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CHENGDU, Oct. 26 (Xinhua) -- China's central government has pledged to help its Macao Special Administrative Region (SAR) to cope with the impact of the ongoing international financial crisis.     It was revealed by Vice Premier Li Keqiang when meeting the SAR's Chief Executive Ho Hau Wah in Chengdu, capital of southwest Sichuan Province on Sunday.     Ho arrived here on Sunday, leading a delegation of the SAR to attend the Ninth Western China International Economy and Trade Fair.     The Vice Premier said the central government would give all-out support to the SAR's Chief Executive and government in administration in line with laws. It would actively assist the SAR's government to maintain stability and prosperity of the region.     Li also praised the SAR's government for promoting Macao's exchange and cooperation with the country's inland regions and hoped that Macao could make more contribution to economic construction and development in China's western region.

WASHINGTON, Nov. 14 (Xinhua) -- Chinese President Hu Jintao arrived in Washington Friday for a summit to discuss issues concerning financial markets and the global economy.     President Hu, and other leaders from the Group of Twenty (G20) members, have been invited by U.S. President George W. Bush to Saturday's meeting, the first in a series of summits to mitigate what economists predict could be a long and deep downturn.     Later in the evening, the Chinese president is expected to attend a dinner hosted by Bush for all the leaders.     "The leaders will review progress being made to address the current financial crisis, advance a common understanding of its causes, and, in order to avoid a repetition, agree on a common set of principles for reform of the regulatory and institutional regimes for the world's financial sectors," said White House spokeswoman Dana Perino last month in making the announcement of the summit.     At a press briefing last week, Chinese Vice Foreign Minister He Yafei said that China expects to build a fair, inclusive and efficient international financial system.     "We hope to consult with other participants to reform the international financial system and finally try to establish a fair, inclusive and efficient system," He said.     He said that China would take an active part in the summit-related activities in a constructive attitude, work together with all the parties for the achievement of pragmatic outcome, and impel the international community to tackle the financial crisis in a timely, comprehensive and effective manner.     The members of the G20 include Argentina, Australia, Brazil, Britain, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United States, and the European Union.     The managing director of the International Monetary Fund (IMF),the president of the World Bank, the secretary-general of the United Nations and the chairman of the Financial Stability Forum have also been invited to the Washington summit.     Washington is the first leg of President Hu's five-nation trip. He will later pay state visits to Costa Rica, Cuba, Peru and Greece. During his stay in Peru, he will attend the Economic Leaders' Informal Meeting of the Asia-Pacific Economic Cooperation(APEC) forum in Lima.

ASTANA, Oct. 30 (Xinhua) -- Chinese Premier Wen Jiabao said here Thursday that China will maintain contact with Iran and conduct mutually beneficial cooperation with the country.     The Chinese premier made the remark at a meeting with Parviz Davoodi, first vice president of Iran, on the sidelines of the 7thprime ministers' meeting of the Shanghai Cooperation Organization (SCO) in Astana, the capital of Kazakhstan.     Iran is an observer of the SCO. Chinese Premier Wen Jiabao (R) shakes hands with Parviz Davoodi, First Vice President of Iran, which is an SCO observer, in Astana, capital of Kazakhstan, on Oct. 30, 2008. Wen spoke highly of the traditional friendship between the peoples of China and Iran.     The premier said the Chinese side is willing to expand cooperation with Iran in compliance with the UN charter and on the basis of the five principles of peaceful coexistence, which will not only bring benefits for the two peoples but also be conducive to regional peace and stability.     Davoodi congratulated China on the success of the Beijing Olympics and Paralympics.     He said Iran-China relations are based on mutual respect, equality and mutual benefit, and that Iran hopes to enhance cooperation with China in fields such as politics, trade and economy.     Davoodi outlined the progress of the Iranian nuclear issue, saying Iran is willing to solve the issue through negotiation.     Wen said China believes Iran, a contracting state of the Treaty on the Non-Proliferation of Nuclear Weapons, has the right to peaceful use of nuclear energy.     Meanwhile, China calls for the maintenance of the international nuclear non-proliferation system, and thinks Iran's nuclear issue should be solved peacefully through dialogue and negotiation, Wen said.     The Chinese premier expressed the hope that Iran will continue to show flexibility on the nuclear issue, actively address concerns of the international community, and restore negotiations on the issue as soon as possible.     He said China will keep on playing a constructive role in promoting the appropriate settlement of the Iranian nuclear issue.     Wen arrived here Wednesday evening on a three-day official visit to Kazakhstan to attend the 7th prime ministers' meeting of SCO member countries.     The SCO, a regional organization founded in June 2001, comprises China, Russia, Uzbekistan, Tajikistan, Kyrgyzstan and Kazakhstan, with Mongolia, India, Iran and Pakistan holding observer status.

BEIJING, Oct. 18 (Xinhua) -- China Banking Regulatory Commission (CBRC) chairman Liu Mingkang has urged the banking sector to closely watch the impact of the turbulent international financial environment against the domestic financial market and improve capabilities of risk management.     Speaking at a recent CBRC meeting focusing on the economic and financial situation in the third quarter, he demanded the country's banking sector learn lessons from the U.S. financial crisis and take measures to raise competitiveness.     He outlined several major missions for the country's banking sector:     -- implementing macro-economic control policies and making all-out efforts in pushing reform and renovation of the financial system in rural areas.     -- continuing to focus on credit risk control and precautions.     -- strengthening risk control on overseas investment and actively facing the challenges of turbulence in the international market.     -- improving internal management.     -- summing up lessons and experience from the global financial crisis and adjusting operating concepts and methods.     Liu added the CBRC would enhance its supervision and management on risk and safeguard a stable and healthy development of the country's banking sector

BEIJING, Dec. 14 (Xinhua) -- Chinese media selected the 10 most popular phrases from the past three decades to mark the official 30th anniversary of China's reform and opening up, which falls on this month.     When China began to reform and open-up 30 years ago, people began experiencing, seeing and doing new things. In fact things were so new, they needed to create new words to describe what was happening.     In order of popularity, starting with number one:     "Go in for business"     In the 1980s when China was starting to transition from a planned economy to a market economy, it had a two-track pricing system (official and market prices) for industrial raw materials, including steel, non-ferrous metals, timber and coal.     Seeing business opportunities within the pricing system, many people, especially government employees and those from state-run factories or institutes, quit their jobs to open their own businesses.     "Going for business" was often used to refer to the phenomena of people breaking away from the constraints of a planned system to embrace the market economy. 　　"Be laid off and get re-employed"     To adapt to the market economy and improve competitiveness of state-owned enterprises (SOEs) in the 1990s, China began restructuring.     "Encouraging mergers, standardizing bankruptcy, laying off and reassigning redundant workers, streamlining for higher efficiency" was a guideline in the SOEs reforms.     No official statistics show how many workers were laid off during that period, but experts estimate the number could be tens of millions.     To avoid social unrest and help most of those workers find new jobs, the Chinese central government offered occupational trainings, small loans and preferential tax policies.     "Migrant worker"     China's reform and opening-up drive started in rural areas in 1978 with collectively-owned farmland contracted to individual families. This freed about 100 million peasants from farm work.     However, most of these people were tied to the countryside by a residence-based rationing system for virtually everything, including food. About 63 million of these former farmers were given jobs in village-run enterprises that mushroomed in those days.     A policy change in 1984 allowed them to find jobs in cities but the massive migration of rural laborers didn't start until after China decided to move to a market economy in 1992.     The rapid inflow of investors created many construction, factory and mining jobs, most of which urban dwellers consider too tiring or dirty.     The number of migrants grew from 60 million in 1992 to 120 million in 2003 and 210 million this year, according to central government figures.     The work of the migrant population has generated 21 percent of China's gross domestic product in the past 30 years, the Chinese Academy of Social Sciences has found. But migrant workers face various problems, including delayed pay schedules, no or low work-place injury compensation, lack of health care and little schooling for their children.     "It doesn't matter if a cat is black or white, so long as it catches mice."     This sentence was used by late leader Deng Xiaoping, chief architect of China's reform and opening-up, on different occasions to clear up doubts as to whether the economic reform was capitalist or socialist.     The sentence helped stop ideological arguments at the early stage of reform and encouraged generations of Chinese to pursue their dreams in the market economy. 　　"Surfing the Internet"     The Internet was introduced in China more than 10 years ago. It quickly gained popularity and impacted society.     While online music, instant communication services, video streaming and online games greatly entertained millions of Chinese, the Internet also became a powerful news medium where information was disclosed, shared and publicized quickly.     Through June, China had 221 million netizens, according to the Data Center of China Internet (DCCI). The netizen population, which had already surpassed that of the United States to become the world's largest, would increase to 263 million by the end of this year, DCCI forecasted.     E-commerce transactions amounted to 2 trillion yuan (about 300 billion U.S. dollars) in 2007 and 25 percent of netizens had bought something online after "surfing the Internet" as of June this year. 　　"Reform and opening-up"     In 1978, a group of villagers from Xiaogang village in eastern Anhui Province decided to adopt a household contract responsibility system, which entrusted the management and production of public owned farmland to individual households through long-term contracts.     Later the system, described by then Chinese leader Deng Xiaoping as "a great invention of Chinese farmers", was widely adopted across the country and triggered economic reform.     Over the past 30 years, the country witnessed significant changes in comprehensive national strength, people's living standards and international influence thanks to the reform and opening-up policy.     China's share of the world's combined gross output rose to 6 percent at the end of 2007, compared with just 1.8 percent in 1978when its reform and opening-up began, according to the National Bureau of Statistics (NBS).     Fast economic growth over the past 30 years lifted China's GDP ranking in the world from 10th in 1978 to fourth after the United States, Japan and Germany     According to the NBS, China's per capita income jumped to 2,360U.S. dollars in 2007 from 190 U.S. dollars in 1978.     "Beijing Olympic Games"     Many believe that without opening-up, it would be impossible for China to host the 2008 Beijing Olympics.     The Games, commended by International Olympic Committee (IOC) President Jacques Rogge as "truly exceptional", were seen by the world as China's come-of-age show on the international stage.     China grabbed a total of 100 medals at the Beijing Games -- a coincidence as the country dreamt for 100 years to be the Olympic host -- and overtook the United States to top the gold medal count with 51.     As the most watched Games in history, with an estimated 4.5 billion TV and Internet viewers, the Beijing Olympics attracted the most participants, who were from a record 204 countries and regions.     "Speculate in stocks"     In 1990, China opened its first stock exchange in Shanghai, the country's industrial and financial center. In 1991, it set up its second bourse in Shenzhen, the country's first special economic zone.     China witnessed waves of stock crazes over the years and fluctuations in the stock market touch the nerves of millions of Chinese.     In 2007, the country saw a bull stock market, with the key benchmark Shanghai Composite Index soaring from 2,728 points in January to 5,261 points, or 92.85 percent, on December 28.     In fact, the market has been on a bullish run for 29 months from June 6, 2005 to November 2007, longer than the general bullish market cycle of 17 to 24 months.     But it has dipped since last November.     "Chinese characteristics"     The phrase became well-known as an answer by late leader Deng to the question of how China could improve its productivity and people's lives with its less-developed economy.     Deng's answer was "to build socialism with Chinese characteristics". It means China has its own way of development rather than copying other countries' experiences.     The phrase is frequently quoted by the Chinese and used in China's official documents.     "Rise abruptly"     The phrase, or "Xiong Qi" in Chinese meaning "Go! Go!", is a dialect of southwest China's Sichuan Province. It was originally used by football fans to inspire teams in the 1990s.     The phrase soon became popular among the Chinese public and was used widely outside the sports field to encourage people to keep up their spirits.     After the May 12 earthquake in Sichuan, Chinese used the phrase to show their care and support to the quake-affected areas and people.     The 10 phrases were selected by 15 Chinese media, including the Beijing Evening News, the Shanghai Evening Post, the Tianjin-based Jin Wan Bao, the Guangzhou-based Yangcheng Evening News and the Shanxi Evening News.     Newspapers, which are based in 15 provinces and municipalities, started soliciting catch phrases from the public in October, according to the Beijing Evening News.     The list, voted on by readers and netizens, was publicized in Shanghai on Saturday.