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SHENZHEN, May 26 (Xinhua) -- Another employee of Foxconn Technology Group jumped to death Wednesday night just hours after the company chief promised better welfare and local government appealed to young workers to cherish their lives.The latest casualty fell to his death from a dormitory building in a Shenzhen plant at around 11:20 p.m. Wednesday, a witness surnamed Ye told Xinhua over the phone. The death has been confirmed by Foxconn.It was the 10th such death and 12th such fall at the plant in Shenzhen this year. Two Foxconn employees had survived their suicide attempts but sustained severe injuries. President of Foxconn Terry Gou bows for apology after a string of suicides by the company's employees at a plant of Taiwan-based Foxconn Technology Group in Shenzhen, south China's Guangdong Province, on May 26, 2010. Terry Gou said here on Wednesday that the company would prevent such tragedies from happening again. Foxconn is part of Taiwan's Hon Hai Precision Industry Co. and makes computers, game consoles and mobile phones for companies including Hewlett-Packard Co., Sony Corp. and Nokia Corp.Traumatized by the series of tragedies, Foxconn Chairman Terry Gou, the usually media-shy executive, flew to Shenzhen to show off his plant to around 300 Chinese and foreign reporters in order to repair the image of the manufacturing giant, which makes iPods and other popular gadgets.He promised the firm would do everything possible to prevent more deaths. Nets were put on buildings to stop people from jumping, and about 100 mental health counselors were being trained.Gou said Foxconn would also adjust salary for employees in two weeks, and fund the establishment of a hospital to provide professional therapies for employees.

BEIJING, June 1 (Xinhua) -- China has promising growth prospects and should not be blamed for world imbalances, says Danny Quah, a renowned British economist."Emergency financing that was placed in the Chinese economy to counter the downturn from the 2008 global financial crisis was the right thing...The imbalances is a global problem, not a China problem," said Quah, a professor at the London School of Economics and Political Science.China did the right thing in infusing its economy with fiscal stimulus, Quah said in a recent interview with Xinhua.He also declined to describe the ballooning real estate prices as a bubble, pointing out "the strong fundamentals" of China's economy.He said the expansion of China's housing construction will be proved useful eventually, given the fact that "China is still engaging in the task of moving hundreds of millions of people from rural areas to urban China to continue to power its manufacturing and industrial progress.""So I would not describe it as a collapse of real estate bubble, we can look forward to a rationalization of housing and real estate prices," Quah said. "The improvement and expansion of housing stock will play an important role in continuing to move the Chinese economy forward.""I think Chinese fundamentals will continue to be strong. And a little bit of high inflation, as long as it doesn't break out into some kind of runaway high inflation, is probably no bad thing," he said. "We will get it under control again as the Chinese government did previously."On allegations that China deliberately keeps its currency RMB weak to obtain unfair advantages in trade with countries like the United States, Quah said people who draw such a false conclusion are misguided."The United States is running a trade deficit not just against China. It is running a trade deficit against almost 100 other countries," he said. "China is not unique in how it is exporting more to the United States than it's importing."The U.S. government was beginning to run a large trade deficit long before China's trade surpluses started grow, he added."If you take the ratio of China's bilateral trade surplus against the U.S. as a fraction of the U.S.' overall bilateral trade deficit against all of the countries, it has remained constant over the last 15, 20 years," Quah said.

YUSHU, Qinghai, April 19 (Xinhua) -- Chinese President Hu Jintao visited quake-hit Yushu in northwest China's Qinghai Province Sunday, vowing to help victims rebuild their homes as most of them now settle in tents with basic needs met.The 7.1-magnitude quake, which struck the Tibetan Autonomous Prefecture of Yushu Wednesday morning, had left at least 1,706 dead, 256 missing and 12,128 injured, as of 10 a.m. Sunday.THERE WILL BE NEW HOMESIn a morale-raising visit to quake-hit Yushu, Hu assured locals of new homes and schools and steadfast relief work."There will be new schools! There will be new homes!" Hu wrote in chalk on a blackboard in a makeshift classroom in a tent of orphaned students.The president led the students in reading aloud the words he wrote on the blackboard. Chinese President Hu Jintao(C)speaks to soldiers of the Chinese People's Liberation Army and policemen carrying out relief work at Zhaxike Village of Gyegu Town in quake-hit Yushu County,northwest China's Qinghai Province, April 18, 2010.The Yushu School for Orphans visited by Hu was the first one to resume classes. A total of 60 primary and middle school students and more than 10 teachers sang the national anthem before classes began at 3:30 p.m. Saturday.The president also talked to an injured Tibetan man in a medical tent."The Party and the government care about all the victims of the quake. Doctors will give you meticulous treatment...The party and the government will help with a new home...You should have confidence and recover," Hu said as he held the injured man's hands.The Tibetan man replied, "Thank you, General Secretary. Tashi Delek!" (Tashi Delek means good luck in Tibetan)Hu's plane landed at Yushu's Batang Airport Sunday morning after an over-three-hour flight from Beijing.The president, who returned to China Saturday from a shortened visit to Latin America, headed for worst-hit Gyegu Town in Yushu immediately after landing.CONCERTED RELIEF EFFORTS CONTINUEChinese rescuers have saved a 68-year-old man who was trapped under earthquake rubble for 100 hours.The old man was rescued at about 11 a.m. Sunday in Gyegu Town, Yushu, and his condition appeared stable, rescuers said. The man was later taken to hospital.Rescuers had saved 17,000 trapped people and a total of 6,870 people had been pulled out from under the rubble of collapsed buildings, among whom 6,110 survived, Miao Chonggang, deputy head of the China Earthquake Administration's quake relief and emergency response department, told a press conference.Miao said currently more than 15,000 rescuers, including over 11,000 from the People's Liberation Army and armed police, 2,800 firefighters and special police forces, and 1,500 earthquake and mine accident rescuers, are still searching for quake survivors in Yushu.

BEIJING, April 6 (Xinhua) -- China will introduce resource tax at a "proper" time to promote energy saving and environmental protection, the Ministry of Finance said Tuesday in a statement on its Website.The statement provide little details about the move which is part of the ministry's tasks for 2010 listed in the lengthy statement.The government would stick to the proactive fiscal policy this year, the statement said, adding the ministry would expand investment in agriculture, education, science, medical care, social security, affordable housing, energy conservation and emission reduction.The ministry said it would improve the property tax system, without details. It would also step up efforts to revamp income distribution, aiming at narrowing the yawning wealth gap.

WASHINGTON, April 22 (Xinhua) -- The U.S.-China Human Rights Dialogue will take place on May 13-14 in Washington, announced U.S. State Department on Thursday.The U.S. delegation will be led by Assistant Secretary for Democracy, Human Rights and Labor Michael Posner. The Chinese delegation will be headed by the Ministry of Foreign Affairs Director General for International Organizations Chen Xu.The human rights dialogue, which was scheduled by the end of February, had been delayed due to tensions between Washington and Beijing over U.S. arms sale to Taiwan and U.S. President Barack Obama's meeting with the ** Lama early this year.Chinese President Hu Jintao shakes hands with visiting U.S. President Barack Obama after they meet the press at the Great Hall of the People in Beijing on Nov. 17, 2009.According to the joint statement issued by the two countries during President Obama's visit to China last November, China and the United States underlined that each country and its people have the right to choose their own path, and agreed to hold the next round of human rights dialogue in Washington by the end of February 2010.

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