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SHANGHAI, June 6 (Xinhua) -- Commercial Aircraft Corporation of China Ltd. (COMAC) unveiled its manufacturing and assembling center here Saturday, the latest step towards the goal to manufacture China's homegrown large aircraft.     The Final Assembly Center of the COMAC was based on the Shanghai Aircraft Manufacturing Co., with a registered capital of two billion yuan (292.7 million U.S. dollars), said COMAC's general manager Jin Zhuanglong. People attend the inauguration ceremony of the Final Assembly Center of the Commercial Aircraft Corporation of China, Ltd (COMAC) in Shanghai, east China, June 6, 2009. It was one of the COMAC's three key entities which were responsible for aircraft design, manufacturing and service.     Jin said the Final Assembly Center's new base in Shanghai's Pudong area will be constructed within this year.     By 2010, the center will be able to produce 30 ARJ21-700 model planes a year, and the capacity will be expanded to 50 jets by 2012, Jin said. People attend the inauguration ceremony of the Final Assembly Center of the Commercial Aircraft Corporation of China, Ltd (COMAC) in Shanghai, east China, June 6, 2009. The ARJ21, an acronym for "Advanced Regional Jet for the 21st Century," is the first regional jet that China has fully developed independently, in accordance with the standards set by General Administration of Civil Aviation of China (GACAC), Federal Aviation Administration (FAA) and Joint Aviation Authorities (JAA).     The Shanghai-headquartered COMAC has launched its design and research center, based on the Shanghai Aircraft Design and Research Institute, and a customer service center.     The latter provides aircraft maintenance and repair, pilot training, aviation equipment and materials leasing and consulting for aviation technologies for both large planes and regional aircraft. An ARJ21 (Advanced Regional Jet for the 21st Century) plane is assembled at Shanghai Aircraft Manufacturing Co., Ltd in Shanghai, east China, June 6, 2009

BEIJING, July 10 (Xinhua) -- China's Ministry of Finance (MOF) announced Friday that it will launch two more batches of electronic savings bonds of up to 50 billion yuan (7.32 billion U.S. dollars) since next week.     According to the ministry, one batch of the e-savings bonds of 40 billion yuan has a term of three years, with a fixed annual interest rate of 3.73 percent.     The other, the five-year e-savings bonds, is worth 10 billion yuan at a fixed annual interest rate of four percent.     The two bonds will be issued from July 15 to 31, with interests to be calculated from July 15 and paid annually, said the ministry in a statement on its website.     These bonds are open to only individual investors, the MOF said.     Compared with other types of bonds, the e-savings bond is seen as more convenient for investors. For example, the interest can bepaid through direct deposit into the investor's account.     This is the second time the ministry launches this kind of bond this year, with the first issuance of two batches of e-savings bonds in April.     The ministry also said it would issue two batches of book-entry treasury bonds next week with a face value of 12.48 billion yuan and 12.65 billion yuan each.     One with the face value of 12.48 billion yuan has a term of 91 days, and the issue price, set by competitive bidding, was 99.72 yuan for a face value of 100 yuan. In this sense, the annual yield will be 1.15 percent, the ministry said.     The other has a term of 273 days, and the issue price was set at 99.077 yuan for 100 yuan, with an annual yield of 1.25 percent.     The ministry said the book-entry T-bonds will be sold from July 13 to July 15. Trading of the bonds will begin July 17.

BEIJING, May 28 (Xinhua) -- Zhang Xuanqi got up Thursday morning and fastened a small hand-made scent bag on his shirt. This kind of adornment has been a must for him on this special day every year since his childhood.     "Inside the bag is cinnabar that can keep away evils," said Zhang, a middle school student in Quwo County, Shanxi Province. Local people take part in the dragon boat race to mark the Duanwu Festival, also known as the Dragon Boat Festival, in Chengdu, southwest China's Sichuan Province, May 28, 2009. The Duanwu Festival falls on May 5 of Chinese lunar calendar. This year's Duanwu festival falls on Thursday.It is generally believed that the Duanwu Festival is marked to remember to Qu Yuan, one of the greatest ancient Chinese poets who drowned himself in the Miluo river to protest the corrupt court.As Chinese celebrated the Dragon Boat Festival, or Duanwu, which fell on Thursday this year, folk customs for this event have been reviving among both the old and young in this fast developing country. To wear small bags, usually with cinnabar, medicinal herbs or aromatic materials inside, is one of the traditions.     The festival is for people to remember Qu Yuan, a patriotic poet more than 2,000 years ago, who, according to legend, drowned himself in the Miluo River in Hunan Province to protest the then corrupt kingdom. Residents take part in a Zongzi making competition in Zhoushan, east China's Zhejiang Province, May 28, 2009, to celebrate the Chinese traditional Duanwu Festival, also known as the Dragon Boat FestivalPeople also eat glutinous rice dumplings wrapped in bamboo leaves, or called zongzi, to observe the festival. Legend has it that people drop zongzi into the water to feed Qu Yuan's spirit. Others say that they are meant to keep fish from feeding on Qu's body.     VARIOUS ACTIVITIES     On Thursday, dragon boat races were organized in many places across the country.     To mark the event, the 2009 National Dragon Boat Month and the Fourth China International Dragon Boat Tournament kicked off on the Miluo River. Ten domestic teams and an American team joined the competition. Chinese folk artists perform lion dance to mark the Duanwu Festival, also known as the Dragon Boat Festival, in Baoshan, east China's Shanghai Municipality, May 28, 2009."Our fishermen members have been making use of the fishing ban period from late January to September to have dragon boat race training," said Jin Fangming, coach for the team from eastern Jiangsu Province.     In southern Guangdong Province, 68-year-old farmer Yao Songjie in Yangqi Village joined a boat race with dozens of other participants .     "This is an activity we farmers love most," he said before the race began. Chinese folk artists perform for local residents to mark the Duanwu Festival, also known as the Dragon Boat Festival, in Taiyuan, capital city of north China's Shanxi Province, May 28, 2009. The Duanwu Festival falls on May 5 of Chinese lunar calendar. This year's Duanwu festival falls on Thursday.It is generally believed that the Duanwu Festival is marked to remember to Qu Yuan, one of the greatest ancient Chinese poets who drowned himself in the Miluo river to protest the corrupt court.

BEIJING, July 1 (Xinhua) -- Chinese Premier Wen Jiabao called for attention to "institutional and management loopholes" discovered in the auditing of central government budget in 2008 here Wednesday.     Wen made the comment at the executive meeting of the State Council, China's Cabinet.     All related authorities should take more effective measures to correct these problems, including revising the budget law, strengthening the monitoring and supervision of the new investment projects of the central government, and enhancing transparency in government affairs, Wen said.     He also called for establishment of accountability mechanism and building of effective monitoring, alarm, emergency system directing at major economic risks.     The correction result should be reported to the State Council by the end of October, Wen said.     Wen also said that the execution and management of the central budget had made substantial improvement in general, and highlighted the importance of audit supervision.     The meeting also approved plans to develop the coastal economic belt in northeastern Liaoning Province in an effort to rejuvenate the traditional industrial base.     The zone comprises coastal cities of Dalian, Dandong, Jinzhou, Yingkou, Panjin and Huludao, which opened navigation services to more than 140 countries and regions.     The economic zone should work to boost the opening up of northeast China, promote the shipping and logistics services, and push for the development of advanced manufacturing in the area.

TASHKENT, June 27 (Xinhua) -- Visiting Chinese Vice Premier Li Keqiang on Saturday called for closer economic ties between China and Uzbekistan while meeting with Uzbek First Deputy Prime Minister Rustam Azimov.     Li said China and Uzbekistan have deepened their pragmatic cooperation and achieved a lot in this regard in recent years. Besides growing trade, bilateral cooperation in areas like investment and projects outsourcing also made rapid progress, he noted, adding the two sides have improved the quality and increased the level of bilateral, pragmatic cooperation with joint projects being carried out in energy, mining, transportation, agriculture, telecom, machinery, petrochemical and other sectors. Chinese Vice Premier Li Keqiang (R) meets with Uzbekistan First Deputy Prime Minister Rustam Azimov in Tashkent, Uzbekistan, on June 27, 2009    The Chinese leader called on the two sides to capitalize on the progress of bilateral cooperation, and take full advantage of the fact that the two economies are highly complementary to each other and the two countries enjoy geographical closeness. Chinese Vice Premier Li Keqiang (5th L, rear) and Uzbekistan First Deputy Prime Minister Rustam Azimov (6th L, rear) attend the signing ceremony of cooperation agreements between the two countries, in Tashkent, Uzbekistan, on June 27, 2009He specifically said the two countries should continue to expand bilateral trade and two-way investment and spare no effort to carry out major joint infrastructure projects.     Meanwhile, the two sides should enhance cooperation in other areas and move faster on carrying out aid and loans initiatives to achieve mutually-beneficial and steady development of both economies, he added.     On broader bilateral relations, Li said the relationship between China and Uzbekistan has been developing smoothly as political trust between the two sides continues to deepen and cooperation in specific areas like economy, energy, transportation and security grows stronger day by day.     He noted China and Uzbekistan have supported each other on critical issues and worked closely within multilateral frameworks like the United Nations and the Shanghai Cooperation Organization, which has helped both sides safeguard their common interests and has had a positive impact on regional and world peace and stability.     Chinese President Hu Jintao met with his Uzbek counterpart Islam Karimov during the 2008 Summer Olympic Games in Beijing, and also on the sidelines of the summit of the Shanghai Cooperation Organization countries held in the Russian city of Yekaterinburg earlier this month.     Chinese Premier Wen Jiabao paid his first official visit to Uzbekistan in November 2007 after attending a meeting of the prime ministers of the Shanghai Cooperation Organization countries held in the Uzbek capital Tashkent.     Li said Chinese and Uzbek leaders had an in-depth exchange of views on deepening pragmatic bilateral cooperation and reached a lot of important agreements during their meetings.     He said the primary goal of his current visit is to carry out specific programs of pragmatic cooperation between China and Uzbekistan according to the consensus reached by the top leaders of the two sides with the aim of bringing more concrete benefits to the two peoples.     On his part, Azimov said the leaders and senior officials of Uzbekistan and China have met on a regular basis to build a solid base for further developing bilateral relations.     He described Li's visit to the country as an important step toward putting into practice the consensus reached by the leaders of the two countries.     He said Uzbekistan and China have made remarkable progress on energy cooperation in recent years, which reflects a new dimension of bilateral economic cooperation and will benefit both economies.     The Uzbek official said his country has been closely watching the economic development of China and would like to learn from China's successful experience.     He also praised the measures taken by the Chinese government to tackle the global financial crisis.     After the meeting, the two attended the signing ceremony of 11 government or corporate bilateral agreements on cooperation in such areas as economy, tourism and health