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NEW YORK, April 26 (Xinhua) -- Jean-Claude Trichet, the president of the European Central Bank, called in New York on Monday for strengthening global governance amid the economic recovery process.The crisis showed that gaps in the system of global governance, in terms of both efficiency and legitimacy, have to be filled, Trichet said in a keynote speech at the Council on Foreign Relations in New York.Global governance in the financial sphere has fared during the crisis, he pointed out. "One dimension of international cooperation that I consider to have worked particularly well during the financial crisis has been that among central banks, both bilaterally and channeled through the various Basel-based committees.""But as much as some aspects of global governance appear to have passed the severe test of the global crisis, we should remember the significant shortcomings that may have contributed to creating the conditions for the crisis to happen in the first place," he added."One is the lack of coordination in financial regulation that was pervasive before the crisis and which encouraged financial institutions to engage in a large degree of regulatory arbitrage. This was the unavoidable result of the fact that while financial players were becoming increasingly global, and despite the remarkable efforts of the Basel Committee in respect of the banking sector, financial regulation remained largely national, with only relatively weak coordination at the international level, " said the president.
STOCKHOLM, April 30 (Xinhua) -- Sustainability expert, Professor Mohan Munasinghe who is also director general of Sustainable Consumption Institute at University of Manchester said China's development is more sustainable than the U.S. and Europe when they were in the similar development stage.In a recent interview with Xinhua in the Swedish capital city Stockholm, Munasinghe who was also Co-winner of the 2007 Nobel Prize for Peace as Vice Chairman of IPCC (Intergovernmental Panel on Climate Change) said sustainable development meant to balance the economic and social development with the damage of environment."What China proposes to develop harmonious society and especially to harmonize economic and social development and the environment is a way towards sustainable development," Munasinge said."China is more hopeful because stainability index shows that China's development is much more sustainable than the U.S. and Europe when they had similar development stage when per capita income was around 3,000 U.S. dollars he said."The second reason is that the discipline in eastern culture especially in China and Japan, you have a discipline to mix the social changes with economic development, you need a lot of discipline to bring about these changes," he said, adding that China's way of experiment in changes is very good."China often implements a pilot program and if it is good, it then promotes it in other areas and finally in the whole country and if you fail, then forget it and try new ways, this way you make the changes more beneficial than make it a total failure," commended Munasinge."China has the social capital that you make your society a consensus building society, this is Chinese social capital. Modernization sometimes is destroying very useful value systems, the value systems that survived from the ancient times are the sustainable values systems, for example, how to use less land and less water to farm and so on," he said.Munasinghe believes that due to Chinese culture and due to its development stage, China will be quicker to step into sustainable development track than that in developed countries because it is difficult to change their mindset and behavior.

UNITED NATIONS, May 4 (Xinhua) -- China on Tuesday spoke highly of the Nuclear Non-Proliferation Treaty (NPT) in promoting non- proliferation, disarmament and peaceful use of nuclear energy.Li Baodong, the head of the Chinese to the 2010 NPT Review Conference, made the statement as he was speaking at the review conference, which entered its second day here Tuesday."Over the last four decades, as the cornerstone of the international non-proliferation regime, the Treaty on the Non- proliferation of Nuclear Weapons (NPT) has played a major and irreplaceable role in preventing nuclear proliferation, advancing nuclear disarmament and promoting peaceful uses of nuclear energy, " said, Li, who is also the Chinese permanent representative to the United Nations."Under new circumstances, to further enhance the universality, authority and effectiveness of the NPT is conducive to safeguarding and promoting international and regional peace and stability, which serves the common interests of all countries," he said."This Review Conference is held at an important historical moment," he said. "The goal of complete prohibition and thorough destruction of nuclear weapons for the establishment of a world free of nuclear weapons is getting widely recognized, and the consensus for non-proliferation is building up in the international community. A growing number of countries have chosen to use nuclear energy for the development of renewable and clean energy.""The success of the Review Conference bears greatly on the prospect of the international nuclear non-proliferation regime and the future of the international nuclear disarmament process," he sad. "It also bears on the sustainable development of nuclear energy and of the economy, and on international peace and security. It is the shared responsibility of all states parties and the international community to make this Conference a success. "The first decade of the 21st century has witnessed complex and profound changes in the international security situation, he said."The pursuit of peace, development and cooperation has become the strong mainstream of our times," he said. "At the same time, mankind is also facing new security challenges. Traditional and non-traditional security threats are intertwined, regional conflicts and hotspot issues keep emerging, and threats of terrorism and proliferation of weapons of mass destruction cannot be neglected.""New security situation requires a new security concept and a broader perspective," he said. "The security of all countries has never been as closely interconnected as it is today. Security is not a zero-sum game, and there is no isolated or absolute security."No country or group of countries can address all security issues on its own," he said. "And only when security for all is achieved can peace and security for individual countries be safeguarded."
YUSHU, Qinghai, April 24 (Xinhua) -- The death toll from a 7.1-magnitude earthquake in northwest China's Qinghai Province on April 14 has climbed to 2,192, the rescue headquarters said late Friday.As of 5 p.m. Friday, 78 people were still missing, the headquarters said.Qinghai has received more than 722 million yuan (105.7 million U.S. dollars) in donation as of Friday, according to the provincial department of civil affairs.This includes 328 million yuan in cash and 394 million yuan worth of supplies, the department said.It said 1,363 tonnes of food, 87,476 boxes of bottled water, 27,842 tents and 130,876 quilts have been delivered to the quake-hit Yushu Tibetan Autonomous Prefecture.A television charity show broadcast nationwide by China Central Television Tuesday evening alone raised 2.175 billion yuan (320 million U.S. dollars) to help quake victims of last week's earthquake.
GUANGZHOU, May 29 (Xinhua) -- Communist Party chief of south China's Guangdong Province Wang Yang on Saturday called for companies to improve management and care more for their employees after 13 workers of Shenzhen-based Foxconn attempted suicides this year, which resulted in 10 deaths.Wang Yang, secretary of the provincial committee of the Communist Party of China, told a conference in Shenzhen that the Party, government organizations and Foxconn must "work together and take effective measures to prevent similar tragedies from happening again.""Labor unions in private firms should be improved to facilitate better working conditions and more harmonious relations between workers and employers," Wang said.He also called on young employees to cherish their precious lives, as the suicidal employees were mostly born in the 1980s or 1990s, who had weak self-adjustment capability under emotional, living, or working pressures.More recreational and sports activities should be held among workers to enhance communications and more efforts should be made to help them ease work pressure, Wang said."Economic development should be people-oriented," he said.Foxconn is part of Taiwan's Hon Hai Precision Industry Co. and makes computers, game consoles and mobile phones for companies including Hewlett-Packard Co., Sony Corp. Nokia Corp, and Apple Inc.Of Foxconn's 800,000 employees in China's mainland, 430,000 are based in Shenzhen. They work shifts and live inside the massive factory complex.
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