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BEIJING, Feb. 4 (Xinhua) -- The Chinese government Friday initiated a relief and assistance program for eight drought-ravaged provinces, said a statement on the website of Ministry of Agriculture.The government had implemented a grade II emergency response, meaning a 24-hour alert, daily damage reports, and the dispatching of experts and relief materials, said the statement.The ministry had sent teams to help with relief work in the provinces of Hebei, Shanxi, Jangsu, Anhui, Shandong, Henan, Shaanxi and Gansu, said the statement.The four-month drought had affected 35.1 percent of wheat crops, -- 96.11 million mu (6.4 million hectares) -- accounting for 21.7 percent of total farmland in the provinces, it said.The wheat growing area in the eight provinces accounted for more than 80 percent of the country's total, said the statement.The provinces have received little rainfall since October last year, it said.

BEIJING, Feb. 9 (Xinhua) -- China has introduced new stimulus policies to boost the development of the software and integrated circuit (IC) industries.Software firms will continue to enjoy preferential value-added tax policies, according to a circular posted on the central government's website, www.gov.cn on Wednesday. The circular was dated Jan. 28.The new policies also granted tax cuts to manufacturers of integrated circuit. Enterprises of IC products whose product line is less than 0.8 micron (including 0.8 micron) wide will be exempted from corporate income taxes on the first and the second year after reaching profitability, according to the statement.Taxes will also be halved for such companies from the third to fifth year after reaching profitability.Makers of IC products that have a product line that is less than 0.25 micron wide or have invested more than 8 billion yuan (1.21 billion U.S. dollars) in production will pay reduced income taxes.For companies that have operated for more than 15 years, corporate income taxes will be exempted from the first year to the fifth after reaching profitability.Between the sixth and the tenth year, the firms will pay half of the taxes, the statement said.The government also encouraged consolidation in the software and IC industries and will provide financial support to technological research and development.

BEIJING, Jan. 26 (Xinhua) -- The Chinese government Wednesday raised the minimum down payment requirement for the purchase of second home to 60 percent of the property's value from 50 percent, to curb property market speculation.The decision was announced in a statement released after an executive meeting of the State Council, China's cabinet, which was presided over by Premier Wen Jiabao.File photo taken on Nov. 14, 2010 shows a newly built residential community in east China's Shanghai Municipality.

CHICAGO, Jan. 20 (Xinhua) -- Chinese President Hu Jintao arrived here on Thursday afternoon from Washington, after meetings with U.S. President Barack Obama on major bilateral and world issues.During their talks Wednesday, the two leaders agreed to build a China-U.S. cooperative partnership based on mutual respect and mutual benefit.In Chicago, Hu will meet local officials and visit a high school, Chinese officials said.Chinese President Hu Jintao (R front) meets with Mayor of Chicago Richard Daley(L front) in Chicago, the United States, Jan. 20, 2011. Hu arrived in Washington Tuesday for a four-day visit to the United States. The trip, his second as head of state, is aimed at enhancing the positive, cooperative and comprehensive relationship between China and the United States.The Chinese president visited the United States in April 2006.