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BEIJING, May 17 (Xinhua) -- The Chinese government is pushing for the restructuring of major state-run news portals - including cctv.com and xinhuanet.com - to allow them to "establish a modern enterprise system," launch initial public offerings (IPO) and abandon the "iron rice bowl" concept.Ten major news portals are involved in a pilot restructuring project: the websites of state broadcasters China Central Television, Xinhua News Agency, People's Daily, Beijing's qianlong.com, Tianjin's enorth.com.cn, Shandong's dzwww.com, Shanghai's eastday.com and Zhejiang's zjol.com.cn among others.The websites are currently affiliated to news organizations run by central and local governments.According to a symposium on the restructuring work Monday in Changsha, capital of central China's Hunan Province, the restructuring plans for people.com.cn and xinhuanet.com have been approved.The pilot project, initiated last October, covers shareholding reform, establishment of a modern enterprise system and IPOs to "strengthen the competitiveness" of the news portals.According to the symposium, the website operators have actively engaged in the development of search engines, cell phone news services, cell phone TV services, Internet TV, e-commerce, online cartoon games and other new media areas, which have strengthened their capacities.The operating income of people.com.cn and xinhuanet.com have witnessed "big growth," the symposium said.Domestic commercial news portals like sina.com.cn and sohu.com are listed overseas.The step is part of Chinese government's efforts to reform China's cultural industry in a bid to promote Chinese media and cultural enterprises' global influence and boost the nation's soft power.

BEIJING, April 5  --The People's Bank of China says the country will be more open to foreign capital this year even though the prospect of a strong economic recovery is still unclear.Although the impending withdrawals of various countries' economic stimulus packages may also complicate the efforts to end the global economic crisis, the Chinese government has decided to increase the penetration of foreign capital into the country's financial industry in an appropriate way.An editorial in the "Global Times" quotes some western officials who said if China opened its market to western financial institutions the way it opened its market to five-star hotels, the potential risks would be huge for the country itself and the world at large.The editorial warns the doors to free trade should not swing open too quickly and that market openness should be managed at the right pace, as China has done during the past three decades. But it also notes that the stakes are higher in the country's financial industry. It argues that if China is fully open to foreign capital, the capital operation pattern common in developed economies such as the United States and several European nations will not suit its existing financial system on such short notice. As a result, chaos would erupt sooner or later in the financial sector.The editorial concludes that China should gradually liberalize its financial industry, because a sudden torrent of foreign capital would be undesirable. It calls for a prudent approach to financial liberalization that would yield a productive outcome as evidenced over the past three decades of gradual financial reform whereby more market competition has been encouraged and distressed loans have been effectively curbed. Such a policy has shielded China from being hit as severely by the current financial crisis and enabled it to rebound quicker than other advanced nations.

FUZHOU, April 3 (Xinhua) -- Chinese Vice Premier Wang Qishan has called for concrete measures to promote the construction of the economic zone on the western side of the Taiwan Strait.Wang made the remarks during his two-day inspection tour to the southeastern Fujian Province that ended Friday.Wang also asked local departments of commerce, customs, quality inspection, finance and tourism to make efforts to support the construction of the economic zone.During his visit to Pingtan Island, the fifth largest island in China, Wang inspected a bridge under construction that will connect the island with the mainland, as well as industrial development and the tourism industry on the island.Wang also visited the Wuyi Mountain and some tourist attractions in Fuzhou city, and urged a sound development of local tourism industry.

PHNOM PENH, March 26 (Xinhua) -- China and Cambodia on Friday agreed to further strengthen comprehensive partnership of cooperation as well as party exchanges.This was reached when Say Chhum, member of the Permanent Committee of the Central Committee of Cambodian People's Party ( CPP) and Nhiek Bun Chhay, secretary general of FUNCINPEC party held separate meetings with Zhao Leji, secretary of Communist Party of China (CPC) Shaanxi Provincial Committee.  Nhiek Bun Chhay (3rd R), secretary general of FUNCINPEC party, meets with Zhao Leji (3rd L), secretary of Communist Party of China (CPC) Shaanxi Provincial Committee, in Phnom Penh, Cambodia, on March 26, 2010. China and Cambodia on Friday agreed to further strengthen comprehensive partnership of cooperation as well as party exchangesDuring the meetings, they briefed each other on economic and social development, and had an in-depth exchange on further strengthening the cooperation between the two countries on various fields.Say Chhum and Nhiek Bun Chhay, on behalf of their political parties, thanked Chinese government's long-term assistance and supports to Cambodia's social and economic development, and spoke highly of the achievements made by Chinese government.

BEIJING, May 8 (Xinhua) -- Chinese Vice Premier Li Keqiang has called for developed nations to assist the developing world in its green economy endeavor by technology transfer, financial assistance and market liberalization.Green economy offers a new model where people could both protect the climate and develop the economy, said Li at the International Cooperative Conference on Green Economy and Climate Change here Saturday.Li urged countries across the world to focus on developing new energies and promoting the development of energy-saving and environmental protection industries.Li encouraged people to live in a more energy-saving and low-carbon way, citing a "green consumption" concept. Chinese Vice Premier Li Keqiang delivers a speech on the opening ceremony of International Cooperative Conference on Green Economy and Climate Change in Beijing, capital of China, May 8, 2010.He said international cooperation in the framework of green economy and climate change is crucial to the recovery of global economy and the sustainable development of Chinese economy.With a theme of "Low carbon, New energy and Sustainable development," the conference was organized by the China Center for International Economic Exchanges. The conference has invited leaders, environment officials and entrepreneurs from