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BEIJING, July 4 (Xinhua) -- Chinese Vice Premier Li Keqiang Saturday urged efforts to better use geographic information so as to better serve the country's economic and social development. Li made the remarks when attending an exhibition on maps and the achievements of China's geographic information application. The exploration and application of geographic information and mapping since China launched its reform and opening-up policy in 1978 had played an important role in promoting the country's development, he said. It has benefited sectors including urban and rural planning, land resources administration, environmental protection, quake-relief and national defense, according to Li. He urged efforts to build a system of mapping and surveying in an information age and strengthen the capacity of mapping and surveying in providing service for the country's modernization drive. The industry of geographic information should be expanded and meet multi-level and diversified market demands so as to better serve society and the people, he said. Li also urged scientific researchers to embrace innovation in their work so as to produce more high-quality surveying and mapping instruments.
BEIJING, May 17 (Xinhua) -- Chinese military authorities pledged Sunday to tighten supervision on senior and middle ranking officers, through strict punishment in cases of breach of duty and regular inspection of their work. The military will adopt a strict system to investigate and punish senior officers for breaching duty or making mistakes, said a circular issued by the Central Military Commission (CMC) on Sunday. The document, approved by CMC Chairman Hu Jintao, said it will also introduce a system of accountability by regular inspection on the work of officers at army corps level. Military units higher than regiment level of the People's Liberation Army must review the work of their commanding officers at least once a year, it added. Commanding officers from regiment to army corps levels are usually regarded as middle and senior ranking PLA officers. It will tighten inspection on senior officers to see whether they strictly follow the military disciplines and show loyalty to the Communist Party of China. The circular called on the officers to keep a communist nature. "In the face of a complicated ideological situation, senior military officers must stick to their faith and keep a firm political stance," it said. They should devote themselves to building up the country's military capacity to win local wars in the information age, it said. The document said that the supervision and inspection will focus on any examples of extravagance and waste by military officers.
BEIJING, June 10 (Xinhua) -- China is ready to end a de facto suspension of initial public offerings (IPOs) on the Shanghai and Shenzhen stock exchanges, after the securities regulator unveiled Wednesday the final guidelines for new IPOs. The China Securities Regulatory Commission (CSRC) said the guidelines would take effect Thursday. An unidentified CSRC spokesman said the commission will give approvals to applying firms any time after the guidelines become effective. The commission announced draft guidelines on May 22 to solicit public opinions till June 5. The new guidelines aim to improve the price discovery function of the stock market, and help retail investors subscribe to newly issued stocks. The draft said the quotation system for new issues should be revised so that issue prices faithfully reflect market demand, and lead underwriters should take steps to avoid "unreasonably" high prices. Under the new rules, stock subscribers need to use either the online or off-line subscription system, but not both, to purchase new stocks. Institutional investors used to enjoy the privilege of subscribing through both systems, while retail investors could use only the off-line system. Three revisions were made to the draft to follow public advices that the commission deemed reasonable. The final version said a single investor is refined to use one account only to purchase new stocks, as some institutional investors have multiple accounts. The revision is aimed to help more smaller investors get access to new stocks. In addition, the commission said it would consider to increase the number of tradable stocks in response to suggestions the lock-down of too many stocks would do no good to curb speculation. However, the spokesperson said shares lock-down of large shareholders would remain in place, as it is aimed to prevent frequent changes in managerial staff that could jeopardize a firm's operation and create risks and the practice is followed on many overseas markets. The commission also added the content about improving the "clawback" and the offering suspension mechanisms upon requests of the public. The "clawback" mechanism is used in the event that the deal is subscribed by 100 times or more. The CSRC effectively suspended all new stock issues last September, as it halted approvals. Since then the stock market has plunged more than 50 percent from its peak 6124.04 in October 2007,compared to Wednesday's closing. The CSRC spokesman anticipated that the first few new IPOs may not be satisfactory (in boosting the market), but he believed that the goals of the new guidelines could be achieved over time, which would play a positive role in boosting the market in the long run. A total of 32 firms are on the waiting list to launch their IPOs on the A-share market, expecting to issue a combined more than 14 billion shares. China State Construction Engineering Corp. is expected to issue12 billion shares.
GENEVA, April 22 (Xinhua) -- Close international cooperation is needed to fight all forms of racism and racial discrimination, which is the enemy of the whole human society, a senior Chinese diplomat said here on Wednesday. "China proposes that the international community work closely together to form a strong united front in the fight against racism," said Li Baodong, Chinese ambassador to the United Nations Office in Geneva, in an address to the ongoing Durban Review Conference. Governments should fully recognize the huge damage that racism has caused to various human rights, international security and human development, and pursue actively the policy of "zero tolerance" at both the national and international level, Li told more than 100 delegations participating at the anti-racism conference. The five-day conference, which opened on Monday, is a follow-up meeting to the World Conference against Racism held in Durban, South Africa in 2001. Delegates adopted by consensus a final anti-racism declaration on Tuesday despite the boycott of the meeting by quite a few Western countries, including the United States, citing concerns that the meeting could be used as a forum to criticize Israel. The atmosphere of the conference was also damaged on Monday after dozens of European delegates walked out of the conference room in protest to a speech made by Iranian President Mahmoud Ahmadinejad which likened Israel to a racist regime. According to the Chinese ambassador, countries should enhance dialog and communications to resolve political differences and refrain from creating a breeding ground for hatred. It's of great significance that countries have gathered once again to deliberate on the issue of racism eight years after the holding of the first UN anti-racism conference, he said. Li also stressed the need to further enhance the effectiveness of various mechanisms established after the 2001 conference to address racism, racial discrimination, xenophobia and related intolerance, with a view to achieving better synergy, coordination, coherence and complementarity in their work. In addition, he suggested a renewal or reinforcement of the international definition for racism, as many new forms of racism and racial discrimination are emerging along with the current global financial, food and energy crises as well as the threat of climate change. "The Chinese government is against all forms of racism, and it has been actively engaged in various international anti-racist activities," Li said. "With the opportunity provided by this conference, China is ready to work will all governments and the civil society to create a world free of discrimination, hatred, fear and prejudice," he added.
BEIJING, June 16 (Xinhua) -- China's political advisors were urged to brainstorm on economic development and offer suggestions as the nation copes with the impact of the global downturn. Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), a political advisory body, made the call as the standing committee of the 11thCPPCC National Committee kicked off its sixth meeting Tuesday. Jia said maintaining steady, relatively fast economic development and safeguarding social stability and harmony were the foremost tasks facing the government. He called on the participants to focus their four-day discussions on these themes and make valuable suggestions. The sixth meeting of the Standing Committee of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC) opens in Beijing, capital of China, on March 16, 2009. Vice Premier Li Keqiang briefed the meeting on the economic situation and China's economic and social development. He said with the central authority's decisive coping policies and the concerted efforts nationwide, China's economy was turning for the better. He nevertheless warned of a "complicated and zigzag" recovery process and difficulties ahead, citing the unpredictable world economy. Li also called for full implementation of the central authority's deployment in the next step of the economic work, and laid out directions including boosting domestic demand, accelerating industrial restructuring, developing new energy sources, furthering reform and opening up and raising living standards.