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HEFEI, July 7 (Xinhua) -- Senior Chinese leader Wu Bangguo urges here Tuesday the role of low-carbon economy in the development of east China's Anhui Province. "As the world is focusing on low-carbon economy, we should seize the opportunity by promoting solar, wind and other reproducible energies, providing endless power for the sustainable development of the country's economy," said Wu, a member of the Standing Committee of the Communist Party of China Central Committee Political Bureau, during a visit to Anhui between July 2 and 7. Wu Bangguo (C), a member of the Standing Committee of the Communist Party of China Central Committee Political Bureau and chairman of the Standing Committee of the National People's Congress, visits a plant of Anhui's Conch Group in east China's Anhui Province, July 3, 2009. Wu Bangguo paid a visit to Anhui between July 2 and 7.Wu praised Anhui's Conch Group for growing from a small cement factory to one of the country's largest construction material companies. "The company has been promoting environmental protection by reducing the consumption of coal and the emission of carbon dioxide, which, in return, brought more profitable opportunities for the company," he said. In 2007, Conch began to cooperate with foreign groups in making energy-saving equipment. As of the end of May 2009, Hailuo had sold 96 energy-saving power generators to 20 domestic and foreign cement companies. Wu Bangguo (2nd R), a member of the Standing Committee of the Communist Party of China Central Committee Political Bureau and chairman of the Standing Committee of the National People's Congress, visits the research department of Chery Automobile Co., Ltd. in east China's Anhui Province, July 3, 2009. Wu Bangguo paid a visit to Anhui between July 2 and 7.Wu, also chairman of the Standing Committee of the National People's Congress (NPC), or top legislature, also visited the country's leading automobile maker Chery, headquartered in Anhui'scity of Wuhu. According to sources with Chery, the company is shifting its focus from oil-fueled cars to electric and hybrid-energy vehicles. Under the policy of expanding domestic demand, Chery's sales from January to May achieved a year-on-year rise of 60 percent. "The global financial crisis has brought both challenges and opportunities. While ensuring the steady and rapid economic development, we should also see clearly ahead and change the pressures from the market into momentum." Wu especially stressed the development of the north region of Anhui. Six cities of Fuyang, Bozhou, Huaibei, Huainan, Suzhou and Bengbu are in the north of Anhui. With 46 percent of the province's population, these cities only accounted for 20.4 percent of the province's financial income in 2008. "The north region of Anhui is the country's important food-producing area and coal energy base. Its development considerably affects Anhui's overall situation," Wu added.
BEIJING, June 14 (Xinhua) -- The China Ping An Insurance (Group), which had plans to buy a 22 billion yuan (3.2 billion U.S. dollars) stake in Shenzhen Development Bank (SDB), said Sunday that there are no changes in buying into the bank for the moment. There are no changes in the bank, and the stake purchase aims to improve Ping An's financial service and asset structure, said Zhang Zixin, general manager of the China's second largest insurer via a telephone news conference. Ping An and SDB will operate with their own plans. The management team of the bank will not change right now, according to the Frank Newman, president of SDB, and Richard Jackson, president of the Ping An Bank Co., Ltd. The company said last Friday it would buy 520 million shares from the U.S.-based TPG's Asian arm Newbridge Capital for 11.45 billion yuan by the end of 2010. Newbridge Capital is currently the top shareholder in Shenzhen Development Bank. The Ping An would acquire no more than a 30 percent stake in Shenzhen Development Bank after the two deals, and become the top shareholder instead. The Ping An Group, together with Ping An Life Insurance, currently holds a 4.68 percent stake in Shenzhen Development Bank.

BEIJING, April 24 (Xinhua) -- The People's Liberation Army (PLA) Navy should comprehensively push forward its modernization to constantly enhance its capability to carry out its missions in the new century and new phase, Chinese President Hu Jintao said here Friday. Hu, also chairman of the Central Military Commission, made the remarks when meeting with veteran officers and model soldiers of the PLA Navy Friday night, a day after the 60th anniversary of the founding of the PLA naval force. Hu first paid respects to the veteran officers and model soldiers for their contributions to the development of the navy and extended regards to all members of the navy. Chinese President Hu Jintao (R Front) shakes hands with fighting hero Mai Xiande during his meeting with representatives of veterans, heroes and models of the Navy of the Chinese People's Liberation Army (PLA) in Beijing, capital of China, April 24, 2009, on the occasion of the 60th anniversary of the founding of the PLA Navy. He expressed his hope that these officers and soldiers would continue to play a leading role in contributing wisdom and strength to the navy's development. Through six decades of development, a relatively modern naval force consisting of combined arms had taken shape thanks to the leadership of the Communist Party of China Central Committee, the Central Military Commission, the support of the people, and unremitting efforts by naval officers and soldiers, Hu said. The navy had played an important role in protecting China's sovereignty, national security and territorial integrity, promoting the reform and opening up drive and socialist modernization, and safeguarding world peace and development, he said. The president expressed hope that the navy would achieve further development. Thursday morning, Hu reiterated that the country's military build-up was purely defense-oriented. In a meeting with heads of 29 foreign navy delegations gathered for the PLA Navy's anniversary celebration, Hu pledged that China's armed forces, including the navy, would never be a threat to other nations. China would always be an important force in safeguarding world peace and development, he said. "For now and in the future, China would never seek hegemony, nor would it turn to military expansion or arms races with other nations," he said.
BEIJING, July 10 (Xinhua) -- China's Ministry of Finance (MOF) announced Friday that it will launch two more batches of electronic savings bonds of up to 50 billion yuan (7.32 billion U.S. dollars) since next week. According to the ministry, one batch of the e-savings bonds of 40 billion yuan has a term of three years, with a fixed annual interest rate of 3.73 percent. The other, the five-year e-savings bonds, is worth 10 billion yuan at a fixed annual interest rate of four percent. The two bonds will be issued from July 15 to 31, with interests to be calculated from July 15 and paid annually, said the ministry in a statement on its website. These bonds are open to only individual investors, the MOF said. Compared with other types of bonds, the e-savings bond is seen as more convenient for investors. For example, the interest can bepaid through direct deposit into the investor's account. This is the second time the ministry launches this kind of bond this year, with the first issuance of two batches of e-savings bonds in April. The ministry also said it would issue two batches of book-entry treasury bonds next week with a face value of 12.48 billion yuan and 12.65 billion yuan each. One with the face value of 12.48 billion yuan has a term of 91 days, and the issue price, set by competitive bidding, was 99.72 yuan for a face value of 100 yuan. In this sense, the annual yield will be 1.15 percent, the ministry said. The other has a term of 273 days, and the issue price was set at 99.077 yuan for 100 yuan, with an annual yield of 1.25 percent. The ministry said the book-entry T-bonds will be sold from July 13 to July 15. Trading of the bonds will begin July 17.
URUMQI, July 9 (Xinhua) -- The Chinese government and the Communist Party of China (CPC) will severely punish the outlaws in the Xinjiang riot, and restore normal social order in the region as soon as possible, senior Chinese leader Zhou Yongkang said here Thursday. Authorities would take stability as their top priority at hand, and crack down hard on violence, in accordance with laws to protect the lives and property of people of all ethnic groups, and safeguard ethnic unity, said Zhou, a member of the Standing Committee of the Political Bureau of the CPC Central Committee. Zhou Yongkang (C), member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China, visits Aygul, an injured woman of minority group, at a military hospital in Urumchi, capital of northwest China's Xinjiang Uygur Autonomous Region, July 9, 2009. Zhou started an inspection tour in Xinjiang on Thursday.At least 156 people were killed and more than 1,000 injured in the riot on Sunday in Urumqi, capital city of the Xinjiang Uygur Autonomous Region. When visiting civilians injured in the riot Thursday afternoon at a military hospital, Zhou Yongkang promised that violent outlaws in the deadly riot would receive severe punishment in accordance with China's laws, and that the normal order would be restored. Zhou Yongkang (R, front), member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China, shakes hands with a policeman on duty in Urumchi, capital of northwest China's Xinjiang Uygur Autonomous Region, July 9, 2009. Zhou started an inspection tour in Xinjiang on Thursday.He urged medical workers to provide better treatment to the injured, and save the lives of those in serious conditions "at all cost". Zhou also called on troops and police officers on duty in Urumqi to enforce the laws justly, and "crush any attempt by hostile forces from home and abroad".
来源:资阳报