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BEIJING, Oct. 16 (Xinhua) -- Wang Jianping, 63, a healthy retiree from a Beijing-based enterprise, has recently begun searching for nursing homes."When I cannot move, I will live in the old people's home and will not inconvenience my children," Wang said.Her experience of caring for her 89-year-old mother-in-law, who suffers from senile dementia over the past 14 years, prompted her to "search for nursing homes as early as possible," she said.As China marks Seniors Day Saturday, or the ninth day of the ninth lunar month, experts have called for an improvement in the country's services to the aged, especially at a time when the "only child" generation is finding it increasingly difficult to care for four parents (their own and their spouse's parents).The Office of the China National Committee on Ageing said the number of people aged 60 or above stood at 167 million in 2009, or 12.5 percent of the 1.3-billion population.Chen Chuanshu, deputy director of the Office of the China National Committee on Ageing, said the ageing problem not only affected individual families, but was also a major social problem that concerned the national economy and people's livelihoods.Yang Yanan, a 24-year-old postgraduate student at the Department of Sociology of Peking University, said her grandmother was cared for by four children, and the grandmother would live, in turn, in the homes of Yang's parents and her uncles and aunts.Hao Maishou, an expert on the ageing issue at the Tianjin Academy of Social Sciences in northern China, said that traditionally, the elderly were taken care of by their sons, financially and socially.After the New China was founded in 1949, a pension and the aged insurance system was established in both urban and rural areas, but since it was far from perfect, most old people continued to be cared for by their own families. Only a few lived in old-age homes, Hao said.But today, most parents of the country's first-generation of children with no siblings, following the government's "one-child" policy, have started realizing that they cannot depend on their children to look after them when they grow old. These parents are mostly in their 50s.Chen said that family-based care was still the main way of caring for the aged in China, and the country was working on improving these policies, financial support and caring services for the elderly.In the recent past, the government has mobilized non-public sectors to serve the aged and encouraged private capital to enter the sectors providing services to this demographic.Towards that end, a project called the "Aiwan (Loving the Old Age) Project" was begun in 2008, covering major Chinese regions with serious ageing problems, using an investment of 10 billion yuan (1.47 billion U.S.dollars). Twenty centers for living, entertainment, cultural activities and rehabilitation were to be built in these regions in five to eight years.Hao of the Tianjin Academy of Social Sciences said that after 2030, caring for the aged in China would be jointly shouldered by families and the society, as a large number of elderly people will also have to care for their own aging parents."The country will expand the coverage of social security to the entire population," he said.
BEIJING, Aug. 27 (Xinhua) -- The United States has repeatedly blocked investment from Chinese companies on national security grounds, a protectionist move that will only harm its own interests, analysts say.Eight U.S. congressmen recently asked the Obama administration to scrutinize a deal between Chinese telecom equipment giant Huawei and the American operator Sprint Nextel on national security grounds.It was not the first time Huawei's attempts to break into the U.S. market have been stymied. Earlier its buyout attempt of 3Com was summarily dismissed by the U.S. government.Citing national security concerns again, a bipartisan group of 50 lawmakers in July requested that the government investigate an investment project of China's Anshan Iron and Steel Group (Ansteel), China's fourth largest steelmaker, which plans to establish a joint rebar venture with a U.S. partner in Mississippi."It is inappropriate for some U.S. lawmakers to label regular business behavior as a move that threatens national security," Yao Jian, a spokesman for the Ministry of Commerce, recently said about Ansteel's investment plan."I hope the United States can create a better investment environment for Chinese enterprises," he said.Chinese analysts said the actions were sheer protectionism, adding that national security concerns is only a lame excuse by U.S. authorities, whose true intention is to protect the interests of domestic enterprises and industries.Moreover, standing up to China's allegedly unfair trade practices can easily earn the congressmen much needed political chips in the upcoming mid-term election in November, the analysts said.The setback that Huawei and Ansteel suffered is only the tip of the iceberg. Actually, blocking investment from Chinese companies in the name of national security has morphed into a knee-jerk reaction that could only harm America's own interests.Emcore Corporation, a U.S. fiber optics producer, announced in late June that it has abandoned a joint venture in partnership with China's Tangshan Caofeidian Investment Corporation because the Committee on Foreign Investment in the United States "has certain regulatory concerns about the transaction."

UNITED NATIONS, Sept. 21 (Xinhua) -- Chinese Premier Wen Jiabao arrived in New York Tuesday afternoon to attend a series of meetings of the United Nations.It is Wen's second participation in UN meetings at the UN headquarters since 2008. Chinese President Hu Jintao also attended UN conferences last year.During Wen's three-day stay here, he is expected to attend and address a UN high-level meeting on the Millennium Development Goals (MDGs), the general debate of the 65th session of the UN General Assembly, a summit of the UN Security Council member states and a high-level discussion panel on AIDS and the MDGs.He will also meet with world leaders, UN Secretary-General Ban Ki-moon, Sino-U.S. friendship groups, overseas Chinese and foreign media in New York.About 140 heads of state and government will attend the three-day MDGs high-level meeting at the UN headquarters, where they will make new commitments to achieving the MDGs before the 2015 deadline.The MDGs, forged at a UN summit in 2000, includes eight ambitious goals, such as reducing extreme poverty in the world by half, cutting infant and maternal mortality, achieving universal primary education and halting the spread of HIV/AIDS and other diseases which kill millions each year.In a joint interview with the UN-based Chinese media last week, UN chief Ban voiced his confidence in China to meet those goals on time and urged other world leaders to keep their promises on the MDGs.
BEIJING, Oct. 23 (Xinhua) -- One of China's top banking regulators has called upon the nation's commercial lenders to improve their balance sheets and reduce excessive reliance on lending for profits.Wang Zhaoxing, deputy chairman of the China Banking Regulatory Commission(CBRC), said banks should not seek excessive profits from a rapid increase in loans and a widening gap between lending and deposit rates, which is unsustainable.Chinese banks went on a lending spree in 2009 in response to the urging of the government as part of the 4-trillion-yuan (601 billion U.S. dollars) stimulus package to ward off the effects of the global financial crisis.Also, nearly 9.6 trillion yuan in new loans last year fuelled fears of banks distributing bad loans.Many banks continue to depend upon issuing credit to government-backed projects to secure profits, Wang said at an industry meeting Thursday. However, those projects often lack adequate risk management.Further, Wang urged lenders to improve balance sheets and the quality of assets, as well as the ability to manage risk aversion.Chinese banking and financial institutions reported net profits of 668.4 billion yuan last year, of which a lion's share came from the gap between deposit and lending rates, investment proceeds and fees, according to the report on China's banking industry issued by the CBRC in July.The report noted that the average capital adequacy ratio stood at 11.4 percent at the end of last year, above the international safety line, while the non-performing loan (NPL) ratio fell to 1.58 percent, down 0.84 percentage points from the level at the beginning of 2009.Despite the improved data, CBRC chairman Liu Mingkang has repeated warnings that an NPL rebound could bring with it risks from lending to local government financing platforms and the property sector which has accumulated asset bubbles.At the meeting, Wang said the CBRC would enhance oversight to assure unscrupulous and unhealthy financial institutions are phased out of the market.Also, China will gradually move towards a market-driven interest rate mechanism, which would ultimately squeeze bank profits.
GUANGZHOU, Oct. 10 (Xinhua) -- Police conducted a hostage rescue drill on Sunday in south China's Guangzhou City as authorities beefed up security about one month prior to the opening of the 2010 Asian Games.Police first practiced rescue operation simulating the bus hostage crisis in the Philippine capital about two months ago. Eight Hong Kong tourists were slain during an ill-prepared rescue by the Philippine police against a lone gunman who hijacked a tourist bus in Manila on Aug. 23.Police officers were not told of the time and location of the drill in advance to test the emergency response of the city's police forces, a senior police officer said.During the drill, a group of armed men "hijacked" a bus carrying athletes and gunned down security guards on their way out of the Asian Games Village. After "negotiations" failed, police quickly broke into the bus and seized the attackers.The second part of the drill involved in rescuing "hijacked" foreign athletes in a room in the Village.After finding the hijackers attempted to kill the hostages, the police stormed the room, overwhelming the attackers and freeing the hostages.Chinese authorities have activated over one hundred checkpoints on the roads and waterways linking areas to the hosting cities of the Games on Sunday.A total of 132 checkpoints, scattered in Guangdong Province and five neighboring regions, are responsible for screening people, vehicles and goods, officials with the Ministry of Public Security said.The 2010 Asian Games is scheduled to open on Nov. 12. The events will be held in four cities in Guangdong.
来源:资阳报