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BEIJING, Dec. 27 (Xinhua) -- The State Council, China's cabinet, released a review of its legislative work in 2009 on Sunday, which gave a brief account of the role legislation has played in helping people improve their livelihoods and develop society generally. The State Council tabled five bills for deliberation by the Standing Committee of China's top legislature and formulated 22 administrative regulations in 2009. To safeguard people's safety and promote fitness campaign, the State Council has mapped out regulations for the implementation of China's food safety law, migrant population family planning, national fitness and lottery management, it said. To promote legislation regarding environment protectional, energy-saving and reduction of greenhouse gas emissions, the State Council formulated regulations on recycling discarded home appliances and electronic devices, regulations on prevention of marine pollution from ships as well as safe transportation and monitoring of radioactive objects. The State Council also submitted laws to the NPC Standing Committee to advance the development of relevant sectors. Among them were draft laws regarding diplomatic personnel, the people's armed police force, a draft revision to the Law on Guarding State Secrets, and a draft revision of China's Organic Law of Villagers' Committees. To encourage public participation in lawmaking and improve the quality of laws, the Legislative Affairs Office of the State Council sought public submissions on 22 draft administrative regulations. Among those laws and regulations, the draft regulation for the implementation of the Food Safety Law has attracted more than 10,000 public submissions. The State Council has cancelled or standardized administrative charges and helped cut the expenses of enterprises amid the global economic downturn, said the review. The State Council attached great importance to strengthening and improving macro-control policies and established legislative programs to facilitate economic development, it said. To ensure the safety of transportation of natural resources, the State Council submitted a draft law on the protection of China's pipelines for oil and natural gas; it also formulated a regulation on the management of civil airport to standardize the construction and management of such projects. Through enhanced supervision on administrative power, stepped-up efforts on settling administrative disputes and standardized enforcement of administrative law, the State Council helped maintain social harmony and stability, according to the review. More than 33 percent of the cases involving administrative review were rectified, it said. In a bid to provide guidance for local government, the office has mapped out a five-year plan on the construction of a government information network, which it says will offer strong technological support and information service for government legislative work. More efforts have been made in studying theories and upgrading its international cooperation, said the review. In one case, for example, the office held a seminar on pension laws with German Federal Ministry of Justice from April 27 to 28 this year.
BEIJING, Jan. 7 (Xinhua) -- Vice Premier Li Keqiang Thursday underscored the development of energy-saving industries and pushing for advancement in optimization of energy structure to ensure the country's energy supply and safety. Li made the remarks while visiting the China Shipbuilding Industry Corporation, one of the country's major ship manufacturers. Chinese Vice Premier Li Keqiang (front C) views a wind generating machine during his visit to China Shipbuilding Industry Corporation, one of the country's major ship manufacturers, Jan. 6, 2010. Li Keqiang Thursday underscored the development of energy-saving industries and pushing for advancement in optimization of energy structure to ensure the country's energy supply and safetyHe also stressed the importance of improving energy technology and energy equipment development, and called for efforts to step up transfer of economic development mode to maintain stable and relatively fast economic growth. Li said a country's energy safety and development depend on advanced technologies and equipment. "We should step up innovation and grab the commanding height in energy development and international competition." Li praised achievements in energy field that China has made in the past years, urging efforts to further upgrade energy consumption structure, and to develop renewable and clean energy, and establish a stable, safe and clean energy supply system. Chinese Vice Premier Li Keqiang (C) speaks at a meeting during his visit to China Shipbuilding Industry Corporation, one of the country's major ship manufacturers, Jan. 6, 2010.He also stressed the policy support to energy development and called for wide application of energy-saving technologies and products, as well as expanding energy technology consultations to foster new economic growth area. He also urged efforts to ensure energy supply to meet people's needs and production demand for coal, gas, and oil in cold weather. On Wednesday, China established the first batch of national energy development and research centers. The 16 centers will research and study technologies of nuclear power equipment, wind power, and smart grid, among others. Zhang Guobao, head of the National Administration of Energy, said these research centers play important role in establishing the country's energy technology system, and meeting China's demand to upgrade energy consumption structure.
BEIJING, Nov. 20 (Xinhua) -- Profits of China's state-owned enterprises (SOEs) administered by the central government more than doubled in October from a year ago after months of declines, a senior official said here on Friday. The 132 central SOEs reaped a profit of 79.5 billion yuan (11.64 billion U.S. dollars) in October, up 151 percent year on year, said Huang Shuhe, deputy director of the State-owed Assets Supervision and Administration Commission (SASAC) at the 2009 Annual CEO Forum. In October, revenues surged by 22 percent from a year ago to nearly 1.16 trillion yuan, Huang said. Their profits during Jan-Oct was 633.8 billion yuan, while revenues amounted to 9.83 trillion yuan during the same period. Huang also noted 24 central SOEs had entered the rank of Fortune 500 companies. "China's companies still face difficulties and great challenges due to roaring raw material prices, huge environmental pressure and rampant protectionism triggered by the financial crisis," he said. He said the companies should further enhance independent innovation, improve corporate governance and accelerate the pace of "go global" to compete with foreign brands.
BEIJING, Nov. 15 (Xinhua) -- China should enhance supervision and management of the country's insurance investment, said Li Kemu, vice chairman of the China Insurance Regulatory Commission (CIRC),on Sunday. "With insurance funds were extended into disparate fields, other than bank deposit, demand for a better supervision and risk control enhanced, said Li at the International Finance Forum held in Beijing. By the end of September, 3.4 trillion yuan (497.8 billion U.S. dollars) of insurance funds were invested in bonds, mutual funds, and stocks markets. Bonds investment alone accounted for 50.6 percent of the total. Jiang Dingzhi, China Banking Regulatory Commission (CBRC) Vice Chairman also highlighted the importance of establishing a "all-coverage" financial supervision system. He suggested the country broaden the financial supervision and management system, which would put the mutual funds, hedge funds, and credit risks appraisal agencies under control. The new system requires financial institutions to share information, and also cooperate to fill the supervision blanks between different financial markets, he said.
BEIJING, Dec. 26 -- European fashion retailers are accelerating business expansion in China thanks to the nation's increasing number of fashion-conscious consumers. Two companies that opened new outlets in China at a rapid pace this year included Sweden's H&M and Spain's Zara, both retailers of clothing and accessories for adults and youth. H&M is ending this year with a total of 13 new stores, raising the company portfolio in China to 27 outlets, while Zara, opened 33 new stores in China, winding down the year with 60 in total. "In China, new store openings have more than doubled due to strong domestic consumption, which has not been affected by the global financial downturn," said Wu Shuang, public relations manager of H&M China. Globally, H&M store openings are up between 10 percent and 15 percent in 2009, said Wu. "More H&M stores will be set up in China next year, especially in the second-tier cities," he said. H&M, Europe's second largest fast-fashion retailer, entered the Hong Kong and Shanghai markets in 2007 and later expanded its business to second-tier cities like Hangzhou and Ningbo of Zhejiang province. Back in August, H&M sales in Spain, the US and France were down 11 percent over July sales, the fourth consecutive monthly drop. In 2008, average sales revenue at H&M stores in the Chinese mainland and Hong Kong was up 23 percent to 59 million yuan, while globally average store sales was 48 million yuan. "We are expecting favorable sales volume in China this year," said Wu, while declining to elaborate further. Strong sales numbers were also recorded at Zara, the leading fast-fashion retailer in Europe. "The Chinese market is attractive with its soaring consumer spending power," a Zara promotion executive said on condition of anonymity. Chinese consumers can expect to see more Zara 'fast fashion' stores in the future," he said. Fast fashion is a term used to describe fashion trends that are manufactured quickly in smaller batches to keep inventories down and allow mainstream consumers to take advantage of current clothing styles at lower prices. This type of quick manufacturing methodology is preferred by large retailers like H&M, Forever 21 and Zara, according to online apparel industry directory, Apparel Search. This access to the latest clothing styles is popular with white-collar consumers in China. "I have been waiting for 30 minutes to try on several pieces of clothing, but the wait doesn't matter. I love to get everything here, and the prices are acceptable," said Liu Dan, a woman in her 20s shopping at one of Zara's Beijing stores. Liu, who works in the public relations department at an international company, said she is also a regular patron of H&M in Beijing. Both H&M and Zara stores are often crowded with local consumers, especially on the weekends.