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BEIJING, Feb. 9 (Xinhua) -- China has introduced new stimulus policies to boost the development of the software and integrated circuit (IC) industries.Software firms will continue to enjoy preferential value-added tax policies, according to a circular posted on the central government's website, www.gov.cn on Wednesday. The circular was dated Jan. 28.The new policies also granted tax cuts to manufacturers of integrated circuit. Enterprises of IC products whose product line is less than 0.8 micron (including 0.8 micron) wide will be exempted from corporate income taxes on the first and the second year after reaching profitability, according to the statement.Taxes will also be halved for such companies from the third to fifth year after reaching profitability.Makers of IC products that have a product line that is less than 0.25 micron wide or have invested more than 8 billion yuan (1.21 billion U.S. dollars) in production will pay reduced income taxes.For companies that have operated for more than 15 years, corporate income taxes will be exempted from the first year to the fifth after reaching profitability.Between the sixth and the tenth year, the firms will pay half of the taxes, the statement said.The government also encouraged consolidation in the software and IC industries and will provide financial support to technological research and development.

BEIJING, Jan. 26 (Xinhua) -- There is some part of China that could use additional water -- the drought-hit north, even while the central government is grappling to soak up excess liquidity to contain price hikes.The dry spell has continued for months in the grain production regions in northern China, setting off concerns that it might threaten China's grain output and thus cause food price hikes, a major contributor of the country's inflation in recent months.The bad weather came and may aggravate China's battle on price hikes, including higher interest rates and reserve ratios. The government also introduced price caps and promised increases in supplies to stabilize prices.Meteorological and agricultural experts said it is still too soon to predict a decline in grain output. However, they worried that if the drought continues into the spring, grain output will fall and push up food prices.DRY SPELLWater shortages have been gripping nine provinces since October last year, including the six major wheat producing regions in China -- Shanxi, Shandong, Hebei, Henan, Anhui and Jiangsu -- which contribute more than 80 percent of the country's total wheat output.Further, rainfall in the six provinces averaged only 40.2 millimeters since October last year, down 53 percent compared with previous years, according to the National Climate Center.As of Monday, 60.39 million mu (4.02 million hectares) of crops throughout the nation were plagued by drought, according to the latest statistics from the Office of State Flood Control and Drought Relief Headquarters."There have been no rains for four months. It has been too long," said Song Qingguo, a farmer at the Xitiegang village of Qixian County in Henan, where winter wheat output accounts for almost one-fourth of the country's total."Wheat output will probably drop if such a situation continues," he worried.At present, some 15.86 million mu of wheat is exposed to drought, according to Yang Biantong, an official with Henan's water authorities.Another key wheat growing province of Shandong is facing its worst drought in 60 years, local authorities said. About 2 million hectares of land used for growing wheat, or 56 percent of the wheat-planting areas in the province, have been hit by drought, and the area is expanding, the Shandong provincial flood control and drought relief headquarters said.H Scientists say it is a result of the La Nina effect that is also responsible for the harsh winter gripping large parts of China's south, which also affected production and transportation of vegetables and other food.The Ministry of Commerce said Tuesday that Chinese farm produce prices rose for a fourth consecutive week, through Jan. 23, with the wholesale prices of 18 staple vegetables growing 12.6 percent week on week. One reason for the price hike was the freezing weather in the south, it said."The current drought in China is the second worst during the same period of time since 1961 because of the adverse weather", said Zhang Peiqun, director with the weather forecast department of the National Climate Center.The bad weather will persist in the following period of time, which means the drought in the north and the cold snap in the south will continue, Zhang said.The China Meteorological Administration forecast on Wednesday that parts of Hubei, Hunan, Anhui and Zhejiang provinces will have heavy snow or snowstorms in the coming three days. Also, icy rain will slash parts of Guizhou and Yunnan provinces.

BEIJING, Jan. 21 (Xinhua) -- Chinese Vice Premier Hui Liangyu on Friday urged local governments to step up efforts in protecting agricultural production as winter wheat growing regions in the north of the country have been suffering due to the prolonged drought.Hui warned that the drought could cause great harm to agricultural production.Rainfall in north China, including provinces of Shanxi, Hebei and Shandong, has decreased 20 to 90 percent from the average rain in the same period since October last year.Chinese Vice Premier Hui Liangyu (C) speaks at a meeting on anti-drought and disaster reduction, in Beijing, capital of China, Jan. 21, 2011. Hui Liangyu on Friday urged local governments to step up efforts in protecting agricultural production as winter wheat growing regions in the north of the country have been suffering due to the prolonged drought.Hui urged local departments to improve meteorological monitoring and analysis of the drought, and provide training and services to farmers in order to reduce losses brought about by scarce rain.He also called on local governments to step up construction of more water conservancy projects to better cope with dry weather.Meanwhile, the drought in the north is compared with the intensive icy rain and snow in south and southwest China. A lingering cold spell has been wrecking havoc in these regions, disrupting vegetable production, transportation, and supplies of daily necessities.Hui said the central government would also beef up support in helping these affected regions resume agricultural production as soon as possible.

QINGDAO, Jan. 23 (Xinhua) -- Haier Group, one of the world's leading white goods and household appliance manufacturers, announced Sunday that its profit jumped 78 percent year on year in 2010.The profit hit 6.2 billion yuan (941.8 million U.S. dollars) in 2010, said Du Fangyuan, a press office coordinator of the company.Haier's sales revenue reached 135 billion yuan in 2010, up nine percent from a year earlier, Du said.The growth can be attributed to the group's successful transition of business model and product innovations, Du said.Haier Group, which is headquartered in east China's Qingdao city and has 60,000 global employees, sells its products in over 100 countries and regions around the world.

BEIJING, Jan. 25 (Xinhua) -- A senior Chinese official has encouraged the country's young jurists to more actively participate in the country's legislative process and better serve the practice of law enforcement.Zhou Yongkang, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks in meeting with outstanding youth law science experts on Tuesday in Beijing.Zhou said young experts on law science should pay more attention to practical problems in China's legal construction and propose more insights, advice and suggestions.Young experts should study more problems encountered by common people and better serve the people with their knowledge, Zhou said.Ten experts on law science from the Renmin University of China, China University of Political Science and Law and other universities and Chinese Academy of Social Sciences were awarded the honor of national outstanding young jurists by the China Law Society.