment, Li said. National support for the region would be instrumental in its development and essential to its long-term peace and order.A meeting on the development of Xinjiang Uygur Autonomous Region is held in Beijing, capital of China, on March 29 and 30, 2010. Chinese Vice Premier Li Keqiang and senior leader Zhou Yongkang, also members of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, called for collaboration between central ministries, designated provinces and municipalities and Xinjiang's regional government to build the region into a moderately well-off society in the next decade.He asked officials to establish an effective mechanism for providing personnel, technological, managerial and financial support, while improving livelihood issues like housing, employment and education, as priorities.Li, also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, said the government aimed to fully launch the support project in 2011 after a year of research, planning and personnel training, and planned to achieve remarkable results for major tasks in five years.

BEIJING, May 24 (Xinhua) -- Chinese equities rallied for the second consecutive trading day on Monday, and most stocks rose led by property shares as concerns over tougher measures on the property market eased.The benchmark Shanghai Composite Index rose 3.48 percent to close at 2,673.42 points.The Shenzhen Component Index gained 4.03 percent to 10,620.13 at the close.Total turnover climbed to 222.12 billion yuan (32.53 billion U.S. dollars) from 156.19 billion yuan on the previous trading day.Gainers outnumbered losers by 884 to 1 in Shanghai and by 944 to 2 in Shenzhen.Property shares staged strong growth after the China Times newspaper reported that an official from the country's top economic planning body said that the the government would not impose a property tax within the next three years.China Vanke Co., the country's largest listed property developer by market value rose 4.19 percent to 7.70 yuan. Gemdale Corporation grew 6.94 percent to 7.09 yuan.Xinjiang-related shares continued to gain from the government plans to boost regional economic development unveiled last Wednesday.Xinjiang Beixin Road and Bridge Construction Co. rose by the daily limit of 10 percent to end at 26.66 yuan. Xinjiang Urban Construction (Group) Co. closed at 14.00 yuan, an increase of daily limit.

BEIJING, March 26 (Xinhua) -- China's health authorities stressed Friday a ban of hepatitis B tests for college admission and employment, saying checks, if necessary due to occupational requirements, are subjected to the Health Ministry's approval.A notice of the ministry reiterated that health institutions are not allowed to give hepatitis B virus (HBV) tests in health checks carried out for college admission and job recruitment, a policy introduced in February to prevent discrimination on HBV carriers.If candidates' liver functions must be tested to qualify special job posts, the checks must get approval from the Health Ministry, the notice said.The notice also said health institutions cannot provide HBV tests in regular health checks unless at the request of testers, in which case reports must be sealed and handed directly to testers or someone they entrust.Clinical tests must seek consent from patients and their privacy should be respected, according to the notice.Previously, an HBV test was a must on the health check list for college admission and job recruitment, and carriers were usually denied the opportunities, which caused complaints of discrimination and calls for a ban of such tests.The World Health Organization says HBV is transmitted from mother to child, through unsafe injections practices, blood transfusions or sexual contacts, and it cannot be transmitted through casual contact.

BEIJING, March 27 (Xinhua) -- China's Ministry of Land and Resources (MLR) said Saturday it would assemble more than 1,100 engineers and workers from across the country to dig over 1,600 wells in the country's southwest, where a severe drought is likely to continue.All of those professionals would be arriving at the droughty areas by April 1 and the first batch set off on Saturday, said the MLR in a statement on its website.More than 1,600 wells would be drilled, providing 200,000 cubic meters of drinking water per day for 2 million people and 1 million head of livestock, said the ministry, hoping to finish digging 1,400 of the wells by May 10.So far, the MLR has already dug over 100 wells, which can produce drinking water for more than 100,000 people.The drought, which has left southwest China suffering since last Autumn, would likely continue till May as no substantial rainfall was expected ahead of the rainy season, according to meteorological agencies.It has left 18 million residents and 11.7 million heads of livestock in the region with drinking water shortages and caused direct economic losses of 23.7 billion yuan (3.5 billion U.S. dollars), data from the Ministry of Civil Affairs showed.