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BEIJING, Jan. 14 (Xinhua) -- China's State Council unveiled a long-awaited support package for the auto and steel sectors Wednesday to boost the two "pillar industries". Under the plan, the government will lower the purchase tax on cars under 1.6 liters from 10 percent to 5 percent from Jan. 20 to Dec. 31 in a bid to stimulate sales. It will also allocate 5 billion yuan (730 million U.S. dollars) to provide one-off allowances to farmers to upgrade their three-wheeled vehicles and low-speed trucks to mini-trucks or purchase new mini-vans under 1.3 liters from March 1 to Dec. 31. It will also increase subsidies for people to scrap their old cars and will straighten out and cancel regulations that restrict car purchase. The plan encourages large auto companies, as well as major auto-part makers to expand through mergers and acquisitions so as to optimize resources and improve their competitiveness on the international market. In the next three years, the central government will earmark 10 billion yuan as a special fund to support auto companies to upgrade technologies, and develop new engines that use alternative energies. The government will offer financial support to promoting the use of energy-saving autos and those fueled by new energies, and support automakers to develop independent brands and build auto and parts export bases. The plan also urges improvements in the credit system for car purchase loans. More than 93 percent of Chinese vehicles are sold in the domestic market, but less than 10 percent are purchased on credit. It also requires accelerated upgrading of the steel sector, transforming "big" industry competitors into "strong" international players. It said the industry needed to eliminate outdated technology, and must not establish new projects that merely add to steel output. China also needed to increase domestic demand for steel and adopt a more flexible tax rebate policy to keep international markets. Special funds will be allocated from the central budget to promote technological advancement of the sector, readjustment of products mix and improvements of product quality, according to the plan.
ADDIS ABABA, Nov. 9 (Xinhua) -- China's top legislator Wu Bangguo said here Sunday that China's relations with Ethiopia have been developing quite rapidly in recent years and have been pushed up to a higher level. He made the statement during talks with Speaker of Ethiopian Council of People's Representatives Teshome Toga. "Since our countries established foreign relations with each other, especially, since their comprehensive cooperation partnership was formed in 2003, high-level exchanges between our two countries have been more frequent and bilateral trade has been shooting up," Wu said. "Now our relations have ushered in a new era," he added. Wu said that both China and Ethiopia are developing countries and therefore face the similar issues such as economic development. The rapid booming of both economies have provided new opportunities for deeper and wider cooperation. "This is conducive to the welfare and the basic interests of both countries and peoples, as well as constructive to world's peace and prosperity," Wu said. The Ethiopian speaker agreed with Wu's comments on relations of the two countries and said that Wu's Africa tour, especially, the visit to Ethiopia, is of high importance and can further boost bilateral ties. Teshome Toga also thanked China for its unconditional support for Ethiopia, adding that the two countries can cooperate better in trade, investment and finance sectors. He said that Ethiopia will, as it has done in the past, continue to stick to "One China" policy and Wu expressed his appreciation for his Ethiopian counterpart's firm commitment as such. Wu is on a five-African nation tour. Ethiopia is the third leg of his two-week-long visit to Africa.
BEIJING, Oct. 20 (Xinhua) -- China's top economic planning agency on Monday said it would raise the minimum purchasing price for wheat by as much as 15.3 percent starting next year. The move by the National Development and Reform Commission (NDRC) aims to boost rural income and grain output. The country, with a population of more than 1.3 billion, relies mainly on domestic production for food. By hiking grain purchasing prices the NDRC hopes to motivate farmers to increase agricultural production. The government's minimum purchasing price for white wheat next year will be 0.87 yuan (12.7 U.S. cents) per 500 grams, 13 percent higher than prices in 2008. In addition, prices for red and mixed wheat will be 0.83 yuan per 500 grams, up 15.3 percent. The agency also pledged to further increase subsidies for agricultural production materials, machinery and crop seeds. It will also increase commercial reserves of fertilizer to help ensure market supply and price stability. The NDRC would like to expand China's grain production capacity by 50 million tons. On Oct. 11, China's Ministry of Agriculture predicted an increase in grain output for the fifth consecutive year. According to estimates from the State Grain Information Center, this year's grain output should reach 511.5 million tons, up 10 million tons from 2007. The central government allocated 102.86 billion yuan (15.1 billion U.S. dollars) in agriculture subsidies this year, doubling the money from 2007. The NDRC also plans to raise the minimum purchasing price for rice next year, although it did not give further details.
BEIJING, Dec. 17 (Xinhua) -- Senior Party leader Zhou Yongkang Wednesday asked all law enforcement organs to maintain social stability through careful work at the grassroots level. It will be an important task for all law enforcement organs to create a peaceful social environment next year to welcome the 60thanniversary of the founding of the People's Republic of China, said Zhou, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, at a conference of law enforcement officials nationwide. Law enforcement organs should try their best to find out and properly solve the problems at the grassroots level so as to prevent mass incidents from happening, he said. He also asked them to prevent and crack down upon serious crimes that threatened people's life and property. Law enforcement organs should also contribute to the country's economic work through effective implementation of laws, he said. They were asked to effectively handle cases of violation of economic laws and work to maintain the market order. Next year the country will push forwards the reform on its judicial system, such as to improve supervision on law enforcement organs, Zhou said. He vowed to fight corruption in law enforcement organs.
BEIJING, Jan. 31 (Xinhua) -- A senior official with Communist Party of China (CPC) has urged to ensure social equity and maintain social stability in promoting the country's economic growth. Zhou Yongkang, member of the Standing Committee of the Political Bureau of the CPC Central Committee, made the remark in an article to be published in the journal Qiushi (Seeking Truth), run by the Central Committee of the Communist Party of China on Feb. 1. Zhou, also secretary of the Political and Legislative Affairs Committee of the CPC Central Committee, said that law enforcement organs should push forward reforms of working mechanism and judiciary system. He also stressed that all the law enforcement organs should well comprehend and implement the Scientific Outlook on Development, the Party's new creed, and maintain social stability to celebrate the new China's 60th anniversary of founding on Oct. 1.