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BEIJING, Aug. 5 (Xinhua) -- China vowed to deepen its financial system reform and promote more efficient financial intermediation in support of domestic demand, according to a fact sheet released here on Wednesday. To meet the commitment, China would promote interest rate liberalization and consumer finance, said the economic track joint fact sheet of the first U.S.-China Strategic and Economic Dialogue (S&ED).     It said China would accelerate the allocation of QFII quotas to billion and continue to allow foreign-invested banks incorporated in China that meet relevant prudential requirements to enjoy the same rights as domestic banks with regard to underwriting bonds in the inter-bank market.     China would gradually increase the number of qualified joint-venture securities companies that can participate in A-share brokerage, proprietary trading and investment advisory services subject to the condition of meeting relevant laws and regulations.     The country would also support qualified overseas companies to list on Chinese stock exchanges through issuing shares or depository receipts and continuously support qualified Chinese companies to be listed abroad, including in the United States, said the fact sheet.     From the U.S. side, the country would pursue comprehensive reform of financial regulation and supervision to create a more stable financial system and to help prevent and contain potential future crises.     Regulation and supervision would be strengthened to ensure that all financial firms that pose a significant risk to the financial system will be well regulated, major financial markets will be strong enough to withstand system-wide stress and the failure of large institutions, and the government has the tools it needs to respond rapidly and effectively when problems arise, the fact sheet said.     The United States pledged to continue to have strong oversight of the Government Sponsored Enterprises (GSEs). Through Congressional action, the country remained committed to ensuring that the GSEs were able to meet their financial obligations, it said.     The country was committed to undertaking a process of exploring the future of the GSEs, including through seeking public input, and the U.S. government resolved to report to Congress and the public by S&ED II.     In the joint fact sheet, China and the United States pledged continued close communication and coordination to promote financial stability and would work together to expedite the financial sector reform, to improve financial regulation and supervision, and to promote greater financial market transparency, so as to make their financial sectors more robust.     "We recognize the importance of ensuring sound regulation in our own countries and globally," said the fact sheet.     The two countries were undertaking IMF Financial System Assessment Programs (FSAPs) and would complete them in a timely manner,it said.     Both countries would continue to promote convergence towards a single set of high quality global accounting standards and would continue discussions on financial reporting matters.     "The United States and China welcome continued dialogue between the bilateral competent authorities on the oversight of accounting firms providing audit services for public companies in the two countries based on mutual respect for sovereignty and laws," it said.     The two countries would also conduct technical exchanges on the development of private pensions, and would share experiences and strengthen cooperation with regard to improvement of insurance regulation.     The first S&ED was held in Washington, D.C from July 27 to 28. The mechanism was jointly launched by Chinese President Hu Jintao and US President Obama during their meeting in April in London as a way to show elevation of the importance of China-U.S. cooperation under the new historical circumstances.  

BEIJING, Aug. 13 (Xinhua) -- Chinese food and drug regulators are required to report food accidents to their superiors and local health authorities within six hours, according to a government draft regulation Thursday.     The draft, issued by the State Food and Drug Administration (SFDA), demands that once accidents occur involving 30 or more people, food and drug regulators at or above the county level should report them to their superiors and local health authorities within six hours.     With regard to food safety accidents that occur on campuses, during important nationwide festivities, involve 100 people or more, or kill one or more people, food and drug regulators should not only abide by the "six hour regulation," but also report them to the SFDA "in a timely manner," according to the draft.     Catering service runners, should they find food accidents, are asked to immediately stop using all suspicious food and cooking facilities and protect the site. They are also required to report to medical authorities and food regulators at or above the county level within two hours.     The draft regulation also stipulates that heads at schools, companies or government organs will be held accountable if food accidents occur twice in one year in their cafeterias.     The SFDA also asked food and drug regulators at all levels to formulate emergency plans to deal with food accidents based on local conditions.

BEIJING, Oct.3 (Xinhua) -- The luminous full moon is always faithful to be there when Mid-Autumn Day falls, but Chinese people are going beyond their home and tradition to observe the festival that boasts a history of thousands of years.     Wang Jiayue, 26, celebrated the festival Saturday with her family at a lakeside resort that was 70 kilometers away from her home in Wuhan, central China's Hubei Province. The luminous full moon shines at night when all Chinese around the globe celebrate their traditional Mid-Autumn Day which falls on October 3 this year."We ate moon cakes while drifting on the tranquil lake glistening with the silver moonlight. That was a perfect place to enjoy the moon," she said.     Traditionally, Mid-Autumn Day, as a festival for family reunion like the Spring Festival, is always observed at home, eating moon cakes, but in recent years, creative young people are going to various places in a hope to make the holiday a poetic, romantic and more joyous occasion, partly thanks to the government's decision to make the festival a public holiday. Tourists dance with local people of the Miao ethnic group at Goutan Village in Rongshui County, southwest China's Guangxi Zhuang Autonomous Region, Oct. 3, 2009. Plentiful tourism items in many scenic spots around China attracted many tourists from at home and abroad during the National Day holidayMore than 10,000 travelers Saturday gathered at Tianshan Grand Canyon, 40 km from Urumqi, capital of Xinjiang Uygur Autonomous Region, where they rode horses by the canyon's serene Swan Lake in the day and climbed onto the mountain to gain a closer view of the bright moon at night.     "I enjoyed very much the day when we looked at the golden grassland surrounded by numerous mountains, and it seemed that we were also having a day of the idyllic life of local Kazkhstan herdsmen," said Wang Jianfeng, a tourist.     "And it is so peaceful sitting here to wait for the night to fall and the moon to shine," he added. Visitors take photographs in front of a large-sized flower pot on the Tian'anmen Square in central Beijing, capital of China, on Oct. 3, 2009. Visitors from across the country took a tour here on Saturday during the National Day holidays, the 60th anniversary of the founding of the People's Republic of China.Many people in east Fujian Province chose to spend the day in Taiwan. Xiamen Travel Agency in Xiamen City alone organized more than 50 tourist groups to Taiwan for the holiday.     In Fuzhou, the provincial capital, about 40 percent of the group tours were Taiwan-bounded.     The Sun and Moon Lake in Taiwan was a good place to enjoy the full moon, said Jia Ronglin, general manager of Fujian Tourism Company. Tourists are seen on the Huaguoshan Hill, a famous scenic area in Lianyungang, a city in east China's Jiangsu Province, Oct. 3, 2009. Plentiful tourism items in many scenic spots around China attracted many tourists from at home and abroad during the National Day holiday.EAT, OR NOT TO EAT     Young people are showing little appetite to moon cakes, a must on the Mid-Autumn Day menu. To cater to this group of picky consumers, bakeries, have in recent years introduced diversified-flavor, and usually expensive, moon cakes.     "Actually few young people like moon cakes, but, anyhow, we have to have some as it is a day for that," said Zhang Chao, a young man in Hohhot, capital of northern Inner Mongolia Autonomous Region. He was buying moon cakes at a supermarket.     "So, I prefer small moon cakes. Larger ones or those with delicate packing are too much for me," says Zhang.     For some, they would rather give uneatable "cakes" to their friends.     E-moon cakes are becoming popular among Chinese Internet users.     "Such a moon cake carries as much affection as the traditional edible cakes to my friends, as I have made it with my own hand," said Wang Yue, a student at Shandong University in east China's Jinan City.     An e-moon cake also requires a process of stuffing, baking and packing, but those are done with clicks of the mouse.     There are still people, however, who keep their faith to the traditional flavor of the festival food.     Every day since mid September, Li Shifu has been seeing long queues in front of his bakery in Hohhot.     People queued to wait for Li's moon cakes, which they said were simple but delicious.     Li, his wife and three employees have been busy making moon cakes for more than half a month, and sometimes they can not rest until midnight.

BRUSSELS, Oct. 8 (Xinhua) -- Chinese Vice President Xi Jinping met Thursday with European Commission President Jose Manuel Barroso on bilateral ties, vowing to enhance cooperation between the two sides.     Xi, who congratulated Barroso for his reelection, said China appreciated his efforts in the past five years on boosting development of the comprehensive and strategic partnership between China and the European Union. China believes, too, that the bilateral ties would advance further in a healthy and stable way within the new term of Barroso, Xi said.     Xi said China and the EU, who have formed a pattern of comprehensive, wide-range and multilevel cooperation, have become two important forces to help shape the future international structure into a multipolar world.     Xi put forward a three-point proposal to further strengthen bilateral relations between China and the EU. Chinese Vice President Xi Jinping (R) shakes hands with European Commission President Jose Manuel Barroso during their meeting in Brussels, capital of Belgium, Oct. 8, 2009.    First, to firmly stick to the strategic direction of their bilateral ties. Xi said that to promote the growth of China and the EU's comprehensive and strategic partnership accords with the common interests of both sides and is a right choice benefiting the peoples of China and the EU and the international community as a whole.     Second, to always adhere to the belief of mutual benefit and win-win cooperation. The two sides should mull over tangible ways to properly handle disagreements, to foster new cooperation and to firmly stem the torrent of trade and investment protectionism, Xi said.     Third, to always adhere to the principle of equality and mutualtrust. The Sino-EU relations will remove various obstacles and make progress as long as both sides stick to the principle of "mutual respect and mutual trust, consultation on an equal footing, and seeking common ground while shelving differences," Xi said. It will also be important to bear in mind the overall interests of bilateral relations and respect each other's major concerns, Xi said.     China is ready to work with the EU to build Sino-EU relations into a model of peaceful coexistence and friendly exchanges between countries that transcend civilizations, social systems and development models, Xi said.     Barroso offered congratulations on the success of China's impressive National Day celebrations on October 1, speaking highly of the great achievements of China in the last 60 years.     Sino-EU relations have seen remarkable achievements, he said, adding that the past five years have witnessed frequent top-level exchanges, fruitful personnel and cultural exchanges, and rapid development of economic and trade cooperation.     China and the EU have seen increasing common ground on global issues, including the international financial crisis and climate change, and both sides oppose protectionism and champion a just international order, Barroso said.     In the next five years, the EU will continue developing and promoting the EU and China's comprehensive and strategic partnership and strive to handle disagreements in a mature and responsible spirit so as to further develop bilateral ties, he said.     Barroso also wished the forthcoming Europalia Chinese Art Festival a great success.     Xi arrived here Wednesday for an official visit to Belgium, the first leg of his five-nation European tour. He will also visit Germany, Bulgaria, Hungary and Romania.  

BEIJING, Sept. 8 (Xinhua) -- The Fourth Plenary Session of the 17th Central Committee of the Communist Party of China (CPC) is to be held from Sept. 15 to 18 this year, according to a statement issued Tuesday after a meeting of the Political Bureau of the CPC Central Committee.     The decision was made at Tuesday's meeting, presided over by Hu Jintao, general secretary of the CPC Central Committee.     Participants at Tuesday's meeting discussed a draft document on improving Party building which is to be submitted to the four-day plenary session for deliberation.     The CPC has to improve the Party building to cope with "major development, reform and adjustment in the world" and to better lead all ethnic groups to concentrate on construction and development, the statement said.     To sum up the Party's invaluable experience of strengthening self-building since the founding of the People's Republic of China 60 years ago, and enhance the Party building in the new situation, the CPC should stick to the following principles detailed in the statement:     -- The CPC should be strict with the Party members by conducting strict education, administration, monitoring and self-criticism.     The Party should also make redoubled efforts to improve the Party's work style, build a clean government and fight corruption to maintain its advanced and immaculate nature.     -- The CPC should focus on theological and ideological construction to enable the Party's theory and practice to keep pace with the time and be creative.     -- More efforts will be made to enhance the CPC's creativity, cohesiveness and fighting capacity to guarantee the Party to do a better job in governing and rejuvenating the country, and building socialism with Chinese characteristics.     -- The CPC should stick to scientific and democratic rule and rule by law to make it always a representative of the development requirements of China's advanced social productive forces, the progressive course of China's advanced culture, and the fundamental interests of the overwhelming majority of the Chinese people.     -- The CPC should meet the essential requirements of building the Party to serve the public interests and running the government for the benefit of the people.     -- The CPC should improve itself in an innovative way.