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BEIJING, Dec. 21 (Xinhua) -- The Chinese government was taking such measures as deferring payment of social security funds in its latest efforts to reduce burdens of companies nationwide and foster stable employment situation, officials said here on Sunday.     In a notice jointly issued by the Ministry of Human Resources and Social Security (MHRSS), Ministry of Finance and State Administration of Taxation, troubled enterprises will be allowed to delay payment of social security funds in 2009 with the deferment period less than six months, MHRSS officials said.     Companies which are unable to pay social security funds are eligible to delay payment after authorization from the provincial governments, it said. No overdue fine will be imposed on these companies.     The notice also said the insurance rates for medical, work injury, unemployment and maternity will be allowed to temporarily cut back next year in some regions after authorization from the provincial governments. The pension insurance rate, however, should not be lowered.     China's social security system is made up of five parts: pension insurance, medical insurance, work injury insurance, unemployment insurance and maternity insurance.     The notice also encouraged troubled companies to conduct in-company training for employees and to apply necessary financial support from local governments.     In addition, troubled enterprises which refuse to lay off workers or dismiss fewer workers will be allowed to use unemployment insurance funds to pay social security subsidies, it said.

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.

Chinese Premier Wen Jiabao (R) shakes hands with former Japanese Prime Minister Yasuo Fukuda ahead of the closing ceremony of "China-Japan Friendly Exchange Year of the Youth" in Beijing, capital of China, Dec. 20, 2008.     BEIJING, Dec. 20 (Xinhua) --A total of 2,008 young people from China and Japan on Saturday concluded a year-long youth exchange program between the two countries.     Chinese Premier Wen Jiabao and former Japanese Prime Minister Fukuda Yasuo joined the youth at the closing ceremony in Beijing University of Aeronautics and Aerospace.     In their half-hour meeting before the ceremony, Wen and Fukuda, who decided on this program during their talks in Singapore last year, hailed the exchange program "reached its expected aims."     The program coincided with the 30th anniversary of the signing of the China-Japan Peace and Friendship Treaty, which Wen said "made the exchange activities more significant."     Under the program, more than 12,000 youth from China or Japan paid visits to the other country since the program was launched in March in Beijing.     "Hopefully the young generation of the two countries will keep the old memories, cherish the current days and create a bright future," Wen said, calling for youth to carry forward China-Japan friendship.     Fukuda said Japan-China was founded on the deeper mutual understanding and friendship between the two peoples.     "The exchange program is a great success and will help boost the youth interaction," Fukuda said.     As a finale of the program, a 1,000-member Japanese delegation were paying week-long visit to China. Among the delegations were Japanese youth from various walks of life, including parliamentarians, government officials, businessmen and journalists.

ATHENS, Nov. 24 (Xinhua) -- Chinese President Hu Jintao flew into Athens Monday for a state visit to Greece, which he said would be successful with the joint efforts by the Chinese side and the Greek side.     "In recent years, the China-Greece comprehensive strategic partnership has been consolidated continuously with increased exchanges and expanded cooperation in all sectors," said President Hu in a written speech issued upon his arrival at the airport.     He said that China attaches great importance to the development of its relations with Greece and will work together with the Greek side for the even better ties in the future. Chinese President Hu Jintao (R, front) is welcomed by Greek Prime Minister Costas Karamanlis upon his arrival in Athens, capital of Greece, on Nov. 24, 2008. Hu Jintao arrived in Athens Monday for a state visit.     The Chinese leader said that he is looking forward to in-depth exchange of views with Greek leaders on bilateral ties and other important issues.     "With the joint efforts of both sides, I believe, my current visit would be successful and would further boost the China-Greece comprehensive strategic partnership" he added.     Since China and Greece established diplomatic ties 36 years ago, bilateral relations have developed smoothly. In January 2006, the two countries agreed to forge a comprehensive strategic partnership.     Since then, the Sino-Greek relationship has entered a new development stage. The two countries have maintained frequent high-level exchanges, deepened mutual political trust, expanded economic and trade cooperation. In 2007, the bilateral two-way trade was recorded at 3.4 billion U.S. dollars, and in the first seven months of this year it reached 2.4 billion dollars.     In June this year, Greek President Karolos Papoulias visited China and had talks with President Hu. The two sides reached broad consensus on further expanding exchanges and cooperation in all areas and deepening China-Greece comprehensive strategic partnership.     President Hu, who arrived in Athens from the Peruvian capital of Lima, is on the last leg of a five-nation trip.     He has already attended the G20 summit on financial markets and the world economy in Washington and the Economic Leaders' Informal Meeting of the Asia-Pacific Economic Cooperation (APEC) forum in Lima, and paid state visits to Costa Rica, Cuba and Peru. Chinese President Hu Jintao and his wife Liu Yongqing arrive in Athens, capital of Greece, on Nov. 24, 2008. Hu Jintao arrived in Athens Monday for a state visit.

BEIJING, Oct. 23 (Xinhua) -- China's top legislature on Thursday started to review a draft law on food safety, which sets stricter food quality standards and demands greater government responsibility.     The draft, which was revised after the recent contaminated dairy products scandal, would ban all chemicals and materials other than authorized additives in food production.     Health authorities are responsible for assessing and approving food additives and setting their usage. "Only those proved to be safe and necessary in food production are allowed to be listed as food additives," the draft says.     Food producers must strictly stick to the food additives and their usage approved by authorities, according to the draft     In the tainted dairy products scandal, melamine, often used in the manufacturing of plastics, was added to sub-standard or diluted milk to make protein levels appear higher. At least three infants died and more than 50,000 were sickened after drinking the contaminated milk.     The draft also prohibits food safety supervision authorities from issuing inspection exemptions to food producers.     China began exempting companies producing globally-competitive products from quality inspections in 2000 to help them avoid repeated examinations and reduce their burden.     The practice encountered severe criticism when it was discovered that many of the companies producing and selling melamine-tainted dairy products had national inspection exemption qualifications.     The draft was tabled to lawmakers at a bimonthly session of the Standing Committee of China's National People's Congress (NPC).

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