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BEIJING, June 22 (Xinhua) -- Shang Fulin, chairman of the China Securities Regulatory Commission (CSRC), on Sunday vowed to deepen reform and boost regulation to promote a stable and healthy development of the capital market. The CSRC would rationally balance the market supply and demand, and regulate the pace of fund-raising, Shang told an interior meeting in Beijing. The stock regulator would encourage and steer funds into the market for long-term investment and gradually improve the inner market stabilizing mechanism. China's benchmark Shanghai Composite Index have fallen 54 percent from its all time high in mid October 2007. The steep decline came amid fears that the tightening measures would erode corporate profits and the equities supply would overwhelm demand. Analysts said the regulator has been delaying approvals of initial public offerings over the past couple of months to stabilize market that was hard-hit by weak investor sentiment. Shang noted the CSRC would boost cooperation with the prosecutors on crackdown on market manipulation, irregular information disclosure, and false information and rumors distributed to manipulate stock prices. Shang Fulin, chairman of the China Securities Regulatory Commission (CSRC)( It would also cooperate with other financial regulators to closely watch the impacts of the domestic and overseas economic operation and the global financial market on the domestic capital market. Shang said that during the process of market correction, some people deliberately spread rumors that disrupted market orders and increased volatility.
BEIJING, July 1 (Xinhua) -- Industries with high energy consumption and emissions are developing too fast in China, along with the quick economic growth, the State Council, or Cabinet, warned on Tuesday. The traditional industry structure remained unchanged, while the service sector and high-tech manufacturing weighting fell in the national economy, State Councilors heard at a meeting focusing on energy saving and emission reduction, chaired by Premier Wen Jiabao. Meeting the energy saving and emission reduction targets set in the 11th Five-Year Plan (2006-2010) remained an arduous task, they agreed. Chinese Premier Wen Jiabao (C) presides over a meeting of the members of the State Council's leading group on energy saving and emission reduction in Beijing, July 1, 2008 With performances in conserving energy and reducing pollutant emissions introduced into administrative evaluation, those who fail to meet the goals are to be put under public scrutiny. Industries with high energy consumption and pollution should be resolutely curbed, and the land use, energy consumption and environment impact assessment should be considered in approving new projects, the State Council warned. This year should see the closure of small thermal power plants with a generation capacity of 13 million kilowatts. Outdated production capacity in cement, aluminum electrolysis, paper-making, iron and steel industries should be eliminated. The government will fund key environment protection projects, including the construction of the sewage treatment facility network. Environment-friendly construction materials should make up more than 80 percent of projects by the end of 2008. China reported a drop in both sulfur dioxide emissions and carbon oxygen demand, a measure of water pollution, in 2007. Last year, China saw a 3.27 percent year-on-year drop in energy consumption for each 10,000 yuan of GDP, Premier Wen Jiabao said in his government work report to the First Session of the 11th National People's Congress. However, the government has admitted the difficulty of hitting the targets to cut China's total energy consumption by about 20 percent and emissions of major pollutants by 10 percent by the year 2010, a goal the government set in 2006.
BEIJING, July 16 (Xinhua) -- As the special guests of Chinese President Hu Jintao, 88 students from the quake-hit areas on Wednesday visited Zhongnanhai, the compound of central authorities, and had a joyous time with grandpa Hu before going to Russia for recuperation. "I hope all you schoolmates will rest well and recover as soon as possible with the help of Chinese and Russian teachers. I also hope that you will take this rare opportunity to make friends with Russian pals and be the little envoys for our two countries," Hu told the children. These middle and elementary school students, who come from western China's Sichuan, Gansu and Shaanxi provinces severely stricken by the May 12 earthquake, represent 1,000 children who are going to Russia for further recovery. Chinese president Hu Jintao talks with students from quake-hit areas who visit Zhongnanhai in Beijing before going to Russia for further recuperation on Wednesday, July 16, 2008. The first group of 181 children from China's quake-hit provinces of Sichuan and Shaanxi will fly to Russia on Thursday for a three-week recuperative vacation The children had a wonderful time visiting the beautiful sceneries in Zhongnanhai, asking officials' innocent questions and taking pictures with big smiles. Hu, with arms around several students, asked for their names, grades, hometowns and their feelings for traveling to Russia. Informed that some of the children had lost their parents during the quake, Hu said, "In the homeland's big family, you have many more parents. We will help arrange your life and study well, and ensure that you grow up as happy and healthy as all the other children." Hu carefully examined the injuries on some children and expressed the hope that they would, after coming through the calamity, become braver and tougher to overcome any difficulty in their future life. Hu urged the students to help each other when going out of the country and wished them a wonderful time in Russia. During the activity, Hu also met with a senior official with the Russian embassy to China and expressed his gratitude for all the help Russia offered since the quake. "During the disaster, the Russian government and people offered us timely help, and you invited more than 1,000 quake-hit middle and primary school students to go to Russia for recovery. All these show Russian people's love for the Chinese. And it once again proves that we two countries are real good neighbors and friends," said Hu. The death toll from the May 12 earthquake in Sichuan Province, southwest China, stood at 69,197 as of Wednesday noon, and a total of 18,238 people were still missing.
BEIJING, May 28 (Xinhua) -- General Secretary of the Communist Party of China Central Committee Hu Jintao met with Kuomintang (KMT) Chairman Wu Poh-hsiung at the Great Hall of the People in Beijing on Wednesday afternoon. Hu said that with the joint efforts of the CPC and KMT, and of compatriots on both sides of the Taiwan Strait, the political situation in Taiwan has gone through positive changes, and the cross-Strait relationship faces a precious opportunity. "We should cherish this hard-earned situation," said Hu. It is the first meeting between chiefs of the two parties since positive changes took place in Taiwan. Hu invited Wu to attend the opening ceremony of the 2008 Beijing Olympics. Wu thanked him and accepted the invitation with pleasure. Hu Jintao (R), General Secretary of the Communist Party of China Central Committee, shakes hands with Kuomintang (KMT) Chairman Wu Poh-hsiung at the Great Hall of the People in Beijing, capital of China, on May 28, 2008. Hu Jintao met with Wu Poh-hsiung and all the members of the visiting KMT group here on Wednesday. Hu said currently, reopening the cross-strait talks and to achieve substantial results constitutes an important indication of the improvement and development of the cross-strait relations. He called for resuming exchanges and talks, based on the "1992 Consensus", between the mainland's Association for Relations Across the Taiwan Straits (ARATS) and Taiwan's Strait Exchange Foundation (SEF), as early as possible, and practically solving problems concerning the two sides through talks on equal footing. Once the ARATS-SEF dialogue is resumed, priority should be given to issues including cross-Strait weekend chartered flights and approval for mainland residents traveling to Taiwan, which are of the biggest concern to people on both sides of the Strait, said Hu. He urged the two sides to work together to resolve the two issues in the shortest time. Hu expressed hope that the regularization of the talks between the two organizations could be pushed forward smoothly and achievements made constantly. Leaders of the two organizations should exchange visits when it is convenient for both sides, he said. Hu pledged support to sending "Tuantuan" and "Yuanyuan," a pair of pandas the mainland has promised to send to Taiwan people as gifts, to Taiwan as soon as possible. Hu expressed hope that the two parties and both sides across the strait could make joint efforts to build mutual trust, lay aside disputes, seek consensus and shelve differences, and jointly create a win-win situation. He also called for continuing to follow and effectively implement the "common aspiration and prospects for cross-strait peace and development" to concretely push forward the actual development of cross-strait relations, and strengthen the confidence of Taiwan compatriots in the peaceful development of cross-strait relations. On behalf of the CPC Central Committee, Hu welcomed Wu and all the members of the visiting KMT group. Hu said Wu's first visit to the mainland as the KMT chairman is a major event for relations between the CPC and the KMT and relations between the mainland and Taiwan. He expressed hope that on the basis of previous exchanges and dialogues, the two parties would further exchange views on promoting the improvement and development of relations between the mainland and Taiwan and looking to the future, jointly work for peaceful development of relations across the Taiwan Strait. On behalf of the KMT and Taiwan compatriots, Wu extended sympathy to compatriots in the areas affected by the Wenchuan earthquake in southwest China. He said the KMT and all social circles in Taiwan would actively assist in the rebuilding of disaster-hit areas. Hu thanked Taiwan compatriots for their concern and generous donations and assistance to relief efforts in the wake of the 8.0-magnitude earthquake in Sichuan Province. "The love and benevolence Taiwan compatriots have shown to the people in disaster-hit areas is deeply moving," he said, adding it was touching that on the afternoon of May 12, shortly after the earthquake struck, the Central Committee of the KMT sent a telegram of sympathy. Hu said the brotherly love and care shown by compatriots in the disaster was particularly valuable. It was not only the spiritual power of the Chinese nation to unite and help each other to jointly conquer the hardships, but would also become a strong driving force for compatriots on both sides of the Taiwan Strait to join efforts in building a better future. Hu expressed condolences to the families of two Taiwan tourists who died during the quake, noting more than 2,890 Taiwan tourists were evacuated out of the affected areas and returned home smoothly. Wu said the "sky has cleared after the rain" for the cross-strait relationship, and an opportunity for building up mutual benefits and renovating the cooperation has come. The mainstream public opinion in Taiwan expects the relationship to become more good-willed and interactive. He said the KMT has listed the "common aspiration and prospects for cross-strait peace and development" into its guiding political principle, and has made it a promise for compatriots across the Strait. "We hope that both sides across the strait will lay aside disputes, and work for a win-win situation on the basis of the '1992 consensus,'" he said. He hoped the cross-strait negotiation, which had been severed for years, would be resumed as soon as possible. The KMT hopes that cross-strait chartered flights on weekends and mainland tourists' visit to Taiwan could be realized in July, he said. He expressed hope that the giant pandas, which people in Taiwan, especially children, are very fond of, can come to live in Taiwan soon. He said he would invite the chairman of the mainland-based Association for Relations Across the Taiwan Straits (ARATS) to visit Taiwan at an appropriate time. Wu said some Taiwan people had doubts over the development of the cross-strait relations, and that KMT itself shares Taiwan people's wish for the island to take part in international activities. However, the KMT was against some people's distortion of "Taiwan consciousness" into "Taiwan independence consciousness," he said. Wu expressed hope that through expanded exchanges, reciprocal and win-win cooperation across the strait, the suspicion of some Taiwan people would be dissolved. Hu said with regard to the question of Taiwan compatriots participating in international activities, the mainland side understood their feelings. According to the "common aspiration and prospects for cross-strait peace and development," Taiwan compatriots' participation in international activities would be discussed with priority given to participation of the World Health Organization's (WHO) activities after the cross-strait consultations were resumed. "I believe that if two sides can work together and create conditions, solutions will be found to these issues through consultation," Hu said. He stressed that on developing cross-strait relations, the CPC has always adhered to the principal of safeguarding the fundamental interests of the Chinese nation and safeguarding the common interests of all Chinese people, including Taiwan compatriots. "We care for, respect and believe in the Taiwan compatriots. As to the misunderstanding and suspicion harbored by some Taiwan compatriots concerning the cross-strait relations, we will not only give our understandings but also take active measures to dissolve them," he said. To realize the peaceful development of cross-strait relations, the more people unite with us, the better, he said. Wu said the two parties needed to continue strengthening exchanges and dialogues in the future, hold economic, trade and cultural forums or peace forums at appropriate time, and continue to have inter-party exchanges at the grassroot level, so as to make the two parties' exchange platform more solid and impact more far-reaching. After the cross-strait consultations resume, Wu said, the regularized consultations between the two sides and the two parties' exchange platform should play roles at the same time. Wu expressed hope that the two parties would make joint efforts and together with the compatriots from across the strait, create peace, promote stability and development and share prosperity. Hu stressed that under the new circumstances, the two parties should expand exchanges and bring the role of exchange platform between the two parties into full play. He expressed hope that the two parties can bear in mind the welfare of compatriots across the strait and the fundamental interests of the Chinese nation, unswervingly promote the peaceful development of the cross-strait relations, and make joint efforts to realize the great rejuvenation of the Chinese nation. Also present at the meeting were senior mainland officials including Wang Qishan, Ling Jihua, Wang Huning, Dai Bingguo and Chen Yunlin. Hu hosted a banquet for Wu and his delegation after the meeting.
TOKYO, June 14 (Xinhua) -- Foreign ministers of China, Japan and South Korea agreed here Saturday to strengthen trilateral cooperation for better political, economic and cultural relations. Chinese Foreign Minister Yang Jiechi, Japanese Foreign Minister Masahiko Komura and South Korean Minister of Foreign Affairs and Trade Yu Myung Hwan reached the agreement at the second trilateral meeting of foreign ministers from the three countries. Chinese Foreign Minister Yang Jiechi (L), Japanese Foreign Minister Masahiko Komura (C) and South Korean foreign and trade minister Yu Myung-Hwan shake hand prior to their meeting in Tokyo, Japan, June 14, 2008.Yang said the meeting was held when the trilateral cooperation is showing bright prospect. "The trilateral cooperation is facing new opportunities and is standing at a threshold," Yang told his counterparts during the meeting held later in the afternoon. "Further development of the trilateral cooperation is in line with the expectation of the three peoples and is conducive to peaceful development of the three countries and the region," Yang said. He called for cherishing of the opportunities to actively push forward the trilateral cooperation toward the direction of peaceful coexistence, comprehensive cooperation, mutual benefit and common development. Yang called on the three sides to keep their respective political promises, improve understanding and trust in each others, expand logistical and financial cooperation as well as social and cultural exchanges and deepen communications on regional cooperation and significant international and local issues so as to further improve the mechanism of trilateral cooperation. Japanese foreign minister Masahiko Komura (C) speaks during a joint press conference with Chinese foreign minister Yang Jiechi(L), South Korean foreign and trade minister Yu Myung-Hwan after the tripartite China-Japan-South Korea Foreign Ministers Meeting in Tokyo, capital of Japan, on June 14, 2008. The three ministers agreed that the trilateral cooperation is very important for peace, stability and prosperity of Asia. They agreed to carry out new cooperation on disaster relief. The three ministers agreed to keep regular communications between leaders and foreign ministers of the three countries and scheduled a meeting of heads of government of the three countries in Japan in September. The three ministers also agreed to strengthen cooperation on promoting peace and stability on the Korean Peninsula, combating climate change, environment protection, food and energy safety, assistance to African development and the United Nations' reform. Komura and Yu wished the Beijing Olympics a great success.