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BEIJING, Nov. 20 (Xinhua) -- China has been studying a fuel tax reform to replace the current road tolls imposed upon vehicles, the National Development and Reform Commission (NDRC), the country's top economic planner, announced here on Thursday.     The announcement came after media reports said on Wednesday that the government was likely to impose the fuel tax as early as next month.     The NDRC together with the Ministry of Finance and the Ministry of Transport has jointly held discussions on related issues including abolishing road and waterway maintenance fees, lowering refined oil prices and improving the fuel pricing system.     The planner didn't specify when to launch the long-awaited reform.     The introduction of a fuel tax in China was first proposed in 1994 but has been delayed amid concerns that it would impose too great a burden on those who consumed more oil.     The government has instead collected road maintenance fees from automobile users regardless of how much gasoline or diesel oil they use.     Analysts said the on-going oil price drop presented a good opportunity for China to resume its fuel tax reform.     World crude oil prices fell to the current 53.62 U.S. dollars, down more than 60 percent from the peak price of 147 U.S. dollars in mid-July.

BEIJING, Oct. 31 (Xinhua) -- Chinese shares dropped 1.97 percent on Friday, the month's last trading day.     The benchmark Shanghai Composite Index lost 1.97 percent, or 34.82 points, to close at 1,728.79. The Shenzhen index was down 1.19 percent, or 70.33 points, to close at 5,839.33 points.     The combined turnover was 35.23 billion yuan (5.03 billion U.S.dollars), compared with 49.35 billion yuan on the previous trading day. Losses outnumbered gains by 656 to 199 in Shanghai and 576 to151 in Shenzhen.     Almost all sectors fell except industries related to aircraft making after the Commercial Aircraft Corporation of China Ltd. (CACC) announced Chinese indigenous regional jets would be sold to the United States, analysts said. CACC is not a publicly traded company.     Coal companies suffered the most losses. Kailuan Clean Coal Co.lost 7.21 percent to 10.3 yuan. Taiyuan Coal Gasification Company fell 4.34 percent to 7.50 yuan.     "I don't think the fall was related to recent mine accidents. It was a reflection of diminishing global energy demand," said Alex Xue, analyst with JL McGregor & Company.     The finance sector also dropped by an average of 3 percent. CITIC securities lost 2.46 percent to 17.84 yuan. Bank of Communications fell 4.20 percent to 4.33 yuan.     According to estimates from Friday's China Securities News, third-quarter profits of the country's 1,466 listed companies would fall 10.17 percent from the same period a year ago and 18.41 percent from the previous month to 206.09 billion yuan.     Operating net cash flow fell 51.75 percent to 827.4 billion yuan in the first three quarters. Analysts said rising material costs and weakening demand led to slumping profits.     The country's industrial output value growth slowed to 11.4 percent in September, the lowest rate since April 2002, the National Development and Reform Commission said on Thursday.     Despite the latest rate cut, which was viewed as helpful to stabilizing the stock market, analysts said the market could possibly continue falling. The long-term affects from the rate cut are yet to been seen.

BEIJING, Oct. 22 (Xinhua) - Chinese Premier Wen Jiabao and visiting Danish Prime Minister Anders Fogh Rasmussen on Wednesday agreed to establish comprehensive strategic partnership between the two nations.     Wen told Rasmussen during their talks that both sides shared strong desire to lift the level of the bilateral mutually-beneficial cooperation, since the Sino-Danish relations had become more mature after experiencing 58 years' development.     Denmark was one of the first western nations to recognize the People's Republic of China, and the two peoples enjoyed profound friendship, Wen noted.     China applauded Denmark's adherence to one-China policy, and was ready to work with the country to increase mutual trust, expand cooperation in science, technology, environmental protection, energy, innovation, culture and other areas, he said. Chinese Premier Wen Jiabao (3rd L back) and Denish Prime Minister Anders Fogh Rasmussen (2nd L back) attend the signing ceremony between the two countries in Beijing, capital of China, Oct. 22, 2008    The premier hoped that the two nations would improve their capacity of promoting economic growth and resisting risks through the increase of bilateral cooperation.     China paid high attention to the 15th Conference of the Parties of the United Nations Framework Convention on Climate Change in Copenhagen next year, Wen said, noting that China would, in line with the principles of common but differentiated responsibilities, make efforts to push forward related international cooperation in this area to achieve positive progress.     Rasmussen said Denmark attached great importance to building the comprehensive strategic partnership with China, and hoped to enhance the bilateral cooperation in environment, renewable energy resources, education, research and other fields.     Denmark was ready to strengthen cooperation with China to jointly safeguard the stability of the international financial market, the prime minister said.     The country would also increase cooperation with China in response to climate change, he noted.     The two nations signed documents to enhance bilateral cooperation in climate change, renewable energy resources, science, technology and innovation. The two prime ministers attended the signing ceremony of the agreements.     Rasmussen was here for a six-day official visit to China and for the seventh Asia-Europe Meeting scheduled for Oct. 24-25.

BEIJING, Jan. 4 (Xinhua) -- Chinese President Hu Jintao on Sunday spoke over telephone with his U.S. counterpart George W. Bush about bilateral relations and major international issues of common concern.     The two leaders exchanged congratulations on achievements that have been made in the development of bilateral relations since the forging of diplomatic ties between China and the U.S. 30 years ago.     They expressed the hope that a series of events to mark the 30th anniversary of the establishment of diplomatic relations would be successful.     President Hu agreed with Bush's positive remarks on China-U.S. relations and hailed his efforts to develop a constructive and cooperative Sino-U.S. relationship.     In the new historical period of time, China and the United States, through their joint efforts, will surely be able to stay firm in the general direction of the China-U.S. constructive and cooperative relationship and promote sound, stable, all-round and in-depth development of bilateral ties, Hu noted.     Bush, for his part, said China and the United States have engaged in good cooperation over the past 30 years which deserves congratulation.     The U.S. president said he was pleased that he has conducted satisfactory cooperation with President Hu during his presidency.     On the Middle East situation, Hu said China is seriously concerned about escalation of the Palestinian-Israeli conflict and worsening of the volatile situation in the Middle East and is deeply worried about the humanitarian crisis taking place in the Gaza Strip.     China calls on all the parties concerned to stop military operation and armed conflicts, promote the relaxation of tension in the region and create conditions for a solution to the conflict by political means, Hu said.

This undated photo shows Chinese President Hu Jintao (front,C) visits the Shenyang Blower Works Group Co., Ltd. in northeast China's Liaoning Province. Hu inspected the province from Dec. 12 to Dec. 14, 2008.    SHENYANG, Dec. 14 (Xinhua) -- Chinese President Hu Jintao called for maintaining a stable and healthy economic growth amid the challenges in industrial restructuring, export, employment and people's lives during his visit to northeast Liaoning Province from Friday to Sunday.     Hu paid a visit to Liaoning, a center of heavy industries, after the annual Central Economic Work Conference, setting the tone for next year's economic development, closed on Wednesday.     "Our top economic target next year is to maintain a stable and healthy growth," he said at a meeting with the provincial officials. "We should be clear about the serious challenges and difficulties from home and abroad but also realize the great opportunities and favorable conditions in it."     He listed several works the country would do, such as to seriously implement macroeconomic policy, to boost economic restructuring, to greatly enhance capacities for independent innovations, to control pollution and protect the environment and to deepen the reform and opening-up.     Hu also stressed that to maintain social stability was very important when the economic development faced some problems.     During his visit here, the president paid visits to three large state-owned enterprises.     At a new assembly line of Angang Steel Co. Ltd., the first steel producer founded by the People's Republic of China, Hu inquired about its business perspective.     "As a leading company in our steel industry, we hope you to take the advantage of your technology and scale to contribute to the country's economic growth," he said.     Hu expected these state-owned enterprises to focus more on research and development so that they could develop more core technologies, maintain a technical advantage and catch up with the world leading level.     Export-oriented enterprises were widely affected by the global financial crisis.     The president was concerned about their conditions and visited two companies during his stay here.     Visiting a joint venture clothing manufacturer in Yingkou city of Liaoning, he learned that the number of overseas orders it received for next year dropped month after month.     "I hope you to be more confident in face of difficulties," he said. "While maintaining the traditional markets (Europe and U.S.A.), you may try to explore new markets."     At Shenyang Yuanda Aluminium Industry Engineering Co. Ltd, Hu was glad to learn that the company's revenue reported a year-on-year rise of 72 percent in the first ten months this year and the value of overseas orders increased by 1.5 times.     "This was very rare and commendable in a shrinking international market," he said. "I hope you to continue the strategy to win clients through quality products." This undated photo shows Chinese President Hu Jintao (C) talks with a job provider at the human resource market of Shenyang, capital of northeast China's Liaoning Province. Hu inspected the province from Dec. 12 to Dec. 14, 2008.    Hu inspected an metal research institute and a high-tech company during his visit, to show the importance the central government paid to enhancing the capacities for independent innovations.     The Institute of Metal Research under the Chinese Academy of Sciences had an outstanding lab on titanium alloy research and SIASUN Robot & Automation Co. Ltd. was a national research center on Robotics, as well as a base for its industrialization.     The president also expressed great concerns about common people's lives under a condition of economic slowdown.     "Next year's employment market will be very serious, affected by the international financial crisis," Hu said upon visiting an employment service organization.     The country would adopt a "even more active" policy to increase employment, he said, adding that all staff in employment service should work harder.     In a renewed residence community, Hu dropped in the apartment of a retired worker Wan Fu.     In the past three years, 52 new apartment buildings have replaced small and shabby cabins in this community, home to 2,200 families including Wan's. This undated photo shows Chinese President Hu Jintao (2nd,L) talks with an old couple, who just moved into their new house following a residence-rebuild project, in Yingkou of northeast China's Liaoning Province. Hu inspected the province from Dec. 12 to Dec. 14, 2008.     Wan used to live in a 40-square-meter cabin with seven family members but now in a 54-square-meter new apartment only with his wife. Both his sons have new apartments as well.     "The apartment is comfortable, warm and convenient," he told the president. "To buy this apartment, we did not have to borrow any money, but just with our savings."     "The harder the economic situation is, the more attention we should pay to people's lives. The central government has decided to invest more in public service," Hu said.     He promised that more people like Wan would move into new homes and retired workers would have higher pension.