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BEIJING, May 17 (Xinhua) -- The Chinese government is pushing for the restructuring of major state-run news portals - including cctv.com and xinhuanet.com - to allow them to "establish a modern enterprise system," launch initial public offerings (IPO) and abandon the "iron rice bowl" concept.Ten major news portals are involved in a pilot restructuring project: the websites of state broadcasters China Central Television, Xinhua News Agency, People's Daily, Beijing's qianlong.com, Tianjin's enorth.com.cn, Shandong's dzwww.com, Shanghai's eastday.com and Zhejiang's zjol.com.cn among others.The websites are currently affiliated to news organizations run by central and local governments.According to a symposium on the restructuring work Monday in Changsha, capital of central China's Hunan Province, the restructuring plans for people.com.cn and xinhuanet.com have been approved.The pilot project, initiated last October, covers shareholding reform, establishment of a modern enterprise system and IPOs to "strengthen the competitiveness" of the news portals.According to the symposium, the website operators have actively engaged in the development of search engines, cell phone news services, cell phone TV services, Internet TV, e-commerce, online cartoon games and other new media areas, which have strengthened their capacities.The operating income of people.com.cn and xinhuanet.com have witnessed "big growth," the symposium said.Domestic commercial news portals like sina.com.cn and sohu.com are listed overseas.The step is part of Chinese government's efforts to reform China's cultural industry in a bid to promote Chinese media and cultural enterprises' global influence and boost the nation's soft power.

BEIJING, June 4 (Xinhua) -- China's National Development and Reform Commission (NDRC), the top economic planner, refuted a report on Friday claiming China is facing stagflation risks, arguing the national economic growth might slow slightly but stagflation is not going to occur.The NDRC response followed the release of a domestic report that claimed rising inflation and slowing economic growth would lead to stagflation in China.The NDRC added that the report was inaccurate and likely to cause misunderstandings and confusion, according to a statement released on its website.The statement went on to say growth in China's gross domestic product (GDP) was likely to slow down this year because of a higher comparison base used in the second half of last year, but it would still be one of the world's strongest growth rates and should not be labeled as "stagflation".Further, the NDRC noted that the consumer price index (CPI), a major gauge of China's inflation, was likely to exceed the government's 3-percent growth target in several months, but "there is a foundation to achieve the full-year CPI target of 3 percent" as long as China continued improving macro-regulations, it said.The NDRC statement noted that China would see "stable and comparatively fast economic growth" and "a moderate consumer price increase" this year.China's GDP rose 11.9 percent from a year earlier during the first quarter of this year. The CPI increased 2.4 percent year on year in March while the growth for April accelerated to 2.8 percent, according to the National Bureau of Statistics (NBS).The NBS is scheduled to release May economic data, including the CPI, fixed asset investment and retail sales, on June 11.

BEIJING, March 30 (Xinhua) -- Chinese Vice Premier Li Keqiang Tuesday pledged to enhance cooperation with Finland and promote traditional friendly ties as the two countries celebrates the 60th anniversary of diplomatic relations.Meeting with Finnish parliament Speaker Sauli Niinisto, Li hailed the political, economic and cultural exchanges and cooperation, and the sound coordination on regional and international issues between the two countries.Li said the world economy had seen through its toughest period and witnessed some signs of recovery."However, a lot of uncertainties still remain and all countries should cope with them together," he said. Chinese Vice Premier Li Keqiang (R) meets with Sauli Niinisto, Speaker of the Parliament of Finland, in Beijing, capital of China, on March 30, 2010China's development would benefit its people and contribute much to the world economy, Li said. China would expand cooperation with Finland in coping with global challenges and the restructuring of the world economy."In doing so we can realize mutual benefits and fuel the sound recovery and sustainable development of the world economy," he said.Niinisto said China's development was an opportunity for his country and the two sides shared cooperation potential in clean energy and the low-carbon economy.Niinisto is in China for a four-day visit.

BEIJING, April 27 (Xinhua) -- China's Ministry of Commerce Tuesday made a cautious prediction for the outlook of the nation's foreign trade for the rest of the year amid the fragile global economic recovery.The rebound of China's overseas shipments in the first quarter can largely be attributed to the low comparison base of the same period last year, the commerce ministry report said.Moreover, uncertainty in the global market remains as high unemployment in European Union nations and low capacity-utilization in the United States may dampen consumption and investment, the report said.China is facing deteriorating trade conditions as trade protectionism is on the rise, the report added.China suffered 19 trade-remedy investigations in the first quarter, up 93.5 percent over the same time last year. The investigations, targeting Chinese products, involved trade worth 1.19 billion U.S. dollars, the report said.The report also said higher costs may squeeze domestic enterprises' profits as a result of raw material price hikes and rising labor costs.China's exports increased 28.7 percent year on year in the first quarter of 2010 after dipping 16 percent last year amid the global economic downturn, customs data showed.

GOTHENBURG, March 27 (Xinhua) -- Chinese Vice President Xi Jinping arrived in Gothenburg, the second largest city of Sweden, kicking off his four-day official visit to this Nordic country on Saturday.In a written speech delivered at the airport upon arrival, Xi said that there is a long history of friendly exchange between the peoples of China and Sweden although the two countries are geographically distant from each other.Since the two countries established diplomatic relations 60 years ago, the bilateral relationship has always been moving forward in spite of the tremendous changes in international situation, the Chinese vice president said. Chinese Vice President Xi Jinping is welcomed by representatives from local Chinese community as he arrives at the airport in Gothenburg, Sweden, on March 27, 2010. Particularly in recent years, mutual trust between China and Sweden has been enhanced, economic and trade cooperation has been fruitful and exchanges in every field have been getting closer as each day goes, Xi said.The two countries have also engaged in close contact and coordination on international forum, he said.Xi said that he anticipates to exchange views with Swedish leaders on future development of Sino-Swedish relations and issues of common concern and to discuss with Swedish people from all walks of life on further strengthening the traditional ties between the two countries, promoting mutually beneficial cooperation and joining hands to meet global challenges.Sweden is the last leg of Xi's current four-nation tour, which has already taken him to Russia, Belarus and Finland

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