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BEIJING, June 13 (Xinhua) -- Experts from the Chinese mainland and Taiwan Sunday started their third round of talks in Beijing to pave the way for a long-awaited pact to boost cross-Strait economic ties.During the talks, the two sides will discuss the main content of the Economic Cooperation Framework Agreement (ECFA), and goods and services trade in the "early harvest program."The ECFA is intended to normalize mainland-Taiwan economic ties and bring the two economies closer.The first round of talks took place in January in Beijing, and the second two months later in Taipei.Fan Liqing, spokeswoman of the State Council's Taiwan Affairs Office, told a press conference Saturday that negotiations had made pronounced progress and were approaching completion.Yang Yi, another spokesman of the same organization, was reported as saying in March that the two sides should work together to complete the pact in June.Chiang Pin-kung, chairman of Taiwan's Straits Exchange Foundation (SEF), said on April 2 the SEF also hoped to see the signing of the ECFA by the end of June.
GUANGZHOU, Aug. 4 (Xinhua) -- Five fishermen are missing after their fishing boat collided with an unknown vessel that then fled off the coast of south China's Guangdong Province early on Wednesday, local authorities said.The wooden fishing boat sank after colliding with the unknown vessel along the coast of Lufeng City in the early morning. Seven fishermen aboard the boat fell into the water, and two were subsequently saved by rescuers, the Lufeng Municipal Emergency Affairs Office said in a statement.The unknown vessel fled the scene following the collision, it said.Local maritime authorities are searching the area for both the five missing people and the runaway vessel, it added.

BEIJING, Aug. 24 (Xinhua) -- China's top legislature, the National People's Congress (NPC), has proposed a reform in income distribution be launched as soon as possible, aiming to increase residents' income and narrow the gap in wealth.Officials of the Financial and Economic Affairs Committee of the NPC said they have completed a research report on distribution of national income and made the proposals to be included in the 12th Five-Year Plan (2011-2015).The research report proposes increasing the proportion of residents' income in national revenue and the proportion of labor rewards in the primary distribution of national income. It suggests that the reforms should seek to enlarge the middle class until it becomes the largest sector in society. The report also offers proposals on taxation and social security.The legislature did not release further details on the proposed reforms in income distribution.The NPC, for the first time in history, completed 15 research reports on 14 major subjects from March to July to provide proposals for the formulation of the critical development plans for the next five years, after top legislator Wu Bangguo called for the research at the annual legislative session.According to a World Bank report, the Gini Coefficient for China, a main gauge of c disparity surged to 0.47 in 2009, exceeding the "security line" of 0.4, pointing to the unequal distribution of income which could arouse social unrest.This figure was 0.21 to 0.27 three decades ago. ' In the primary distribution of national income, the proportion that goes to wages and salaries, the major source for China's mid- and low-income families, has been declining, according to Yi Xianrong, a researcher at the Chinese Academy of Social Sciences.The proportion of the total income that Chinese citizens receive from the distribution of national income fell sharply to 57.9 percent in 2007, compared with 68 percent 20 years ago, according to the People's Bank of China.
BEIJING, July 9 (Xinhua) -- Pakistani President Asif Ali Zardari on Friday expressed his optimism over the possible road link with China, saying the construction of the road would boost bilateral trade.Zardari is on his five-day working visit to China, the fifth China tour since he took office as the Pakistani president in 2008. Zardari who once called himself "the first businessman president of Pakistan", said that he had his own "concept" for improving Pakistan-China trade relations.A road connection with China is one of his ideas to make this happen."If you want to come to Pakistan or southeast Asia from China by sea, it will take months, but if you look at the road transportation to my port, it's only 1,100 miles from your border," said Zardari in an interview with Xinhua.Zardari's remarks came amid some reports that China and Pakistan are considering building a rail link to reach the Arabian Sea."The concept has been accepted," said Zardari without elaborating.China and Pakistan have maintained their "all-weathered" and time-tested friendship for decades.Now there are more than 120 companies and about 10,000 Chinese nationals in Pakistan, involved in sectors such as mining, energy exploration and infrastructure building.But Zardari said Pakistan needs more investment.China-Pakistan trade in the first five months of this year reached 3.3 billion U.S. dollars, up 31 percent.While addressing the China-Pakistan Economic Cooperation Forum earlier Friday, Chinese Commerce Minister Chen Deming said that bilateral trade could hit 15 billion U.S. dollars in 2015.On the just-concluded China-Pakistan anti-terror drill in northwest China, Zardari said the two countries should keep united in the fight against terrorism.
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