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HONG KONG, May 2 (Xinhua) -- Hong Kong's leading charity donor, the Hong Kong Jockey Club, said Sunday it had donated another 16.3 million HK dollars (2.1 million U.S. dollars) for earthquake-hit area in northwestern China's Qinghai province to help disaster relief work.Together with the emergency donation of 2 million HK dollars made earlier, the Jockey Club contributed over 18.3 million HK dollars to support relief work for victims of the 7.1-magnitude earthquake, which hit the Tibetan Autonomous Prefecture of Yushu in Qinghai on April 14.In a press release, the Jockey club said it achieved a net operating surplus of 15.36 million HK dollars on April 21 at the Happy Valley race meeting. All money had been passed to the Chinese Ministry of Civil Affairs for earthquake relief work.Chairman of the Jockey club, John C C Chan, said horse racing in Hong Kong not only is a form of entertainment, but is also a charitable undertaking which serves the people of Hong Kong and has a far-reaching significance to the community."We felt that by going ahead with our race meeting on April 21 and donating the net operating surplus to help Qinghai earthquake victims, we would be able to give strong support to the relief efforts at the same time as maintaining a stable contribution to the public purse," he said.In addition, the Jockey Club launched a public fund-raising drive between April 21 and 25. This likewise attracted a huge response, raising a total of 943,284 HK dollars, according to the statement.Chan said he hoped the earthquake victims could overcome their hard times soon and be able to rebuild their homeland with blessings and support from all over the country.Following the Yushu earthquake, the HK Jockey Club made an immediate donation of 2 million HK dollars to support relief work in the stricken area, passing the donation to the Red Cross Society of China via the Liaison Office of the Central People's Government in Hong Kong.The Yushu earthquake killed at least 2,200 people and left more than 100,000 homeless.Founded in 1884, the HK Jockey Club has become one of Hong Kong 's best known organizations, providing sporting entertainment as well as being the city's major non-government community benefactor. Now it donates more than 1 billion HK dollars a year to charitable and community projects. (one U.S. dollar equals to 7.755 HK dollars)

BEIJING, June 4 (Xinhua) -- Chinese Premier Wen Jiabao on Friday sent a message to Naoto Kan to congratulate him on his election as Japanese prime minister."China and Japan are important close neighbors to each other and important countries in Asia and the world. The development of stable, long-term good neighborly relations between them is in the fundamental interests of the two countries and two peoples and is conducive to peace, stability and prosperity in Asia and the world at large," the Chinese premier said.Wen noted that his recent visit to Japan was a big success, which helped make new progress in the development of bilateral ties. He said China is willing to work together with Japan to implement in real earnest the important consensuses the two countries have reached and push forward the strategic relations of mutual benefit in line with the principles laid down by the four important political documents concerning bilateral relations.Kan was voted in as prime minister by the lower house of Japanese parliament on Friday afternoon to succeed Yukio Hatoyama.

WASHINGTON, April 13 (Xinhua) -- Chinese President Hu Jintao on Tuesday called for concerted action by all countries to enhance nuclear security while stressing the need to properly address the challenge."The potential threat of nuclear terrorism cannot be neglected and the risk of nuclear material diversion and illicit trafficking is on the rise," Hu said in a speech delivered at the Nuclear Security Summit here.In the speech, Hu put forward five proposals on ways to strengthen nuclear security.First, the Chinese president said, all countries need to honor their commitments and responsibilities by adopting effective measures to secure nuclear materials and facilities.Chinese President Hu Jintao attends the first plenary session of the Nuclear Security Summit at the Washington Convention Center in Washington, April 13, 2010.Second, Hu said, they should consolidate the existing international legal framework on nuclear security, which consists of the Convention on the Physical Protection of Nuclear Material and International Convention for the Suppression of Acts of Nuclear Terrorism.Hu's third proposal is to strengthen international cooperation by sharing experience, exchanging information and cooperating on law enforcement.Fourth, he said, there is a need to help developing countries enhance their nuclear security capacity. Therefore he called for the International Atomic Energy Agency (IAEA) and the developed countries to offer greater assistance to developing countries in that respect.Finally, the president said that all countries should properly handle the relationship between nuclear security and the peaceful use of nuclear energy.

BEIJING, March 31 -- The appointment of three new academic members to the central bank's monetary policy committee on Monday reflects the increasing inclusiveness of monetary policymaking, but may not have any apparent bearing on the timing of an interest rate hike, analysts said.The People's Bank of China (PBOC) said three Chinese economists - Xia Bin, Li Daokui and Zhou Qiren - will replace Fan Gang, the only academic member of the committee, which advises on major monetary issues."Adding two more academics to the monetary policy committee is a welcome change," said Wang Tao, head of China economic research at UBS Securities. "I hope this helps to increase healthy debate within the committee, and increase the independence of monetary policy.""The appointment of three academic members this time - instead of one - indicates the increasing importance of academic voices in monetary policymaking and the three, with different backgrounds, are expected to complement each other to add to the inclusiveness of the panel," said Sun Lijian, an economist with Fudan University. It would make the country's monetary decision-making more rational, he said.Going by their recent comments on inflation, with Li saying that China could precede the United States in raising the rates and Zhou urging a timely and firm exit from stimulus policies, it is speculated that their appointment may signal chances of an earlier rate hike.Zhou said in a February speech that it was high time that China exited from the stimulus measures. "Given the past experiences, the stimulus through expanding money supply and debt only has a short-term effect," he said in the speech.One of the side effects of the stimulus is rising inflation. "The price of the stimulus policies is mainly the adverse effect of the large-scale release of money on the overall market price situation," he said. "We have seen it on the market."Li said early this month once China's consumer price index (CPI), a major measure of inflation, rises 3 percent, the country is set to increase the rates. China's CPI rose by 2.7 percent year-on-year in February.He also said on Monday that China may suffer from exported inflation from developed economies as their continued relaxed monetary policy would lead to surging raw material prices and large-scale capital flowing into the emerging economies, including China.Meanwhile, China should keep itself alert against possible price rises due to weather changes, such as the recent severe drought in southwestern regions.Xia Bin said on Monday that three factors should be taken into account when deciding on whether to raise the interest rates. It should be considered if real negative deposit interest rates occurred. But if inflationary expectations are not strong, the hike would be inappropriate. Moreover, China should not move ahead of the US since it would bring in speculative capital.China's benchmark one-year deposit rate stands at 2.25 percent.Dong Xian'an, chief macroeconomic analyst of Industrial Securities, said economic fundamentals should be the paramount determinant in interest rate related policymaking and the appointment of a new monetary policymaking panel would not have any substantial bearing on the timing of the possible hike.The month-on-month CPI figure is a crucial factor and as it continues to rise, the hike may come in the second quarter of this year, he said.

BEIJING, April 28 (Xinhua) -- Chinese Premier Wen Jiabao Wednesday called for greater efforts to fulfill the energy-saving and emission reduction goals set out in the nation's 11th Five Year Plan.According to the plan laid out in 2006, China will cut its per unit GDP energy consumption by 20 percent compared with 2005 levels by the end of 2010.Relevant departments must work harder to help enterprises close down old and polluting production facilities, he said at a State Council meeting.The departments must also suspend approval of new projects by enterprises failing to eliminate backward production capacity, he added.He also stressed efforts to curb the expansion of high energy-consuming industry, and emphasized strict control of exports of goods produced in an energy-inefficient way.Wen said energy-saving and emission reduction are priorities for the construction and transportation industries.Public institutions nationwide are expected to lower their energy consumption by 5 percent year on year in 2010, he added.More energy-conservation and emission-reduction publicity campaigns should be organized to promote the development of "green" consumption, he said.