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XIAMEN, June 20 (Xinhua) -- Top political advisor Jia Qinglin has urged China's southeastern Fujian Province, which faces Taiwan, to contribute more in promoting the peaceful development of cross-Strait relations."The relations between the mainland and Taiwan are currently at a crucial stage with many opportunities. Fujian should make full use of its advantages and work hard to boost cross-Strait exchanges and cooperation in terms of scope and scale," he said during a two-day inspection that ended Sunday in the region's city of Xiamen.Jia called on the province to implement more favorable policies to attract investment from Taiwan companies and strengthen economic ties between Fujian and the island.Jia Qinglin (C), chairman of the National Committee of the Chinese People's Political Consultative Conference, talks with workers of a Taiwan-invested enterprise in Xiamen, southeast China's Fujian Province, June 20, 2010.During a visit to the Xiamen branch of a Taiwan technology company, Jia stressed that Taiwan companies on the mainland should respect and care for their workers.p "Workers' living and working conditions should be improved and their legal rights should be ensured," he said, adding that Taiwan companies should have confidence in investing in the mainland in order to achieve fast and sound development.In addition, as Fujian entered the flood season in late April, Jia urged the province to provide the highest priority to local people's safety and strive to reduce damages from disasters.As of Sunday morning, mud flows and floods triggered by intense rainstorms that began in mid-June have left 132 people dead and 86 missing in south China's nine provinces and regions including Fujian, according to the Office of State Flood Control and Drought Relief Headquarters.
BEIJING, Aug 5(Xinhunet) -- China's machinery industry has rebounded during the first half of this year, but the momentum is likely to slow as the country's economy cools.The machinery industry has grown by 37 percent during the first six months of 2010, with a total output value of 6.59 trillion yuan, according to the China Machinery Industry Federation, a quasi-governmental institution that oversees growth of China's machinery sector.The machinery industry, which has benefited from the government's 4 trillion yuan investment spending spree, enjoyed expansion in large-scale construction projects over the last year. The construction machinery sector reported 54 percent growth during the first half of this year, according to the federation.The strong growth of the industry is based on preliminary statements by several listed machinery companies submitted to the stock exchange.Shanghai-listed Zoomlion Heavy Industry Science and Technology Development Co, which is also planning to launch a listing in Hong Kong, predicted its profit would grow by 50 percent to 100 percent over the first half this year.Sany Heavy Industry Co is also expected to record 85 percent growth this year, according to Ping An Securities. The maker has already reported a growth rate of 170 percent in profit during the first quarter of this year.However, not all machinery industry sectors are reporting the same momentum as domestic demand has decreased this year. New orders in power generation equipment, transmission and substation equipment as well as heavy machinery, have rolled back this year."It is unlikely to see significant growth in the output of power equipment this year and it will probably stand around 117 million kW since the base figure is already huge," according to Cai Weici, vice-president of the federation, adding that China's output of power equipment already makes up half of the world's total."There is also less demand for heavy machinery used in steel production because the industry is eliminating outdated productivity, thus reducing market demand," Cai said.Fixed-assets investment in the machinery industry which has maintained a growth rate of over 40 percent since 2004 slowed down by 27 percent to 79.8 billion yuan, signaling less reserved strength for further growth.In term of exports, the machinery industry will be exposed to several uncertain factors including a more flexible yuan exchange rate as well as rising labor and raw material costs.The federation forecasts the industry's growth rate will be 20 percent in 2010.
BEIJING, July 2 (Xinhua) -- China and Vietnam agreed Thursday to properly deal with the maritime territorial issues in the South China Sea.This is one of the five consensus decisions made at the fourth meeting of the China-Vietnam steering committee on cooperation, which was co-chaired by Chinese State Councilor Dai Bingguo and Vietnamese Deputy Prime Minister and Foreign Minister Pham Gia Khiem.China and Vietnam signed a package of agreements on the demarcation of their 1,300-kilometer land boundary last November. During the signing ceremony, the two nations agreed to begin discussions to formulate the guidelines to solve the sea issues.Khiem reaffirmed Thursday that Vietnam was willing to work with China to properly handle the sea issues in light of the overall situation of bilateral relations and the friendship between the two peoples, as well as the need to maintain stability.During the meeting, China and Vietnam also agreed to further increase political exchanges, deepen economic and trade cooperation, strengthen cultural exchanges as well as enhance coordination on major international and regional issues.Citing that this year marks the 60th anniversary of the establishment of China-Vietnam diplomatic ties and the China-Vietnam Friendship Year, Dai said the bilateral relations were at a crucial period of inheriting the past and forging ahead into the future.The 60-year history of bilateral relations prove that developing China-Vietnam friendship is in the fundamental interests of the two countries and the two peoples, said Dai, adding it is also conducive to the peace and prosperity of the region.He said that since the third meeting of the China-Vietnam steering committee on cooperation last year, the pragmatic cooperation between the two countries had achieved new progress.He mentioned growing political exchanges, productive mutual beneficial cooperation, dynamic cultural exchanges, progress in dealing with boundary issues, and closer coordination and mutual support on major international and regional issues.Dai stressed that, in light of the future development of bilateral relations, the two sides should always bear in mind the general situation and take a long-term perspective while maintaining good neighborly friendship.He further called on the two sides to learn from each other so as to achieve common development, and to increase mutual trust and understanding to appropriately cope with problems through friendly negotiations.China is ready to work with Vietnam to steer the development of bilateral relations from a strategic height and use the China-Vietnam steering committee on cooperation as a platform to push forward the bilateral comprehensive strategic cooperative partnership, said Dai.Khiem said it was the firm position of the Vietnamese party and government to continuously enhance the Vietnam-China comprehensive strategic cooperative partnership, which was also the priority of Vietnam's foreign relations.Vietnam always remembers China's support and help for its revolution and construction and is committed to developing a long-lasting friendship with China, he stressed, adding Vietnam was willing to work with China to enhance cooperation in various areas.