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NINGBO, Dec. 7 (Xinhua) -- Chinese Vice Premier Li Keqiang said Tuesday that more efforts should be made to boost the quality and efficiency of China's economic growth and enable all people to enjoy the fruits of the country's reform and opening-up.Li made the remarks at a seminar on drawing up the nation's 12th Five-Year (2011 to 2015) Program in Ningbo City of east Zhejiang Province, which was also attended by top officials of several provinces.The key to grasping the development opportunities and meeting the challenges is accelerating the transformation of China's economic growth pattern, said Li.Li noted that strategic economic restructuring is the key to realizing the transformation and he called for more efforts to boost domestic demand,especially consumption demand, while expanding the opening-up policy.Chinese Vice Premier Li Keqiang (L) speaks at a seminar on drawing up China's 12th Five-Year (2011 to 2015) Plan in Ningbo City, east China's Zhejiang Province, Dec. 7, 2010.He also urged more efforts be made to strengthen the role of innovation in driving growth, quicken the upgrading of traditional industries, develop strategic emerging industries, push forward the service sector, and conserve resources and protect the environment.Another major task of the transformation of China's economic growth pattern is to accelerate the development of social causes and enable urban and rural populations to enjoy the results of the nation's development, said Li.He also said the current task for the government is to maintain stable and relatively fast economic growth, restructure the economy and stabilize consumer prices.
BEIJING, Jan. 18 (Xinhua) -- China's Ministry of Civil Affairs (MCA) channeled more than 1 billion yuan (about 151.8 million U.S. Dollars) raised by the lottery to public welfare programs in 2010, according to a statement issued by the MCA Tuesday.China's government-run lottery raised 30 billion yuan for public welfare funds in 2010, according to the MCA.Half of the funds were allocated to welfare projects administered by central authorities, including the MCA, and half to welfare projects organized by local governments.The quota for the MCA to use at its own discretion was 1.053 billion yuan, which was mainly directed for improving the welfare of the aged, the disabled, children, and those impacted by natural disasters.Of the 1 billion yuan, 604 million yuan went to providing care and rehabilitation to the aged and the disabled.Additionally, 417 million yuan went to welfare programs for children, including providing care and rehabilitation to disabled orphans, children suffering cerebral palsy, AIDS-impacted children, and providing shelters to homeless juveniles, among others.The rest of the fund went to government procurement of social services, and retrofitting incineration and burial infrastructures in the underdeveloped west and central regions.
BEIJING, Jan.14 (Xinhua) -- A Maldivian delegation visited southwest China's Yunnan province from Jan.11 to 14.During the visit, speaker of the Maldivian People's Majlis, Abdulla Shahid, held talks with directors of Yunnan's departments of tourism and commerce on Tuesday.Shahid said tourism was without a doubt the key industry of Maldives, adding that there are currently more than 10,000 Chinese tourists coming to Maldives every month."The opening flight between Kunming and Male, capitals of Yunnan and Maldives, increase high-level exchanges and commerce cooperation between the two countries", he saidTourism of China and Maldives strongly complement each other, vice chairman of the Standing Committee of the Yunnan provincial People's Congress, Yan Youqiong, said during their meeting.
BEIJING, Jan. 15 (Xinhua) -- Chinese State Councilor Dai Bingguo on Saturday held a telephone conversation with U.S. National Security Advisor Tom Donilon concerning President Hu Jintao's upcoming state visit to the United States.They exchanged views on the preparations for Hu's visit, which is scheduled for Jan. 18-21.They agreed both sides would make joint efforts to ensure a complete success of Hu's visit.
BEIJING, Nov. 25 (Xinhua) -- China's central bank warned about the risk of credit card related bad debt on Thursday as money owed 180 days past the due date was on the rise in the third quarter.Credit cards debt 180 days past the due repayment date stood at 7.92 billion yuan (1.19 billion U.S. dollars) by the end of the third quarter, up 8.5 percent from the second quarter, according to a statement released Thursday on the website of the People's Bank of China.Taking this into account, the central bank warned commercial banks to pay close attention to risks associated with credit card related bad debt.Money owed 180 days past the due repayment date accounted for 2.1 percent of the total amount of debt by the end of the third quarter, down 0.4 percentage point from the second quarter, according to the statement.