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BEIJING, Nov. 16 ( Xinhua) -- The General Office of China's State Council, or the Cabinet, on Tuesday issued a circular, ordering more strict fire control measures to "resolutely" prevent serious fire accidents.Monday's blaze in an apartment building in Shanghai's downtown area left 53 people dead and more than 70 injured, one of the deadliest recorded fire disasters in the city.The circular ordered extensive campaigns to inspect and remove fire hazards and to educate the public about fire control, as well as strict implementation of the accountability system for fire accidents.Besides those directly responsible for serious fire accidents, local government chiefs would also be held accountable, it said.Police have detained eight people in connection with the deadly blaze.Further, an initial investigation has blamed the disaster on unlicensed welders, some of whom are among the detained.
BEIJING, Jan. 12 (Xinhua) -- Chinese Vice President Xi Jinping on Wednesday urged the Hong Kong-based Chinese General Chamber of Commerce (CGCC) to increase support for the local government and further contribute to regional economic development."Hong Kong's current situation is good in general, but it also faces many challenges. As an important patriotic group, the CGCC should shoulder its responsibilities to ensure and boost the region's prosperity and stability," Xi said in Beijing while meeting a visiting CGCC delegation.Xi noted that the group had been making great contributions to Hong Kong and the mainland by actively participating in the region's social affairs and economic development.Xi said Hong Kong had overcome problems created by the global financial crisis, and was undergoing a strong economic revival.Xi also said that the central government had been taking effective measures to support the region's economic development and improve local people's livelihoods.The CGCC, founded in 1900, is one of the oldest and largest non-profit organizations of local Chinese firms and businessmen in Hong Kong. It has more than 6,000 members.The delegation was led by CGCC chairman Jonathan Choi Koon-shum.

BEIJING, Nov. 27 (Xinhua) -- Two years of monetary easing policies helped China's economy emerge from the global financial crisis. Now, facing a runaway inflow of hot money, fast loan growth, and escalating inflation, China could become serious about tightening regulations to achieve a "soft landing".Analysts recently said China could see more interest rate hikes in the final month of 2010 in a bid to soak up excessive liquidity and prevent a potential overheating of the economy.Further, the People's Bank of China (PBOC) Deputy Governor Hu Xiaolian said on Oct. 24 that using multiple monetary policy tools to improve liquidity management and guide the money and credit growth back to normal would be the main task for the central bank in the remainder of this year.According to data released by the central bank Friday, in October those funds outstanding for foreign exchange (FOFE) hit 525.1 billion yuan (78.37 billion U.S. dollars), the second highest monthly record in history.That is to say, PBOC issued 519 billion yuan of Renminbi in October to purchase the same amount of fresh inflow of foreign exchanges, which usually enter the nation in the form of trade surplus, foreign direct investment and short-term international speculative funds."The huge inflow of hot money is an important reason behind the sharp rise in FOFE," said Zhang Ming, a researcher with the China Academy of Social Sciences (CASS).He noted, as the European debt crisis ceased, that speculative funds have returned to the emerging markets, notably after the U.S. Federal Reserve announced the second round of its quantitative easing policy."As the massive inflow of foreign exchange increases the domestic monetary base, it has become a major impetus of a broad money supply, which could exacerbate inflation," said Liu Yuhui, also a researcher with CASS.Hefty foreign exchange inflow usually goes together with soaring inflation. China's FOFE hit a record 525.1 billion yuan in April 2008. In the same month, China's Consumer Price Index (CPI), a main gauge of inflation, was up by 8.5 percent, which was unprecedented.Also, this October, the CPI rose by 4.4 percent, the highest amount in 25 months.Boosted by a massive trade surplus, the domestic monetary situation began easing in late 2008, as China's broad money supply exceeded 70 trillion yuan, surpassing the United States to become the world's largest.Li Daokui, a member of the monetary policy committee with the PBOC, said hefty money supplies posed huge risks to the nation' s banking system and, more imminently, would exacerbate the current inflation."The interest rate increase last month sent a signal that more such increases will come in the future," he said.
ST. PETERSBURG, Russia, Nov. 21 (Xinhua) -- Visiting Chinese State Councilor Liu Yandong stopped by the St. Petersburg 652 primary and middle school on Sunday, speaking highly of the school 's efforts to promote Sino-Russian cultural exchange.Liu appreciated the school's achievements in Chinese language teaching, as the school has been teaching Chinese as the first foreign language for 53 years.Language is a bridge between different nations, Liu said. She hoped the students of the 652 school, after learning the Chinese language and culture, could serve as promoters and facilitators of the overall development of Sino-Russian relations.Visiting Chinese State Councilor Liu Yandong (R) receives a painting as a present drawn by a student of the No.652 School of Saint Petersburg, Russia, Nov. 21, 2010.China and Russia as friendly neighbors have further strengthened their strategic partnership of coordination and promoted practical cooperation in all areas, Liu said.People-to-people and cultural exchanges have flourished in recent years, as the two countries successfully held "State Years" and "Language Years" activities, she added.Catherine Telyatnikova, the headmaster, said the 652 school is willing to devote itself to the promotion of Sino-Russian relations, and would like to expand cooperation on Chinese language teaching and staff training with the Chinese side.Liu arrived in St. Petersburg on Nov. 20, kicking off her visit to Russia.
PRETORIA, South Africa, Nov. 18 (Xinhua) -- Visiting Chinese Vice President Xi Jinping on Thursday called here for concerted efforts to make the Forum on China-Africa Cooperation (FOCAC) stronger and to boost the development of the new type of China- Africa strategic partnership.Addressing a seminar marking the 10th anniversary of the establishment of FOCAC, Xi proposed to strengthen strategic planning, practical cooperation and institution building of FOCAC so as to make it a solid base for political mutual trust, a major engine driving common development and an efficient and mature platform for China-Africa cooperation.Meanwhile, more cultural and people-to-people exchanges should be conducted to make FOCAC an emotional bond to deepen China- Africa traditional friendship, said Xi.Xi stressed that China and African countries have to continue to respect, trust and support each other and treat each other as equals. The two sides should stand at a strategic high as they draw plans for the development of China-Africa relations, and should have closer dialogue and consultation within the FOCAC framework, enhance coordination and cooperation on global issues of mutual interest, strive to increase the say and representation of developing countries in the international system, and ensure better development of both China and Africa as the international configuration further evolves.Referring to China-Africa cooperation, Xi said it should be expanded to new areas and brought to higher levels. "We will enlarge the scale of China-Africa trade, and optimize the trade structure. We will cooperate with Africa in infrastructure construction and actively explore cooperation on transnational projects. We will promote export of African goods to China, facilitate investment and technology transfer to Africa, provide more job opportunities for the African people and enhance African countries' capacity in self development so as to bring more benefits to the African people. China will continue to do its best to increase assistance to Africa, optimize the structure of assistance, and focus the assistance projects on education, agriculture, health, poverty reduction and other projects concerning people's lives as well as energy conservation and environmental protection," he said.As new problems and new challenges appearing in the second decade of the 21st century, Xi said China and African countries need to properly handle them and to explore new ways and new thinking for FOCAC development in light of the new conditions and new trends in the world economy and in China-Africa relations."We should be innovative in seeking new development concept and new cooperation model of FOCAC, and give full play to the initiative and creativity of African members of FOCAC. We should strengthen cooperation with the African Union and sub-regional organizations in Africa and actively explore cooperation with other parties in the international community so as to strengthen FOCAC's synergy and influence," said Xi.He also called for expanded contacts and cooperation between the governments in such fields as education, science and technology, culture and tourism, and closer ties between political parties, localities, nongovernmental organizations, academic institutions and the news media.Launched in 2000, FOCAC is a platform for collective consultation and dialogue between China and the states in Africa.
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