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WASHINGTON, Nov. 4 (Xinhua) -- The United States requested the World Trade Organization (WTO) on Wednesday to establish a dispute settlement panel to rule on China's export restraints on raw materials. But Chinese officials insist that they are consistent with WTO rules. The materials at issue are: bauxite, coke, fluorspar, magnesium, manganese, silicon metal, silicon carbide, yellow phosphorus, and zinc, key inputs for numerous downstream products in the steel, aluminum, and chemical sectors across the globe. The Office of the United States Trade Representative (USTR) said in a statement that the raw materials are "critical to U.S. manufacturers and workers." The USTR also said that the European Union and Mexico are joining the United States in requesting the establishment of a WTO dispute settlement panel regarding this matter. The U.S. and the European Union requested formal consultations with China at the WTO on June 23, 2009, and Mexico filed its consultations request on August 21, 2009. "We believe the restraints at issue in this dispute significantly distort the international market and provide preferential conditions for Chinese industries that use these raw materials," said Debbie Mesloh, a USTR spokeswoman. "Working together with the European Union and Mexico, we tried to resolve this issue through consultations, but did not succeed. At this point, therefore, we need to move forward with the next step in the WTO dispute settlement process," Mesloh stated. "We remain open to working with China to find a mutually agreeable solution to our concerns." But the Chinese Ministry of Commerce defended China's export policies, saying they are consistent with WTO rules. The chief aim of China's export policies is to protect the environment and conserve natural resources, said an official with the Ministry of Commerce in June. China has been keeping communication and contact with the U.S. and the EU over China's policy on raw material exports, the official said, adding that China will properly deal with the consultation request in accordance with WTO dispute settlement procedures. According to the procedures, China, the U.S., the EU and Mexico have 60 days to try to resolve their dispute through consultations. If consultations fail, the U.S., the EU and Mexico could ask for a WTO panel to investigate and rule on this dispute.
BEIJING, Jan. 5 (Xinhua) -- Chinese Vice Premier Li Keqiang here Tuesday urged medical workers to improve their professional ethics and skills to contribute to the country's medical reform. "All medical staff should strengthen their professional ethics, pay attention to humane solicitude, improve professional techniques, strengthen service skills and strive to serve the people well," said Li during a ceremony awarding outstanding organizations, individuals and rural doctors in the medical field. Chinese Vice-Premier Li Keqiang (R) meets with representatives attending a national conference of the advanced staff members and groups in the health sector in Beijing, capital of China, Jan. 5, 2010.Li, also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, said that for a long time all medical staff had pooled their wisdom, sweats, love and actions to the country's health services. He asked people in the medical field to carry on the fine tradition of saving the dead and curing the injured, learn from the outstanding organizations, individuals and rural doctors, do their duty well and contribute their wisdom to the country's medical reform. Li praised the prevention and control measures in the face of the A/H1N1 flu, saying the country's health service still has a long way to go as people are having new expectations for health improvement.
BEIJING, Nov. 17 (Xinhua) -- Chinese President Hu Jintao will visit the United States next year at the invitation of President Barack Obama, a joint statement said Tuesday. Obama extended the invitation at a formal meeting with Hu in Beijing's Great Hall of the People, and Hu accepted it with pleasure, said the China-U.S. Joint Statement issued after the meeting.
BEIJING, Dec. 30 (Xinhua) -- Top Chinese leaders including President Hu Jintao on Wednesday watched Peking Opera at the National Center for the Performing Arts in a gala to mark the New Year. Top legislator Wu Bangguo, top political advisor Jia Qinglin, and other senior leaders including Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang and Zhou Yongkang also watched the performance together with nearly 1,000audience. The programs include excerpts from modern Peking Opera "The Red Lantern" and a series of traditional works such as "Si Lang Tan Mu", or "The fourth son visits his mother". Top Chinese leaders including President Hu Jintao on Wednesday watched Peking Opera at the National Center for the Performing Arts in a gala to mark the New Year. The 200-year-old Peking Opera, regarded as a cultural treasure of China, combines instrumental music, vocal performances, mime, dance and acrobatics.
BEIJING, Nov. 9 (Xinhua) -- China Merchants Securities, a leading domestic brokerage firm, announced Monday that it has set its A-share initial public offering (IPO) price range between 26 yuan (3.8 U.S. dollars) and 31 yuan. The Guangdong-based brokerage is scheduled to issue no more than 358.5 million shares, it said in a statement to the Shanghai Stock Exchange Monday. The IPO price translates into a price to earnings (P/E) ratio between 47.18 and 56.26 times. The subscription of the company starts on Tuesday, said the company.