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BEIJING, Jan. 21 (Xinhua) -- The government will step up efforts to eliminate outdated production capacity, said a statement issued by the State Council on Wednesday.Eliminating outmoded production capacity was imperative to transform the economic growth pattern, boost economic growth quality and fight the global downturn, said the statement issued after a State Council executive meeting chaired by Premier Wen Jiabao.Eliminating outdated production capacity was also necessary to promote energy efficiency and emissions cuts and address global climate change, the statement said.China had made positive progress in eliminating outdated production capacity, but the proportion of outdated capacity was still too high in certain key fields, said the statement.The problems should be tackled through the law, economics, technology and necessary administrative methods.The State Council discussed specific targets to eliminate outdated capacity in fields such as electricity, coal, coke, ferroalloy, calcium carbide, iron and steel, non-ferrous metals, construction materials and light industry and textile industry.To realize the targets, efforts should be made to improve market admission requirements, use market mechanisms, strengthen law enforcement, promote stimulus mechanisms and step up supervision, according to the decision reached at the meeting.
BEIJING, March 12 (Xinhua) -- Chinese lawmakers and political advisors from Tibet and Xinjiang said Friday that cultural and religious freedom is fully respected and protected according to law in the two ethnic regions, fighting back against an annual U.S. human rights report."If you go to Tibet, you will find scripture halls or shrines in almost all believers' families, and see prayer banners or cairns of stones with scripture texts almost everywhere," Padma Choling, chairman of southwest China's Tibet Autonomous Regional Government, told Xinhua on the sidelines of the ongoing annual session of the country's top legislature, the National People's Congress (NPC), in Beijing."Monasteries in Tibet are always thronged with believers turning the prayer wheels or paying homage to Buddha. Every year, more than 1 million worshippers make the pilgrimage to the regional capital Lhasa," he said.The central government has allocated 700 million yuan (103 million U.S. dollars) and a great deal of gold and silver since 1980s for the maintenance of monasteries in Tibet, he said.Currently, Tibet has more than 1,700 religious venues and 46,000 monks and nuns, whose religious beliefs are well protected by law, he said.NPC deputy Dawa Tashi, commissioner of Tibet's Ali Prefecture, dismissed the "cultural repression" in the U.S. report.He said in the old days, only the upper class nobles and monks were entitled to learn Tibetan language, but the serfs who accounted for 95 percent of the Tibet's population had no such right."After the peaceful liberation of Tibet in 1951, the central government ensured the Tibetan people's right to learn Tibetan language and Chinese language through legislation," he said.Dawa Tashi also pointed out that it is very "funny" for the U.S. State Department to say in the report "Tibetans repatriated from Nepal reportedly suffered torture, including electric shocks, exposure to cold and severe beatings, and were forced to perform heavy physical labor.""Ali Prefecture shares a long border line with India and Nepal, and it is true that there are some people who illegally cross the border," he said."But when they are caught, they will be handled in strict accordance with law. The fact is that they will not suffer electric shocks or else; on the contrary, we will arrange accommodation and vehicles for them to be sent home," he said."The report is utterly groundless. I strongly advise those who wrote the report visit Tibet personally before drawing a conclusion," said Lhagba Puncog, secretary-general of the Beijing-based China Tibetology Research Center.As a scholar from the Tibetan ethnic group, Lhagba Puncog goes back to Tibet for research for two months every year."I witness the increasing improvement in the living standards of Tibetan people, and they fully enjoy freedom of religious beliefs," he told Xinhua on the sidelines of the annual session of the country's top political advisory body, or the Chinese People's Political Consultative Conference (CPPCC) National Committee.Local government statistics showed that Tibet's gross domestic product (GDP) reached 43.7 billion yuan in 2009, up 170 percent from that in 2000 and posting an annual growth of 12.3 percent over the past nine years.Berkri Mamut, a CPPCC member and director of Shanshan County Islamic Association in Xinjiang, Muslims can practice their religion normally."They can freely attend religious service in mosques or practice fasting during the Muslim holy month of Ramadan," he said."Every year, the government will help make arrangements for about 12,000 Muslims nationwide who go to the holy city Mecca for hajj, of which almost 5,000 are form Xinjiang," he said."It is ridiculous to say there is 'cultural and religious repression' in Xinjiang," he added.NPC deputy Jume Tahir, vice president of the Xinjiang Islamic Association, said the U.S. report distorts facts in Xinjiang's religious activities."Every day, many people come to my mosque for praying. I myself was elected NPC deputy to participate in the management of state affairs. That is the fact," said Jume Tahir, also Imam of the Id Kah Mosque, the largest of its kind in China, in the border city of Kashgar.Yiliduosi Aihetamofu, a CPPCC member and a physician of Tatar ethnic group from the No. 1 Hospital affiliated to the Xinjiang Medical University, said what he has seen in Xinjiang is the fast economic development and improvement of people's lives."We Tatar people has a population of less than 5,000, but our cultural traditions have been preserved well," he said.
BEIJING, Feb. 3 (Xinhua) -- Chinese economists are again concerned about the value of the country's dollar-denominated assets after the U.S. government's budget plan unveiled Monday forecast a record deficit for 2010.The economists are worried that, if the Congress approved the budget plan, the U.S. federal government will issue more bonds and print more money to finance the deficit, which may prompt dollar depreciation. Dollar depreciation erodes the value of China's holdings of dollar-denominated assets.The same fears took hold almost one year ago when the U.S. government said it would issue up to 2.56 trillion U.S. dollars of treasury bond debt to stimulate the economy to get through the recession.This time the budget deficit is larger. The Obama administration on Monday proposed a budget of 3.83 trillion U.S. dollars for fiscal year 2011 with a forecast deficit of 1.56 trillion U.S. dollars in 2010.The planned fiscal deficit is 10.6 percent of gross domestic product (GDP) - up from a 9.9 percent share in 2009 - the largest deficit as measured against GDP since the second world war.He Maochun, director of the Center for Economic Diplomacy Studies at Tsinghua University, said the deficit would be financed by those holding U.S. dollar-denominated assets with the main channel to transfer the risks caused by the deficit being the issuance of U.S. treasury bonds.The U.S. is already in enormous debt, with Treasury data showing public debt topping 12 trillion U.S. dollars in November last year, the highest ever.To pay for the deficit, the U.S. federal government will borrow 392 billion dollars in the January to March quarter of 2010, according to a Treasury Department statement released Monday. It will then issue 268 billion U.S. dollars of treasury bonds in the second quarter.Experts said the record deficit suggests the federal reserve will continue to flood more money into the market. The massive issuance of treasury bonds, the large fiscal deficit and the printing of the dollar will prompt further declines in the value of dollar, they said.In 2009, the greenback depreciated against major currencies by 8.5 percent, according to China's State Administration of Foreign Exchange (SAFE).China is the biggest foreign holder of the U.S. government debt. As of the end of November last year, China held 789.6 billion U.S. dollars of U.S. treasury bonds. Moreover, more than 60 percent of China's 2.399 trillion U.S. dollar stockpile of foreign exchange reserves - the world's largest - is in dollars.Cao Honghui, director of the Financial Market Research Office of the Chinese Academy of Social Sciences (CASS), a government think tank, said the massive U.S. deficit spending and near-zero interest rates would erode the value of U.S. bonds.The U.S. government should not transfer the problems of enormous debt to other nations or regions that are creditors like China, he added.The SAFE said in a statement in December 2009 that China would diversify its foreign exchange reserve holdings - both currencies and securities - to reduce risk.Liu Yuhui, an economist with the CASS, said late last month China may scale back its purchases of U.S. debt on concern the dollar will decline.China trimmed its holdings of U.S. government debt by 9.3 billion U.S. dollars in November last year - the biggest cut in five months - taking them down to 789.6 billion U.S. dollars.Ding Zhijie, associate dean at the finance school at the University of International Business and Economics, said China had been securing its investment value by using its foreign exchange reserves for imports and acquisition in 2009."More reserves should be used for investment in materials and resources, which can reduce the risk," he said, adding that he expects the purchasing spree to continue this year.The deficit is expected to ease slightly to 1.3 trillion U.S. dollars in 2011, but that still represents 8.3 percent of 2011 GDP.But Ding said it is necessary for the U.S. to keep its powerful fiscal stimulus policy in place, as the economic recovery is fragile and remains uncertain.The U.S. economy shrank 2.4 percent in 2009, but the U.S. government is projecting GDP growth of 2.7 percent in 2010 and an unemployment rate average of 10 percent.Zuo Xiaolei, chief economist at China Galaxy Securities, said the U.S. had no choice but to rely on massive government spending to ensure the economic recovery.The budget deficit will pump money into the economy and generate jobs, which in turn will generate greater tax revenue that can help pay off the debt, Zuo said."But there is still a risk the policy will fail and that debt will grow beyond the government's ability to pay," in which case the entire global recovery will be threatened.
VLADIVOSTOK, Russia, March 21 (Xinhua) -- Visiting Chinese Vice President Xi Jinping Sunday encouraged Chinese and Russian youths to make joint efforts in helping push forward the friendly bilateral ties.Xi, during his visit to the Confucius Institute of Far Eastern National University here, called on youths of the two countries to realize the aim with their youthful passion and wisdom.At the institute, which was founded in 2006, Xi watched an exhibition showing its achievement, attended a Chinese calligraphy lesson taken by Russian students, and inaugurated a bronze statue of Confucius.Xi also paid a visit to the "Ocean" all Russia children's center, where hundreds of Chinese pupils and middle-school students, victims of a devastating major earthquake in 2008, had attended a rehabilitation program.The massive earthquake struck southwestern China's Sichuan, Shaanxi and Gansu provinces on May 12, 2008, leaving some 70,000 people dead and 18,000 others missing.Xi recalled that the Russian government and people provided timely assistance to victims of the quake and President Dmitry Medvedev later invited more than 1,500 Chinese pupils and middle-school students from the quake-hit areas to Russia for rehabilitation.The Chinese vice president conveyed the sincere greetings and best wishes of these Chinese children to their Russian peers in the center, and, on behalf of the Chinese government and people, expressed his heartfelt thanks to the staff of the center.Xi said Chinese and Russian youths are the builders and successors of the future undertaking of the Sino-Russia friendship.He said the "Year of Chinese Language" would open in Russia in several days, expressing his hope that Russian youths would actively take part in related activities, and learn Chinese language, history and culture.Xi arrived in Vladivostok Saturday for a five-day official visit to Russia.
BEIJING, Feb. 25 (Xinhua) -- Chinese police had cracked 210 online gambling crimes and arrested 918 suspects in the 13 days ending Feb. 20, an official with the Ministry of Public Security (MPS) said Wednesday.Gu Jian, vice director of the bureau of cyber security under the ministry, said the ministry also cracked another 122 less severe cases and punished 351 people in the same period.He did not provide further details about the cases.Eight Party departments, government ministries and financial regulatory bodies including the MPS and the People's Bank of China, jointly launched a seven-month-long nationwide campaign to curb online gambling on Feb. 8.The campaign, according to an earlier statement from the MPS, targets "major and severe cases, and would arrest domestic and foreign groups that organize online gambling and severely punish the offenders."Online gambling has seriously disturbed social and economic order, and has drawn strong complaints from the public, Gu said.