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BEIJING, Aug. 30 (Xinhua) -- The country's top 500 giants are narrowing gap with foreign counterparts, but they still lag behind, the China Enterprise Confederation announced in its release of the 2008 Top 500 Chinese enterprises list on Saturday. According to the report, the total revenue of the top 500 Chinese enterprises reached 2.99 trillion U.S. dollars (1 dollar=7.3046 yuan, calculated under the exchange rate in 2007), profits 188.4 billion U.S. dollars and assets 8.17 trillion U.S. dollars.Revenues were equivalent to 12.67 percent of the global top 500, profits equaled 11.85 percent and assets 7.79 percent, compared with 10.7 percent, 6.5 percent and 7.8 percent respectively last year. Analysts said the growing proportion of revenue and profits indicated that Chinese companies had become more competitive and profitable. Confederation deputy president Li Jianming said the country's growing economy had benefited these enterprises in spite of price hikes for oil and other materials. He also said private enterprises had grown more robust and capable of taking in advanced technology and management from world giants. They accounted for about a fifth of the country's top 500 enterprises. In addition, their rising investment in research and development and their emphasis on exploring the domestic market increased competition. The growth rate of net profits of the country's top 500 was 19 times faster than that of the world's top500. However, another confederation deputy president Wang Jiming said Chinese enterprises still fell behind in innovation, investment in research and development, and the ability to operate internationally. It would take a long time to catch up. Only 39 enterprises reported overseas sales income of more than 30 percent of the total revenue. Research and development spending accounted for only 1.32 percent of their total revenue, compared with the international average of 3 percent to 5 percent. Poor supply chain management also lagged behind. Logistics coststill accounted for much of the total output, twice that of the world average. Haier and Huawei were among the few enterprises that paid adequate attention to supply chain management. Sinopec Corp, Asia's top oil refiner, retained top spot for the fourth straight year on the Top 500 Chinese Enterprises list with its business revenue exceeding 1.2 trillion yuan, (175.2 billion U.S. dollars), the China Enterprise Confederation (CEC) said on Saturday. The oil giant was followed by the State Grid and PetroChina Company. The top 500 companies paid taxes of 1.74 trillion yuan, accounting for 35.2 percent of the national tax revenue. Baosteel Group Co. and China FAW Corporation and Hongfujin Precision Industry (Shenzhen) Co. held the top three positions in manufacturing sector. The State Grid Corp. of China, the Industrial and Commercial Bank of China and China Mobile ranked the top three in the service sector.
BEICHUAN, Sichuan, May 16 (Xinhua) -- Thirty-three more survivors were pulled out of debris in Beichuan county in southwest China on Friday as rescue efforts entered the fourth day since the 7.8-magnitude earthquake on Monday. The total number of survivors saved in Beichuan in Sichuan Province rose to 13,595, rescuers said. Beichuan, a county of about 160,000 people, is one of the worst-hit region, with 80 percent of the buildings collapsed and at least 7,000 lives lost. A 46-year-old survivor, Peng Zhijun, had lived on cigarettes, paper napkins and his urine when he was buried in the rubble in the past four days. He was still sober-minded almost 100 hours after the quake. Doctors said he suffered bone fractures in the left arm and slight injuries in the legs, but the other parts of his body were basically in good condition. "Natural disasters cannot be avoided. I had to save me from myself," Peng told reporters Friday evening. Deng Jiaying, a 86-year-old woman, evacuates from the mountain area with the help of the Chinese People's Liberation Army (PLA) soldiers in Beichuan County, southwest China's Sichuan Province, May 16, 2008. Many victims trapped in the mountain area of the county evacuated under the escort of PLA soldiers on Friday.( He recalled that more than 10 people had been buried beside him in the rubble. "At the very beginning, they were all alive. But unfortunately, they died one after another." "I had encouraged some of them to drink their urine. But they did not listen," he said. Zhang Yan, a 36-year-old woman pharmacist, was rescued at 2:36 p.m. Friday. She was unconscious and soldiers carried her on their backs to a nearby medical center. A 72-year-old woman named Deng Zhongqun was found by soldiers after being stranded at her badly damaged hillside house. She had been injured by a falling girder and had eaten only nuts over the past four days. "Thank goodness for the soldiers. I only weigh 65 kilograms and they carried me by turns on their backs, walking miles to reach the medical station," said Deng. The death toll in Sichuan alone exceeded 21,500 while 14,000 others remained buried as of 4 p.m. Friday, vice provincial governor Li Chengyun said at a press conference. He said that 159,000 people were injured in the massive earthquake and 4.8 million people had been relocated. Friday's death toll rose by about 2,000 from that of Thursday. Sichuan had experienced 4,432 aftershocks in the past four days, Li said. The national death toll from the earthquake rose to 22,069 as of 2 p.m. Friday, while 168,669 people were injured, the latest government statistics show. In addition to the deaths in Sichuan, 364 were killed in Gansu Province, 109 in Shaanxi Province, 15 in Chongqing Municipality, two in Henan Province, one in Yunnan Province and one in Hubei Province. The central government allocated another 1.17 billion yuan (167million U.S. dollars) to the relief fund for quake-hit areas on Friday. This brought the disaster relief fund from the central budget to 3.41 billion yuan. Public donations in both cash and goods to the quake-hit areas rose to 3.175 billion yuan as of 4 p.m. Friday, according to the Ministry of Civil Affairs. China has mobilized more than 130,000 troops for rescue operations, who were desperate to excavate survivors despite the passing of the prime time for survivors' rescue -- 72 hours after the quake. Foreign rescue teams from Japan, Russia, the Republic of Korea and Singapore have arrived in Sichuan to aid the disaster relief efforts.

SHANGHAI, Sept. 5 (Xinhua) -- The world's widest tunnel with an inner diameter of 13.7 meters completed its excavation here under the Yangtze River on Friday. The 8.9-km tunnel is part of a 12.6 billion yuan (1.84 billion U.S. dollars) bridge and tunnel project to link Shanghai with Chongming Island, the country's third largest after Taiwan and Hainan. The tunnel will accommodate a six-lane expressway and a rail line. When operational in 2010, travel to Chongming from urban Shanghai will take 20 minutes, according to Yu Xuanping, vice general manager of the Shanghai Tunnel Engineering Co., Ltd, builder of the tunnel. The company used a tunnel boring machine with a diameter of 15.43 meters, the largest of its kind, to excavate under the Yangtze. The tunnel and bridge project would make the transport networkson the southern and northern sides of the river more closely connected, said Wu Liangyong, a Chinese Academy of Sciences academician. The tunnel connects Shanghai's vast Pudong District with Changxing Island in the Yangtze, while the bridge connects Changxing and Chongming. Currently, Chongming is connected with Jiangsu Province to its north. Located at the Yangtze River mouth, Chongming covers an area of1,200 sq. km, equal to about 20 percent of Shanghai's total land area. China's central government plans to turn the island into a model of an eco-friendly town in the country. Shanghai municipal government is also paying great attention, with infrastructure projects being built within the island. Experts said the inconvenient traffic between Shanghai and Chongming once blocked the development of the island. The construction of the bridge and tunnel would help attract overseas investment and make the suburb a major channel of the Yangtze River Delta area.
DUSHANBE, Aug. 26 (Xinhua) -- Chinese President Hu Jintao arrived in Tajikistan's capital Dushanbe on Tuesday for a state visit and to attend the 8th Shanghai Cooperation Organization (SCO) summit, scheduled for Thursday. Hu flew to Dushanbe from Seoul after concluding a state visit to the Republic of Korea, and was met at the airport by Tajik President Emomali Rakhmon. During his stay in Dushanbe, President Hu will hold talks with Rakhmon and sign bilateral cooperation deals related to political, economic and trade exchanges, according to a senior official of the Chinese Foreign Ministry. In a written speech delivered at the airport, Hu said China and Tajikistan are friendly neighbors sharing common mountains and rivers. Since the two countries forged diplomatic ties 16 years ago, bilateral relations have witnessed smooth development with tangible results achieved in political, economic, security and other areas, he said. Chinese President Hu Jintao (R Front) shakes hands with South Korean Prime Minister Han Seung Soo during their meeting in Seoul, capital of South Korea, Aug. 26, 2008 The two countries have resolved lingering border disputes and signed a treaty of friendship and cooperation featuring good-neighborly relations last year, Hu noted. China and Tajikistan have also supported each other on major and sensitive issues of mutual concern, and cooperated closely under multilateral frameworks including the SCO and the United Nations, he added. During his visit to Tajikistan, President Hu will sum up the current position of bilateral ties and blueprint key areas for future cooperation. Chinese President Hu Jintao (L Front) waves to people as Tajik President Emomali Rakhmon (R Front) greets him at the airport in Tajikistan's capital Dushanbe Aug. 26, 2008. Chinese President Hu Jintao arrived in Dushanbe on Aug. 26 for a state visit and to attend the 8th Shanghai Cooperation Organization (SCO) summit, scheduled for Aug. 28. "With concerted efforts made by both, the visit will be a complete success and Sino-Tajik good-neighborly, friendly and cooperative ties will be uplifted to a new level," he said. Bilateral ties have maintained good momentum in recent years, with the two countries working more closely on trade, transportation, telecommunication, infrastructure, education, culture and sports. China and Tajikistan have also engaged in fruitful cooperation in cracking down on East Turkistan separatists and the "three evil forces" of terrorism, separatism and extremism, as well as in fighting drug trafficking. President Hu will also attend the annual SCO summit in Dushanbeon Thursday. Founded in 2001, the SCO groups China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan. Tajikistan is the second leg of Hu's three-nation tour, which will next take him to Turkmenistan.
Li Changchun (R), a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, shakes hands with medical workers from Beijing Military Command at Yingxiu Town of Wenchuan County during his inspect to the quake-hit southwest China's Sichuan Province on June 3, 2008. (Xinhua Photo) CHENGDU, June 3 (Xinhua) -- Senior Chinese leader Li Changchun on Tuesday visited areas in southwest China's Sichuan province that were hardest hit by the May 12 earthquake, encouraging residents and relief workers on the front line. On Tuesday morning, Li, a member of the Standing Committee of the Political Bureau of the CPC Central Committee, arrived at Yingxiu County by helicopter. He told survivors in Yuzixi village, "You've gone through considerable pain, but you remained strong in the face of disaster. Your spirit has touched all Chinese people. I hope you will soon go back to your normal lives and build a better home." At Dujiangyan Radio and Television Station, Li urged the technicians to repair the network as soon as possible to ensure that the people in the quake zone could enjoy radio and TV programs. Li Changchun, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, shakes hands with an injured quake victim at Huaxi Hospital in Chengdu during his inspect in southwest China's Sichuan Province, on June 3, 2008. (Xinhua Photo) In the afternoon, he visited patients and medical workers at Huaxi Hospital of Sichuan University, where he spoke words of encouragement to medical workers. Before leaving Chengdu, Li visited artists who came from Beijing to the quake zone for real-life inspirations. Li hoped they could go deep into the front line of the quake and represent the feelings of the victims, soldiers and other relief workers. "I believe you can create many artworks that will inspire the people affected by the earthquake," Li said. He was accompanied by Liu Yunshan, a member of the Political Bureau of the CPC Central Committee and director of the Publicity Department of the CPC Central Committee. The death toll in the earthquake that jolted Sichuan Province and some other areas on May 12 rose to 69,107 as of Tuesday noon.
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