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BEIJING, Nov. 10 (Xinhua) -- The Chinese government will inject more funds for investment and improve investment structures to better cope with adverse global economic conditions, the State Council (Cabinet) decided at an executive meeting presided over by Premier Wen Jiabao on Monday. To achieve "steady and relative fast" economic growth and prevent "economic ups and downs" amid global and domestic economic challenges was on top of the country's agenda, said Wen. The government on Sunday announced it would launch a stimulus package estimated at 4 trillion yuan (570 billion U.S. dollars) to be spent over the next two years to finance programs in 10 major areas, such as low-income housing, rural infrastructure, water, electricity, transport, the environment and technological innovation. "The country should strengthen management of large-scale investment projects, conduct feasibility studies in an earnest manner and increase investment efficiencies and profits," said a statement from the meeting, in which provincial leaders and Cabinet ministers participated. Wen said the stimulus package was crucial to tiding over the difficulties and maintaining long-term economic growth momentum. He urged local governments to be "quick" and "effective" in carrying out these measures with "large-scale" investment programs launched to boost domestic demand. The meeting participants called for more efforts to increase incomes and consumption capabilities, raising low-income earnings, promoting the "stable and healthy" development of the property sector and maintaining steady export growth. The country should endeavor to enhance competitiveness, improve financial macro-management and facilitate the steady and healthy development of the stock market. China announced on Sunday that it would adopt "active" fiscal and "moderately active" monetary policies to expand domestic demand and speed up construction of public facilities. The meeting also decided to push forward a series of key reforms, including restructuring the value-added tax regime, which could cut the tax burden on enterprises by 120 billion yuan next year.
BEIJING, Jan. 26 (Xinhua) -- Finance Minister Xie Xuren said Monday there would be growing difficulty balancing China's budget this year, and he urged officials to avoid unnecessary spending. In a Lunar New Year greeting on the ministry's homepage, Xie said that the external and internal conditions affecting China's social and economic development in 2009 were "very severe" and more difficulties had to be overcome to achieve "steady and relatively fast" economic growth. Xie said government funds should be used efficiently as the government carried out an active fiscal policy to support public investment while cutting taxes. To stimulate the economy, the government has raised export tax rebates three times since July, increased farm subsidies and endedthe value-added tax for equipment purchases -- a move that's expected to reduce companies' tax bills by 120 billion yuan (about 17.4 billion U.S. dollars) a year. Moreover, the threshold for individual income tax, which now stands at 2,000 yuan per month, is likely to rise. Although 2008 fiscal revenue grew an estimated 19 percent from 2007 to some 6 trillion yuan, the economic slowdown, falling corporate profits and tax cuts drove down fiscal revenue in the second half of last year. Last year, the economy grew 9 percent year-on-year, ending a five-year period of double-digit growth. Xie said earlier this month that the fiscal decline might continue this year. The Finance Ministry has imposed tighter controls on the general administrative expenditure of local governments. For example, local governments have been ordered to limit the year's spending on car purchases, meetings, catering and overseas travel to no more than the amounts spent last year. Jiangxi Province has urged officials to avoid unnecessary travel and vowed to cut meeting outlays by 20 percent from the 2008 level, catering expenses by 10 percent, and international business travel costs by 10 percent. Many local governments, meanwhile, said they would step up investment spending in 2008. Shaanxi Province, for example, said it planned to invest 40 billion yuan in education, job re-training, public sanitation and social security, up 21 percent from last year, while Henan Province will invest 40 billion yuan to raise living standards. These and other local governments announced investment plans after the central government put together a 4-trillion-yuan stimulus package in response to ebbing growth.

HAVANA, Nov. 18 (Xinhua) -- Chinese President Hu Jintao on Tuesday visited Fidel Castro, first secretary of the Central Committee of the Communist Party of Cuba, in Havana. The two leaders warmly shook hands, exchanged greetings and had a long conversation in a sincere and friendly atmosphere. Hu said he was delighted to see Castro again. The comrades of the Central Committee of the Communist Party of China "have all cared about your health and I brought their sincere greetings to you," he said. "I see in person that you have recovered and have been energetic so I feel very pleased," he told Castro. Chinese President Hu Jintao (L) visits Fidel Castro, first secretary of the Central Committee of the Communist Party of Cuba, in Havana, capital of Cuba, Nov. 18, 2008. Castro extended a warm welcome to Hu for his second state visit to Cuba. "We are old friends. I am happy to see that you are as energetic as when I met you last time," he said. Hu said that as the founder of the Cuban socialist revolution and construction, Castro is dearly adored by the Cuban people. During the past half century, Castro led the heroic Cuban people in their fearless struggle to safeguard state sovereignty and adhere to the path of socialism, thus winning respect from people worldwide, including the Chinese people. Hu said that Castro has followed closely his country's development, showed great concern about people's life and dedicated himself to profound reflections of major strategic issues, such as international affairs and national development. "Your thoughts and experience will surely guide the Cuban people to continue their march on the road of socialist construction," he said. On Sino-Cuban relations, Hu said relations between the two countries have withstood the changes of international situation thanks to the joint efforts to forge and nurture their bilateral ties by generations of Chinese leaders, including Mao Zedong, DengXiaoping and Jiang Zemin, and Castro and other Cuban leaders. "The brotherly friendship between our two countries and two parties has been deeply rooted in the hearts of our two peoples," he said. "The Chinese people will never forget that thanks to your concern and effort that Cuba became the first Latin American nation to forge diplomatic ties with China 48 years ago," he said. Thanks to the concerted efforts of both sides, the Sino-Cuban mutually beneficial and friendly cooperation in all areas have been expanding continuously, and bilateral ties have entered a new era of all-round development, said Hu. "Our two nations, parties and peoples have become reliable friends and brothers who share weal and woe," he said. "What affected me and other Chinese leaders most is that you always pay close attention to China's development and remain committed to promoting friendly cooperation between our two countries," Hu added. Hu noted that Castro ordered to send a medical team to China immediately after the devastating earthquake in Wenchuan, southwest China's Sichuan province on May 12. The Cuban leader also made constant phone calls to offer instructions on the team's work in China, Hu added. Moreover, in his article entitled China's Victory, Castro has showed his firm support for China on such major issues as Taiwan, Tibet and the Olympic Games in Beijing, the Chinese president said. The Cuban leader has also showed great concern about the Chinese students studying in Cuba and the progress of a joint ophthalmic hospital. "The Chinese people, the Communist Party of China and the Chinese government will for ever remember all these," he said. Castro expressed appreciation of China's relief and reconstruction efforts following the Wenchuan earthquake and other natural disasters. He once again congratulated China on its successful hosting of the Beijing Olympic Games and Paralympics as well as the success of the Shenzhou-7 manned space mission. Hu said that the Chinese government will always adhere to the principle of long-term friendship between China and Cuba. The Chinese people will, as always, support the just struggle of the Cuban people in safeguarding state sovereignty and opposing outside interference. China will continue to provide assistance for Cuba within its capacity, and will firmly support the country's socialist cause, he said. "We will work with the Cuban people to continuously push forward the development of friendship between China and Cuba," he added. Castro said he and other Cuban comrades have followed closely "everything that happened in China." "China has a large population and a culture of long standing and the Chinese people are known for their diligence," he said, adding that the Chinese people "have surmounted all manner of unimaginable difficulties and accomplished great achievements in construction." "As the current international financial crisis is spreading, the Chinese economy has kept a sound momentum for development, demonstrating that China is the most prepared country," he said. China is the most dynamic nation in the world and "no force can stop it from forging ahead," he said. The two leaders also exchanged views on the two countries' economic development and major international and regional issues, including the international financial crisis and the world economy. Before the conclusion of the meeting, Hu again expressed his heartfelt wish for Castro's good health. Castro, in return, expressed his gratitude. Cuba is the third leg of Hu's five-nation trip. He has attended a Group of 20 summit on the financial crisis in Washington and visited Costa Rica. He will also visit Peru and Greece, and attend the Economic Leaders' Informal Meeting of the Asia-Pacific Economic Cooperation (APEC) forum in the Peruvian capital of Lima.
BEIJING, Jan. 9 (Xinhua) -- China said Friday it welcomes and supports the UN Security Council resolution on Gaza. "The resolution reflects the concerns and desires of the international community on the situation in Gaza," Foreign Ministry spokesman Qin Gang said in response to a question. China called for effective implementation by all parties concerned of the new resolution and an immediate ceasefire in Gaza, Qin noted. China also urged Israel to withdraw its forces from Gaza, ensure the smooth operation of humanitarian aid activities and ease the humanitarian crisis in Gaza at an early date, he said. Qin called on all parties concerned to continue the political process to achieve a just and reasonable settlement of the Palestinian-Israeli issue and realize the establishment of an independent Palestinian state and peaceful coexistence. The UN Security Council on Thursday adopted a resolution calling for an immediate ceasefire in Gaza "leading to the full withdrawal of Israeli forces." The new resolution, drafted by Britain, was adopted with 14 voting in favor and the United States abstaining after a compromise was reached between Arab foreign ministers and their Western counterparts. More than 700 Palestinians reportedly died in 13 days of Israeli military action in Gaza, which was undertaken in retaliation for the firing of rockets into southern Israel by Hamas militants.
BEIJING, Jan. 21 (Xinhua) -- China's State Council, or Cabinet, passed a long awaited medical reform plan which promised to spend 850 billion yuan (123 billion U.S. dollars) by 2011 to provide universal medical service to the country's 1.3 billion population. The plan was studied and passed at Wednesday's executive meeting of the State Council chaired by Premier Wen Jiabao. Medical reform has been deliberated by authorities since 2006. Growing public criticism of soaring medical fees, a lack of access to affordable medical services, poor doctor-patient relationship and low medical insurance coverage compelled the government to launch the new round of reforms. According to the reform plan, authorities would take measures within three years to provide basic medical security to all Chinese in urban and rural areas, improve the quality of medical services, and make medical services more accessible and affordable for ordinary people. The meeting decided to take the following five measures by 2011: -- Increase the amount of rural and urban population covered by the basic medical insurance system or the new rural cooperative medical system to at least 90 percent by 2011. Each person covered by the systems would receive an annual subsidy of 120 yuan from 2010. -- Build a basic medicine system that includes a catalogue of necessary drugs produced and distributed under government control and supervision starting from this year. All medicine included would be covered by medical insurance, and a special administration for the system would be established. -- Improve services of grassroots medical institutions, especially hospitals at county levels, township clinics or those in remote villages, and community health centers in less developed cities. -- Gradually provide equal public health services in both rural and urban areas in the country. -- Launch a pilot program starting from this year to reform public hospitals in terms of their administration, operation and supervision, in order to improve the quality of their services. Government at all levels would invest 850 billion yuan by 2011 in order to carry out the five measures according to preliminary estimates. The meeting said the five measures aimed to provide universal basic medical service to all Chinese citizens, and pave the road for further medical reforms. The meeting also decided to publish a draft amendment to the country's regulation on the administration on travel agencies for public debate. It also ratified a list of experts and scholars who would receive special government allowances.
来源:资阳报