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ISLAMABAD, March 30 (Xinhua) -- A Chinese embassy official Tuesday called on an official of the Pakistan Red Crescent Society (PRCS) to donate 30,000 U.S. dollars on behalf of the China Red Cross Society (CRCS) to assist the residents affected by the landslide in northern Pakistan early this year.Muhammad Ilyas Khan, PRCS secretary general, asked Yao Jing, counselor of the Chinese embassy to Pakistan, to convey his appreciation to the CRCS for its generous donation to Hunza, Gilgit-Baltistan due to the landslide in January, 2010.He said that Chinese friends always extend assistance to Pakistan in difficult times and Pakistan is proud of its friendship with China.At present, the local government and PRCS are working hard to provide relief to the villages. The government is also trying to control the damage and tackle with the challenge caused by the lake in the area.On January 4, a serious landslide occurred in Gilgit-Baltistan and formed a huge barrier lake. The slide blocked over 20,000 local residents in Upper Hunza from outside. The Pakistani government is conducting the rescue and relief work . On January 19, at the request of the Pakistani government, the Chinese side made special arrangements to open the Kunjirap border and facilitate the purchase of relief goods from China and its clearance.The China Road and Bridge Corporation, which is conducting the project of upgradation of the Karakoram Highway, has also provided engineering consultations and equipment to help the Pakistani side to deal with the problem.

SHANGHAI, May 14 (Xinhua) -- Li Yuanchao, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, met Friday with Singapore's Minister Mentor Lee Kuan Yew in Shanghai.Li, also president of the CPC's Pudong Cadre College, hailed the development of Sino-Singapore ties since the two states established diplomatic relations in 1990.He pledged to further party-to-party exchanges and cooperation with Singapore in personnel training, urban development and environmental protection.Lee said he hoped the two states would expand cooperation. He delivered a speech at the college.Li is also Minister of the Organization Department of the CPC Central Committee.

BEIJING, April 5  --The People's Bank of China says the country will be more open to foreign capital this year even though the prospect of a strong economic recovery is still unclear.Although the impending withdrawals of various countries' economic stimulus packages may also complicate the efforts to end the global economic crisis, the Chinese government has decided to increase the penetration of foreign capital into the country's financial industry in an appropriate way.An editorial in the "Global Times" quotes some western officials who said if China opened its market to western financial institutions the way it opened its market to five-star hotels, the potential risks would be huge for the country itself and the world at large.The editorial warns the doors to free trade should not swing open too quickly and that market openness should be managed at the right pace, as China has done during the past three decades. But it also notes that the stakes are higher in the country's financial industry. It argues that if China is fully open to foreign capital, the capital operation pattern common in developed economies such as the United States and several European nations will not suit its existing financial system on such short notice. As a result, chaos would erupt sooner or later in the financial sector.The editorial concludes that China should gradually liberalize its financial industry, because a sudden torrent of foreign capital would be undesirable. It calls for a prudent approach to financial liberalization that would yield a productive outcome as evidenced over the past three decades of gradual financial reform whereby more market competition has been encouraged and distressed loans have been effectively curbed. Such a policy has shielded China from being hit as severely by the current financial crisis and enabled it to rebound quicker than other advanced nations.

NANCHANG, April 29 (Xinhua) -- Chinese Ministry of Commerce released regulations concerning foreign investment in China's central region here Thursday.The region - which includes the provinces of Shanxi, Anhui, Jiangxi, Henan, Hubei and Hunan - should attract high-end green industry with policy incentives and guidance, the regulations say.It should give priority to manufacturing while eyeing investment in other sectors like agriculture, sophisticated processing industries, trade, finance, education, culture, tourism and leasing.The region should nurture business-friendly policies and slash transaction costs to attract businesses considering moving inland from the coastal regions.The rules call for rectifying any practices that disrupt business operation, including authorities' arbitrary law enforcement.The rules also urged a market-oriented administration system consistent with international rules.The ministry also pledged to establish state-level industrial transfer demonstration zones and to improve provincial industrial parks.

YICHUAN, Henan, April 6 (Xinhua) -- The death toll after a central China mine blast last week has risen to 40，with 6 still missing, local authorities said on Tuesday.An official with the rescue headquarters confirmed Tuesday that 98 people were working underground in the Guomin coal mine in Yichuan county when the blast occurred at 7:20 p.m. on March 31. 57 were lifted to the ground unharmed, 35 were killed and six are still missing.The explosion also killed five and injured one on the ground, the official said.The illegal coal mine owned by village head Wang Guozheng was poorly managed and even does not have a payroll list. That's why the dead and missing could not be identified, the official said.Ten people allegedly accountable for the accident are under control by police, including mine owner Wang Guozheng, who was previously given a reprieved imprisonment sentence in 2009 for covering up a mine accident.Work safety authorities ordered the mine to suspend operations after a gas outburst on May 1, 2009. Production ever since has been illegal, said a statement from the Henan Provincial Administration of Work Safety.

来源：资阳报