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BEIJING, Feb. 28 (Xinhua) -- The global financial crisis has not yet hit bottom and its impact is still spreading, said Chinese Premier Wen Jiabao during his first-ever online chat Saturday.     He also promised that China is "ready to take firmer and stronger actions whenever necessary." The major impact of the crisis is on the country's real economy instead of its financial sector, which after more than 10 years of reform, is relatively stable and healthy and capable of withstanding the crisis, he said.     Wen said China's east coastal areas were hit hard, where the economy is more export-dependent and labor intensive. The decline of international market demands also caused the unemployment of a great number of migrant workers. Chinese Premier Wen Jiabao prepares to chat with Internet surfers on two state news portals in Beijing, China, Feb. 28, 2009    China's gross domestic product (GDP) grew 9 percent year-on-year last year, the lowest since 2001, when an annual rate of 8.3 percent was recorded.     To cushion the blow of the international financial crisis, Wen said China announced a package of stimulus plans covering four aspects.     The first is the announcement a 4-trillion-yuan (588 billion U.S. dollars) economic stimulus and tax cuts. The second involves revitalizing ten key industries. The third is technical upgrading. The fourth is the building of a comprehensive social security network.     INITIAL RESULTS, BUT TEMPORARY     Wen said "the stimulus measures have shown initial effects and produced good results in certain areas and fields."     For example, the country has seen consecutive growth in credit supply, with new loans standing around 440 billion yuan in November, 770 billion yuan in December and 1.63 trillion yuan in January, Wen said.     He also cited figures on stronger retail sales and the rebound of power generation and use.     Consumption rose 18 percent year-on-year in January, while power generation in the Feb. 11-20 period increased 15 percent year-on-year, or up 13.2 percent from the first ten days of this month, he said.     "Some key indicators showed the economic situation has somewhat turned better," he said. "But those were just temporary indices and couldn't be fully compared with the past figures."     Wen said one indicator he valued most was power generation. "Starting from mid February, power generation and consumption have both resumed growth," he said.     "We must fully realize we are facing a long-term and arduous task," he added.     "We must strengthen confidence in the face of the crisis and be ready to take firmer and stronger actions when necessary."     CONCERNS ON EMPLOYMENT, INCOME GAP AND PROPERTY     Wen said migrant workers had been hit the hardest during the financial crisis.     About 20 million migrant workers in China had returned to the countryside from cities without jobs, said Chen Xiwen, director of the office of the central leading group on rural work, early this month.     Other government officials estimated the number at 12 million. Wen acknowledged the accurate number is yet to be counted.     He said migrant workers did not complain about the government and quietly returned to their hometowns, "some engaging in farming again, others still seeking jobs."     "I want to take the opportunity to extend my gratitude to our migrant workers," he said, adding they had made great contributions to the nation.     The government should encourage them to start their own business by offering tax stimulus and training opportunities, said Wen.     He also expressed deep concerns over the employment issue of college students and jobless urban families.     "Employment is not only related to one's livelihood but also one's dignity," said Wen.     China's State Council, or the cabinet, issued a notice on Feb. 10 urging governments at all levels to make every possible effort to expand employment.     When answering netizens' concerns over income discrepancies, Wen said narrowing the rich-poor gap could not be achieved "in a static state" and should be conducted alongside with economic development.     He acknowledged that China's social and economic development does have the problem of "imbalanced, discordant and unsustainable" growth.     The major problem is the imbalance between different regions, between the urban and rural areas and income imbalance, he said.     Meanwhile, Wen said he still has confidence in China's economy and the development of Chinese enterprises.     In a reply to complaints over the slumping stock market, he said he is confident about the capital market as its performance is decided by economic fundamentals and company profitability.     The government has the responsibility to establish an open, fair and transparent market environment and resolutely fight against illegal acts such as manipulating the market, he said.     Housing prices were among the most frequently asked questions raised by netizens during the chat. In response, Wen said he hopes to see a stable and healthy development of the country's real estate sector in the face of the global financial crisis.     China should strengthen management and regulation to keep housing prices and the scale of property construction "at a reasonable level", said Wen.     Housing prices have long been under fire in China, as consumers complain houses in large cities are too expensive to afford, giving developers unfair huge profits.     Wen said the government highly values the property industry as it concerns the life of ordinary people and directly affects the national economy.     The government has urged for stronger confidence in the real estate market while pledging more money and energy to meet the needs of low-income families, he said.     The government fund must be used properly to ensure house construction is economical, safe and of good quality, said Wen. He also noted the construction should save land and suit people's needs.     "Auditing and supervision should go along with all property projects," said Wen. "Problems must be dealt with whenever they emerge."     Property prices in 70 major Chinese cities fell 0.9 percent in January from a year earlier, a faster fall than the previous month.     In December, the figure saw the first year-on-year drop since the government started to release it in 2005.

BEIJING, April 11 (Xinhua) -- China's foreign exchange reserves rose 16 percent year-on-year to 1.9537 trillion U.S. dollars by the end of March, said the People's Bank of China on Saturday.     It represents an increase of 7.7 billion dollars for the first quarter, but the increase was 146.2 billion dollars lower than the same period of last year.     Outstanding foreign currency loans stood at 235.2 billion U.S. dollars by the end of March, down 11.7 percent year on year.     In the first quarter, foreign currency loans dropped by 8.5 billion U.S. dollars. The decline was 57.3 billion U.S. dollars heavier over the same period of last year.     In March, foreign currency loans rose by 4.3 billion U.S. dollars. The increase was 6.4 billion U.S. dollars lower than the same period of last year.     Meanwhile, outstanding foreign currency deposits rose 28.9 percent, or 7.5 billion U.S. dollars, to 200.3 billion U.S. dollars in the first quarter. The increase was 13 billion U.S. dollars higher over the same period of last year.     In March alone, foreign currency deposits rose by 3.3 billion U.S. dollars. The increase was 1.8 billion U.S. dollars higher over the same month in 2008.     Analysts said the smaller growth of foreign exchange reserves in the first quarter was related with changes in the value of non-U.S.-dollar assets and money flows under the capital account.     In March alone, the foreign exchange reserves rose by 41.7 billion U.S. dollars. The increase was 6.7 billion U.S. dollars higher than the corresponding period of last year.     The country's foreign exchange reserves reduced to 1.914 trillion U.S. dollars at the end of January and 1.912 trillion U.S. dollars at the end of February.     "Changes of foreign exchange reserves in the first quarter were mainly driven by non-U.S.-dollar assets' volatile fluctuation," said Liu Yuhui, an economist with Chinese Academy of Social Sciences (CASS).     During the first quarter, especially the first two months, non-dollar foreign currencies dropped heavily against the U.S. dollar, leaving about 40 percent of the country's non-dollar assets depreciated.     Meanwhile, the country's trade surplus had reduced during the first quarter due to a weakening external demand.     Exports fell 17.5 percent in January, 25.7 percent in February and 17.1 percent in March. In February, trade surplus plummeted by34.3 billion U.S. dollars to 4.8 billion.     "The 7.7-billion-dollar increase in foreign exchange reserves for the first quarter showed the country's economy still depends heavily on external demand," said Mei Xinyu, an economist with the Ministry of Commerce (MOC).     Yuan Gangming, a researcher with the CASS, said the smaller increase in foreign exchange reserves might also be caused by capital flight.     Official statistics show during the first two months, the actually-utilized foreign direct investment dropped by 26.2 percent.     A large proportion of the country's foreign exchange reserves are invested in U.S. treasuries and notes. Last month, the U.S. Federal Reserve announced a plan to buy up to 300 billion U.S. dollars in long-term treasuries. That added to worries in the value stability of the country's foreign exchange reserves.     Mei said the slower growth in foreign exchange reserves could be conducive to the national economic security because less capital would be exposed to devaluation risks.     "The top priority should be to keep the value of foreign exchange reserves stable," said Yuan. He suggested relevant authorities should keep a close eye on flows of foreign reserves and prevent a similar capital flight that happened after the Asian financial crisis.

LHASA/BEIJING, March 28 (Xinhua) -- The first Serfs Emancipation Day was celebrated across Tibet Autonomous Region on Saturday, while people from elsewhere in China expressed their wishes to the Tibetans. 　　CELEBRATION ACROSS TIBET     In Lhasa, readers of the broadsheet Tibet Daily and Tibet Economic Daily found that Saturday's edition of both newspapers became thicker--special issues were published to introduce the changes since democratic reform in 1959.     In the Ngaqen village, fully attired Tibetans gathered in the village club to watch the televised grand celebration held on the square in front of the Potala Palace about 30 kilometers away in the seat of Lhasa.     Tsamjo, 66, who lived in a two-story building, said her life was better than "the landlord in the past".     She had worked as a serf for seven years before the democratic reform. "At that time, our plot of land was smaller than a palm, and our room was as big as the nose of a cow," she said.     After the ceremony, villagers performed traditional Tibetan dances and held a contest of tug-of-war. Tibetan people in traditional dress celebrate the first Serfs Emancipation Day at home in Qamdo, southwest China's Tibet Autonomous Region, March 28, 2009In the Tashigang village of Dagze county, more than 1,000 people enjoyed their own party.     "We have prepared for about a month for the party on our own holiday," 19-year-old Degyi said while doing the makeup.     As a young girl, she admitted that she had little knowledge about the past. "But I feel sad whenever listening to my grandparents telling the stories," she said.     In the Qamdo prefecture in east Tibet, slogans written on red scrolls hailing the Serfs Emancipation Day could be seen on major roads, where sellers in vegetable markets were waiting for their customers, monks in monasteries were chanting sutras and street vendors were soliciting business. Life was as peaceful as ordinary days. In the Tianjin square, dozens of passers-by stopped to watch performances for the holiday.     In Beijing, Serfs Emancipation Day became the hottest topic among students in the Tibet Middle School. Many students hummed the old song "Freed serfs sing in happiness".     "My grandparents were both serfs," said an eleventh-grader Dawa Dorje. A Tibetan man in traditional dress plugs the national flag on the roof of his house during the celebration of the first Serfs Emancipation Day at home in Qamdo, southwest China's Tibet Autonomous Region, March 28, 2009 "They told me that they tied stones to their feet as shoes, and my granny became blind because she had no money to cure her eye illness," she said.     Currently there are 810 Tibetan students in the school, whose accommodation, clothes, health care were all funded by the government.     Main celebration for the holiday was held on the square in front of the Potala Palace in Lhasa, capital city of Tibet, at 10 a.m.     The gathering was presided over in both Tibetan and Mandarin by Qiangba Puncog, chairman of the regional government of Tibet, who was dressed in a traditional Tibetan robe. It was attended by about 13,280 people.     After the national flag was hoisted against the backdrop of the grand Potala Palace and snow-capped mountains in the distance, representatives of former serfs, soldiers from the People's Liberation Army (PLA) and students delivered speeches.     Tibet's Communist Party chief Zhang Qingli was the last to speak.     "Burying feudal serfdom and liberating the one million serfs in Tibet was a natural development in history ... a milestone in the worldwide campaign to abolish slavery, a sign of progress in human rights," he said.     "Tibet belongs to China, not the a few separatists or the international forces against China. Any conspiracy attempting to separate the region from China is doomed to failure. The sky in Tibet will forever be blue, and the national flag will flutter high," he noted.     The ceremony lasted for more than an hour.     REMEMBERING THE PAST     As usual, foreign "critics" jumped up before the Serfs Emancipation Day, saying China exaggerated the cruelty of traditional Tibetan life to disguise a power grab, and that "serfdom" is too loaded to describe the Tibetan system.     But 73-year-old Baya in Qamdo, who was born to be a Tralpa, or a kind of serf whose life was better among all, said she would never return to the old society. Tibetan people in traditional dress celebrate the first Serfs Emancipation Day at home in Qamdo, southwest China's Tibet Autonomous Region, March 28, 2009 "I began to graze cattle when I was nine years old," she said. "There were many wolves in the pasturing area, and the aristocrats always asked us to deliver messages in midnight."     "We were afraid of the ghost, and I once witnessed a horde of wolves attack a lama..." she was apparently still in fear.     What they wore then was goat's skin, dried under the sun, because they didn't have cloth. They didn't have shoes.     "If the feet bled, we just apply the oil of the goat to the wounds," she said.     Dinner was potherb soup. "We didn't have Tsampa (food made of barley floor) to eat, let alone rice and wheat."     Baya said her first taste of sugar was after the People's Liberation Army (PLA) entered Tibet. The sugar was brought to there from Yunnan Province.     Zhao Qingui, a 73-year-old Tibetan veteran soldier, joined the PLA in 1950.     "At that time, only the aristocrats had tooth paste, tooth brush, biscuit, wool and fruits. The majority of people, or the serfs, could only wish not to be starved," he said.     Sun Huanxun, a PLA veteran who went to Tibet also in 1950 and stayed there, recalled what he saw in Lhasa before the democratic reform.     "Serfs wailed and begged from passers-by, some of whom had their legs chopped by the landlords, some have their eyes gouged out and some without hands," he said.     In contrast, the landlords were in luxurious dress, some riding on the backs of their slaves. "In their houses there hung whips, knives and shackles," he added. Local residents compete tug-of-war during the celebration ceremony to mark the first Serfs Emancipation Day in Gaba village in the suburb of Lhasa, capital of southwest China's Tibet Autonomous Region, March 28, 2009. A grand celebration ceremony is held here on Saturday to mark the first Serfs Emancipation DayQi Jiguang, a historian from the Deqen Tibetan Autonomous Prefecture, recited the sentences he read from slave contracts: "I would be your slave so long as the snow-capped mountain didn't collapse, the water from rivers didn't dry up."     The Khesum village in Shannan Prefecture was hailed as the first village to implement the democratic reform. Before the Serfs Emancipation Day, residents in the village wrote an open letter:     "We could never forget the old adage: there are three knives over the heads of serfs--heavy labor, heavy rent, and high interest; there are three paths before their eyes--flee from famine, become slave, or go begging."     "We would never return to the dark, backward, and cruel fuedal serfdom society. We would cherish the life now like cherishing our own eyes," it reads. 　　FOR BETTER FUTURE     Chinese President Hu Jintao visited an exhibition marking the 50th Anniversary of Democratic Reform in Tibet, at the Cultural Palace of Nationalities in Beijing.     During his visit, he said that the "good situation" in today's Tibet was "hard-earned and should be highly cherished."     He also noted that the reform 50 years ago was "the most extensive, profound and progressive social transformation in the history of Tibet. Tibet should move from being "basically stable" to "peaceful and stable in the long run," he stressed.     On the Serfs Emancipation Day, 25 villagers from the Ngoklog village in Qamdo joined the Communist Party of China.     "I am happy to join the Party on this special day," said Asum. Tibetan people perform to mark the first Serfs Emancipation Day at Tianjin Square in Qamdo, southwest China's Tibet Autonomous Region, March 28, 2009Gyezang, 33, is an English teacher from Xigaze. "Establishment of the day could help us remember the darkness in the past and cherish the life more," she said.     Dawa Lhamo, a nine-year-old student from the No. 3 primary school in Lhasa, was happy on Saturday although she was not familiar with the past.     "I will become a soldier when I grow up, to protect Tibet," she said.     People from outside Tibet also expressed their wishes to Tibetans.     Chen Qiuxiong, leader of a working group dispatched from eastern Fujian Province to help with development of Tibet, said they have built a number of infrastructure projects serving farming and animal husbandry in Tibet and helped with the development of culture and education and health care as well as poverty reduction.     "Tibet is now in the period of development and stability, and we will do more for the development of the region," Chen said.     Liu Lumei, a deputy researcher with the Xinjiang Uygur Autonomous Regional Academy of Social Sciences, said that the establishment of the Serfs Emancipation Day embodies the common wish of all the Chinese people for the stability and development in Tibet.

LONDON, April 1 (Xinhua) -- Chinese President Hu Jintao and his U.S. counterpart Barack Obama agreed to work together to build a positive, cooperative and comprehensive relationship in the 21st century when they met here Wednesday.     Hu said China-U.S. ties have got off to a good start since Obama took office. "I have been keeping close relations with Obama and the foreign ministers of both countries have exchanged visits in a short time," he said. Chinese President Hu Jintao (L) shakes hands with U.S. President Barack Obama during their meeting in London, Britain, on April 1, 2009The current international situation is undergoing complicated and profound changes, and the international financial crisis continues to spread and go deeper, he said, adding that global challenges are markedly increasing.     China and the United States share more extensive common interests in tackling the financial crisis, striving to recover global economic growth, dealing with international and regional issues and safeguarding world peace and security, the Chinese president said.     He said China and the United States need to view each other from a positive perspective and push forward dialogue and cooperation with positive moves despite the differences in their social systems, historical background, cultural tradition and phases of development.     The two countries should also work together to tackle the complicated and thorny issues facing the humanity in the 21st century to achieve mutually beneficial cooperation and common development, he said.     China and the United States should deepen exchanges and cooperation in economy, fighting terrorism, non-proliferation, law enforcement, energy, climate change, science and technology, education, culture, healthcare, and boost exchanges between the military of the two nations, he said. The two countries should also strengthen communication and coordination on international and regional affairs and global issues, he added. Chinese President Hu Jintao (3rd L) shakes hands with U.S. President Barack Obama (2nd R) during their meeting in London, Britain, on April 1, 2009Hu invited Obama to visit China in the second half of this year, and Obama accepted the invitation with pleasure.     This was the first meeting between the two heads of state since the new U.S. administration came into office in January.     The two presidents had an "extensive" exchange of views on bilateral relations and global issues of common interest and agreed to work toward an enhanced bilateral relationship, the White House said in a statement.     The two leaders decided to establish the mechanism of "China-U.S. Strategic and Economic Dialogues," and agreed that the first round of the dialogues will be held in Washington this summer.     Speaking at the start of their meeting, Hu said: "Good relations with the United States are not only in the interests of the two peoples, but also beneficial to peace, stability and prosperity of the Asia-Pacific region, and the world at large."     China is willing to work with the United States to make even greater progress in advancing their bilateral relations, Hu said, adding he hoped to establish "good working relations and personal friendship" with Obama.     The U.S. president said the relations between the United States and China have become "extremely constructive." "Our economic relations are very strong."     "I said publicly our relations are not only important for citizens of the two countries, but also help set the stage for how the world deals with a host of challenges," he said.     "China is a great power and has a long and extraordinary history," Obama said.     The Chinese president also said during the meeting that no matter how the situation across the Taiwan Strait evolves, China will steadfastly adhere to the one-China policy and resolutely oppose "Taiwan independence," "One China, one Taiwan" and "Two Chinas."     Obama said the U.S. government is committed to the one-China policy and the three Chinese-U.S. joint communiques, adding that this stand will not change. Chinese President Hu Jintao (2nd R) and U.S. President Barack Obama (2nd L) meet in London, Britain, on April 1, 2009.The United States welcomes and supports efforts to improve relations across the strait and hopes for greater progress in the relations, the U.S. president said.     Observers say the China-U.S. relationship is one of the most important bilateral relationships in the world in the 21st century, and amid the spreading international financial crisis and mounting global challenges, it is all the more important to further develop China-U.S. relations.     Over the years, leaders of the two countries have maintained close communication on major issues concerning bilateral ties through mutual visits, meetings, telephone calls and correspondence. These exchanges have given a strong boost to the sustained, sound and steady growth of bilateral relations.     The Chinese and U.S. leaders met in London on the sidelines of a Group of 20 (G20) summit on the financial crisis slated for Thursday.     The London summit brings together leaders of the G20, and representatives of international organizations and financial institutions to work to restore stability and stimulate global economic growth.     The summit will focus on enhancing the coordination of macroeconomic policies, pushing for necessary reforms in the world financial system and stabilizing global financial markets.     Chinese Vice Foreign Minister He Yafei said last month that President Hu will deliver a speech at the summit to elaborate China's opinions and proposition.     China endeavors to push for positive and pragmatic results at the London summit, He said.     The G20 consists of China, Argentina, Australia, Brazil, Canada, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, Britain, the United States, and the European Union. 

BEIJING, Feb. 12 (Xinhua) -- A section of the local prosecutor's office that deals with dereliction of duty is involved in the investigation into Monday night's massive fire in downtown Beijing, the Supreme People's Procuratorate said here Thursday.     The fire led to one death and seven injuries.     The investigation involves two offices, the Supreme Procuratorate said: the Beijing People's Procuratorate and the district procuratorate of Chaoyang, the section of Beijing where the blaze at the China Central Television (CCTV) complex occurred.     The Supreme People's Procuratorate declined to elaborate on what the investigations covered.     China's procuratorate is the equivalent of a prosecutor's or attorney general's office, handling a range of civilian crimes, but it also has a special division responsible for crimes involving dereliction of official duty, such as bribery and corruption, that the police don't handle.     The fire, which engulfed the building that houses some CCTV facilities as well as the unopened Mandarin Oriental Hotel near the futuristic tower that will house the state broadcaster, was caused by a powerful fireworks show put on by CCTV.     One firefighter died from breathing toxic fumes and seven people were hospitalized. The huge blaze also caused widespread traffic congestion in eastern Beijing and led to the evacuation of hundreds of residents.     The police have detained 12 people so far, including a man in charge of the new site's construction, three CCTV workers and eight people CCTV hired from a fireworks company in central Hunan Province to stage the show.     The fireworks they used were dangerous and needed approval before being allowed in downtown Beijing, a Beijing government spokesman has said. He said that CCTV did not get approval and further alleged that its workers ignored police warnings that night.     Monday was the Lantern Festival, which officially ends the Lunar New Year, and it's traditional to light fireworks on that night.