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BEIJING, Feb. 21 (Xinhua) -- The total length of China's rural roads had reached 3.3 million kilometers by the end of 2009, connecting 99.4 percent of towns and villages, a transportation official said here Sunday.Some 381,000 kilometers of roads were built in China in the past year, far exceeding the annual target of 300,000 kilometers, China's Vice Minister for Transport, Feng Zhenglin, said at a conference.By the end of 2009, residents at 35,000 towns and 553,000 villages in China's rural areas were able to take buses to travel, representing 98 percent and 87.8 percent of China's towns and villages, respectively, according to Feng.Li Shenglin, Minister of Transport, vowed at the conference to boost rural passenger transportation.Feng also vowed to improve the highway network that connects towns and villages this year and in the country's 12th Five Year Plan which starts in 2011.

BEIJING, Feb. 22 -- China's stock markets are likely to be fully open to foreign investors within 15 years, according to a leading investment expert.Direct foreign dealing in Chinese stocks is currently restricted through the government's Qualified Foreign Institutional Investor (QFII) scheme.The current annual quota for overseas funds is just billion, a small fraction of the total investment in China's main exchanges in Shanghai and Shenzhen.Stuart Leckie, chairman of Stirling Finance, a leading Hong Kong-based pensions investment adviser, said all restrictions could be off by 2025."All financial institutions will then be able to invest in the stock markets on the Chinese mainland, just as they do in Hong Kong, Japan or any other market," he said."It is 30 years since China's opening up and it will take half as long again for this to happen."He said the Chinese mainland would gradually lift barriers in the same way Taiwan and India have done in recent years.Leckie, author of the book, 'Pensions in China', and who was speaking at the Trade Tech 2010 Investment Conference, was bullish about the outlook for the Chinese market.He said the Shanghai Composite Index could double within the next three years and that it was a matter of if, not when, it returned to its all-time high of 6,124 in October 2007."I am sure the index will double over the next five years but there is a chance it will double in the next three years," he said.Other speakers at the conference were also optimistic about the outlook for investors in Chinese stocks. Michael Wang, head of dealing at the China International Fund Management said the Chinese market was full of opportunities."It is a golden opportunity to invest in China. Blue chip companies are still very cheap," he said. "In the medium term there might be some correction but we won't go back to 2006 levels (when the market was just over the 1,000 level)."Kent Rossiter, head of trading, Asia Pacific, for fund manager RCM, based in Hong Kong and which is part of the Allianz Group, was also confident. "I am really bullish about opportunities. I am worried about volatility, however," he said.Rossiter said some of the volatility was down to the inexperience and lack of competence of some professional investors in the Chinese market."The market needs to develop," he said. "Professional investors need to improve their performances. They have too much of the same mentality as the man on the street in that they just like to buy and sell without taking any view."Leckie added that the Chinese market was not about to repeat the experience of the Nikkei Dow in Japan."China is not about to become another Japan with the level of the index standing at a quarter of what it was 20 years ago."He was not concerned about the poor start to the Chinese markets in 2010 with the major index losing 8 per cent of its value in January and falling through the 3,000 barrier. It increased by 80 per cent in 2009. "Obviously China has got off to a weak start. It was the second worst performing market internationally in January after being the best performing in 2009. It is just living up to its reputation as a volatile index."He said he expected the market, however, to rise by up to 15 per cent in 2010 to a value somewhere between 3,600 and 3,800 from its January 1 level of 3,277. "I think this January decline is overdone."

SHANGHAI, Jan. 22 (Xinhua) -- China's top political advisor Jia Qinglin Friday asked Shanghai, the economic center of the country, to upgrade its growth pattern through technology innovation and environmental protection.In a working tour in Shanghai, Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, said the city should use the upcoming World Expo as a "historical chance" to readjust its growth model and strive for stable and relatively fast economic growth. Jia Qinglin (front), chairman of the National Committee of the Chinese People's Political Consultative Conference, inspects the control center of Yangtze River Bridge-tunnel in Shanghai municipality of east China, Jan. 22, 2010The city on Thursday held the 100-day countdown for the six-month-long mega event.Jia stressed the importance of industrial upgrading, brand marketing, research and development during visits to a shipbuilding factory of the China State Shipbuilding Corporation and the Shanghai Zhenhua Port Machinery Co. Ltd.. Jia Qinglin (front L), chairman of the National Committee of the Chinese People's Political Consultative Conference, inspects Shanghai Zhenhua Port Machinery Corp., in Shanghai municipality of east China, Jan. 22, 2010.

BEIJING, March 1 (Xinhua) -- China's central government has allocated 28.6 billion yuan (4.2 billion U.S. dollars) to support farmers, the Ministry of Finance said in a statement Monday.The bulk of the funding -- 18.6 billion yuan -- would be used to subsidize farmers in growing improved varieties of crops such as rice, corn, and cotton.The other 10 billion yuan would subsidize purchases of farm machinery such as sowers and reapers, said the statement issued to Xinhua.The funding aimed to improve motivation in agricultural production, and stabilize the country's grain production, according to the statement.Farmers across the country would be eligible for the subsidies.The funding was on top of 86.7 billion yuan of subsidy funding to grain-growing farmers nationwide in February.The financial support for agriculture came as severe drought continued in the nation's west and south.The National Meteorological Center (NMC) issued a drought alert on Sunday warning the severe drought would continue over the next three days.The State Flood Control and Drought Relief Headquarters said Saturday the drought, which started at the beginning of February, had affected 69.6 million mu (4.64 million hectares) of arable land and left 12.7 million people and 8.4 million heads of livestock short of drinking water.

GUANGZHOU, Feb. 14 (Xinhua) -- As the bell struck midnight Saturday to usher in the New Year, a real-name train ticket selling experiment ended in southern China's Guangdong Province.The move has turned out to be helpful in easing ticket shortages during a travel peak season before the Spring Festival, or Chinese Lunar New Year, but failed to uproot scalpers.In 15 days, the operation initiated by the Ministry of Railways among nine stations run by Guangzhou Railway Group has benefited 600,000 travellers who went on their journeys home from Guangdong since Jan. 30 to inland provinces of Hunan, Sichuan and Guizhou, and Chongqing Municipality.The stations were in cities whose economy heavily relies upon migrant workers, including Guangzhou, Shenzhen, Foshan, Dongguan and Huizhou, all in Guangdong, known as "Factory of the World".With the real-name ticket selling scheme, gone were those long waiting queues -- which had been ubiquitous before the experiment-- at the entrances of Guangzhou Railway Station where transportation task is usually the heaviest around important traditional festive seasons such as Spring Festival.Xiong Xiaoyan, who was heading for her home province of Guizhou, southwest China, was surprised to find the ticket-checking process taking only 10 seconds."I thought the waiting line would be much longer than normal as the identity card check was supposed to take more time", she said, "I didn't expect it to be so prompt!"Huang Xin, director of the passenger transport section of the Guangzhou Railway Group, attributed the efficiency to the improved ticket check-in infrastructure. "We used to have only seven to eight ticket gates. Now the number has grown up to 108," Huang said.At each entrance gate to the platform, an identity recognition system was put into place. Inspectors could scan a traveller's ticket and his or her ID card separately on two sets of equipment: screens will immediately display the information about a ticket purchaser and the ID card holder with photos. If the names and codes on the ticket and ID card matches, inspectors will stamp the ticket and let go the traveller.Huang said that this year's pre-Spring Festival single-day traffic record had overtaken that of last year to 232,000 people on Feb. 28."I think the pilot operation has successfully passed the ticket check-in test as the extra procedure aiming to secure fairness cut rather than prolong travelers' waiting time," said Huang.Dozens of train stations in Hunan, Sichuan, Chongqing and Guizhou, home to a huge number of migrant workers, started to pilot the real-name train ticket selling scheme on Sunday.Tens of millions of migrant workers go back home before the Spring Festival for often once-in-a-year family reunions. They return to cities after the festival.The scheme runs through March 10.SCALPERS CORNERED NOT UPROOTEDBefore the name-based system was adopted, travellers had long complained about scalpers worsening the ticket shortage problem by stockpiling tickets and reselling them at higher prices as the country's railway transport capacity falls far short of its annual Spring Festival traffic demand.During this travelling season from Jan. 30 to March 10, the railways were expected to transport 210 million passengers, up 9.5 percent year on year, or 5.25 million passengers per day, according to the Ministry of Railways.Migrant worker Wang Xiangneng from central Hunan Province thought the real-name system had put a curb on scalpers. "Anyone can buy a ticket either by phone calls or at ticket booths now. It is really first-come and first-served," said Wang.Taking himself as example, Wang said that a one-way ticket for a hard seat from Guangzhou to Shaoyang priced at 51 yuan used to be sold at least 200 yuan by scalpers in the past."If we were able to secure a ticket from the station or authorized outlets, we could have several days' pay spared. That is not a small amount for us," he said.But there are people always trying to beat the new system to make illegal profits. Police in Guangdong have captured 837 illegal ticket vendors and confiscated more than 2,500 scalped tickets by Feb. 8.In Chongqing, local police have also cracked down on several ticket scalping cases.From two suspects, the police have seized 37 real-name tickets, 115 IDs for ticket booking via phone calls and four household registration booklets. The two suspects surnamed Wang and Gou separately confessed they would charge an extra 20 to 30 yuan for each ticket.Yue Jinglun, director of the Social Policy Research Institute of the Guangzhou-based Sun Yat-sen University, said there was much to be done to prevent the real-name system from being taken advantage of by scalpers."No one would deny that the trial operation has been a very positive step in securing fair distribution of scarce train ticket resources. The key is to constantly optimize the system, rather than abandoning it for fear of defects," he said.Huang Xin said the way to tackle train ticket shortage problem from the root was to expand the country's railway transport capacity. "At the core this is supply-and-demand problem," he said.

来源：资阳报