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BEIJING, Dec. 8 (Xinhua) -- China's Ministry of Finance said here Wednesday that it will sell a batch of 30-year long-term book-entry treasury bonds this week at a yield of 4.23 percent.The bonds, with a total face value of 28 billion yuan (about 4.2 billion U.S. dollars), will be sold over five days starting Thursday, said the ministry in a statement on its website.The bonds are the 40th batch of the kind to be sold by the ministry this year, and will be the fifth batch of 30-year T-bonds the ministry has sold this year.The bonds will become tradable on Dec. 15 through the national inter-bank bond market and over the counter at designated commercial banks. Interest will be paid every half year.

LUANDA, Jan. 13 (Xinhua) -- Visiting Chinese Vice Minister of Commerce Zhong Shan said here on Thursday that China would help Angola in diversifying its exports to China as part of the efforts to boost trade relations between the two countries.Zhong made the pledge during his meeting with Angolan Minister of Trade Maria Idalina Valente to explore ways of further expanding trade and economic ties between the two countries.Zhong said China has attached importance to developing ties with Angola, the largest trading partner of China in Africa, and the 2010 visit to Angola by Chinese Vice President Xi Jinping brought Sino-Angolan ties to new highs.The Chinese official said crude oil was almost the sole product of Angola which ended up in Chinese markets despite the fact that trade volume between the two countries amounted to some 25 billion U.S. dollars in 2010, and the Chinese government has decided to reduce or waive tariffs on Angolan exports to China from January 1, 2011 to encourage Angolan businessmen to export more products to China, including agricultural produces, fish and other marine products and diamonds.Zhong said China and Angola have made substantial progress in bilateral cooperation in the fields of energy, basic infrastructures and agriculture, and the Chinese government has encouraged Chinese enterprises to invest in Angola and make technological transfers to the African country as well.For her part, Maria Idalina Valente said Angola welcomed China's proposal to expand bilateral trade and economic cooperation on the basis of the strategic partnerships hammered out during Xi Jinping's visit to Angola.The Angolan minister said the biggest challenge faced by her government is to diversify its oil-dependent economy and to build up industrial and manufacturing capabilities in the national economy.She said Angola is trying to improve its investment conditions and hopes to reach an agreement with China on the protection of investments by the year 2012.The minister said her country is also keen on learning from China's development experiences in setting up special economic zones and zones of processing products for exports.Zhong arrived in Luanda earlier in the day for a two-day work visit to the African country.

BEIJING, Dec. 4 (Xinhua) - The Municipal Party School in Suzhou City, south China's Jiangsu Province, received a special group of "students" Friday morning for a class on current economic development and future trend.The 46 "students," all freshly-appointed officials of deputy departmental level or departmental level from northeast China's Jilin Province, would soon return home to take office after a two-day visit to local renowned enterprises.They were survivors of one of the nation's public selection campaigns for leading officials this year.In China's northwestern Xinjiang Uygur Autonomous Region, meanwhile, the fiercest-ever competition just entered its final phase. Out of 1134 candidates, only 103 contenders were left after the primary selection - using written exams and interviews, to head for the final 34 departmental level posts.The selection campaigns starting throughout the nation this year were unprecedented in scale and in the number of posts offered, with nearly 400 above deputy departmental level positions open to the public in provinces of Beijing, Zhejiang, Shaanxi, Hunan, Jiangsu, Sichuan, Jiangxi, Shenzhen, Tianjin, Hainan, Guizhou, Jilin, Shandong and Xinjiang.The move displayed the advantage of the public selection system for leading cadres (PSSLC), said Zhuang Yan, deputy head of the provincial Organization Department in Jilin.He said the open selection created a stage for those competent persons, compared with the traditional way to appoint mid-to-top officials only by orders.The province had broken down the identity restrictions by holding out an olive branch to managers from large enterprises, listed companies and financial institutes, as well as so-called "sea turtles," Chinese returnees from overseas.This sent 1,889 candidates from all parts of China, except Hong Kong, Macao and Tibetan Autonomous Region, to the province's written tests."It is unimaginable in the past. Anyone eligible for the registration requirements can attend the departmental level selection exams," said 40-year-old Shen Desheng, a former municipal taxation bureau head and now the newly-appointed deputy head of the provincial taxation bureau in Jilin.

BEIJING, Nov. 27 (Xinhua) -- "I can't afford an apartment, a car or a wife, but it never occurred to me until now that I can't even afford vegetables or fruit," said Gao Lei, a 30-year-old renter in Beijing."I went to a grocery store yesterday only to find that even apples, the cheapest fruit, are sold for 4 yuan half a kilogram, doubling the price from two months ago," said Gao.China's consumer price index (CPI), the main gauge of inflation, rose to a 25-month high of 4.4 percent in October. The hike was mainly due to a 10.1-percent surge in food prices. Food prices have a one-third weighting in China's CPI calculation.An employee puts bags of sugar on to shelves at a supermarket in Beijing. The price of the commodity has doubled in China since the beginning of the year. Though Gao is slightly exaggerating his hardship during the current inflation, price rises, particularly of life necessities such as grains and vegetables, do force Chinese low-income groups into a rough time.Jiang Peng's family is hard-hit, as he and his wife both are laid-off workers and have two daughters in college. Jiang, however, has a new job, working as a janitor in Jinan-based Shandong Economic University.Jiang's family makes some 24,000 yuan (3,600 U.S. dollars) a year, half of which goes to paying tuition for their two college girls, with the majority of the rest covering their daughters' living expenses."We spend each penny carefully, because we try to save as much as possible for the kids. Now as price goes up, we find it increasingly difficult to make ends meet," said Jiang.The only vegetable Jiang and his wife have these days is cabbage, since it is the cheapest of all vegetables.Jiang said prices have dropped slightly due to government price control efforts, but it is not making a big difference yet, and prices of some daily necessities remain high, not showing signs of a decrease."We have fried dough sticks for breakfast, and even its price rose from 3.5 yuan per half a kilogram to 4 yuan, never falling again," said Jiang.For the poorest families, the government already made decisions to dole out temporary subsidies to help them cope with rising living costs.Jin Hong, mother of a fifth-grader in the city of Nanjing, east China's Jiangsu Province, now has to pay 15 percent more for her son's lunch at school. Jin's household monthly income stands at less than 1,000 yuan."I hope there will be no more increases, otherwise I will not be able to afford the school meals for my son," said Jin.p Jin's family is entitled to a 100 yuan subsidy given by the local government, which is due on Dec. 10. "Now, we are counting on the subsidy," she said.Students from poor families are also feeling the pinch, and they are paid great attention in the Chinese government's ongoing price control efforts. The National Development and Reform Commission (NDRC) issued a statement on Nov. 23 detailing various measures to institute price controls, including keeping prices stable in student cafeterias.Also, an earlier statement issued by the State Council, China's Cabinet, ordered local governments to offer subsidies to student canteens and increase allowances for poor students.He Ming, a student from a low-income family at Nanjing-based Southeast University, now sneaks out of classes earlier to make it to the cafeteria before all low-priced dishes are sold out.Low priced dishes are the vegetables, since meat is usually more expensive in China, and they are priced at one yuan per dish."In order not to only swallow rice for the meal, I have to quit part of the class. Though the cafeteria still serves low-price dishes, despite price hikes of vegetables lately, they serve less."He has a monthly living allowance of 300 yuan, which is given by his parents.

BEIJING, Dec. 20 (Xinhua) -- Netizens in Beijing voiced their support as well as concern during the past week about draft rules designed to curb the capital city's notorious traffic congestion.The proposal, that car usage by institutions under the Beijing municipal government's jurisdiction be limited, was overwhelmingly supported, while an additional congestion fee to be paid by drivers and an odd-even license plate restriction system in downtown areas drew much opposition among netizens.The Beijing municipal government wrapped up the week-long public comment period on Sunday that sought input before rolling out the final rules.The draft rules proposed that no new cars should be added during the next five years to the already colossal car fleet for governmental and institutional usage."Equality should be strictly observed and no privilege be allowed for those government- or institution-owned cars to be used for personal business," said a netizen, Renwen Zhuyi, or literally "humanity idea"."I hope that the government could make public the information about government- and institution-owned cars for scrutiny and supervision," said a netizen with ID Hub3333.China has been pushing forward the reform on government- and institution-owned cars, but little progress was made, said Lu Ximing, director with the Shanghai Urban Traffic Planning Research Institute."What is more important is that the government will set an example in reducing traffic congestion by limiting usage of government fleet cars," Lu added.The draft rules also proposed that parking fees be hiked in central Beijing and "congestion fees" be charged in areas prone to traffic jams. This has triggered widespread concern among netizens, who think that extra-charges should be the last resort in easing the city's traffic gridlock problem."Congestion fees are not an effective prescription to ease traffic jams,"said netizen Sunny. "Without a sound systematic arrangement, congestion fees might become a lucrative racket for traffic officials.""Congestion fees are justified only if there is a highly efficient and comfortable mass transit system," said netizen "Singing Swallow".An official with the Beijing Municipal Commission of Traffic (BMCT) said the congestion fee and hiking of parking fees would effectively restrain people from excessive use of cars.Another official with the same institute further pointed out that a limit on the number of cars allowed in Beijing is needed in combating traffic problems."The Beijing municipal government has been focusing on limiting the usage, rather than buying of cars, since 2005," said Li Xiaosong, deputy director with the BMCT.Beijing has made great progress in building more infrastructure developing mass transit systems, optimizing traffic networks, and other measures since 2004, said Li."However, these achievements were overshadowed by the unusual increase in cars in recent years that has brought tremendous pressure on traffic," he said.Data from the BMCT shows there were only 78,000 cars in Beijing in 1978 and 200,000 in 1985. However, the number of cars soared after the country entered the 21st century amid fast economic growth and urbanization.Within 13 years, the number of cars in Beijing more than quadrupled to 4.7 million in 2010 from 1 million in 1997.In 2009, some 515,000 new cars were driven onto Beijing's already over-crowded roads, equivalent to the car population in Hong Kong. And this year, another 760,000 new cars will be added to the traffic gridlock.Li attributed the traffic congestion in Beijing to the excessive use of cars, low ratio of roads and concentrated car use in downtown areas."We have to bring traffic under control before it is too late," Li said.