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BEIJING, May 15 -- China is planning to raise the proportion of profits it collects from major State-owned enterprises (SOEs) in a move to balance income distribution, but analysts said the move should be bolder and the collected profits used to improve public well-being.The Ministry of Finance said on Tuesday that it might raise the ratio of profits of SOEs to be submitted to the State coffers.According to existing rules, monopoly enterprises under the administration of the central government in sectors like tobacco, oil, petrochemicals, power, telecommunications and coal mining should submit 10 percent of their post-tax profits, while the ratio for those in the iron and steel, transportation, electronics and trade sectors should be 5 percent.Financial corporations and companies in sectors like railways, transportation, education, culture, science and technology and agriculture are not included in the profit submission framework.The Ministry of Finance did not reveal by how much the ratio would be raised."It should be raised properly, and even if it were raised by 10 percentage points, it doesn't matter too much for those central enterprises, given their high profit level," said Zhang Wenkui, researcher with the State Council's Development Research Center.Central enterprises have been criticized by the public for having taken advantage of their monopoly or market predominance to make excessive profits. Some of them have further fueled public anger as they bid to purchase land at high prices, which is believed to have pushed up home prices.The central government collected profits of 14 billion yuan ( billion), 44.4 billion yuan and 98.9 billion yuan respectively in 2007, 2008 and last year from SOEs. In 2009 alone, however, the enterprises made profits totaling 965.6 billion yuan.

BEIJING, May 18 (Xinhua) -- Chinese Premier Wen Jiabao met here Tuesday with Director-General of the UN Educational, Scientific, and Cultural Organization (UNESCO) Irina Bokova.China attaches great importance to education, technological progress and conservation of cultural diversity from a strategic perspective, and is engaged in people's all-round development, all-round social progress and harmonious and sustainable development of the world, said Wen.Wen said China is willing to enhance cooperation with the UNESCO to jointly advance the lofty career concerning mankind's future.Chinese Premier Wen Jiabao (R) meets with UNESCO Director General Irina Bokova in Beijing, capital of China, May 18, 2010.Bokova described China as an indispensable partner of the UNESCO, saying the UN organization needs China's support and participation.Bokova hoped China could play a bigger role in promoting South-South cooperation, conserving cultural diversity and dealing with the global challenges.

NANJING, April 23 (Xinhua) -- One fisherman was confirmed dead and 16 others were still missing after two boats capsized Wednesday night at sea off Lianyungang city in east China's Jiangsu Province, local maritime bureau said Friday.Rescuers discovered the body of the fisherman Friday afternoon, and were still searching for the missing people, although their chances of survival were slim, according to Lianyungang's sea search and rescue center.Of the 17, seven are from Anhui Province and the others from Sheyang County, Jiangsu.At around 10:30 p.m. Wednesday, a boat registered in Jiangsu capsized because of strong gale and high tide about 200 sea miles from Lianyungang, throwing 12 fishermen on board into the water.The other boat, with 11 people on board and in the same fleet, capsized as it attempted to save them.By Thursday noon, of the 23 fishermen, six have been rescued by a nearby fishing boat.

BEIJING, May 21 (Xinhua) -- China and Sweden here on Friday marked the 60th anniversary of their diplomatic ties at an evening reception.Addressing the reception, Wang Gang, vice-chairman of the National Committee of the Chinese People's Political Consultative Conference, said the Chinese government attaches great importance to the development of friendly China-Sweden cooperation.China hopes to work with Sweden and take the opportunity of the 60th anniversary of bilateral ties to deepen political trust and actively expand pragmatic cooperation in various fields, to further strengthen the friendly relationship, Wang said.Swedish King Carl XVI Gustaf expressed hope the two countries will make joint efforts to boost cooperation and make more strides in promoting Sweden-China relations over the coming 60 years.Wang Gang (L front), vice-chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), shakes hands with Swedish King Carl XVI Gustaf at a evening reception marking the 60th anniversary of bilateral diplomatic ties in Beijing, capital of China, May 21, 2010.China and Sweden forged diplomatic ties on May 9, 1950.Over 600 guests of all walks of life from China and Sweden - including Swedish Deputy Prime Minister and Minister for Enterprise and Energy Maud Olofsson and the Chinese Ambassador to Sweden, Chen Mingming - attended the evening reception.

WASHINGTON, April 12 (Xinhua) -- Chinese President Hu Jintao said Monday that China would firmly stick to the path of reforming its currency exchange rate formation mechanism based on its own economic and social development needs.Hu said detailed measures for reform should be considered in the context of the world's economic situation, its development and changes, as well as China's economic conditions."RMB appreciation would neither balance Sino-U.S. trade nor solve the unemployment problem in the United States," Hu told U.S. President Barack Obama.Chinese President Hu Jintao (L) meets with U.S. President Barack Obama in Washington April 12, 2010. President Hu Jintao arrived in Washington on Monday to attend the Nuclear Security Summit slated for April 12-13.The Chinese leader said his country does not intend to pursue a trade surplus over the United States.China would like to take additional measures to increase imports from the United States, Hu said, urging the United States to loosen its export control over high-tech products so that exports to China could be increased.He expressed the hope that trade frictions between the two countries can be solved through negotiations so that Sino-U.S. economic and trade cooperation can be maintained.President Hu also said the advancement of Sino-U.S. economic and trade ties, an important part of the two countries' relations, would benefit not only China, but also the United States, as well as the world's economic development.