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 BEIJING, May 31 (Xinhua) -- The 28-year-old policewoman Jiang Min has become a national model for her devotion to quake victims while her own mother and two-year-old daughter died in the devastating May 12 earthquake.     Jiang was received by Zhou Yongkang, secretary of the Central Committee for Political and Legislative Affairs of the Communist Party of China (CPC), at Zhongnanhai, the leadership compound in downtown Beijing, on Saturday afternoon. Zhou Yongkang, secretary of the Central Committee for Political and Legislative Affairs of the Communist Party of China (CPC), shakes hands with the 28-year-old policewoman Jiang Min at Zhongnanhai, the leadership compound in downtown Beijing, May 31, 2008. Jiang Min has become a national model for her devotion to quake victims while her own mother and two-year-old daughter died in the devastating May 12 earthquake.  (Xinhua Photo)    Many police officers risked their own lives to save others and help suffering victims after the major quake, said Zhou, also a member of the Standing Committee of CPC Central Committee Political Bureau, "You are one of them. You have been on the frontline to assist quake victims when bearing great pains of losing the beloved. All of us should learn from you."     A day after the quake, Jiang learnt that ten members of her family living in Beichuan county, one of the worst-hit areas, passed away including her only daughter.     She was working as a police officer in the neighboring city Pengzhou.     "I felt that the sky was falling. I can't believe that. I had just talked with my baby girl on phone a day ago," she once recalled the dark moment in an interview.     But Jiang did not leave her post as more and more displaced people came to Pengzhou from quake-hit areas and the police had to help them settle down. In the week following the earthquake, she had worked at temporary shelter camps and barely slept until she fainted on the spot and was sent to hospital.     Jiang has showed the best of Chinese police officers, Zhou said.     He hoped that local police officers and those from other parts of China to assist quake relief would stick to such a noble spirit to work together and well serve their duty in a bid to help create a stable society in the quake-affected areas.     Jiang said she would not fail the Party and people's expectation and work harder in her own post.

BEIJING, June 12 (Xinhua) -- Chinese President Hu Jintao and Premier Wen Jiabao have ordered that supplies for the summer harvest be guaranteed amid reports of shortages in some areas.     Following their order, the State Council has asked local governments and related enterprises to prioritize supplies such as diesel, the fuel for farm vehicles, to take advantage of the best time for the ongoing wheat harvest.     Tight supplies of diesel were reported in some areas since the country began to reap the wheat crop in May as refiners experienced losses resulting from domestic prices that were kept below the spiraling international prices. Famers crop wheat in Yuanyang County of Xinxiang City in central China's Henan Province, June 4, 2008. The harvest of over 5.2 million hectares of wheat in Henan Province has been completed by 5 p.m. on June 11. The whole summer grain crops of Henan is expected to break 30 billion kilograms    The summer harvest is vital for China as wheat production would add to the grain output for the year.     The State Council asked producers to enhance production to increase supplies. It also warned related departments to impose tighter supervision over market order to cap prices.     It said more specific measures, such as providing exclusive supply channels for diesel-powered farming vehicles, handing out special filling cards for farming vehicles and direct diesel delivery to farmers, would also be implemented. Chen Shuying gathers wheat in Houhe Town of Weihui City in central China's Henan Province, June 6, 2008. The harvest of over 5.2 million hectares of wheat in Henan Province has been completed by 5 p.m. on June 11. The whole summer grain crops of Henan is expected to break 30 billion kilograms.

BEIJING, Oct. 8 (Xinhua) -- China's central bank on Wednesday announced cuts in both the interest rate and reserve-requirement ratio in the latest effort to boost the domestic economy amid worries over the deepening global financial crisis.     The deposit and lending rates would be lowered by 0.27 percentage points from Thursday and the reserve-requirement ratio would be down by 0.5 percentage points from Oct. 15, the People's Bank of China (PBOC) said.     "This was mainly out of concerns over an economic slowdown," said Ba Shusong, deputy chief of the Finance Research Institute under the Development Research Center of the State Council.     "The rate cut was expected as the world was faced with a cycle of interest rate cuts," he told Xinhua.     OUT OF SLOWDOWN CONCERNS     The loosening in monetary policy, the second such move in less than a month, highlighted the government's rising concern over the slowing economy and slumping capital market.     The PBOC cut the benchmark one-year lending rate by 0.27 percentage points on Sept. 16, the first rate cut in six years. It also lowered the reserve requirement at medium- and small-sized lenders by 1 percentage point as of Sept. 25.     Tang Min, China Development Research Foundation deputy secretary, echoed Ba's viewpoint.     Tang said the government made the move mainly out of concerns over domestic problems. "The deepening U.S.-originated credit crisis has impacted the psychology of Chinese and also the real economy," he told Xinhua.     Investors, gripped by lingering fears of global economic downturn, dumped equities to drive the stock market down 66 percent from its peak last October.     China's gross domestic product (GDP) expanded 10.1 percent in the second quarter of the year, marking a deceleration for four consecutive quarters.     Its exports, a major driver behind the economy, reported slowing growth this year as the credit crisis reduced overseas demand for its goods. This has led to the closures of tens of thousands of local exporters and also job losses.     Local businesses bore the brunt of higher borrowing costs and were even finding it difficult to get credit after last year's tightening measures aimed at curbing inflation and averting economic overheating.     The easing in inflation has given room for the authorities to loosen monetary policy. The consumer price index rose 4.9 percent in August, off from the 12-year-high of 8.7 percent in February.     "Inflation is no longer a threat with the declining commodities prices," Tang said.     The monetary policy has been starting to loosen and the trend would not change in the short term, said Zhuang Jian, an Asian Development Bank (ADB) economist. "The whole world doesn't have strong confidence in the economic outlook."     TAX CUT TO BOOST DEMAND     In another move to boost domestic demand, the State Council, China's Cabinet, said it would scrap the 5 percent individual income tax on savings interest earnings starting on Thursday.     China began levying a 20 percent individual income tax on interest earnings in 1999 to narrow the income gap and encourage consumption and investment. The tax rate was slashed to 5 percent on Aug. 15, 2007.     The income tax cut was a must as it would help alleviate the erosion on personal income by high prices, especially given the cut in the deposit rate, Li Yang, head of the Finance Research Institute under the Chinese Academy of Social Sciences.     The tax cut, together with lower borrowing costs, would boost domestic demand, an increasingly more important driver of economy in the global credit crisis, Zuo Xiaolei, China Galaxy Securities chief economist, said.     GLOBAL COORDINATED RESPONSE     The move was also a timely response to the rate cuts by other major central banks and part of a coordinated effort to stem the global crisis, Tang said.     Six other major central banks, including the U.S. Federal Reserve, slashed interest rates on the same day to cope with the current financial crisis.     The U.S. Federal Reserve lowered its target for the federal funds rate by 0.5 percentage points to 1.5 percent. The Bank of England cut its rate by half a point to 4.5 percent and the European Central Bank cut by the same margin to 3.75 percent.     Central banks of Canada, Sweden and Switzerland took similar actions. The Bank of Japan said it strongly supported these policy actions.     Australia's central bank on Tuesday slashed the interest rate by 1 percentage point, the largest cut since 1992.

BEIJING, July 25 (Xinhua) -- The Olympic Media Village opened on Friday for 21,600 domestic and foreign registered reporters, amid some foreign media's concerns about free reporting in China.     Friday's People's Daily, the mouthpiece of China's ruling party, ran a commentary appealing to administrations and common people to "befriend the media."     "To serve the media is to serve the Olympic Games," the article said. "To befriend the media is to befriend the audience."     About 30,000 reporters are expected to cover the Games, the most in Olympic history, which means the number in the audience could be the highest ever too.     "It is through the media that the audience across the world are learning about the Olympics, China and Beijing," the newspaper said. Volunteers provide service for reporters at an entrance to the media village for the Beijing 2008 Olympic Games in Beijing, July 25, 2008. The media center opens on Friday to journalists from all around the world.The Beijing Organizing Committee of the 29th Olympic Games (BOCOG) and Chinese government obviously have a full understanding of the role media will play in the coming grand sport event.     In early this month, Chinese Vice President Xi Jinping included well serving the media in the top eight tasks of the last-minute preparation for the Games.     "We should provide a good service to the media according to the promises we made, international practice and Chinese laws. Through rich Olympic news, we are to share the joy of the Games with people worldwide," he said in the speech to officials 30 days before the start of the Games.     Beijing has opened three media centers, the Main Press Center (MPC), the International Broadcast Center (IBC) and the Beijing International Media Center (BIMC). The former, on the Beijing National Olympic Green Convention Center, covers 150,000 square meters, the largest in Olympic history. The latter, to receive about 5,000 non-registered reporters, is of 60,000 square meters. A reporter checks in at the media village for the Beijing 2008 Olympic Games in Beijing, July 25, 2008. The media center opens on Friday to journalists from all around the world. In the first 12 days since their opening, 23 press conferences have been held at the MPC and BIMC.     At the BIMC website, phone numbers of ministries in China's central government are publicized. At the center, printed manuals about covering news outside Beijing are offered with contacts of local governments and major enterprises.     About 150,000 guides about China and the Games written in 19 languages have been handed out. And the BIMC staff have received and processed more than 200 requests for interviews, half from foreign media.     Although worries about free news reporting are lingering, covering news in China has undergone notable changes.     A regulation on reporting activities in China by foreign media during the Games and the preparatory period has, since January last year, lifted several rules over foreign reporters. They no longer need approval from the local government's foreign affairs department but only agreement from the people or organizations to be interviewed. Reporters walk to their rooms at the media village for the Beijing 2008 Olympic Games in Beijing, July 25, 2008. The media center opens on Friday to journalists from all around the world.Local authorities are urged to cooperate with media even when the interview involves sensitive topics such as environmental protection, AIDS and housing displacement.     They are also cooperating in response to media requests such as to give live report from the Tian'anmen square, China's political symbol, to import satellite news operations, to hire helicopters for shooting and set up cameras in some popular tourists sites.     "We could regard the Olympics as a chance to push the country to open to global media," said Ren Zhanjiang, dean of the Department of Journalism and Communication, China Youth University for Political Sciences.     Some changes will continue after the Games. In April last year, the Chinese government issued a regulation asking administrations to publicize information that the public should learn about. The law on emergency responses, adopted in August 2007, cancelled an item in its draft that banned media from reporting emergencies without permission from the authority.Reporters from all around the world check in at the reception of the media village for the Beijing 2008 Olympic Games in Beijing, July 25, 2008. The media center opens on Friday to journalists from all around the world.It was implemented when the devastating May 12 earthquake jolted southwest China. The first news about the earthquake came minutes after tremors were felt while the death toll, which used to be a taboo in disaster news reporting, was announced and updated daily until now. A day later foreign correspondents were reporting news on the earthquake ruins, and continued to do so.     The country faced criticism for not allowing any foreign media to enter Tibet immediately after the Lhasa violence on March 14, although reporters already there were allowed to continue to report until their permits ran out. Chinese news stories were publicized straight after the incident happened in the Tibetan city, including TV footage about violent attacks on the street. This surprised Chinese audiences who have become used to a diet of positive news.     As the International Olympic Committee said in its report when choosing Beijing to host the 2008 Olympic Games, the Games would leave a unique legacy to China and to sport. There are reasons to believe that part of the legacy will be a country opening wider to the world.

BEIJING, Aug. 15 (Xinhua) -- China's securities supervisor said on Friday that the heavy slump on the country's equities market was caused by a combination of factors, both domestic and foreign.     These included a need for internal correction, increasing uncertainties on the global markets and frequent natural disasters, China Securities Regulatory Commission (CSRC) spokesman said at a press conference.     The unsound mechanism and structure of the country's equities market worsened the situation and widened the range of the correction, he said.     The benchmark Shanghai Composite Index edged up 0.56 percent to 2,450.61 points on Friday, closing out the week slightly higher after five days of losses. The key index has tumbled nearly 60 percent from its peak in October.     However, the trend of a steady and healthy performance would remain unchanged, he said, as the country's economy maintained steady and fast growth.     CSRC would study the emerging problems, promote the improvement of basic systems and optimize the structure of fund raising, he said.     CSRC would also adjust new share supply in line with market demand, enhancing the market mechanism in regulation.     The commission has slowed new share issues this year in an effort to brake the steep index declines as any mention of new share offering would cause a sharp plunge in the index.     From January to July, CSRC only approved the new offering (at least 100 million shares) of four companies, which raised a combined 64.32 billion yuan (9.38 billion U.S. dollars). Both the frequency and amount decreased, by 64 percent and 49 percent respectively, compared with the same 2007 period.     The commission would join with the State-owned Assets Supervision and Administration Commission to set up a real-time monitoring system to supervise transfer of the state-owned shares.

来源：资阳报