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BEIJING, Oct. 10 (Xinhuanet) -- China's small businesses turned to be the first to ring the alarm as the country is walking a fine line between fighting inflation and maintaining growth.Some entrepreneurs have disappeared and others have jumped off buildings almost every week since April in Wenzhou City, an entrepreneurial capital in eastern China's Zhejiang province, Xinhua reported.The sudden disappearance of the business owners has revealed a surprisingly gloomy picture for the small and medium-sized enterprises (SMEs) in China.RUNAWAY BOSSESAccording to a Xinhua investigation, at least 80 cash-strapped businesspeople in Wenzhou have skipped town or declared bankruptcy to invalidate more than 10 billion yuan (1.6 billion U.S. dollars) in debt.Just last month, two local entrepreneurs in Wenzhou killed themselves by jumping off the buildings and another broke his leg in a similar suicide attempt.The tragedies in Wenzhou are extreme cases of private SMEs struggling to survive a liquidity crunch amid the country's macro control policies set to curb inflation and cool down the over-heated property market.In Wenzhou, one-fifth of the 360,000 small and mid-sized businesses have stopped operating due to cash shortages, according to the city's council for small and medium-sized enterprises.Of the 855 companies surveyed by the Wenzhou Economic and Information Commission, more than 76 percent said they are almost out of money and are struggling to continue production.But many cash-strapped firms are unable to borrow money from banks, and some have turned to China's underground lending market to pool money from individuals and firms.The steep rates of the informal loans pushed some businesses to the brink of collapse.

BEIJING, Oct. 24 (Xinhuanet) -- Thirty-year-old Chen Liang acquired his iPhone 4S in a relatively straightforward way without visiting the gray market. He typed "Looking for an iPhone 4S through weibo" on the Chinese equivalent of Twitter at 9 am on Oct 17 and secured one by 2 pm that day.The software engineer was lucky. Thousands of Chinese Apple fans are desperate for the 4S regardless of the price and effort required after China was left out of Apple's list of first and second groups of countries where it launched its latest product."A friend's friend in Canada put me in contact with a supplier and I'm getting one for just 5,500 yuan (9). Unauthorized Apple retailers are setting their floor price at 8,000 yuan," said Chen, from Jiangsu province.A proud Apple customer shows off the new iPhone 4S he purchased at an Apple store in Munich, Germany."I need to have one because I see the potential of its cloud computing service and artificial intelligence application. That's currently a wide open area in China. Simply speaking, other smartphones allow you to access search engines while the 4S's cloud search using Siri - a voice recognition and talking assistant - helps to filter irrelevant results and makes suggestions for you. My work-related curiosity drove me to get one because it is the future for phones."Jin Jianhan, who works at a Shanghai-based IT company, says he will do whatever it takes to get a 4S because "it's very important to get an Apple product when it's first launched".Jin plans to contact his friends in the United States to see whether they can send him one and to keep an eye on the Hong Kong market in case the special administrative region gets the green light to sell the devices in the third round of agreements."I'd try both ways and go for the overseas one first even it won't cover my domestic Apple guarantee," said Jin. "I will take the Hong Kong 4S when it's available to replace the American one."In its first round of agreements, Apple launched the iPhone 4S in the United States, Canada, Australia, the United Kingdom, France, Germany and Japan. Apple said on Oct 17, the third day after its release, that more than four million iPhone 4S devices had been sold. That figure is more than double the 1.7 million units of the iPhone 4 that Apple sold during its first three days on the market in June last year.The second group of countries to be licensed were mostly other European states. They will get the product by the end of October. Apple China refused to give a date for when it will be sold on the mainland.Meanwhile, Apple fans all over the world are paying their respects to Apple guru Steve Jobs by snapping up the iPhone 4S in record numbers. Wang Bo, who works as an industrial designer in Sydney, Australia, reserved his at a local store."It's the last Apple product that he (Steve Jobs) ever worked with," said Wang. "I'm buying it as a souvenir."In Huaqiangbei, an area in Shenzhen known for its many consumer electronics shops, unauthorized Apple dealer Zhou Bin has been happy to work overtime since the night of Oct 15, the first day that he received supplies of the iPhone 4S.

BEIJING, Oct.25 (Xinhua) -- The China Banking Regulatory Commission (CBRC), the country's top banking regulator, on Tuesday revealed detailed plans to encourage financial support for the country's small and micro-sized enterprises.In a supplementary notice issued to its previous support plan for financing small enterprises, the CBRC said banks should ensure that the growth of loans to small firms will not be slower than that of the average lending, and the growth should be higher than the level of the previous year.Also, commercial banks should give more support to enterprises that borrow less than 5 million yuan (787,401 U.S. dollars), and increase tolerance for non-performing loans to small and micro-sized firms, it said.The regulator has set detailed rules for the establishment of financial institutions serving small businesses, and encouraged banks to create financial instruments to support the development of small high-tech enterprises.The CBRC has also allowed banks to issue special financial bonds to boost financing for small businesses.By the end of August, outstanding loans to small and micro-sized enterprises stood at 14.6 trillion yuan, accounting for 27.2 percent of total lending.

BEIJING, Nov. 26 (Xinhua) -- In response to the government's call to build a greener economy, China's transport authorities have taken a slew of measures to promote energy saving and emission reductions in the sector.Under the sector's funding policy unveiled earlier this year, 122 emission-cutting projects in the industry have received financial support totalling 250 million yuan (39.3 million U.S. dollars). Encouraged by the special funds, another 8.06 billion yuan in investment went to the projects, according to He Jianzhong, spokesman for the Ministry of Transport (MOT).The projects were estimated to be able to save 315,000 metric tons of coal equivalent, replace 224,000 metric tons of fuel oil and reduce carbon dioxide emission by 1.14 million metric tons, He said.Meanwhile, the MOT has launched nationwide programs to promote low-carbon traffic. It has carried out 80 pilot projects on emission control and designated 10 cities as pilot areas to study and promote green transport system, including Tianjin, Shenzhen, Xiamen, Guiyang, Baoding and Wuhan.He said the ministry will continue to intensify efforts to regulate emissions in the sector to meet the industry's control target during the 12th Five-Year Plan period (2011-2015).In efforts to build a more environmental-friendly society, the government pledged that it will reduce the intensity of carbon dioxide emissions per unit of economic output in 2020 by 40 to 45 percent compared with the level of 2005.

BEIJING, Jan. 1 (Xinhua) -- The public on Sunday strongly echoed Chinese President Hu Jintao's New Year address broadcast on Saturday, vowing to make great efforts for rejuvenation of the nation, a better future.In his speech titled "Jointly Improve World Peace and Development," Hu said that China will continue to develop friendly exchanges with other countries and positively participate in international cooperation on global issues.The country will continue to balance maintaining steady and relatively fast economic growth with adjusting its economic structures and managing inflation expectations, Hu said in the speech.PROUD Of COUNTRY'S ACHIEVEMENTS"We have been encouraged by President Hu's address, said Wang Laihua, head of the public opinions research institute of Tianjin Social Sciences Academy."His address summarized the achievements that we have made in the first year of the 12th Five-Year Plan, which raised people's expectation for prosperity, happiness," said Wang.Hu said in the address that in the face of complicated international situations and arduous tasks in maintaining domestic reform, development and stability in 2011, Chinese people united and continued to push forward the opening up and reform drive and the socialist modernization construction, while maintaining steady and relatively fast economic growth and making progress in building a well-off society in an all-around way.Zhu Jianfang, chief economist of CITIC Securities, said that the country's macroeconomic control has made positive achievements in the last year, as the prices of properties and commodity have been effectively controlled."We feel reassured after hearing Hu's speech," said Wen Jun, who has come to south China's Guangzhou for business from Hong Kong for 16 years, referring to Hu's speech saying that China will stick to the guidelines of "one country, two systems," "Hong Kong people governing Hong Kong," "Macao people governing Macao," and a high degree of autonomy in maintaining the long-term prosperity and stability of Hong Kong and Macao.