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BEIJING, Nov. 19 (Xinhua) -- Chinese shares staged a broad-based rebound on Wednesday, making up the previous day's losses after an overnight rally on Wall Street. The benchmark Shanghai Composite Index finished at 2,017 points, a gain of 6.05 percent. The Shenzhen Component Index rose 6.14 percent to 6,679 points. Combined turnover shrank to 120.81 billion yuan (17.26 billion U.S. dollars) from the previous day's 145 billion yuan. Gains outnumbered losses by 865 to eight in Shanghai and 743 to two in Shenzhen. Almost all sectors rose, with more than 200 stocks up by the daily limit of 10 percent. An investor looks at the electronic board in a stock exchange in Shanghai, east China, Nov. 19, 2008. The benchmark Shanghai Composite Index finished at 2,017 points, a gain of 6.05 percent The Shanghai index fell more than 6 percent on Tuesday over fears of a spreading global slowdown, exacerbated by profit-taking. Shares rebounded sharply in the afternoon on Wednesday as investors bought up energy and bank stocks, which had fallen heavily on Tuesday. Oil, telecom and banking sectors led the rise. Sinopec rose by 10 percent to 8.37 yuan. PetroChina was up 7.49 percent, closing at 11.91 yuan. China Citic Bank gained 6.51 percent to 4.42 yuan. Telecom shares surged on reports of an imminent approval of 3G licenses. China United Telecommunications rose 10 percent to 6.03 yuan. A Guangfa Securities note said the rebound showed investor confidence had risen after Tuesday's decline. The sharp rises of energy and banking stocks showed institutional investors were optimistic over market prospects.
BEIJING, Oct. 24 (Xinhua) -- China held a reception here on Friday to commemorate the 30th anniversary of the China-Japan Peace and Friendship Treaty signing, calling on both nations to make joint efforts to further boost bilateral relations. President Hu Jintao and visiting Japanese Prime Minister Taro Aso attended the reception. Recalling the history of the Sino-Japanese relations, Hu said 30 years ago senior leaders, including late leader Deng Xiaoping and ex-Japanese Prime Minister Takeo Fukuda, made a strategic decision to sign the treaty. He called it an important historic document in bilateral ties since the normalization of relations in 1972. Hu said the treaty had for the first time nailed down the general direction of bilateral ties featuring peaceful co-existence and long-term friendship. He added it had played an important role in pushing forward the ties in a correct fashion. Since then, peace, friendship and cooperation remained in the mainstream of the relation despite some twists and turns, he said. The four political documents signed between the two countries had laid a political foundation for the long term stable development of bilateral ties, Hu said, adding both sides had made hard-won progress in cooperation in various areas. After the normalization of the ties, the political and economic exchanges between the two nations had developed quickly. On Oct. 23, 1978, China and Japan exchanged documents of ratification of the Treaty of Peace and Friendship during the visit of the then Chinese Vice Premier Deng to Japan. This had become one of the four important political documents (the other three are the joint statement in 1972, the joint declaration in 1998 and the joint statement in May) for the ties. Hu thanks all those who had contributed to cementing the China-Japan friendship, adding insightful officials of two countries, including the seven Japan-China friendship institutions, had made great efforts to push forward bilateral friendship, despite the variety of domestic and international situations. The Sino-Japanese relations were at a new starting point to create history and faced important opportunities for further development. "We are willing to work with the Japanese side to increase political mutual trust, intensify cooperation and friendly exchanges to advance China-Japan strategic and reciprocal relations," Hu noted. Aso highlighted the bilateral exchanges and cooperation of the past 30 years, attributing the development of the relation to people who were working hard to push forward the ties. China and Japan are permanent neighbors, and the relations between the two should be in the nature of indispensable partnership. Aso called on the two countries to continue their dialogue and exchanges at various levels and cement consultation and cooperation in aim to achieve joint development and help to promote the stability and prosperity of Asia and the world. Aso arrived in China on Thursday evening to attend the seventh Asia-Europe Meeting. It was his first visit since taking office last month.
BEIJING, Oct. 22 (Xinhua) -- China called on Vietnam for cooperation in the South China Sea to discover ways to address bilateral disputes over the region. In a meeting here with visiting Vietnamese Prime Minister Nguyen Tan Dung on Wednesday, Chinese President Hu Jintao proposed the two neighboring countries always keep the overall situation of the bilateral relations in mind and make efforts to strengthen bilateral efforts and properly settle the issues concerning the South China Sea. "We should make it (South China Sea) a place of peace, cooperation and friendship," Hu said. Nguyen said Vietnam would insist on the negotiation for the peaceful and lasting resolution of the issue and reduce the differences based on mutual trust, respect and understanding. Chinese President Hu Jintao (R) meets with visiting Vietnamese Prime Minister Nguyen Tan Dung at the Great Hall of the People in Beijing, capital of China, Oct. 22, 2008. Nguyen Tan Dung was here for an official visit and to attend the Seventh Asia-Europe Meeting (ASEM7) scheduled for Oct. 24-25 Vietnam was willing to resolve disputes with China concerning the issue in a spirit of cooperation and brotherhood and to cement the bilateral ties in the South China Sea in fields such as oil and natural gas exploration, environmental protection, marine rescue mission and in combating against piracy, he noted. Nguyen arrived in China on October 20 at the invitation of Chinese Premier Wen Jiabao. He will attend the Seventh Asia-Europe Meeting (ASEM7) here on Oct. 24-25.
BEIJING, Oct. 27 (Xinhua) -- General Secretary of the Communist Party of China (CPC) Central Committee Hu Jintao has urged Party schools at all levels to play more important roles in the Party and country's development. Hu, also Chinese President and Chairman of the Central Military Commission, made the remark when he gave a keynote speech to a meeting attended by delegates of the Party schools across the country in Beijing on Monday. General Secretary of the Communist Party of China (CPC) Central Committee Hu Jintao (C), also Chinese President and Chairman of the Central Military Commission, gives a keynote speech to a meeting attended by delegates of the Party schools across the country in Beijing, capital of China, Oct. 27, 2008. Xi Jinping (2nd L), president of the Party School of the CPC Central Committee and also member of the Standing Committee of the Political Bureau of the CPC Central Committee, chaired the meeting. Senior leaders Li Changchun (2nd R), He Guoqiang (1st R) and Zhou Yongkang (1st L) also attended the meetingIn his speech, Hu stressed that to deal with various challenges and problems foreign and domestic, the Party and the government need a large number of officials who are capable, clean-handed and whom the people could trust. "Party schools at all levels have an important responsibility in training and improving official's capabilities," Hu said in his speech. "Party committees at all levels should regard the Party school construction as one of the fundamental works." Hu urged Party schools to adopt reforms and innovative policies in improving their qualities of education. Party schools should act as a main channel for the Party to train officials on a large scale and increase their abilities to take both foreign and domestic situations into policy making, Hu said. Party schools should also help the officials improve their abilities to govern the Party itself and resolve its internal problems, he added. He said that Party schools should act as an important theoretical academy of the Communist Party. Party schools are expected to provide theories of socialism with Chinese characteristics and make the theories understandable, acceptable and adoptable for the officials. Innovation in socialism theories should be an essential job for the Party schools, Hu said in the speech, adding that the schools should also unite theories with practice and serve the Party and governments at all levels in decision making. Another important role that the Party schools should play is imparting modern scientific knowledge, Hu said. Party schools should cultivate officials with more loyalty to the Party, he said. Xi Jinping, president of the Party School of the CPC Central Committee and also member of the Standing Committee of the Political Bureau of the CPC Central Committee, chaired the meeting. Senior leaders Li Changchun, He Guoqiang and Zhou Yongkang also attended the meeting.