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BEIJING, Jan. 21 (Xinhua) -- China's State Council, or Cabinet, passed a long awaited medical reform plan which promised to spend 850 billion yuan (123 billion U.S. dollars) by 2011 to provide universal medical service to the country's 1.3 billion population.     The plan was studied and passed at Wednesday's executive meeting of the State Council chaired by Premier Wen Jiabao.     Medical reform has been deliberated by authorities since 2006.     Growing public criticism of soaring medical fees, a lack of access to affordable medical services, poor doctor-patient relationship and low medical insurance coverage compelled the government to launch the new round of reforms.     According to the reform plan, authorities would take measures within three years to provide basic medical security to all Chinese in urban and rural areas, improve the quality of medical services, and make medical services more accessible and affordable for ordinary people.     The meeting decided to take the following five measures by 2011:     -- Increase the amount of rural and urban population covered by the basic medical insurance system or the new rural cooperative medical system to at least 90 percent by 2011. Each person covered by the systems would receive an annual subsidy of 120 yuan from 2010.     -- Build a basic medicine system that includes a catalogue of necessary drugs produced and distributed under government control and supervision starting from this year. All medicine included would be covered by medical insurance, and a special administration for the system would be established.     -- Improve services of grassroots medical institutions, especially hospitals at county levels, township clinics or those in remote villages, and community health centers in less developed cities.     -- Gradually provide equal public health services in both rural and urban areas in the country.     -- Launch a pilot program starting from this year to reform public hospitals in terms of their administration, operation and supervision, in order to improve the quality of their services.     Government at all levels would invest 850 billion yuan by 2011 in order to carry out the five measures according to preliminary estimates.     The meeting said the five measures aimed to provide universal basic medical service to all Chinese citizens, and pave the road for further medical reforms.     The meeting also decided to publish a draft amendment to the country's regulation on the administration on travel agencies for public debate.     It also ratified a list of experts and scholars who would receive special government allowances.

BEIJING, Nov. 6 (Xinhua) -- The Agricultural Bank of China (ABC) on Thursday signed an agreement with Central Huijin Co., an investment arm of the government, for a 130-billion-yuan (19 billion U.S. dollars) capital injection in preparation for an eventual stock listing.     Xiang Junbo, the state-owned bank's president, said the injection would boost the bank's capital base, improve its financial status and enhance its profitability.     After the injection, Central Huijin and the Ministry of Finance each will have half of the bank's ownership.     Lou Jiwei, head of Central Huijin's board of directors, said the company would help ABC improve its corporate governance to make it a modern commercial bank with global competitiveness.     According to Xiang, ABC's profit grew 35 percent year-on-year to 98 billion yuan in the first three quarters. As of Sept. 30, deposits totaled 5.9 trillion yuan and loans 3.97 trillion yuan, rising by 690 billion yuan and 300 billion yuan, respectively, from a year earlier. The Agricultural Bank of China (ABC) on Thursday signed an agreement with Central Huijin Co., an investment arm of the government, for a 130-billion-yuan (19 billion U.S. dollars) capital injection in preparation for an eventual stock listing    Of the loans, 1.39 trillion yuan went to agriculture-related projects, up 120 billion yuan year-on-year.     Xiang said one of the bank's major tasks after the capital injection would be to develop its rural network and increase agricultural lending.     The State Council, or the Cabinet, approved ABC's shareholding reform plan on Oct. 21.

NANJING, Jan. 11 (Xinhua) -- Chinese Premier Wen Jiabao on Sunday wrapped up his 3-day inspection tour in eastern Jiangsu Province, during which he urged to enhance confidence and put in place government measures to boost domestic demands.     Wen referred to "confidence" a number of times when he visited local businesses. Chinese Premier Wen Jiabao (2nd L Front) visits Sunshine Group Co., Ltd. in east China's Jiangsu Province, Jan. 9, 2009. Wen made an inspection tour in Jiangsu Province from Jan. 9 to 11.     In the Jiangsu Sunshine Group, a clothes manufacturer, the company head told Wen that although the financial crisis hit the exporting businesses, their orders didn't drop as they kept bringing new products into the market.     Workers were busy working on those orders due before the Spring Festival, Chinese traditional New Year.     "The government's policies have created a favorable environment for businesses, but companies must be more creative and brave to overcome the financial crisis," Wen said. "You not only need to conquer the temporary difficulties, but also improve management, product quality and competitiveness, so as to be competitive in the world market." Chinese Premier Wen Jiabao (2nd L) talks to shoppers at Suguo supermarket in Nanjing, capital of east China's Jiangsu Province, Jan. 10, 2009. Wen made an inspection tour in Jiangsu Province from Jan. 9 to 11.     On Saturday, Wen visited a farm equipment manufacturer in Changzhou city. He asked about equipment sales when the company leader said the government's policies had been a great help for the company's development. The policies include changing value-added tax, enhancing tax rebate and giving allowance to farmers who buy farm equipment.     Wen encouraged the company to make the best farm equipment. "China has the world's largest population of farmers, and we should make the best farm equipment as well. I hope with your efforts, we could make it come true," Wen said.     During the tour, Wen visited many other companies, including oil companies, telecommunications manufacturers and food plants. Chinese Premier Wen Jiabao (R) visits Changfa Group in Changzhou City, east China's Jiangsu Province, Jan. 10, 2009. Wen made an inspection tour in Jiangsu Province from Jan. 9 to 11.     Wen had discussions with experts from different industries on overcoming the current financial crisis. He emphasized on "confidence", and urged to rejuvenate the economic as soon as possible.     Wen also visited Changzhou vocational education base, where he told students that ensuring employment is the government's major task in order to conquer the financial crisis.     "Knowledge is power, safety and happiness," Wen told the students. "I hope all of you can serve the people with your talents." Chinese Premier Wen Jiabao (R) talks to local residents in the Xuanwu District of Nanjing, capital of east China's Jiangsu Province, Jan. 10, 2009. Wen made an inspection tour in Jiangsu Province from Jan. 9 to 11. Chinese Premier Wen Jiabao (2nd R) talks to shoppers at Suguo supermarket in Nanjing, capital of east China's Jiangsu Province, Jan. 10, 2009. Wen made an inspection tour in Jiangsu Province from Jan. 9 to 11.

GENEVA, Jan. 23 (Xinhua) -- The World Economic Forum (WEF) is "very proud" that it has managed to maintain "very positive" ties with China, a senior WEF official has said.     "We all know that China is an important factor in the future evolution and development of worldwide economy. So we are all very interested in what China will be doing," said Andre Schneider, managing director and chief operating officer of the Geneva-based organization.     In a recent interview with Xinhua before next week's opening of the 2009 WEF annual meeting, also known as the Davos Forum, in the Swiss Alpine skiing resort Davos.     More than 40 heads of state or government, including Chinese Premier Wen Jiabao, and some 1,400 business leaders, have confirmed their participation at the five-day meeting scheduled to deal with the ongoing financial crisis and other global challenges.     Premier Wen's participation will certainly be "a unique opportunity" for the world to better understand what are the plans of the Chinese leadership to deal with the crisis, Schneider said.     Schneider noted the first two WEF annual meetings of the new champions, dubbed "Summer Davos Forum," were both held in China, in Dalian in 2007 and Tianjin a year later.     The success of the "Summer Davos Forum," a gathering of new multinational companies from China and across the world to explore the mechanisms of continued and sustainable growth, indicated the strong collaboration between the two sides, he said.     The WEF's choice of China as the host of the "Summer Davos Forum" was "an absolutely right one," he said.     Schneider noted that cooperation between the WEF and China started in 1979, when China first sent a delegation to the Davos Forum.     China and its economic growth has been a topic of interest for participants at the Davos Forum in recent years.     In June 2006, the organization opened a representative office in Beijing, which aims to deal with all interactions with China. "It's a clear sign of our deepened collaboration," he said.

Chinese Premier Wen Jiabao (C front row) talks to students at the Beijing University of Aeronautics and Astronautics, China, on Dec. 20, 2008. Wen arrived in the university's library and chatted with students there on Saturday after attending the closing ceremony of a year-long exchange program between Chinese and Japanese young people.     BEIJING, Dec. 21 (Xinhua) -- Chinese Premier Wen Jiabao has pledged to university students that the government would seek to provide more jobs for graduates and "put the issue of graduate employment first."    "Your difficulties are my difficulties, and if you are worried, I am more worried than you," Wen told the students at the Beijing University of Aeronautics and Astronautics.     Wen made the remarks in a surprise visit on Saturday afternoon after attending the closing ceremony a year-long exchange program between Chinese and Japanese young people together with former Japanese Prime Minister Fukuda Yasuo.     He said the country is in a difficult period as the global financial crisis has continued affecting the country's real economy. The government has begun measures to sustain the economy, such as the four-trillion-yuan stimulus package and interests cuts.     "We are considering taking more measures at proper time. But currently we are most concerned about two issues, migrant workers returning home and employment for graduates," Wen said.     The financial crisis and China's slowing economic growth has forced 4 million migrant workers to return to their rural homes, according to a report from the Chinese Academy of Social Sciences.     The report also said as of the end of this year, 1.5 million graduates are likely to have failed to find jobs, and the country could see an ever tougher employment situation in 2009 as there will be about 6.1 million seeking jobs.     "We are also studying a package to guarantee jobs for graduates and it will kick in soon", Wen said. "The government will encourage major enterprises to increase recruits from graduates, seek more jobs in grassroots, offer opportunities of further study and skill training."     Scientific research projects conducted by companies, institutions and universities should recruit graduates, and companies must not lay off graduates even if times are hard, he added.     Wen reiterated "confidence", saying it is much more important than gold and currency.