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BEIJING, Nov. 9 (Xinhua) -- China will take 10 major steps to stimulate domestic consumption and growth as it turns to an "active" fiscal policy and "moderately easy" monetary policy, an executive meeting of the State Council said on Sunday. Here are the 10 major steps: -- Housing: Building more affordable and low-rent housing and speeding the clearing of slums. A pilot program to rebuild rural housing will expand. Nomads will be encouraged to settle down. -- Rural infrastructure: Speeding up rural infrastructure construction. Roads and power grids in the countryside will be improved, and efforts will be stepped up to spread the use of methane and to ensure drinking water safety. This part of the plan also involves expediting the North-South water diversion project. Risky reservoirs will be reinforced. Water conservation in large-scale irrigation areas will be strengthened. Poverty relief efforts will be increased. -- Transportation: Accelerating the expansion of the transport network. That includes more dedicated passenger rail links and coal routes. Trunk railways will be extended and more airports will be built in western areas. Urban power grids will be upgraded. -- Health and education: Beefing up the health and medical service by improving the grass roots medical system. Accelerating the development of the cultural and education sectors and junior high school construction in rural western and central areas. More special education and cultural facilities. -- Environment: Improving environmental protection by enhancing the construction of sewage and rubbish treatment facilities and preventing water pollution in key areas. Accelerating green belt and natural forest planting programs. Increasing support for energy conservation and pollution-control projects. -- Industry: Enhancing innovation and industrial restructuring and supporting the development of the high-tech and service industries. -- Disaster rebuilding: Speeding reconstruction in the areas hit by the May 12 earthquake. -- Incomes: Raising average incomes in rural and urban areas. Raising next year's minimum grain purchase and farm subsidies. Increasing subsidies for low-income urban residents. Increasing pension funds for enterprise employees and allowances for those receiving special services. -- Taxes: Extending reforms in value-added tax rules to all industries, which could cut the tax corporate burden by 120 billion yuan (about 17.6 billion U.S. dollars). Technological upgrading will be encouraged. -- Finance: Enhancing financial support to maintain economic growth. Removing loan quotas on commercial lenders. Appropriately increasing bank credit for priority projects, rural areas, smaller enterprises, technical innovation and industrial rationalization through mergers and acquisitions. These 10 moves are expected to have positive effects on cement, iron and steel producers amid a boom in infrastructure investment. Commercial lenders will benefit as loan ceilings are abolished, and medium-sized and small companies are likely to benefit from preferential policies.
BEIJING, Jan. 22 (Xinhua) -- Chinese President called on members of all political parties, social organizations and ethnic groups to make concerted efforts to help China maintain steady economic growth in 2009. Hu made the remarks when meeting leaders of non-communist parties, All-China Federation of Industry and Commerce, and public figures without party affiliation on Thursday afternoon. The meeting was presided by China's top political advisor Jia Qinglin. Vice President Xi Jinping and Vice Premier Li Keqiang also attended the meeting. Hu first extended New Year greetings to all members of the United Front, a term used by the Communist Party of China (CPC) to describe its policy of uniting political forces representing people of all circles. He also expressed gratitude for their contribution to China's economic development and social stability in 2008. Chinese President Hu Jintao (3rd R), who is also General Secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission (CMC), and other Chinese top leaders Jia Qinglin (2nd R), Xi Jinping (4th R) and Li Keqiang (1st R) attend a meeting with representatives of non-communist parties ahead of the Spring Festival in Beijing, capital of China, Jan. 22, 2009. Hu Jintao delivered an important speech at the meeting, which is presided over by Jia Qinglin. Hu said 2009 marked the 60th anniversary of the establishment of China, and was of crucial importance to the country's modernization. The top priority of the country in 2009 was to stimulate economic growth, safeguard people's livelihoods, and maintain social stability, Hu said. These tasks could not be done without the concerted efforts of members of all political parties, social organizations and ethnic groups in the country, he said. He said maintaining steady economic growth amid the currently disadvantaged situations had posed a major challenge for the governance capacity of the CPC and for the non-communist parties' ability to participate in government and political affairs. Members of the United Front should take advantage of their extensive resources to further contribute to the economic development of the country, he said. Hu said year 2009 also marks the 60th anniversary of the founding of the system of multi-party cooperation and political consultation under the leadership of the Communist Party, and urged non-communist parties to adhere to the system in the coming years.
SHIJIAZHUANG, Dec. 31 (Xinhua) -- The trial at a court here in Hebei Province of four executives of the Sanlu Group, the major dairy at the center of China's tainted milk scandal, ended without an immediate verdict at 10:10 p.m. on Wednesday. The trial opened at 8 a.m. Prosecutors accused Tian Wenhua, Sanlu's former board chairwoman and general manager, and three other executives of producing and selling fake or sub-standard products. Sanlu Group Co., Ltd., represented by its trade union chairman Ran Weiguang, was also a defendant. The three other executives are former deputy general managers Wang Yuliang and Hang Zhiqi, and Wu Jusheng, a former executive in charge of the milk procurement division. All four defendants were arrested on Sept. 26. At the end of the trial, Ran, on behalf of Sanlu, offered apologies to children sickened by the tainted milk and their families. The verdict will be announced at an unspecified future date.
BEIJING, Nov. 2 (Xinhua) -- Chinese President Hu Jintao and Tongan King Taufa'ahau Tupou V exchanged congratulatory messages on Sunday to celebrate the 10th anniversary of the establishment of bilateral diplomatic relations. Hu said in the message that the establishment of diplomatic ties between the two countries on Nov. 2, 1998 opened a new chapter in bilateral relations. Over the past 10 years, the bilateral ties have been continuously solidified and strengthened, he added. Hu said the establishment and development of bilateral ties have brought real benefits to the two peoples and promoted the stability and development of the Pacific Islands Region. China is willing to make joint efforts with Tonga, on the basis of the Five Principles of Peaceful Coexistence, to further strengthen bilateral exchanges and cooperation, boost the two peoples' friendship and understanding and lift China-Tonga friendly and cooperative ties to a higher level, thus making new contribution to the stability, development and progress of the two countries and the region as a whole, he said. Tupou V said it was farsighted for former King Taufa'ahau TupouIV to make the decision to build diplomatic ties with China 10 years ago. The development of the ties has benefited the two peoples greatly, he said, adding the Tongan government will continue to abide by the one-China policy.
BEIJING, Nov. 25 (Xinhua) -- Chinese Premier Wen Jiabao has held in-depth talks with top economists and entrepreneurs to discuss the current economic situation and the country's macro controls amid government efforts to steer the economy out of trouble against a background of global turmoil. The premier sat down with specialists in a wide range of fields from fiscal policy, finance and the corporate world, to agriculture, real estate and external economy, as well as company heads from big sectors such as petrochemical, telecommunications, auto, steel, nonferrous metal, machinery manufacturing, logistics and real estate, at the Zhongnanhai leadership compound in downtown Beijing on Nov. 20 and again on Nov. 25. Chinese Premier Wen Jiabao (C) holds in-depth talks with top economists to discuss the current economic situation and the country's macro controls amid government efforts to steer the economy out of trouble against a background of global turmoil in Beijing, capital of China Nov. 20, 2008. The premier held talks with specialists in a wide range of fields at the Zhongnanhai leadership compound in downtown Beijing on Nov. 20 and again on Nov. 25The economists and entrepreneurs gave their views on the current global economic and financial situation, the country's fiscal and monetary policies, issues concerning rural areas, farmers, and agriculture, real estate sector, financial sector, industrial restructuring, how to improve people's livelihoods, and the difficulties of some sectors and companies, and also offered some suggestions. After listening to the economists and entrepreneurs. the premier said the complication of the ongoing global economy had brought along new difficulties to framing and adjusting macro policies. He said it would be difficult to make the right decisions if one was to only "rely on the past experience", or "the wisdom of a few". He said the government would listen to a wide range of opinions in a bid to become "more scientific and democratic" in decision-making, and improve the transparency of decision-making. He added the government's earlier decision to adopt "active" fiscal and "moderately active" monetary policies in response to changing economic conditions had played an important role in bolstering the economy. He asked the State Council and ministries to deliberate on suggestions offered by economists and entrepreneurs for further improvement of macro policies. Vice premiers Li Keqiang, Hui Liangyu, Zhang Dejiang and Wang Qishan, and State Councilor Ma Kai were also present at the meetings. Premier Wen and some vice premiers also inspected enterprises in regions across the country, including the eastern Shanghai Municipality and Zhejiang and Fujian provinces and central Hubei Province, during the interval of the two meetings. Chinese Premier Wen Jiabao (C) holds in-depth talks with entrepreneurs to discuss the current economic situation and the country's macro controls amid government efforts to steer the economy out of trouble against a background of global turmoil in Beijing, capital of China Nov. 25, 2008. The premier held talks with specialists in a wide range of fields at the Zhongnanhai leadership compound in downtown Beijing on Nov. 20 and again on Nov. 25