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BEIJING, Jan. 4 (Xinhua) -- China's Vice Premier Zhang Dejiang Tuesday urged the nation's railway departments to step up efforts to promote safe railway transport and build quality railway projects to better serve social-economic development.Further, priority should be placed on ensuring the safety of the country's high-speed railway in the next five years, Zhang told a national railway conference.Zhang urged railway departments to accelerate construction of the major projects while strengthening quality management and control.He also ordered authorities to make more efforts to improve technological innovation, while sharpen the international competitiveness of railway technologies and products.Chinese Vice Premier Zhang Dejiang (C) speaks at a national railway conference in Beijing, capital of China, Jan. 4, 2011. In 2010, 1.68 billion passenger journeys were conducted through the nation's railways, up 9.9 percent year on year, according to data from the Ministry of Railways.The total length of the country's railways had reached 91,000 km by 2010, and the railways would reach 120,000 km in five years, according to Chinese Railways Minister Liu Zhijun.
FUZHOU, Nov. 11 (Xinhua)-- Alibaba.com Ltd., operator of China' s largest online-commerce site for businesses, said its paying members in the third quarter exceeded 1 million for the first time, as shown in its unaudited financial figures for the quarter, released on Thursday.Alibaba boasts 56.7 million registered users, 8.2 million storefronts and over 1 million paying members, up by 25 percent, 35 percent and 30 percent respectively, year on year, according to the report."We specifically stepped up our efforts in enforcing a trusted and safe environment in our marketplace by eliminating paying members who committed fraud, as well as those who have a high probability to commit fraud. In this quarter, we terminated about 1,200 Gold Supplier members," said David Wei, chief executive officer of Alibaba.com., as posted on its website.Further, Alibaba's third quarter profit rose by 55 percent to 366.1 million yuan (55.3 million U.S. dollars) from 236 million yuan one year earlier, Alibaba said."Despite the uncertainty and mixed signals in the global economic environment, we are gratified to see our financial growth remained strong during this quarter," said David Wei.
BEIJING, Dec. 28 (Xinhua) -- The Political Bureau of the Communist Party of China (CPC) Central Committee met Tuesday in a meeting on anti-corruption, demanding greater efforts in addressing problems the masses complained about most and fighting corruption among grassroots officials.The meeting was presided over by General Secretary of the CPC Central Committee and Chinese President Hu Jintao. The participants heard a report of the Central Commission for Discipline Inspection of the CPC over anti-corruption work for 2010 and discussed related plans for 2011.The meeting has called for further efforts to address problems concerning construction projects, and vehicles bought and used at public expenses.Those attending the meeting said regulations and disciplines that govern the selection of officials must be strictly followed and related unsound practices should be corrected.Noting that fighting corruption was still a tough task, the meeting urged all related authorities to step up anti-corruption efforts towards building a clean government.Further, more work must be done to improve officials' style of work and cement ties between the CPC and the masses, the meeting participants said.Also, the participants called for efforts towards building an improved anti-corruption system that consisted of corruption prevention and punishment.Such a move, they added, would facilitate the implementation of China's development blueprint for the 12th Five-Year-Plan period (2011-2015) and China's social and economic development.China will mark the 90th anniversary of CPC's founding next year. The meeting called on all party members to work for new achievements in fighting corruption in a bid to greet the coming CPC's anniversary.
BERLIN, Jan. 6 (Xinhua) -- Chinese Vice Premier Li Keqiang arrived here Thursday on the second stop of his three-nation Europe tour to promote China's relations with European Union nations.In a written speech released at the airport, Li said China-Germany ties would enjoy important development opportunities in the new era.Li said he expected further deepening of cooperation between China and Germany in various fields, and that he would exchange views with German leaders on issues of common concern during his four-day stay in Germany, so as to boost the continued development of the China-Germany strategic partnership.Li said China's relations with Germany had moved ever closer as the two countries jointly fought against the international financial crisis.Chinese Vice Premier Li Keqiang (R, front) is greeted upon his arrival in Berlin, Germany, Jan. 6, 2011. Li Keqiang arrived here Thursday on the second stop of his three-nation Europe tour.Both sides had boosted their strategic partnership in a comprehensive way, with frequent high-level exchanges and robust growth in trade and economic cooperation, Li said.He also hailed the remarkable achievements in bilateral exchanges and cooperation in science and technology, education, culture and law, and among youth, as well as the coountries' close coordination and collaboration in international affairs.During his stay in Germany, Li will hold talks with German Chancellor Angela Merkel and meet German President Christian Wulff, and Foreign Minister Guido Westerwelle.He is also scheduled to address a gathering of German and Chinese business representatives.Both sides are expected to sign cooperation documents in such areas as trade and the economy, and finance."Throughout the years, China-Germany relations have grown steadily. The two countries have established a strategic partnership," Li said in a guest article published by German newspaper Sueddeutsche Zeitung Wednesday."Over the past two years, China and Germany have worked hand in hand to tackle the international financial crisis," the article said, adding both countries were among the first to achieve an early and strong economic recovery, and had contributed actively to the world economic recovery.The article also said the two countries should expand trade cooperation, promote mutual investment and deepen cultural and people-to-people exchanges.Chinese ambassador to Germany Wu Hongbo told Xinhua he believed Li's visit to Germany would lay solid ground for developing the two countries' relations for the year, and charter the course for and add fresh momentum to the relationship.Before arriving in Germany, Li visited Spain. He will later visit Britain.
BEIJING, Dec. 29 (Xinhua) -- China's gross domestic product (GDP) is predicted to grow by around 9.5 percent in 2011, 0.5 percentage points lower compared to the growth rate expected for this year, said a report issued Wednesday by the Bank of China (BOC).The report by the BOC, China's third largest lender, was based on the bank's projections of weak overseas demand, tighter monetary policy, and the government's planned economic restructuring for 2011, the first year of China's 12th five-year plan.The Chinese government announced in early December that it will switch its monetary policy stance from relatively loose to prudent next year to tackle rising inflation and keep economic growth at a sustainable pace.The report also said government policies this year to curb soaring property prices in some major cities, and the country's efforts to improve energy efficiency had slowed the economy with the GDP dropping to 9.6 percent in the third quarter, down from the second quarter's 10.3 percent and 11.9 percent in the first quarter.The report also forecast inflation to rise 4 percent in 2011, compared to the 3.3-percent rise expected for 2010. It said that in the second half of the year, the producer price index (PPI) for China's industrial products had kept rising along with the consumer price index (CPI), adding more inflationary pressure for the future.The Chinese government set a 3-percent target for inflation this year, but looks unachieveable after the index rose 3.2 percent during the first 11 months. Pushed up mainly by rising food prices, the index soared 5.1 percent in November to a 28-month high.The report also predicted new lending next year would be 7 trillion yuan (1.06 trillion U.S. dollars), just slightly down from the 7.5 trillion yuan target set by the government for 2010.Growth rates of retail sales of consumer goods and industrial value-added output would see a slight drop from year 2010, while imports would likely grow by 18 percent, 3 percentage points higher than exports.As inflation triggers wider public concerns, expectations for more hikes in interest rates are strengthening. The report forecast the People's Bank of China, the central bank, would likely hike rates for up to three times next year, mostly during the first half of the year.The central bank on Sunday raised the benchmark one-year lending and deposit rates by 25 basis points for the second time in just over two months. It had also set higher commercial lenders' reserve requirement ratio six times this year in a move to tighten liquidity amid climbing inflation.