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TAIYUAN, May 15 (Xinhua) -- China's police chief urged local authorities to mobilize social forces to secure a safe environment for kids after a series of attacks on students over the past two months.Meng Jianzhu, minister of public security, made the call during his visit to kindergartens and primary schools in northern Shanxi Province from Thursday to Saturday.To protect the safety of children is the primary task of schools, but also a common responsibility of the whole society, Meng said, urging the mobilization of social forces to ensure security in kindergartens and schools. A policeman stands guard as pupils leave the school in Hanzhong City of northwest China's Shaanxi Province, May 14, 2010. A string of school attacks shocked China in recent weeks. Police have been ordered to beef up security at school compounds and nearby residential communitiesEfforts should be made especially to ensure security in schools in remote areas so that "every kid is safe when they are in school," Meng said.He also urged local officials to care for the needy groups.Brutal attacks on children over the last two months in China have left 17 killed and scores injured. In the latest atrocity, a 58-year-old man killed seven children and two women with a meat cleaver at a kindergarten in northwestern Shaanxi Province on May 12.
BEIJING, May 3 -- Ma Weihua, president and chief executive officer of China Merchants Bank (CMB), said he wanted to see Chinese banks elevate their level of globalization in the context of expedited overseas expansion of Chinese companies during his bank's recent road show in the United States. He said CMB would pursue this process ambitiously but cautiously.The bank is soon to relocate its night-shift foreign exchange trading team to its New York branch, which was established in 2008, and will move on to security trading as well in the future, according to Ma during a group interview. The branch is also working on consolidating its dollar settlement business."What I'm concerned about right now is to first have my New York branch familiarized with the US market, customers and rules as soon as possible so I can expand the business steadily," Ma told the audience at a recent speech at New York University's Leonard N. Stern School of Business. "We won't consider faster expansion until we have secured our position here."Because of policy restrictions, CMB and other Chinese banks are only able to provide very limited services overseas for now. Retail banking, which CMB is best at, is still being constrained in its New York branch, its first branch in the West. But the bank is eyeing up other opportunities.The branch is attaching increasing importance to the loan business for Chinese companies during their overseas merger and acquisition activities. It just completed a big deal for a Chinese State-owned conglomerate but declined to reveal its name."The most fundamental motive to globalize our bank is to support Chinese companies' overseas growth and to provide the same quality service for foreign companies as well when they come to China," Ma said.According to Ma, over the past five years, Chinese companies' overseas direct investment saw an annual increase of 60 percent and their non-financial overseas investment grew by 68.5 percent year-on-year.In comparison, overseas assets only make up less than 4 percent of Chinese banks' total assets, while in large banks in Europe and the US, the proportion is about 40 percent, he said.
SIRTE, Libya, March 27 (Xinhua) -- China expects that the Arab summit in Libya can coordinate the inter-Arab relations and make achievements in the Palestinian cause, a senior Chinese diplomat said here on Saturday."We hope the Arab countries could coordinate internal relations and achieve positive results in reconciliation among Palestinian factions as well as the resumption of Palestinian-Israeli talks at the summit," said China's Special Envoy to Middle East Wu Sike in an interview with Xinhua on the sidelines of the 22nd Arab Summit in the Libyan city of Sirte.As a special representative of Chinese Foreign Minister Yang Jiechi, Wu attended the opening ceremony of the summit at the invitation of the Arab League Secretariat. He transmitted a letter of Chinese President Hu Jintao to the Arab leaders."I will convey a strong message of China that we attach great importance to relations with the Arab world, and wish to promote further developments of such relations in the future," Wu said.Wu said China and the Arab world have a long history of friendly relationship. Since the founding of the China-Arab Cooperation Forum, the two sides have seen considerable progress made in the fields of political, economical and cultural exchanges as well as energy and environmental cooperation, and more than 10 mechanisms on exchange and cooperation have been established."China-Arab Cooperation Forum has become a successful brand," said Wu.Wu said before coming to Libya, he participated in a reception in Beijing together with Arab diplomats to celebrate the 65th anniversary of the establishment of the Arab League. These ambassadors and representatives highly appreciated the relationship between China and the Arab countries.Wu also said he would brief the Arab League headquarters and Arab foreign ministers on China's preparatory work for the foreign ministers meeting under the mechanism of the China-Arab Cooperation Forum to be held in May and convey the invitation of Chinese Foreign Minister Yang Jiechi.Asked about the Palestinian issue, Wu said "As a friend of the Arab world and the Palestinian people, China is very concerned about the Palestinian-Israeli conflict and has made unremitting efforts to push the issue solved through political negotiations."To achieve a comprehensive settlement of the Middle East issue and establish an independent Palestinian state are China's consistent position, he added."There are some new developments of this issue, and China has been in contact with concerned parties to promote the peace process," he said.The annual Arab summit opened here earlier in the day. The two- day gathering will focus on a package of issues facing the Arab leaders, including rescuing East Jerusalem from Israeli violation, the reconciliation of the Arab world and the Iranian nuclear issue.
CHONGQING, May 19 (Xinhua) -- Four miners are missing after a coal mine collapsed in southwest China's Chongqing Municipality Wednesday, local authorities said.Five miners were working underground when the coal bed at the Xiaowan Coal Mine collapsed at around 1 p.m. Wednesday in Zhonggang Town, Wuxi County.One miner was lifted to the ground unhurt.Rescuers are searching for the missing miners.
GENEVA, May 31 (Xinhua) -- China will continue its economic opening-up policy and it stands ready to join hands with other countries to overcome the global economic difficulties, a senior Chinese official said here on Monday."We firmly believe that opening-up will generate unlimited vitality for trade as well as dynamism for economic growth. Under no circumstances will China change its opening-up policy," said Yi Xiaozhun, China's vice minister of commerce.Addressing a WTO session reviewing China's trade policies in the past two years, Yi said his country was still going through a period of rapid industrialization and urbanization, a process that "will unleash enormous demand for investment and consumption.""It is predicted that China's total imports will exceed 7 trillion U.S. dollars in the next five years," Yi told delegates from the world trade body's 153 members.According to the official, many uncertainties still exist in the global economy, with major developed countries still in slow recovery and the international money and bond markets haunted by potential crisis.In the meanwhile, China, which suffered severe impacts by both natural disasters and the global economic crisis, still faces a big challenge in creating jobs at home."China still has 150 million people living in poverty. We have to create jobs not only for 30 million unemployed people registered in cities, but also over 20 million people newly added to the working population every year," Yi said."Nevertheless, China is ready to join hands with other countries to overcome the difficulties," he added.The official reiterated that "China firmly supports multilateralism and always regards the multilateral trading system as the cornerstone of its trade policy."He also called for a successful conclusion of the long-stalled Doha Round trade negotiations, as it "is of great significance to realize rebound of the global economy and resist trade protectionism.""China stands ready to make joint efforts with other members to conclude the Doha Round with an outcome that is comprehensive and balanced, delivering its development mandate," he said.