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BEIJING, June 14 (Xinhua) -- The China Ping An Insurance (Group), which had plans to buy a 22 billion yuan (3.2 billion U.S. dollars) stake in Shenzhen Development Bank (SDB), said Sunday that there are no changes in buying into the bank for the moment. There are no changes in the bank, and the stake purchase aims to improve Ping An's financial service and asset structure, said Zhang Zixin, general manager of the China's second largest insurer via a telephone news conference. Ping An and SDB will operate with their own plans. The management team of the bank will not change right now, according to the Frank Newman, president of SDB, and Richard Jackson, president of the Ping An Bank Co., Ltd. The company said last Friday it would buy 520 million shares from the U.S.-based TPG's Asian arm Newbridge Capital for 11.45 billion yuan by the end of 2010. Newbridge Capital is currently the top shareholder in Shenzhen Development Bank. The Ping An would acquire no more than a 30 percent stake in Shenzhen Development Bank after the two deals, and become the top shareholder instead. The Ping An Group, together with Ping An Life Insurance, currently holds a 4.68 percent stake in Shenzhen Development Bank.
HEFEI, April 21 (Xinhua) -- Chinese Vice Premier Hui Liangyu Tuesday urged efforts to fight pine wood nematode disease, which has caused severe damage to pine forests in several provinces. Strong measures and more funds must be used to curb the spread of the disease, Hui said. The disease, also known as pine wood cancer, can quickly kill huge numbers of trees. In China, the disease was first detected in1982 in eastern Jiangsu Province. According to a conference in Huangshan City in eastern Anhui Province held by the State Forestry Administration, the disease has spread to 14 provincial regions, killed more than 5 million mu(333,333 hectare) of pine forests and caused huge losses. Attendees at the conference agreed measures must be taken to stop the spread of the deadly disease by 2010 and reduce the area of affected forests 60 percent by 2030.
BEIJING, April 23 (Xinhua) -- Chinese Premier Wen Jiabao, an avid reader, encouraged citizens to read more and be studious and selective in their reading on World Reading Day, which fell on Thursday. Wen made the remarks when visiting a branch of the Commercial Press and the National Library in Beijing Thursday. Books are the crystallization of human wisdom and reading is important in promoting an individual's accomplishments and state of mind, improving citizens' quality and strength, and shaping a country's future, he said when visiting the National Library. Chinese Premier Wen Jiabao (2nd R) views a treasure collected by the National Library in Beijing, capital of China, April 23, 2009. Premier Wen visited the National Library and the Commercial Press on April 23, the World Book and Copyright DayThere's no hope for individuals and the nation if citizens do not read, he said. When talking to the young people in the library, Wen said people should find time to read. An individual could at least spare half an hour reading about three to four pages, and hence reading more than one hundred pages in a month and several books in a year, he said. He said the promotion of reading was significant amid an unprecedented global financial crisis. Overcoming this crisis requires not only material power, but also spiritual power. He said fundamentally, it needs people, the power of knowledge and scientific and technological revolution to conquer this financial crisis. Chinese Premier Wen Jiabao (2nd R Front) shakes hands with a staff member of the Commercial Press in Beijing, capital of China, April 23, 2009. Premier Wen visited the National Library and the Commercial Press on April 23, the World Book and Copyright Day. Reading warm people's hearts and boost their confidence, he said. He also advised readers to be selective, choosing books from insightful writers and those that were well-written, as well as those that had stood the test of time. Books can not change the world, but people change the world by changing themselves through reading, he said. He said he would love to see every passenger holding a book on hand when riding subways. "I always believe that knowledge gives people not only strength, but also security and happiness," he said. When visiting a branch store of the Commercial Press, Wen spoke highly of the role of publication. Without the publishing sector, culture cannot be inherited, scientific exploration would be halted and the historical records would not exist, he said. He also urged efforts to publish more classical works. A good book requires the writers to have rich experience, insightful minds and noble languages, and editors with strong sense of social responsibility and a working style of preciseness, he said. When talking to the English editors of the press, he said the Chinese publishers should not only take the role of promoting the construction of Chinese civilization, but also help spread the world's civilizations. Wen is fond of reading and has often quoted Chinese poets and proverbs during press conferences. Chinese Premier Wen Jiabao (C Front) views a treasure collected by the National Library in Beijing, capital of China, April 23, 2009. Premier Wen visited the National Library and the Commercial Press on April 23, the World Book and Copyright Day
BEIJING, June 16 (Xinhua) -- China would like to join with Myanmar to promote comprehensive, stable and lasting relations, Vice President Xi Jinping said Tuesday. During talks with Myanmar State Peace and Development Council Vice-Chairman Maung Aye, Xi said China valued good-neighborly relations with Myanmar. He said Myanmar was among the first group of countries that forged diplomatic ties with the People's Republic of China, and Sino-Myanmar relations had maintained good momentum. Chinese Vice-President Xi Jinping (L) holds a welcome ceremony in honor of Maung Aye (R), vice-chairman of the Myanmar State Peace and Development Council (SPDC), at the Great Hall of the People in Beijing, capital of China, June 16, 2009. Xi also said the two countries should implement on-going projects to boost their economies amid the global downturn. He stressed that the Five Principles of Peaceful Coexistence were the cornerstone of China's diplomacy, and as a good neighbor, China hoped Myanmar would overcome difficulties to achieve stability and prosperity. Maung Aye expressed gratitude for China's long-term assistance. He particularly mentioned that China sent medical teams after Myanmar was hit by a cyclone last year. He reaffirmed Myanmar would support China's stance on the Taiwan and Tibet issues. Chinese Premier Wen Jiabao met with Maung Aye earlier Tuesday. Hailing the 60-year diplomatic relationship, Wen said the two nations enjoyed traditional friendship and broad common interests. Maung Aye said his government valued the relationship with China. Maung Aye came to China on an official visit scheduled for June15 to 20 at Xi's invitation.