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BEIJING, July 27 (Xinhua) -- The China National Petroleum Corp. (CNPC), the country's largest oil producer, planned to cut its workforce by 5 percent in upcoming three years as its profits had been squeezed by heavy refining losses. The oil giant had 1.67 million staff last year, which meant more than 80,000 of them would be laid-off within three years, Beijing News reported. The move followed CNPC's earlier announcement to cut non-production spending by 10 percent from a year earlier, the paper said. The China National Petroleum Corp. (CNPC), the country's largest oil producer, planned to cut its workforce by 5 percent in upcoming three years as its profits had been squeezed by heavy refining losses. CNPC's profit before tax dropped by 39 percent year-on-year to 56.4 billion yuan (8.3 billion U.S. dollars) in the first half year as a result of refining loss and windfall taxes on crude oil sales. To reduce costs, CNPC halted or cut investment in 49 projects in June, saving the company up to 20.72 billion yuan. PetroChina, CNPC's listed arm, announced last month to issue no more than 60 billion yuan to "satisfy the operational needs of the company, further improve its debt structure, reduce financing costs and supplement working capital."
BEIJING, May 6 (Xinhua) -- Premier Wen Jiabao said on Tuesday that China supported the Caribbean integration process. "China will strengthen dialogue with the Caribbean community based on mutual respect, reciprocity and equality to promote south-south cooperation and achieve common prosperity," said Wen. Chinese Premier Wen Jiabao (L) hosts a welcoming ceremony for his counterpart of Barbados David Thompson in Beijing, capital of China, May 6, 2008. Wen Jiabao held talks with David Thompson on May 6. He made the remarks during a meeting with David Thompson, prime minister of Barbados, who arrived in Beijing on Monday for a four-day official visit to China. Wen said China and Barbados had maintained good cooperation in the areas of trade, technology, and personnel training as well as in such international organizations as the United Nations. "Both China and Barbados are developing nations and enjoy common interests," Wen said. He vowed to expand cooperation with Barbados on trade, tourism, architecture and sustainable development. Thompson expressed gratitude for China's support to his country's economic and social development. He said Barbados attached importance to relations with China and would continue adherence to the one-China policy. He also said that Barbados supported the Beijing Olympic Games and China's participation in the Inter-American Development Bank.

BEIJING, Oct. 10 (Xinhua) -- China's central bank on Friday said it will continue international cooperation to tackle the global financial crisis and maintain market stability. The pledge came two days after the People's Bank of China (PBOC) announced an interest rate cut in a co-ordinated global move to revive solvency in the international financial system. The PBOC on Wednesday cut the benchmark lending and deposit rates by 0.27 percentage points and the reserve requirement ratio by 0.5 percentage points amid growing fears of a slowing economy and falling equities market. "The PBOC will continue close contacts and cooperation with counterparts and international financial organizations to jointly maintain stability of global financial market," PBOC spokesman Li Chao told Xinhua. The PBOC would closely watch the developments and effects of the crisis and take timely and flexibly measures according to changes in the domestic and international situations to guard against financial risks, Li said. The global economic slowdown reduced demand for Chinese exports and inevitably affected China's economy, he said. The central bank was fully confident and capable of dealing with the crisis and maintaining stable and relatively fast economic growth. "China has a huge domestic market and the liquidity is abundant," he said. "As long as we take strong measures to boost domestic demand, the economy has big potential for sustainable growth." A PBOC statement on the third-quarter meeting of its monetary policy committee said it would take flexible and prudent macro-economic control measures to boost economic growth. The PBOC was not optimistic in its global economic outlook as intensifying fluctuations in the financial markets had affected the real economy. It said it would boost coordination between monetary policies and fiscal, industry, export and financial regulation policies to help transform economic growth mode and boost domestic demand to balance international payments.
MIANYANG, Sichuan Province, June 7 (Xinhua) -- Chinese Premier Wen Jiabao on Saturday visited with some earthquake survivors who had resettled in public camps in Sichuan Province's Mianyang City. For refugees staying in low-lying lands in the southwest Chinese province, they were also at threat from the huge "quake lakes" bursting their banks. The 8.0-magnitude tremor on May 12, which had claimed at least 69,134 lives to date, had created the threatening 200 million cubic meter Tangjiashan quake lake which overlooks Mianyang, about 70 meters above the city. The local government is currently relocating more than 210,000 people to safer grounds. In his third visit to the province since the quake, Wen said ina camp harboring hundreds of the quake homeless, "I hope you would understand our efforts to resettle you away from your home to a relatively safe place because the swelling quake lake is so dangerous." "Yes, we understand," the locals replied. Chinese Premier Wen Jiabao (R Front) embraces Wang Shichen, a 12-year-old primary school pupil of grade six, when he inspects the resettlement at Meirui Textile Company in Mianyang, a city in quake-hit southwest China's Sichuan Province, June 6, 2008 "We are trying all out to drain the quake lake in accordance with our contingency plans but anything could happen under such complicated climatic, geologic and environmental conditions," Wen said. "We appreciate all your efforts and cooperation with the government to defuse this time bomb." "We are grateful to you, Mr Premier," 60-year-old villager Wu Xiaofeng said. "The priority of our resettlement task is to make sure everyone will be safe," Wen replied. "You visited Sichuan thrice, and you should take good care of yourself," a young man chimed in. "It's my duty," Wen said. "I'm less unsettling after hearing your consideration. I'm afraid people suffering from so much might become jittery and impatient. Are you?" he asked. "It's okay," one woman replied. "This is a massive disaster to not only the nation, but also to everyone here," he said. Chinese Premier Wen Jiabao (2nd R) visits quake-affected people at the resettlement in the Mianyang Branch of Sichuan Conservatory of Music, in Mianyang, a city in quake-hit southwest China's Sichuan Province, June 6, 2008Wen then walked into a makeshift police station to ask the officers to be extra alert while patrolling the residence camps at this unusual time. After shaking hands with an old woman who was sitting on the lower part of a bunk-bed in a big tent, Wen asked whether she felt uncomfortable staying with others. Showing consideration for others, 87-year-old Mao Fengying said, "Rescue workers from the armed forces are really exhausted. They need better living conditions in the tents." Touched by this request, Wen then passionately asked the armed forces commanders to improve the living conditions of soldiers. He then bid farewell to Mao to leave for the next site. Twelve-year-old Wang Shichen raised a question for Wen. "How long do we have to stay here and when shall we go back home?" "I think you might go (home) after the drainage," he said. "Could I hug you?" the boy said after his question. Wen hugged him immediately. At a temporary retirement home in the camp, Wen greeted 100-year-old Chen Jiazhen. "You would work hard," the centurion told Wen. "Of course, I will," the premier responded with sincerity. Seeing an old man writing a letter of gratitude to the armed forces rescuers and volunteers, Wen said he was also willing to write some words. "Respect and strength," he wrote on the reverse side of the old man's letter.
JIUQUAN, Gansu, Sept. 23 (Xinhua) -- The crew of China's Shenzhou-7 space mission is scheduled to meet the press at 17:30 on Wednesday. In addition, the headquarters of China's third manned space mission will hold another press conference at 14:30 Wednesday. The crew, who will conduct the first Chinese space walk, is waiting for a launch window at Jiuquan Satellite Launch Center in northwestern Gansu Province. Depending on weather, the launch is scheduled between Sept. 25 and 30. The undated photo shows technicians help the Shenzhou-7 manned spaceship to dock with the Long-March II-F rocket at an assembly plant. The spaceship has been finished docking with the rocket recently. The Shenzhou-7 spacecraft will send three Chinese astronauts who will make a historical spacewalk. Six Chinese astronauts are ready for the mission, three pilots who will finally be aboard and three substitutes. However neither the military or the mission's headquarters has officially released their identities, even though many local websites had reported various stories on six favorites. According to the headquarters' release, three pilots and three substitutes said they were fully confident to successfully accomplish the mission. After three hours of tests and safety examinations in the last rehearsal on Monday, the mission has been given the green light. Scientists working for the mission said on Tuesday that the carrier rocket of the spacecraft was ready to be fueled, bringing the launch to the countdown status.
来源:资阳报