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BEIJING, Dec. 1 (Xinhua) -- China's manufacturing sector continued to grow for the ninth straight month in November, according to a survey by the China Federation of Logistics and Purchasing (CFLP) on Tuesday.     The Purchasing Managers' Index (PMI) of China's manufacturing sector stood at 55.2 percent in November, unchanged from the previous month, the CFLP said.     It was the ninth straight month that the PMI reading stayed above 50.     A reading of above 50 suggests expansion, while one below 50 indicates contraction. The PMI includes a package of indices that measure economic performance.     Zhang Liqun, a researcher with the Development Research Center of the State Council, said the unchanged PMI index from the month before might suggest a stable recovery of China's economy.     He expected government investment would see gradual reduction, while investment from the private sector might increase. Exports would go up, but not in a drastic rise, he said.     In November, new order index and output index both held steady from figures in the previous month at 58.4 percent and 59.4 percent, respectively, according to the CFLP.     New export order index was 53.6 percent, down by 0.9 percentage points compared to November while purchasing price index rose by 6.5 percentage points to 63.4 percent.     Only three out of the 20 surveyed sectors reported a PMI index reading below 50, which were paper making and printing, oil processing, and beverages making.

BEIJING, Nov. 26 (Xinhua) -- China will never swerve from its carbon emission cut target despite all pressure and difficulties, said a senior official Thursday evening. Xie Zhenhua, vice minister in charge of the National Development and Reform Commission (NDRC), China's top economic planner, made the remarks at a press conference.     China's State Council, the Cabinet, announced Thursday that the country is going to reduce the intensity of carbon dioxide emissions per unit of GDP in 2020 by 40 to 45 percent compared with the level of 2005.     This is a "voluntary action" taken by the Chinese government "based on our own national conditions" and "is a major contribution to the global effort in tackling climate change," the State Council said.     Vice Foreign Minister He Yafei also attended the press conference. "China made the emission cut target without financial and technological support from developed countries. This is not only for the country's own sustainable development, but also for the benefit of all the mankind," said He.     However, China is still hoping developed countries would take actions as soon as possible, He said, adding that the Bali Road Map has set binding targets and actions on emission cut, investment and technology for developed countries.     China faces huge pressure and special difficulties in controlling greenhouse gas emission, as the country has a large population and relatively low economic development level and is at a critical period to accelerate industrialization and urbanization, Xie said.     "It demands great courage for the government to announce such a target," said Yu Jie, an official in charge of Climate Group's policy and research. The Climate Group is a British-based non-governmental environmental organization.     As a developing country, China still faces various problems in both economic and social development, and it is not easy to make such a commitment, Yu said.     The announcement of China's carbon emission target has broken one of the deadlocks challenging the upcoming Copenhagen summit, she said. It is also an answer to President Hu Jintao's promise at the September United Nations climate summit in New York that China would cut emission intensity by "a notable margin" by 2020 from the 2005 level.     China's target is made after scientific research and calculations, combining the efforts to both tackle climate change and promote social and economic development, said Yao Yufang, professor at the Institute of Quantitative and Technical Economics under the Chinese Academy of Social Sciences (CASS). "Any party that asks China for higher cut is acting unreasonably."     China can and will achieve the target if the country endeavors to improve energy efficiency, promote the development of renewable energy and optimize industrial structure, Yao said.     "The country has set a specific quantitative target far beyond the Bali Road Map demands for developing countries, which reflects China's sincerity to make the Copenhagen summit successful and its commitment to tackle the climate change," said Pan Jiahua, director of the CASS Research Center for Urban Development and Environment.     Li Gao, an NDRC official and a key climate change negotiator representing the Chinese government, said Tuesday: "We will try to make the summit successful and we will not accept that it ends with an empty and so-called political declaration."

BEIJING, Nov. 6 (Xinhua) -- Chinese President Hu Jintao's upcoming state visits to Malaysia and Singapore would comprehensively push forward China's ties with the two nations and the Association of Southeast Asian Nations (ASEAN), said an official with the Foreign Ministry here Friday.     Hu will pay state visits to Malaysia and Singapore from Nov. 10to 13, at the invitations of Malaysian Supreme Head of State Mizan Zainal Abidin and Singaporean President S. R. Nathan.     It is the first time for President Hu Jintao to pay state visits to Malaysia and Singapore as president of China, and it is also the first time in 15 years for a Chinese President to visit the two countries, said Assistant Foreign Minister Hu Zhengyue at a news briefing.     During his stay in Malaysia, Hu will hold talks with Supreme Head of State Mizan and meet with Prime Minister Najib Tun Razak.     "President Hu's visit to Malaysia will surely further deepen strategic cooperation between the two nations and advance bilateral ties," said the assistant foreign minister.     While in Singapore, he will hold talks with President Nathan and meet with Prime Minister Lee Hsien Loong, Minister Mentor Lee Kuan Yew and Senior Minister Goh Chok Tong.     President Hu will exchange views with Singaporean leaders on deepening mutually beneficial and cooperative ties, and discuss international and regional issues of common concern," said the assistant foreign minister.     Vice Minister of the Ministry of Commerce Yi Xiaozhun said China and the two countries had good economic and trade relations and were each other's important trade partners.     In Malaysia, the two sides will sign economic and trade cooperative documents to push forward joint projects in the infrastructure area.     While in Singapore, leaders of both nations will discuss on how to promote bilateral trade and investment, advance major cooperative projects and enhance cooperation within the framework of regional and international trade.     "We believe that President Hu's visit will surely expand the scale of economic and trade cooperation between China and the two countries, and promote the sustained and stable development of bilateral relations, " Yi said.

BEIJING, Nov. 9 (Xinhua) -- China Merchants Securities, a leading domestic brokerage firm, announced Monday that it has set its A-share initial public offering (IPO) price range between 26 yuan (3.8 U.S. dollars) and 31 yuan.     The Guangdong-based brokerage is scheduled to issue no more than 358.5 million shares, it said in a statement to the Shanghai Stock Exchange Monday.     The IPO price translates into a price to earnings (P/E) ratio between 47.18 and 56.26 times. The subscription of the company starts on Tuesday, said the company.

BEIJING, Nov. 27 (Xinhua) -- Xu Caihou, vice chairman of China's Central Military Commission, met here Friday with the People's Army Concerto Company of the Democratic People's Republic of Korea (DPRK).     The concerto company is here on a nearly-two-week visit, and is scheduled to stage six performances in China. Xu Caihou (R), vice chairman of China's Central Military Commission, shakes hands with Om Hajin, head of the People's Army Concerto Company of the Democratic People's Republic of Korea (DPRK), in Beijing, China, Nov. 27, 2009Xu, who met last week in Beijing with Kim Jong Gak, member of the DPRK National Defense Commission, said the ensemble's visit marked an "important" event for the two sides' military contacts this year.     As the two countries celebrated a Friendship Year this year, and saw the 60th anniversary of the establishment of diplomatic ties, Xu said the visit added an emphasis to the whole celebrations for the year. The People's Army Concerto Company of the Democratic People's Republic of Korea (DPRK), performs in Beijing, China, Nov. 27, 2009. The concerto company is here on a nearly-two-week visit, and is scheduled to stage six performances in China. Among the celebrations, a DPRK's student art troupe visited China in July at the invitation of the Chinese People's Association For Friendship with Foreign Countries Cultural exchanges greatly contributed to the in-depth development of bilateral relations, Xu said.     Om Hajin, head of the concerto company, said the DPRK hoped this visit could be conducive to advancing the relationship between the two militaries and countries. Xu Caihou (middle row C), vice chairman of China's Central Military Commission, and members of the People's Army Concerto Company of the Democratic People's Republic of Korea (DPRK), pose for a group photo, after the performance given by the concerto company, in Beijing, China, Nov. 27, 2009The traditional bilateral friendship, initiated by the older generation of leaders, was the two peoples' common wealth, Om said.     The last visit to China paid by the ensemble was in 1991. Recalling that visit, Om told Xinhua they were excited to be on the once-familiar stage in China.     The DPRK people paid great attention to the visit, said Om, adding DPRK attached great importance to developing cultural cooperation with China. The People's Army Concerto Company of the Democratic People's Republic of Korea (DPRK), performs in Beijing, China, Nov. 27, 2009. The concerto company is here on a nearly-two-week visit, and is scheduled to stage six performances in China.Together with over 1,000 Chinese officers and soldiers, Xu watched the performance given by the concerto company Friday evening at the China Grand Theater.     The nearly-two-hour show consisted of various forms of performances, such as chorus, solo and tap dancing.     The anthem of the Chinese People's Liberation Army and renowned Chinese military songs, particularly prepared by the ensemble, were received by warm applause of the audience. The People's Army Concerto Company of the Democratic People's Republic of Korea (DPRK), performs in Beijing, China, Nov. 27, 2009. The concerto company is here on a nearly-two-week visit, and is scheduled to stage six performances in China. Apart from Beijing, the concerto company will also visit Shenyang Military Area Command in northeastern China, and it is due to wrap up the visit on Dec. 5.     DPRK's top leader Kim Jong Il met with Chinese Defense Minister Liang Guanglie in Pyongyang on Wednesday, while Liang said the Chinese government was unshakable in its commitment to consolidate and develop the cooperative relations of the two countries.     Chinese Premier Wen Jiabao paid an official goodwill visit to the DPRK from Oct. 4 to Oct. 6.