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Beijing, Feb. 8 -- China's banks will outpace their peers in India and Indonesia, the best performers in Asia's banking industry over the past decade, to deliver the highest returns over the next five to 10 years, analysis firm CLSA Ltd said.The top eight performers among Asian banks over the past decade were all from India, with gains of 400 percent to 3,000 percent, CLSA said in a research report released today.Indonesian banks ranked second over a three-to-five-year period, as no data was available for 10 years, the report said.Shenzhen Development Bank Co, China's first commercial bank to launch an IPO and get listed on Shenzhen Stock Exchange (in 1987), is expected to show a more than eight-fold increase in net profit for 2009, boosted by lower provisions for bad loans and higher net interest and fee income, the Wall Street Journal saidThe two countries recorded the highest credit growth, as India's loans increased 622 percent over the past 10 years, followed by 508 percent growth in Indonesia, Daniel Tabbush and Suangsuda Sinsadok, analysts at CLSA, said in the report.That shows "positive" implications for China's banks given the nation's 326 percent increase in loan growth over that period, they wrote in their analysis."Where China stock price data is only recent, we can at least assume that the fact that those banks are returning the third-highest loan growth over the past five and 10 years can in fact mean strong total returns over the long term," the analysts wrote.China's loan growth of 79 percent was the highest over the past three years, according to the report by CLSA, which is "overweight" on the nation's bank stocks as well as those in India and Indonesia.

BEIJING, March 14 (Xinhua) -- The amendment to the Electoral Law adopted by the National People's Congress (NPC), China's parliament, marked an important step to improve the people's congress system and advance socialist democracy, the People's Daily said in an editorial to be published Monday.The NPC concluded its annual session here Sunday after adopting an amendment to the Electoral Law, which grants equal representation in legislative bodies to rural and urban people.The amendment could better demonstrate equality among people, regions and ethnic groups, and promote social harmony, the editorial said.The editorial also spoke highly of the NPC session as an important meeting in the crucial era for China to deal with the global financial crisis, maintain steady and relatively fast economic development, and accelerate transformation of the economic growth mode.The NPC endorsed the government work report delivered by Premier Wen Jiabao, which highlights scientific development, transformation of the economic growth mode, innovation and improvement of people's livelihood, the editorial said.The editorial hailed the achievements of the NPC Standing Committee in 2009 and called for the NPC to make intensified efforts in legislation and supervision work and keep in closer contact with the people in 2010, the last year for the implementation of the country's 11th five-year plan (2006-2010).

BEIJING, Feb. 19 (Xinhua) -- Chinese Premier Wen Jiabao Friday bade farewell to renowned educationist Huo Maozheng, who died of illness on Feb. 11 at the age of 88, at the Babaoshan Revolutionary Cemetery in Beijing.State Councilor Liu Yandong joined Premier Wen at the funeral. Vice President Xi Jinping and Vice Premier Li Keqiang previously expressed their condolences.Huo was among China's first group of "100 contemporary educationists," a top honor conferred by the government. She was vice principal of the Beijing No. 2 Experimental Primary School.Chinese Premier Wen Jiabao (R) attends Huo Maozheng's funeral in Beijing, capital of China, Feb. 19, 2010. Wen Jiabao on Friday bade farewell to renowned educationist Huo Maozheng, who died of illness on Feb. 11 at the age of 88, at the Babaoshan Revolutionary Cemetery in Beijing.  She was also member of the Fifth National Committee of the Chinese People's Political Consultative Conference (CPPCC), China's top political advisory body, and member of the standing committees of the sixth, seventh and eighth CPPCC National Committees.Huo graduated in 1943 from the Mathematics and Physics Department of the Beijing Normal University.

BEIJING, Feb. 18 (Xinhua) -- China's operational high-speed railways have exceeded 3,300 kilometers, leading the world in both length and technologies, the Ministry of Railways said on its official website Thursday.Last year China finished two high-speed railways between Wuhan-Guangzhou and Zhengzhou-Xi'an, with an operating speed of 350 km/h. Before that, China had built high-speed railways between some of its major cities, including Beijing-Tianjin, Shijiazhuang-Taiyuan, Qingdao-Jinan, Hefei-Wuhan and Hefei-Nanjing.A number of new high-speed railways are being built and will be finished in the coming few years, of which the Beijing-Shanghai line has a length of 1,318 km and a designed travel speed of 350 km/h. Construction of the line started in April 2008 and would finish in around five years. It would cut travel times between the two cities to only five hours from about 12 hours.High-speed trains wait for departure at Guangzhou south railway station in Guangzhou, capital of south China's Guangdong Province, on Jan. 30, 2010. The Asia's biggest railway station came into use on Saturday, the first day of Chinese spring festival transport rush of 2010.China's railway links had expanded to 86,000 kilometers by the end of 2009, the world's second longest only after the United States.Railway passengers topped a record 1.53 billion last year. Cargo transportation hit 3.32 billion tonnes, according to the ministry.Railway investment surged 80 percent to 600 billion yuan in 2009 boosted by the 4-trillion yuan stimulus package. The government has planned a record 823.5 billion yuan for 2010 to extend the network to 90,000 kilometers by the end of this year.

BEIJING, Feb. 14 (Xinhua) -- A cold front is expected to sweep the northern part of China over the next three days, bringing strong wind and a temperature drop, the China Meteorological Administration (CMA) said Sunday.Small to moderate snow or sleet is forecast in the northern and southwestern part of Xinjiang Uygur Autonomous Region, western Tibet Autonomous Region and the northeastern part of China.The cold front will cause a temperature drop of four to six degrees Celsius since Feb. 15 in central and eastern parts of Inner Mongolia Autonomous Region, north China and northeastern China.The central and the eastern part of China will see a temperature drop of three to five degrees Celsius.Areas in Hunan and Guizhou provinces would expect freezing rain over the following three days.The CMA also said the blizzard condition which had stricken eastern Jiangsu and Zhejiang provinces had eased to small to moderate snow or sleet.The National Meteorological Center had cleared the blizzard warning by 6 p.m. Sunday, 24 hours after the issuance, the CMA said.