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BEIJING, March 8 (Xinhua) -- China's Minister of Science and Technology Wan Gang said here on Monday a lot of new and high technologies will be applied to the Shanghai World Expo, which is designed to highlight the theme of "Better City, Better Life" with the latest technologies.Clean energy will be used to supply electricity for the six-month exposition beginning May 1, said the minister at a press conference on the sidelines of the annual session of the country's top advisory body, the National Committee of the Chinese People's Political Consultative Conference (CPPCC).The 5.8-square kilometer exposition site will become the venue for the largest-scale solar energy application project as 4.6-megawatt solar power generators will be put into operation, said Wan, who is also vice chairman of the CPPCC National Committee. Wan Gang, vice-chairperson of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC), speaks during a news conference held by the Third Session of the 11th National Committee of the CPPCC on the 2010 Shanghai World Expo in Beijing, capital of China, March 8, 2010. A group of 34 3-megawatt wind power generating units are under construction and will supply clean energy for the event."After the Beijing 2008 Olympic Games, the Shanghai Expo will continue to have a zero-emission of vehicles in the expo site with the use of various kinds of electricity-driven cars," said Wan.In the landmark four pavilions along the Central Axis of the expo site, LED lamps account for more than 80 percent of the lighting system, the minister said, adding that devices have been installed in the four permanent buildings to recover all rainwater.The minister, who was born in Shanghai in 1952, said he hoped the high technologies to be showed and applied during the exposition could be applied to the daily life of every one and help Shanghai boost industrial development and restructuring."As science workers, we will take the exposition as a good opportunity to learn the R&D ideas of other countries and the latest technologies from them," he said.

BEIJING, Feb. 24 (Xinhua) -- Chinese Vice President Xi Jinping on Wednesday met here with senior executives of Republic of Korea's technology powerhouse Samsung Electronics.The executives included Samsung Electronics' Permanent Consultant Yun Jong Yong and Chief Executive Officer Choi Geesung.Xi praised an exchange program which had yielded positive results, allowing some middle-aged and young students at the Party School of the CPC Central Committee to visit the ROK for inspection purposes.This was a cooperative program attended by the Organization Department of the Communist Party of China (CPC) Central Committee, Party School of the CPC Central Committee and Seoul-based Samsung Electronics, the world's leading electronics and technology company.Chinese Vice President Xi Jinping (2nd R) meets with senior executives of Republic of Korea's technology powerhouse Samsung Electronics in Beijing, China, Feb. 24, 2010. The executives included Samsung Electronics' Permanent Consultant Yun Jong Yong and Chief Executive Officer Choi GeesungXi voiced the hope that the two sides can step up cooperation, enrich and deepen the inspection so as to make new contributions to China-ROK friendly relations.On the broader bilateral relationship, Xi said the two countries witnessed frequent high-level visits, close trade cooperation, active people-to-people exchanges and good communication on international and regional issues."China is satisfied with the relationship and would like to make joint efforts with the ROK to advance our friendship and mutually-beneficial cooperation," Xi said.Trade ties, which have seen robust growth since the two countries forged diplomatic relations in 1992, stood as a key pillar of the China-ROK relationship and generated substantial benefits for both peoples, Xi said.Xi encouraged Samsung Electronics to seize opportunities and expand businesses in China and play a bigger role in pushing bilateral economic cooperation.Yun, who took the helm of Samsung Electronics from 1996 to 2008, said the company's China business was in a good shape and it would continue to pursue its planned investment projects.Yun pledged Samsung Electronics would cooperate with the Chinese side on the exchange program for students at the Party School of the CPC Central Committee.Yun and his delegation will conclude their visit to Beijing on Friday.

BEIJING, Jan. 24 (Xinhua) -- A 40-member Chinese medical care and epidemic prevention team left here for Haiti on Sunday afternoon on a chartered flight, which also carried 20 tonnes of medical supplies, said the Ministry of Commerce (MOC).The MOC said earlier in the day that China had decided to provide medical supplies worth 18 million yuan (2.64 million U.S. dollars) in additional aid to quake-ravaged Haiti.The 20-tonne medical supplies included medicines, hygiene equipment, medical devices and camping equipment, said the ministry in a statement.Also onboard the plane would be four Chinese peace-keeping police officers, replacing the four who were killed in the earthquake. China maintains a 125-member peacekeeping force in Haiti.  Members of Chinese medical care and epidemic prevention team wave before they board a plane to Haiti, in Beijing, capital of China, on Jan. 24, 2010. A 40-member Chinese medical care and epidemic prevention team left here for Haiti on Sunday afternoon on a chartered flight, which also carried 20 tonnes of medical suppliesThe chartered flight was expected to arrive at Haiti's capital Port-au-Prince at 3 p.m. Monday local time.The MOC statement also said the 40 medical personnel came from China's military medical system and 70 percent of them had participated in previous UN peacekeeping missions.Many of them had been involved in the massive rescue mission after the deadly 8.0-magnitude Wenchuan earthquake on May 12, 2008, which left about 87,000 people dead or missing, it said.At the departure ceremony, Qian Lihua, director of the Ministry of Defense's foreign affairs office, said China was carrying out its responsibility as a UN Security Council member to help the Haitian people with concrete actions. Medical supplies are loaded to a chartered plane bound to Haiti, in Beijing, capital of China, on Jan. 24, 2010. A 40-member Chinese medical care and epidemic prevention team left here for Haiti on Sunday afternoon on a chartered flight, which also carried 20 tonnes of medical supplies.Qian said he expected the Chinese medical team to accomplish the mission in a professional manner by helping the Haitian people ward off threat of post-quake epidemic and reconstruct their homeland.According to the MOC, with the 18 million yuan of additional aid, China has so far provided humanitarian aid worth 48 million yuan in materials and other supplies to Haiti, in addition to 3.6 million U.S. dollars in cash to the Caribbean country.Apart from Sunday's delivery of medical aid, China had already provided several other major aids to Haiti, which was hit by a 7.3-magnitude earthquake on Jan. 12 local time.On Jan. 13, the Red Cross Society of China announced 1 million U.S. dollars in emergency aid to Haiti.On Jan. 15, the Chinese government announced its decision to provide 30 million yuan worth of humanitarian emergency supplies to Haiti.On Jan. 21, China's deputy permanent representative to the UN Liu Zhenmin said China would contribute additional 2.6 million U.S. dollars in cash to Haiti. Members of Chinese medical care and epidemic prevention team display their flag before they board a plane to Haiti, in Beijing, capital of China, on Jan. 24, 2010. A 40-member Chinese medical care and epidemic prevention team left here for Haiti on Sunday afternoon on a chartered flight, which also carried 20 tonnes of medical supplies.

BEIJING, Feb. 20 (Xinhua) -- China Saturday issued a regulation on the implementation of the Audit Law, which required close audit to government-funded projects, to make sure financial funds were properly used.The regulation, issued by the State Council, or China's Cabinet, asked auditing offices to conduct follow-up audit to organizations or projects, which were funded or partly funded by government.The regulation was revised and passed at an executive meeting of the State Council on Feb. 2 and will become effective on May 1 this year.Under the regulation, audit authorities are entitled to launch special investigation into government departments or organizations on budget management or the management and utilization of state assets.To ensure accurate and impartial auditing, the regulation provides that organizations are entitled to apply for government adjudication, administrative review or lodge a lawsuit if they disagree with the audit results.The current Audit Law was amended and passed in February 2006 by the Standing Committee of the Tenth National People's Congress.

BEIJING, Jan. 13 (Xinhua) -- The decision of the People's Bank of China (PBOC), the central bank, to increase the deposit reserve requirement ratio has drawn worldwide attention and fluctuations in global markets.     The PBOC decided on Tuesday to raise the deposit reserve requirement ratio by 0.5 percentage points as of Jan. 18, which analysts translated as a move to manage inflationary expectations and avoid a recurrence of the lending boom.     This was the first time that the PBOC adjusted the ratio of deposit that lenders are required to set aside since the end of 2008 and the first increase for the ratio since June 2008.     The PBOC cut the bank reserve requirement ratio four times in the second half of 2008 to stimulate growth as the global financial crisis started to weigh on the economy.     The adjustment of the reserve requirement ratio, without changing benchmark interest rates, indicated the central bank was targeting inflationary expectations instead of inflation, said Zhao Qingming, a senior researcher at the China Construction Bank.     Ma Jun, chief economist with Deutsche Bank (Great China), said that the rise in the reserve requirement ratio has ended the expansionary monetary policy and started a tightening cycle.     Global markets took a hit after the Chinese attempt to cool the world's fastest-growing major economy.     Chinese equities saw their sharpest dip in seven weeks on Wednesday after the central bank asked lenders to set aside more reserves as record bank lending last year ignited fears of inflation and asset bubbles.     The benchmark Shanghai Composite Index went down 3.09 percent, or 101.31points, to close at 3,172.66 points.     The Shenzhen Component Index lost 2.73 percent, or 364.69 points, to close at 13,016.56 points.     Hong Kong stocks shed 578.04 points, or 2.59 percent, to close at 21,748.60 on Wednesday.     The Hong Kong market was also dragged by overnight losses on the United States markets. The benchmark Hang Seng Index opened down 1.42 percent and widened its losses to 2.24 percent by lunch break, and further to 2.59 percent by market close.     South Korea's financial markets on Tuesday reacted as the Chinese central bank raised the deposit reserve requirement ratio, with the stock markets and foreign exchange rate plunging from the last close.     The benchmark Korea Composite Stock Price Index (KOSPI) and the Korean Securities Dealers Automated Quotations (KOSDAQ) jointly marked a plunge of 27.23 points and 3.65 points, respectively, from the last close.     The report from China also affected the foreign exchange market, with the local currency also sliding against the U.S. dollar by 1.9 won.     The New Zealand share market also fell on Wednesday after the Chinese move.     The share market closed 0.43 percent lower with the benchmark NZSX-50 down 14.1 points at 3,276.2.     Canadian stocks fell for the second day, weighed down by a metal and mining sector that was hit by the Chinese central bank's decision to cool economic growth.     The S&P/TSX Composite Index declined 126.94 points, or 1.06 percent, to 11,820.18 on Tuesday. Earlier the index shed 173 points to 11, 774, the lowest level this year.     U.S. stocks retreated Tuesday, with S&P falling for the first time in 2010, as disappointing Alcoa fourth-quarter results and rising U.S. trade deficit cooled optimism for a strong earnings season and a sustainable economic recovery.     Crude tumbled the most in five weeks on concerns that demand from China, the world's second-largest oil consumer, will wane as the government moves to curb lending.     Benchmark crude for February delivery fell 1.73 dollars to settle at 80.79 dollars a barrel on the New York Mercantile Exchange. It's the first time this year a barrel has closed below 81 dollars a barrel.     Meanwhile, analysts widely hold that the Chinese central bank's decision is to cast only a short-term, instead of mid-term, stroke on the domestic stock market, as the impact would largely be psychological.     Zhuang Jian, a senior economist with the Asian Development Bank, said the adjustment did not indicate a shift in the moderately easy monetary policy, but was an effort to control the pace of lending.     Through the reserve requirement ratio increase, the central bank intended to call for balanced lending at commercial banks, which would support economic growth while avoiding higher inflationary expectations, Zhuang said.

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