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BEIJING, May 4 (Xinhua) -- Chinese equities dropped to a seven-month low Tuesday, after the central bank said Sunday it would raise the deposit reserve requirement ratio (RRR) for most financial institutions for the third time this year.The benchmark Shanghai Composite Index lost 1.23 percent to close at 2,835.28 points.The Shenzhen Component Index fell 1.81 percent to 10,960.77 points.Total turnover shrank to 141.55 billion yuan (20.7 billion U.S. dollars) from 191.91 billion yuan on the previous trading day.Losers outnumbered gainers by 533 to 347 in Shanghai and 488 to 429 in Shenzhen.

BEIJING, April 9 (Xinhua) -- A senior leader of the Communist Party of China (CPC) stressed Friday the role of high technology in cultural development, as the country seeks to reform and innovate to ensure the prosperity of socialist culture."High technology should be the 'new engine' for promoting cultural construction and boosting the country's cultural innovation abilities and influence," Li Changchun, member of the Standing Committee of the Political Bureau of the CPC Central Committee, said at a meeting of publicity officials."We should adhere to advanced socialist culture and stick to the principles of being close to reality, life and the people," he said, urging to keep the balance between social influence and economic returns.He also urged the country's cultural sector to correctly handle the relationship between cultural development and the use of science and technology while fostering new talent with knowledge from multiple fields.

SHENZHEN, May 22 (Xinhua) -- Preliminary investigation shows that factors including failed romance, unrestrained gambling could be the reasons behind suicide of a Foxconn Technology Group employee Friday, said police authorities in south China's Shenzhen City.Nan Gang, 21, climbed to the top of a factory building in Foxconn's industrial complex in Longhua Township and fell to his death at 4:37 a.m., said Huang Jianwei, a spokesman of the Bao'an Police Station, of the Shenzhen Public Security Bureau.Nan's suspected suicide was the 10th of the kind ever happening at the Foxconn's Shenzhen plant since the beginning of the year.Police said they learned from investigations that Nan Gang's parents were divorced and Nan was the only child of the family. Nan's ex-girlfriend got married this year in February, and his new girlfriend also deserted him early this month.Nan was said to be ill tempered and fond of gambling, and was thus in deep debts before his death.According to the police, not long ago, Nan had fights with his co-workers, so he employed others to beat the co-workers, but was later blackmailed by the same group of people.Nan allegedly had said he would take revenge and even showed his intent to commit suicide before he fell off the building Friday.Police have already captured the suspects for blackmailing Nan pending further investigation.Shenzhen-based Foxconn's company profile on its website says it's the world's top electronics manufacturer with more than 600,000 employees and ranked 109 among the Fortune 500 companies in 2009. It is linked to Taiwan electronics giant Hon Hai Group.

TOKYO, June 1 (Xinhua) -- Chinese Premier Wen Jiabao described Tuesday his visit to Japan as successful, saying it has deepened trust, enhanced cooperation and consolidated the foundation for friendship between the two countries.In an interview with Japanese public broadcaster NHK, the Chinese premier called his visit to Japan "a journey of confidence and hope."Wen said he has achieved the visit's objectives of deepening mutual trust, enhancing cooperation and consolidating the foundation for friendship. "The visit is successful," he said.Important agreements were reached at his talks with Japanese Prime Minister Yukio Hatoyama, including re-establishing a hot line between the heads of the two governments, creating a maritime communication mechanism between the two defense departments and speeding up the establishment of a maritime rescue agreement, Wen said.The two sides also discussed ways to strengthen bilateral economic and trade cooperation, and identified green economy, energy and environmental protection and e-commerce as priority areas for cooperation, he said."Cooperation between China and Japan enjoys broad prospects," said Wen.The Chinese premier also called for promoting bilateral cultural and people-to-people exchanges, saying these exchanges are fundamental to the friendship between the two countries.After concluding a three-day visit to Japan earlier Tuesday, Wen is now in Mongolia for a two-day official visit.

BEIJING, April 26 (Xinhua) -- China pledged to further develop military ties with Cuba during a meeting of senior military officials from the two countries on Monday."The years since China and Cuba forged diplomatic ties in 1960 have witnessed a stable development of bilateral relations and fruitful cooperation in various fields," Chinese Defense Minister Liang Guanglie said when meeting with Alvaro Lopez Miera, vice minister and chief of the General Staff of Cuba's Revolutionary Armed Forces.The armed forces of China and Cuba have maintained frequent high-level visits and good communication, Liang said, citing the expansion of exchanges and cooperation in personnel training.Chinese Defense Minister Liang Guanglie (R) meets with Alvaro Lopez Miera, vice minister and chief of the General Staff of Cuba's Revolutionary Armed Forces in Beijing, capital of China, on April 26, 2010. China has always believed that the development of China-Cuba relations and their military ties are in the fundamental interests of both nations' people, he said.Liang, also a state councilor, said he would like to work with Cuba to further upgrade military ties.Lopez praised China's achievements in social and economic growth, adding that Cuba is willing to learn from China's experience.He also offered his condolences to the the victims of the 7.1-magnitude earthquake jolting northwest China's Qinghai Province on April 14, expressing his hope the two countries can enhance military cooperation in disaster-relief work.Arriving in China April 24, Lopez is scheduled to conclude the official goodwill visit on April 29.He held talks with Chen Bingde, chief of the General Staff of China's People's Liberation Army, here on Sunday.

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