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BEIJING, May 15 -- China is planning to raise the proportion of profits it collects from major State-owned enterprises (SOEs) in a move to balance income distribution, but analysts said the move should be bolder and the collected profits used to improve public well-being.The Ministry of Finance said on Tuesday that it might raise the ratio of profits of SOEs to be submitted to the State coffers.According to existing rules, monopoly enterprises under the administration of the central government in sectors like tobacco, oil, petrochemicals, power, telecommunications and coal mining should submit 10 percent of their post-tax profits, while the ratio for those in the iron and steel, transportation, electronics and trade sectors should be 5 percent.Financial corporations and companies in sectors like railways, transportation, education, culture, science and technology and agriculture are not included in the profit submission framework.The Ministry of Finance did not reveal by how much the ratio would be raised."It should be raised properly, and even if it were raised by 10 percentage points, it doesn't matter too much for those central enterprises, given their high profit level," said Zhang Wenkui, researcher with the State Council's Development Research Center.Central enterprises have been criticized by the public for having taken advantage of their monopoly or market predominance to make excessive profits. Some of them have further fueled public anger as they bid to purchase land at high prices, which is believed to have pushed up home prices.The central government collected profits of 14 billion yuan ( billion), 44.4 billion yuan and 98.9 billion yuan respectively in 2007, 2008 and last year from SOEs. In 2009 alone, however, the enterprises made profits totaling 965.6 billion yuan.
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, March 27 (Xinhua) -- China's Ministry of Land and Resources (MLR) said Saturday it would assemble more than 1,100 engineers and workers from across the country to dig over 1,600 wells in the country's southwest, where a severe drought is likely to continue.All of those professionals would be arriving at the droughty areas by April 1 and the first batch set off on Saturday, said the MLR in a statement on its website.More than 1,600 wells would be drilled, providing 200,000 cubic meters of drinking water per day for 2 million people and 1 million head of livestock, said the ministry, hoping to finish digging 1,400 of the wells by May 10.So far, the MLR has already dug over 100 wells, which can produce drinking water for more than 100,000 people.The drought, which has left southwest China suffering since last Autumn, would likely continue till May as no substantial rainfall was expected ahead of the rainy season, according to meteorological agencies.It has left 18 million residents and 11.7 million heads of livestock in the region with drinking water shortages and caused direct economic losses of 23.7 billion yuan (3.5 billion U.S. dollars), data from the Ministry of Civil Affairs showed.
SHANGHAI, May 6 (Xinhua) -- More than 33 million Shanghai World Expo tickets have been sold, according to the latest statistics from the Bureau of Shanghai World Expo Coordination.A total of 33.11 million tickets, including 23.96 million individual tickets and 9.15 million group tickets, had been sold as of Thursday, the statistics showed.As of 5:30 p.m. Thursday, a total of 902,300 people had visited the Shanghai World Expo Park.On Thursday, 105,600 people visited the Expo as of 5:30 p.m. but this was a sharp drop compared with more than 200,000 people on May 1, the opening day.A spokesman from the Bureau of Shanghai World Expo Coordination said even though the Expo lasts for 184 days, ticket holders should consider coming earlier as that would mean avoiding the huge crowds expected before the end of the event.
STOCKHOLM, May 9 (Xinhua) -- To mark the 60th anniversary of the establishment of diplomatic relations between China and Sweden, a Guqin concert was held in Stockholm on Sunday evening.The concert presented 12 different pieces, half of them about Guqin, some of them are the Xiao, a beautiful flute. Some of them they played together. All the music are about 2000 years old. One of the most beautiful ones is called Liushui, Flowing Water, that piece is on a golden disk in a voyage in an American Spaceship went away in 1977 out in the outer space.Famous sinologist Cecilia Lindqvist planned the concert with the support of Sweden's National Music Association, Chinese Embassy in Sweden and Sweden's Union of Chinese Associations."It's a very important day because 60 years ago exactly on this date, May 9, Sweden and China established diplomatic relations, and actually Sweden was the first country in the west to do so. So we are very proud and we have long been in contact with China after that," said Lindqvist."Since then cultural contacts have developed tremendously, and this concert we are giving tonight is a kind of celebration of this very important day, so we hope lot of people will come here and listen to this music because 60 years is a long period. So we want to present Guqin to the Chinese community here and to all the Swedes who are interested in the Chinese Culture," she added.
来源:资阳报