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BEIJING, Jan. 8 (Xinhua) -- The Chinese laid-off cleaner never dreamed of being visited by President Hu Jintao, nor did she think the visit would be followed by a public humiliation of her. "Now half the population of China think of me as a liar," complained 47-year-old Guo Chunping, with tears in her eyes. Guo became famous overnight after President Hu visited her in her low-rent apartment on the Fifth East Ring Road in Beijing just before New Year. In footage aired by China Central Television (CCTV) on December 30, 2010, she was asked how much rent she paid. "Seventy-seven yuan (about 11.6 U.S. dollars)," she replied in front of the camera. Netizens soon posted 172 photos of a woman, appearing like Guo, posing with luggage at a long-distance bus station or sitting in a luxurious restaurant. Guo was described as a "civil servant" by Chaoyang District police, who was too rich to be qualified to have a low-rent house. Also, with China's skyrocketing house prices and with rent in Beijing generally above 1,000 yuan, paying 77 yuan in rent sounded unbelievable to many. To prove Guo right or to refute her, media workers flooded her 50-square-meter apartment. "The telephone rang endlessly, and some journalists even climbed onto the building opposite my apartment with cameras," Guo said. What troubled her most happened after a reporter asked her to pose with her unemployment certificate for a photo to prove her "innocence." The next day, the photo was everywhere online, with her detailed information. "I am not a murderer," she protested angrily, "why should I pose like that and let the entire of China know that I was laid off and divorced?" According to people close to her, Guo has become hysteric lately. Xinhua reporters had difficulty persuading her to meet with them, and she would only do so on the condition that the interview be conducted far away from her apartment. Liu Tao, vice director with the Housing Administration Bureau of the Chaoyang District, has done a calculation. The monthly rent of low-rent houses in the district was 33.6 yuan per square meter. The figure was multiplied by the size of her apartment to get the rent, 1,545 yuan. According to local policies, the government pays 95 percent of the rent. Therefore, Guo herself should turn in only 5 percent, 77 yuan in total. "In the Lijingyuan Community 487 low-income households signed leases for low-rent houses," Liu said. Despite the clarification of local officials and Guo herself, doubt still lingers. Sun Yingchun, a professor with the School of Foreign Studies of the Communication University of China, believed that people's doubt over Guo' s identity and truth of the news showed their lack of understanding to the low-rent house policy. "The TV report didn't make it clear to the people," he said.The report, without specifying calculation to the rent, just told audiences of the result, 77 yuan, which was too low to be true. Besides, Sun noted that the incident gave people an outlet to vent their anger about high housing prices. Despite a series of policies to cool down the housing market, the average price of housing sold by 30 major real estate companies in China stood at 10,286.42 yuan per square meter last year, up 23.98 percent year on year. Housing was just one of many problems concerning people's livelihood which Sun believed that "for a long time the government didn't address properly." As a result, "people would distrust what the mainstream media reported," he said. These reports, like the "77-yuan tenant" story, seemed to many as too rosy to be true, he added. However, Sun said the doubt showed democratic progress. "The voice of the netizens was not interfered with by the government, and people were free to find the truth by themselves," he said. The government also endeavored to improve people's livelihood. To make houses affordable for the people, about 3.7 million affordable houses were built nationwide in 2010 and 2011, and 10 million more apartments will be built for the low-income group this year. Beijing has now 240,000 households living in low-rent houses. The government has pledged to make low-income housing projects take up 60 percent of the housing supply in five year. Before moving to her apartment in Lijingyuan Community, Guo said she could only afford to rent houses from farmers of some six to eight square meters in size. "This is the only place I feel like I want to live," she said. "People are eager to have houses, but the government has to do its job step by step," Liu Tao said. "Helping the most impoverished is our priority." Enditem

BEIJING, Jan. 13 (Xinhua) -- The Chinese yuan strengthened to a record high against the U.S. dollar on Thursday to reach 6.5997 per dollar.The central parity rate of the Chinese currency, also known as the renminbi (RMB), was set 131 basis points lower than Wednesday's 6.6128, according to the China Foreign Exchange Trading System.China's central bank announced on June 2010 it would further reform the yuan exchange rate formation mechanism to improve its flexibility.On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each trading day.The central parity rate of the RMB against the U.S. dollar is based on a weighted average of enquired prices from all market makers before the opening of the market each business day.

BEIJING, Jan. 11 (Xinhua) -- A Chinese military official said Tuesday that China's military hardware development is not aimed at any other country.Guan Youfei, deputy director of Foreign Affairs Office of the Defense Ministry, made the remarks while responding to a question on the reported test flight of J-20 stealth fighter jet."The development of China's military hardware is not aimed at any other country or any specific target and the timing was a matter of routine working arrangements," said Guan.Weaponry was developed to safeguard China's national sovereignty, security and territorial integrity, and to adapt to the world's military changes, as well as the constant development of new weapons, he said.Guan denied the test flight was timed deliberately to coincide with U.S. Defense Secretary Robert Gates' China visit.China would always take the path of peaceful development, and adhere to the national defense policy, which was defensive in nature, he said.China would not seek hegemony, military expansion, an arms race, nor pose a threat to any country, Guan said.

ZHENGZHOU, Dec. 1 (Xinhua) -- A Chinese court Wednesday upheld the death sentences with two year reprieves given to two mine bosses found responsible for a gas explosion that killed 76 people at a central China coal mine last year.The sentences were the first time mine bosses in China held responsible for a fatal accident were given the death penalty.The provincial high court in Henan Province rejected the appeals of Li Xinjun, former head of the No. 4 coal mine in the Xinhua District of Pingdingshan City, and Han Erjun, former deputy head of the mine.The court also rejected appeals filed by three other managers of the mine who were sentenced to 13 years, 15 years and life imprisonment respectively.The Intermediate Court of Pingdingshan City sentenced the five mine bosses on November 16 for neglecting safety procedures and forcing miners to work underground despite knowing the mine lacked adequate safety measures.The blast ripped through the No. 4 mine in Pingdingshan City on September 8, 2009, as 93 miners worked underground, killing 76 and injuring 15 others.The mine was under technological renovation at the time of the blast and did not have a safe production license, the court has found.China's coal mines are notorious for deadly accidents. More than 2,600 miners were killed in mine accidents in China last year, a number significantly less than in previous years.

BEIJING, Dec. 22 (Xinhua) -- China unveiled a new asset-management company that aims to restructure and merge small, uncompetitive state-owned enterprises (SOEs) on Wednesday.The new firm, China Reform Holdings Corporation Ltd., will focus on "reorganizing small-sized SOEs which do not affect national security and are not crucial to the national economy," the State-owned Assets Supervision and Administration Commission (SASAC), the SOE watchdog, said in a statement.The first-phase registered capital of the new company, which is wholly owned by SASAC, is 4.5 billion yuan (681 million U.S. dollars). SASAC has not yet revealed which companies will be involved in the reshuffling.Xie Qihua, former chairman of the Baosteel Group Corporation, China's largest steel maker, has been appointed board chairman of the new company.Liu Dongsheng, an SASAC official, will act as general manager, it said."The launch of the new company marks an important move to optimize the relocation of state economic resources and to give state capital more vitality, control and impact on key sectors," Wang Yong, deputy director of SASAC, said at the launching ceremony.He noted because the assets of the reshuffled companies took up a considerable amount of the entire state assets, the restructuring plays an active role in improving asset quality.According to SASAC' s plan, the company will participate in the share-holding reform of the reshuffled enterprises, and will also invest in emerging industries with strategic importance.Also at the launching ceremony, Wang stressed that the company is an asset management company rather than an investment group, ending rumors that it will become China's second sovereign fund after the China Investment Corporation (CIC).He noted the new company's mission is explorative and challenging, which needs to deal with it in a proactive and cautious way.In order to enhance the state company's efficiency and competitiveness, SASAC cut the number of SOEs under its direct control from 196 to 122 over the last seven years. They are expected to be further consolidated into around 100 by the end of 2010, according to SASAC plans.However, SASAC officials said it remains difficult to meet the target in time."It takes time to meet the goal," said Shao Ning, deputy director of SASAC. He added that the restructuring should take place when the time is right, and should give priority to "quality" and "good results" to ensure stability of the enterprises.In order to help the uncompetitive companies withdraw from the market in a stable manner, SASAC promised to offer support for the employers in those companies.Zhou Fangsheng, an expert on SOE issues, said it is good news for the uncompetitive SOEs to be merged into the new company with their debt relieved.But it is still quite explorative, he added.The new company is the third oversight asset management company by SASAC, besides the China Chengtong Group and the State Development & Investment Corp.Shao Ning told Xinhua that the previous two companies have their own business scope, besides dealing with non-performing assets. But the new company will only focus on asset management.Profits of China' s SOEs rose by 43 percent year on year to hit 1.81 trillion yuan (271.92 billion U.S. dollars) in the first 11 months, according to the figures released by the Ministry of Finance on Dec. 17.However, profits were concentrated in a small number of companies, such as oil producers and refiners, telecom operators and power companies which enjoy monopolies and easy bank loans.Companies in the traditional sectors, such as textiles and light industries, reported meager profits.A stronger presence of the monopolistic SOEs aroused complaints by the nation's private businesses, which had no easy access to bank credit but provided more than 80 percent of the job opportunities in the nation.China's SOEs include SOEs directly controlled by the central government and SOEs supervised by local governments, but excludes state-owned financial enterprises.