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BEIJING, April 2 (Xinhua) -- China needs to expand the Renminbi, or yuan, cross-border settlement efforts when conditions allow, the People's Bank of China (PBOC) said Friday."It is necessary for China to seek appropriate timing to expand the cross-border yuan settlement to more cities, enterprises and overseas pilot areas," said an international financial market report released on the central bank's website Friday.But the report did not detail the conditions for appropriate timing.The foreign trade volume settled in yuan is still small compared with China's total foreign trade volume, said the report, without specifying figures.Official figures from China's General Administration of Customs showed that the country's exports in 2009 stood at 1.2 trillion U.S. dollars, down 16 percent from 2008.China's State Council, or Cabinet, announced in April 2009 a pilot program to allow exporters and importers in five cities -- Shanghai, Guangzhou, Shenzhen, Zhuhai and Dongguan -- to settle cross-border trade deals in yuan.The latter four cities are all in south China's Guangdong Province.The Bank of China (BOC), China's largest foreign exchange bank, announced on July 6 last year that its Shanghai branch had received the first cross-border yuan trade settlement deal from the BOC (Hong Kong).The government is considering enlarging the scope of cross-border yuan settlement from commodity trade into service trade, said the report.Yuan settlement was in accordance with the market demand, said Cao Honghui, a researcher with the Chinese Academy of Social Sciences, but increasing the yuan's global acceptance would be decided by factors such as the country's economic development and the financial system development.
GUANGZHOU, May 29 (Xinhua) -- Communist Party chief of south China's Guangdong Province Wang Yang on Saturday called for companies to improve management and care more for their employees after 13 workers of Shenzhen-based Foxconn attempted suicides this year, which resulted in 10 deaths.Wang Yang, secretary of the provincial committee of the Communist Party of China, told a conference in Shenzhen that the Party, government organizations and Foxconn must "work together and take effective measures to prevent similar tragedies from happening again.""Labor unions in private firms should be improved to facilitate better working conditions and more harmonious relations between workers and employers," Wang said.He also called on young employees to cherish their precious lives, as the suicidal employees were mostly born in the 1980s or 1990s, who had weak self-adjustment capability under emotional, living, or working pressures.More recreational and sports activities should be held among workers to enhance communications and more efforts should be made to help them ease work pressure, Wang said."Economic development should be people-oriented," he said.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. Nokia Corp, and Apple Inc.Of Foxconn's 800,000 employees in China's mainland, 430,000 are based in Shenzhen. They work shifts and live inside the massive factory complex.
SHANGHAI, May 12 (Xinhua) -- Chinese people at the Shanghai Expo Wednesday took time to remember the devastating earthquake that hit southwest China's Sichuan Province two years ago to the day.Among the event's international community, people from Chile and Haiti also reflected on the earthquake tolls in their own countries.QUAKE-PROOF BUILDINGSIn the Broad Pavilion, a long line of silent visitors waited to enter a 20-square-meter quake-proof house where an 8-magnitude earthquake was being simulated.The strength of the simulation was the same as the tremor that left more than 80,000 people dead or missing in Sichuan.Broad Company, a major air-conditioner maker in China, was trying to reproduce the destructive power with a shaking and thunderous noise that seemed to rock the small house seemed close to destruction."I feel great sympathy for the victims. My grief goes beyond words, and I can only pray that all people live in happiness, peace and health," said a monk from Gemeng Temple, Sichuan.At 2:28 p.m., exactly the time the quake hit two years ago, all the people in the pavilion held a tribute. Commemorative poems were recited, describing the losses of family members, clearly moving many visitors.Li Bin, deputy head of devastated Beichuan County, who was present, recalled, "Two years ago, buried under the debris, I was filled with fear of death and hope for life. Today, standing in the pavilion of a great Expo, all sorts of feelings well up in my mind."Technological solutions to withstand earthquakes were also on display. Two years of research by Broad Company had resulted in a pavilion, which was propped up by light steel pillars above the ground.FROM SICHUAN TO QINGHAIYi Yang, deputy director of the Sichuan Pavilion, rose early Wednesday so that he could arrive before the crowds.Yi and representatives from Sichuan had prepared gifts for visitors to commemorate the quake and show gratitude for the help they had received.With the arrival of visitors, seven girls of the Qiang ethnic minority sang folk songs and showed their needlework skills."The phoenix in our embroidery and the flower mentioned in our song carry the message of good luck and happiness. We want to give them to Expo visitors and all the people who helped us," said performer Yechu Nambar.A member of the Qiang ethnic minority, Yechu Nambar is a native of Maoxian County of Aba Tibetan and Qiang Autonomous Prefecture. Her hometown was one of the areas hit hardest by the earthquake.People from all walks of life and resources from around the country were sent to assist the Qiang and save their endangered folk culture."Today we can express our most sincere and heartfelt gratitude to all the people who helped us," she said.Elements featuring the earthquake are noticeable at the Sichuan Pavilion. A digital screen depicts the relief operation and reconstruction.
BEIJING, April 22 (Xinhua) -- Foreign leaders and heads of international and regional organizations continued to send condolences to China on Wednesday and Thursday over the strong earthquake that hit Yushu County in northwest China's Qinghai Province on April 14.King of Thailand Bhumibol Adulyadej, Princess Sirindhorn, Prime Minister Abhisit Vejjajiva conveyed deep condolences to the victims, their families and the Chinese people, and wished that the injured recover soon.King of Saudi Arabia Abdullah Bin Abdul-Aziz, Crown Prince and Vice Prime Minister Sultan Bin Abdul-Aaziz sent their sincere condolences to the Chinese people.Israeli President Shimon Peres expressed sincere condolences and sympathy to the Chinese people, especially to the families of the victims. He said he believed China would overcome the disaster soon.Turkish President Abdullah Gul expressed deep sorrow over the huge casualties in the quake. He also offered condolences to the families of the victims and wished the injured a quick recovery. Gul said that the Turkish people would like to share the sorrow of the Chinese people.Maldivian President Mohamed Nasheed expressed great sorrow over the huge casualties in the earthquake, and conveyed deep sympathy to the people affected by the quake. He also sent his sincerest condolences to the families of the victims.Singapore's Senior Minister Goh Chok Tong sent condolences to the Chinese people.Marzuki Alie, speaker of the House of Representatives of Indonesia, expressed condolences to the victims and the Chinese people.Ethiopian President Girma Wolde Giorgis expressed great sorrow over the huge casualties in the earthquake and sent deep sympathy and condolences to the Chinese people and the families of the victims. He said he firmly believes that the Chinese people would overcome the disaster under the leadership of their government.Tanzania President Jakaya Mrisho Kikwete sent condolences to the victims and sympathy to the families affected by the quake.Tunisian President Zine Al-Abidine Ben Ali expressed sincere condolences and deep sympathy to the Chinese people.Jose Maria Pereira Neves, the prime minister of Cape Verde, and the president of the country's National Assembly, Aristides Raimundo Lima, conveyed deep condolences to the victims, their families and the Chinese people.Pakalitha Mosisili, prime minister of Lesotho, sent his deepest condolences to the victims of the earthquake and wished the injured a quick recovery.Guinea Parliament Speaker Bissau Raimundo Peireira expressed sincerest condolences to the families of the victims.Polish Prime Minister Donald Tusk and Vice Prime Minister Waldemar Pawlak conveyed their deepest sympathy and sincerest condolences to the families of the victims. They said that the Polish and Chinese people were sticking together at the moment.Juan Somavia, director general of the International Labor Organization,sent condolences to the victims and sympathy to the people affected by the earthquake.Edouard Dayan, the director general of Universal Postal Union's International Bureau, expressed sympathy to the Chinese people.Thai Foreign Minister Kasit Piromya, Secretary of Foreign Affairs of the Philippines Alberto Romulo, and Malta's Minister of Foreign Affairs Tonio Borg sent messages of condolence to their Chinese counterpart Yang Jiechi.
BEIJING, May 17 (Xinhua) -- The Chinese government is pushing for the restructuring of major state-run news portals - including cctv.com and xinhuanet.com - to allow them to "establish a modern enterprise system," launch initial public offerings (IPO) and abandon the "iron rice bowl" concept.Ten major news portals are involved in a pilot restructuring project: the websites of state broadcasters China Central Television, Xinhua News Agency, People's Daily, Beijing's qianlong.com, Tianjin's enorth.com.cn, Shandong's dzwww.com, Shanghai's eastday.com and Zhejiang's zjol.com.cn among others.The websites are currently affiliated to news organizations run by central and local governments.According to a symposium on the restructuring work Monday in Changsha, capital of central China's Hunan Province, the restructuring plans for people.com.cn and xinhuanet.com have been approved.The pilot project, initiated last October, covers shareholding reform, establishment of a modern enterprise system and IPOs to "strengthen the competitiveness" of the news portals.According to the symposium, the website operators have actively engaged in the development of search engines, cell phone news services, cell phone TV services, Internet TV, e-commerce, online cartoon games and other new media areas, which have strengthened their capacities.The operating income of people.com.cn and xinhuanet.com have witnessed "big growth," the symposium said.Domestic commercial news portals like sina.com.cn and sohu.com are listed overseas.The step is part of Chinese government's efforts to reform China's cultural industry in a bid to promote Chinese media and cultural enterprises' global influence and boost the nation's soft power.