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BEIJING, May 15 -- China is planning to raise the proportion of profits it collects from major State-owned enterprises (SOEs) in a move to balance income distribution, but analysts said the move should be bolder and the collected profits used to improve public well-being.The Ministry of Finance said on Tuesday that it might raise the ratio of profits of SOEs to be submitted to the State coffers.According to existing rules, monopoly enterprises under the administration of the central government in sectors like tobacco, oil, petrochemicals, power, telecommunications and coal mining should submit 10 percent of their post-tax profits, while the ratio for those in the iron and steel, transportation, electronics and trade sectors should be 5 percent.Financial corporations and companies in sectors like railways, transportation, education, culture, science and technology and agriculture are not included in the profit submission framework.The Ministry of Finance did not reveal by how much the ratio would be raised."It should be raised properly, and even if it were raised by 10 percentage points, it doesn't matter too much for those central enterprises, given their high profit level," said Zhang Wenkui, researcher with the State Council's Development Research Center.Central enterprises have been criticized by the public for having taken advantage of their monopoly or market predominance to make excessive profits. Some of them have further fueled public anger as they bid to purchase land at high prices, which is believed to have pushed up home prices.The central government collected profits of 14 billion yuan ( billion), 44.4 billion yuan and 98.9 billion yuan respectively in 2007, 2008 and last year from SOEs. In 2009 alone, however, the enterprises made profits totaling 965.6 billion yuan.
DRESDEN, Germany, April 12 (Xinhua) -- Li Changchun, a senior leader of the Communist Party of China (CPC), met with Stanislaw Tillich, premier of the eastern German state of Saxony here on Monday.Li, a member of the Standing Committee of the Political Bureau of the CPC Central Committee, arrived here earlier in the day for an official goodwill visit.Cooperation between localities constitutes an important part of Sino-German ties, Li said. He spoke highly of the fruitful bilateral cooperation in economy and trade, education, culture and environmental protection.Li Changchun (L), a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China, meets with Saxony's State Premier Stanislaw Tillich in Dresden, Germany, April 12, 2010.He hoped the two sides could make more efforts to enhance mutual understanding between the two peoples and make new contribution to Sino-German cooperation.Tillich said that Li's Dresden visit fully demonstrates China's support to the cultural exchanges between localities of the two countries.He told Li that the German side has been preparing for the Enlightenment art show to be staged in China. He believed the show could help push forward bilateral exchanges in the cultural and other areas.

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.
BEIJING, April 19 (Xinhua) -- As of 8:00 a.m. Monday local time, there had been 1,206 aftershocks following the 7.1 magnitude earthquake in Yushu, according to statistics from the China Earthquake Administration.Among the aftershocks, 12 were above 3 magnitude, one between 6.0 and 6.9 magnitude, three between 4.0 and 4.9 magnitude and eight between 3.0 and 3.9 magnitude.There has been no more aftershocks above 3 magnitude since a 3.6 tremor occurred at 7:00 a.m. April 17.The 7.1 magnitude quake, which jolted the Tibetan Autonomous Prefecture of Yushu on April 14, had left at least 1,706 dead, 256 missing and 12,128 injured, as of 10 a.m. Sunday.
BEIJING, May 27 (Xinhua) -- Two spokespersons have been named for China's Information Office of the State Council, or Cabinet, and the International Communication Office of the Communist Party of China (CPC) Central Committee.The two spokespersons are Guo Weimin, director of the press bureau under the two offices, and Li Wufeng, director of the offices' Internet affairs bureau, according to a press release on the office's official website.In December last year, Wang Chen, director of the State Council Information Office, said the establishment of a spokesperson system for the CPC committees would be a major task for 2010.The system would be promoted in departments of the CPC Central Committee and provincial-level committees to enable them to release information on Party-related affairs by holding press conferences and providing interview opportunities, he said.
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