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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.

WASHINGTON, April 12 (Xinhua) -- Chinese President Hu Jintao met Japanese Prime Minister Yukio Hatoyama here on Monday to exchange views on China-Japan relations and other issues of common interest.Hu said he is happy to have the opportunity to meet Hatoyama in Washington, who is an old friend of China.Hu appreciated Hatoyama's efforts to boost the friendly relations between China and Japan and his contributions in this regard since he took office.The Chinese leader said he is willing to exchange views with Hatoyama on the development of bilateral ties and issues of common concern.Chinese President Hu Jintao (R) meets with Japanese Prime Minister Yukio Hatoyama in Washington April 12, 2010. President Hu Jintao arrived in Washington on Monday to attend the Nuclear Security Summit slated for April 12-13. To boost the development of China-Japan strategic relationship of mutual benefit, Hu laid out a four-point proposal: keeping high-level exchanges, deepening mutually beneficial cooperation, expanding people-to-people and cultural exchanges, and enhancing cooperation in the process of Asia's integration.For his part, Hatoyama said he also feels very happy to meet President Hu again after their last meeting in Singapore last year.

NEW DELHI, March 27 (Xinhua) -- Indian Prime Minister Manmohan Singh and visiting Chinese Vice Premier Hui Liangyu Saturday agreed that India and China should further their cooperation in all fields.During his meeting with Singh, Hui conveyed cordial greetings from Chinese Premier Wen Jiabao to Singh. He also highly evaluated the Sino-Indian relations.Hui said that in recent years, China and India have maintained comprehensive and fast growing momentum of their relations, which he said is the result of high degree attention paid by and personal efforts, made by the leaders of the two countries, as well as that of sustained efforts which have been made by the two countries for many years.He said that the Chinese government always look at and make decision on Sino-Indian relations from a strategic height and a long-term perspective, and has been committed to further deepening Sino-Indian strategic partnership of cooperation.Hui said that this year marks the 60th anniversary of the establishment of diplomatic relations between China and India, at a time when Sino-Indian relations stay at a new historical start point and face rare opportunities of development.He said that China is willing to make common efforts with India in strengthening concrete cooperation in all fields and expanding the merging point common interests of the two countries, in order to instill new meaning and stimulus to the Sino-Indian strategic cooperative relations which are oriented towards peace and prosperity.Indian Prime Minister Singh asked Hui to convey his cordial greetings to Premier Wen Jiabao.He said that Indo-Chinese strategic cooperative partnership has taken on a global significance, and it conforms not only with the interests of development of the two countries, but also would contribute to peace and prosperity of Asia and the world at large.Singh said that the Indian government will join hands with the Chinese government in pushing forward exchanges and cooperation between the two countries at all levels and in all fields, to make more fruitful such a cooperation.

CAPE TOWN, March 28 (Xinhua) -- China's top political advisor Jia Qinglin on Sunday arrived in Cape Town of South Africa, for an official visit to the country at the southern tip of Africa.Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, the country's top advisory body, was making the visit at the invitation of the National Council of Provinces of South Africa.South Africa was the last leg of Jia's ten-day African tour which already took him to Cameroon and Namibia. Jia Qinglin (2nd L), chairman of the National Committee of the Chinese People's Political Consultative Conference, is welcomed by a South African senior official upon his arrival at the airport in Cape Town of South Africa, March 28, 2010. Jia Qinglin on Sunday arrived in Cape Town of South Africa, for an official visit to the country at the southern tip of Africa.In a written statement issued upon his arrival at the airport, Jia said China-South Africa relationship had advanced in an all- round way since the two countries established diplomatic ties in 1998.The two countries, which forged the strategic partnership on equality, mutual benefit and common development in 2007, have developed deeper political trust, achieved fruitful results in trade, culture, education, science, and worked closely on international issues, Jia said. Jia Qinglin (R Front), chairman of the National Committee of the Chinese People's Political Consultative Conference, is welcomed upon his arrival at the airport in Cape Town of South Africa, March 28, 2010. Jia Qinglin on Sunday arrived in Cape Town of South Africa, for an official visit to the country at the southern tip of Africa.Jia added it was in the fundamental interests of both countries and their people to seek a stronger China-South Africa relationship, which will help boost regional and world peace and development."I believe the visit will increase understanding, expand common ground, boost exchanges and deepen cooperation in a bid to cement bilateral strategic partnership," Jia said.Jia said his visit was aimed at boosting the understanding and friendship between the two nations and consolidating the cooperation in all fields.During his stay in Cape Town, Jia will hold talks with Chairman of South African National Council of Provinces Mninwa Mahlangu.Jia will also travel to Johannesburg and Pretoria where he will meet with South African President Jacob Zuma.

BEIJING, May 10 (Xinhua) -- A senior Chinese official has urged the Communist Party's disciplinary and supervisory bodies to improve their work in companies and financial organs owned by the central government.He Guoqiang, member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, made the remark at a meeting in Beijing on Monday.The CPC Central Commission for Discipline Inspection has issued a guideline to strengthen its supervisory bodies within companies and financial organs owned by the central government.He, who heads the CPC Central Commission for Discipline Inspection, asked companies and financial organs run by the central government to further implement the guideline and promote the Party's anti-corruption effort.The Party's disciplinary organs should constantly improve their officials' political loyalty and build up the system for preventing and punishing corruption, He said.