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BEIJING, Oct. 23 (Xinhua) -- China's Ministry of Finance (MOF) announced Friday it would sell 28 billion yuan (4.2 billion U.S. dollars) of book-entry discount treasury bonds from next Monday.The bonds would be sold at a discount and mature at face value, said the ministry in a statement on its website.With a term of 91 days, the issue price of the discount bonds would be 99.542 yuan, said the statement.The bonds will be sold from Oct. 25 to 27 and become tradable on inter-bank and securities bond markets on Oct. 29.The issue is the 14th batch of its kind this year.
BEIJING, Sept. 15 (Xinhua) -- China on Wednesday vowed to boost military cooperation with Thailand. China and Thailand had conducted friendly and fruitful cooperation in the political and economic areas, said Chinese Defense Minister Liang Guanglie when meeting with Air Chief Marshal Itthaporn Subhawong, Commander-in-Chief of the Royal Thai Air Force.Liang said relations between the Chinese and Thai armed forces had developed well with frequent high-level visits and expanded cooperation. Chinese Defense Minister Liang Guanglie (R) meets with Air Chief Marshal Itthaporn Subhawong, commander-in-chief of the Royal Thai Air Force, in Beijing, capital of China, Sept. 15, 2010.Itthaporn's visit would certainly help promote the development of China-Thailand relations and military ties, in particular the friendly cooperation between the air forces of the two countries, Liang said.Itthaporn said Thailand was devoted to boosting strategic cooperative relations with China and would like to further strengthen their military exchanges and cooperation.

Urumqi, Sept. 14 (Xinhua) -- Senior Chinese leader Li Changchun has urged northwestern Xinjiang region to make more efforts to achieve leapfrog development in both economy and people's standards of living, while ensuring ethnic unity.Li, a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, made the remarks during his inspection in northwestern Xinjiang Uygur Autonomous Region from Sept. 10 to 14.While visiting Horgas, reportedly the largest trucking hub along the northwestern border, Li urged local officials to take full advantage of the trucking hub's geological location and further expand.Li Changchun (2nd L), a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China, talks with local residents in Yining, northwest China's Xinjiang Uygur Autonomous Region, Sept. 11, 2010. Li made an inspection tour in Xinjiang from Sept. 10 to 14.Li expressed his hope that Horgas would become a pilot area for trade and investment as the country is seeking further development westward.During his inspections of various companies, Li urged business officials to expand businesses and make greater efforts to become world-famous enterprises by developing core technologies and independent brands.Also, Li visited a community, in the city of Yining, where residents of 12 ethnic groups live in harmony."Ethnic unity is the basic life line for people in Xinjiang, and is also a key guarantee for Xinjiang's prosperous development," Li said, stressing that local people should cherish ethnic unity as they cherish their eyes.Additionally, Li called for a series of "outstanding" cultural products to meet the demands of local people and urged them to push forward the construction of a public cultural service system.
BEIJING, Oct. 20 (Xinhua) - China's State Council, or the Cabinet, unveiled a set of guidelines Wednesday, aiming at helping reconstruction work in landslide-hit Zhouqu County in Gansu Province.The guidelines affect taxation, finance, education and employment policies in the region which was devastated by the massive mudslide on Aug. 8.The document clarified that funds for the reconstruction would come primarily from central government subsidies.It said that priority would be given to rebuild damaged residential houses, public services, infrastructure and prevent the spreading of diseases.It specified tax reduction measures for enterprises and individuals who had organized and collected donations, and encouraged banks and financial institutions to increase loans to the mudslide-hit areas.Land required for housing, infrastructure and reconstructing public facilities will be allocated by the local government, according to the document.Local governments or universities have also been directed to financially assist Zhouqu-born college students, while high-school students in the landslide-affected areas have been exempted from paying tuition fees, the document said.A massive mudslide triggered by rainstorms slammed Zhouqu county in northwest China's Gansu Province on Aug. 8, leaving 1,472 dead, 294 missing and more than 15,000 people homeless.
TIANJIN, Sept. 13 (Xinhua) -- Chinese Premier Wen Jiabao on Monday stressed the importance of scientific innovation in the process of shifting from "made in China" to "created in China".Wen met with entrepreneurs and answered their questions on the sidelines of the World Economic Forum (WEF) Annual Meeting of the New Champions 2010, or the Summer Davos, being held in north China's port city of Tianjin.Wen said transforming the economic growth mode through developing Chinese creation and service was a key issue if the Chinese economy was to keep a balanced, coordinated and sustainable growth.Chinese Premier Wen Jiabao speaks at the symposium to entrepreneurs attending the fourth Summer Davos forum, or the Annual Meeting of the New Champions 2010, in north China's Tianjin Municipality, Sept. 13, 2010. The premier said China would make great efforts to develop science and education, transform traditional industries through high-tech and give priority to the development of emerging industries such as energy saving, environmental protection, information and advanced manufacturing.PEOPLE'S LIVELIHOODHe said the country would seriously tackle the problem of social equality and justice through measures of tax reforms and income distribution.People should clearly realize that China is still a developing nation, he said, stressing that it was fully necessary to increase investment in sectors of food and construction, which would help improve people's lives in future.Wen also asked people to realize that Chinese people's livelihood had been improved step by step.Statistics showed that Chinese people's wage income grew 11.2 percent from 2007 to 2009, two percentage points higher than the GDP growth of that period.Wen noted that in China, labor costs are largely low, and they need a reasonable rise. But for most of the Chinese employees, the top priority is to find a job, while wage level is the second major concern.Therefore, the rise in wage should be kept at a reasonable level, so as to maintain the competitiveness of our industries, Wen said."Besides, we should understand that the rise in wage should be in line with the advance of labor productivity," he said.
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