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BEIJING, Oct. 28 (Xinhua) -- China's top legislature on Thursday ended its bimonthly session, adopting a series of bills including the long-awaited social insurance law that had been reviewed by lawmakers four times in almost three years.The law that aims to prevent the improper use of social security funds was first submitted to the legislature in December, 2007, following a scandal in Shanghai involving 3.7 billion yuan (502.3 million U.S. dollars) of social security funds.The law is to take effect on July 1, 2011.In a proposal made by the Communist Party of China (CPC) Central Committee on formulating the country's 12th Five-Year Program (2011-2015) on National Economic and Social Development issued Wednesday, the social security system is set to be improved.The National People's Congress (NPC) Standing Committee also voted to adopt the law on law application to civil relationships involving foreign interests, and the revised Organic Law of Villagers' Committees, regarding rural people having greater powers to remove villagers' committee members and to convene meetings to decide village affairs.Also adopted at the close of this legislative session were the amendments to the Law on Deputies to the NPC and Local People's Congresses at Various Levels, which further specify the rights and duties of lawmakers.Lawmakers also adopted a decision to appoint Vice President Xi Jinping as vice-chairman of the Central Military Commission (CMC) of the People's Republic of China.Born in 1953, Xi was appointed by the CPC Central Committee on Oct. 18 as vice-chairman of the CMC of the party.Xi has served in a number of positions related to the armed forces and military reserve affairs during his previous tenures at national and local levels.The top legislature also expelled Li Qihong, former deputy secretary of Zhongshan Municipal Committee of the Communist Party of China in southern Guangdong Province and former mayor of Zhongshan City, from the top legislature on suspicion of "seriously violating disciplines" concerning economic activities.
SHANGHAI, Oct. 10 (Xinhua) -- The China Pavilion at the Shanghai World Expo welcomed the 8 millionth visitor Saturday as a senior pavilion official announced its exhibition would run for another six months, beginning Dec.1."The China Pavilion's exhibitions will be extended for half a year beginning Dec.1 to meet people's needs", said Qian Zhiguang, deputy director of the China Pavilion on Saturday.The China Pavilion, named "The Crown of the East", has become increasingly popular since the World Expo open on May 1, with an average of 50,000 visitors daily.However, space restrictions have resulted in many visitors being turned away during the Expo, which closes at the end of October.Further, the China Pavilion is negotiating with local museums which are displaying historical items, to continue showing these national treasures, including bronze chariots and horses from the Qin Emperor, ancient porcelain, and invaluable Chinese paintings from 800 years ago.The China Pavilion is one of the permanent structures that will remain after the World Expo.

BEIJING, Sept. 27 (Xinhua) -- Top Chinese legislator Wu Bangguo met here Monday with President of the National Assembly of Mali Dioncounda Traore and the two sides pledged to enhance parliamentary exchanges.Wu, chairman of China's National People's Congress Standing Committee, welcomed his counterpart at the Great Hall of People in Beijing.Wu said Mali was one of the first countries in Sub-Saharan Africa to establish diplomatic ties with China and bilateral relations between the two countries have endured various tests over the years.The sustainable development of bilateral ties has its basis in political mutual respect and mutual economic benefit, Wu said.He said Chinese President Hu Jintao's successful visit to Mali last year pushed bilateral relations to a new high.This year marks the 50th anniversary of the establishment of diplomatic ties between the two countries.Expressing hope to work with Mali to deepen friendship and expand cooperation, Wu said China's National People's Congress attaches great importance to exchanges with the Malian National Assembly.Traore said Mali and China have traditional friendship and Mali admires China's national solidarity, social harmony and rapid economic growth.Mali will further develop bilateral ties between the two countries and their parliaments, Traore said.He reiterated Mali's strict observance of the one-China policy. He also said Mail supports China on issues concerning China's core interests.
BEIJING, Sept. 15 (Xinhua) -- China on Wednesday vowed to boost military cooperation with Thailand. China and Thailand had conducted friendly and fruitful cooperation in the political and economic areas, said Chinese Defense Minister Liang Guanglie when meeting with Air Chief Marshal Itthaporn Subhawong, Commander-in-Chief of the Royal Thai Air Force.Liang said relations between the Chinese and Thai armed forces had developed well with frequent high-level visits and expanded cooperation. Chinese Defense Minister Liang Guanglie (R) meets with Air Chief Marshal Itthaporn Subhawong, commander-in-chief of the Royal Thai Air Force, in Beijing, capital of China, Sept. 15, 2010.Itthaporn's visit would certainly help promote the development of China-Thailand relations and military ties, in particular the friendly cooperation between the air forces of the two countries, Liang said.Itthaporn said Thailand was devoted to boosting strategic cooperative relations with China and would like to further strengthen their military exchanges and cooperation.
BEIJING, Aug. 31 (Xinhua) -- China's banking regulator will strictly implement the central government's macroeconomic policies that aim to curb soaring housing prices, an official said Tuesday.Ye Yanfei, deputy head of the Statistics Department of the China Banking Regulatory Commission (CBRC), said the CBRC will restrain speculative property investment and support the building of affordable housing while controlling risk.China's housing market and lending to the property sector are crucial to the national economy and people's livelihood, as well as to the stable and steady development of the nation's banking sector, Ye said at a seminar in Beijing.Ye's remarks come after the banking regulator said it would further "instruct and monitor" commercial banks' efforts to strengthen the management of lending to home-buyers.Ye's comments echo those of Zhang Ping, director of the National Development and Reform Commission, who said last Thursday in a report to China's top legislature the government will "further implement the measures meant to curb excessive gains in housing prices and resolutely restrain speculative property investment in the second half the year."Ye also said the CBRC has pushed lenders to test the impact of falling house prices, although the regulator said earlier that hypothetical scenarios examined in stress tests do not herald any change in policyHousing prices in major Chinese cities rose 10.3 percent year on year in July, slower than the 11.4 percent growth rate in June, according to official figures.On a monthly basis, housing prices in June fell 0.1 percent from May and July prices were unchanged from June.
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