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BEIJING, Aug. 5 (Xinhua) -- As a 6.1-magnitude aftershock hit southwest China's Sichuan Province, the country's quake relief headquarters held its 24th meeting on reconstruction here on Tuesday, reiterating its dual focuses: livelihoods and the environment. At the meeting presided over by Premier Wen Jiabao, the headquarters urged giving priority to the basic needs of the survivors of the May 12 earthquake in Sichuan Province. It also promised to improve the local environment step by step, ensuring "fast and sound" reconstruction. Chinese Premier Wen Jiabao (back R) speaks at the 24th meeting of the general headquarters of quake relief under the State Council in Beijing, capital of China, on August 5, 2008.It vowed to spend three years ensuring several goals: that every family has a house; every household has an income; every person has insurance, and that the infrastructure, economy and environment all improve. A special team on reconstruction planning was set up jointly by the national Development and Reform Commission and the governments of the quake-hit Sichuan, Gansu and Shaanxi provinces. Since May 23, the team has been continuously touring the quake zone and collecting opinions from local officials for a final scheme. The plan involves 19.87 million people in 51 counties. The earthquake measuring 6.1 on the Richter Scale occurred in Qingchuan County at 5:49 p.m. on Tuesday, leaving one dead and 23 others injured. On Friday afternoon, an aftershock of the same magnitude hit Pingwu and Beichuan counties in Sichuan, injuring 231 people.
BEIJING, April 13 (Xinhua) -- Chinese companies will no longer need the central bank's approval when issuing short-term bonds on the inter-bank market amidst government efforts to boost direct financing and reduce bank loan risks. The People's Bank of China (PBOC) announced non-financial companies could issue bonds with maturities of less than one year on the inter-bank market without its approval from April 15. Instead, they would only need to register at the National Association of Financial Market Institutional Investors set up in September, the PBOC said in a statement issued late on Saturday. It said other negotiable notes "with a certain maturity" issued by non-financial companies on the inter-bank bond market wouldn't need administrative examination and approval, either. Nor would future innovative financing tools on the market. China has vowed to develop its capital market and broaden direct financing channels to curb enterprises' heavy reliance on bank credit. "China's financial structure has long been unbalanced, with its direct financing underdeveloped," said the statement. "Enterprises rely on bank loans too much, bringing them fairly large hidden risks." To boost innovation in debt offering and raise the share of direct financing could mobilize the transfer of deposits to investment and decrease credit risks of the banking system, it said. China allowed companies to offer short-term bonds to qualified institutional investors on the inter-bank market in May 2005. From then to the end of 2007, 316 companies issued 769.3 billion yuan (about 109.9 billion U.S. dollars) of short-term bonds, with 320.3 billion yuan of outstanding debts, statistics showed. In comparison, short-term loans to non-financial companies and other institutions surged 1.25 trillion yuan in 2007, while middle- and long-term loans jumped 1.65 trillion yuan.
BEIJING, Sept. 19 (Xinhua) -- Chinese President Hu Jintao on Friday urged all the members of the Communist Party of China(CPC) to put people's interests first and learn the bitter lessons from the latest security incidents. Addressing the opening ceremony of a seminar for the country's ministerial-level leaders in Beijing, Hu, also the General Secretary of the CPC Central Committee, said that the major accidents on work and food safety which occurred in some places of the country this year had incurred severe losses of people's lives and property. These accidents had indicated that some leaders lacked a sense of responsibility and had a loose governance, he said. These accidents also showed some of the leaders paid no attention to people's problems and complaints and were insensitiveto the problems which threats people's life security, said Hu. He urged all the leaders to fully understand the serious consequences of the accidents and learn the bitter lessons from the accidents. Those accidents reminded us once again that only by solving the problems emerged from the Party leaders ... and putting people's interests first, could the Party better lead the people towards the building of a well-off society, Hu said. The President also urged more efforts from the leaders to realize and safeguard the fundamental interests of the people. Leaders should strive hard to do practical and good things for the people and ensure that people benefits from the country's developing economy, he noted. More efforts should be made to mobilize people to be involved in the cause of the country's scientific development, and leaders should collect people's ideas and listen to their opinions in the process, he said.
CHENGDU, May 24 (Xinhua) -- Chinese Premier Wen Jiabao said Saturday the efforts to search survivors were continuing in the quake-hit areas, but the focus of work would be gradually shifted to the resettlement of residents and post-quake reconstruction. Wen told Chinese and foreign reporters at a resettlement site in Yingxiu town, a worst-hit area in the May 12 quake, that the biggest difficulty in resettling the quake-affected residents was the lack of tents. A total of 15 million rooms were damaged or destroyed in the quake and a large number of people are in need of shelter, said the premier, who is paying a second visit to the quake-hit Sichuan Province. "We have collected the tents nationwide and got aid from international community, but tents are still lacking," Wen said. The Chinese government has ordered domestic tent manufacturers to produce and transport 30,000 tents to the quake zone each day and 900,000 within a month, Wen said. The production of movable plank houses should also be accelerated to ensure the quake-affected people resume a normal life within three months, Wen added. Efforts should also be made to ensure no big epidemic after the disaster, the premier said Chinese Premier Wen Jiabao (R Front) speaks during an interview with journalists from at home and abroad, in Yingxiu Town of Wenchuan County, southwest China's Sichuan Province, May 24, 2008, during his second inspection tour of quake-hit areas in Sichuan after May 12 when the 8.0-magnitude quake happened. Enough epidemic prevention staff and medicine supply should be ensured, he said. Wen said another problem confronting quake-relief workers is that the chances of secondary disasters still exist. Quake-formed lakes are the most serious among them. "We will take effective measures to eradicate safety hazards to ensure no casualties in secondary disasters," Wen said. The premier stressed that the construction materials of collapsed public buildings, including schools and hospitals, should be collected for reference in future reconstruction. "Some 110,000 People's Liberation Army troops and armed police have been mobilized," the premier said. "The search and rescue operation has been conducted in every village." The central finance had earmarked tens of billions of yuan for the relief work, Wen said. A 75-billion-yuan (about 10.7 billion U.S. dollars) post-quake reconstruction fund had been set up and more money would be added to it in the next two years, he added. Before the reporters, Wen expressed sincere thanks to the Chinese worldwide, including compatriots from Hong Kong, Macao and Taiwan, as well as the leaders, governments and people of other countries for their concern, sympathy, aid and help. "Facing such a powerful quake, we welcome international reporters to the quake zone," Wen said. "And we believe you can report the quake, its damage and the work we have done in a fair, objective and truthful way with your conscience and humanitarian spirit." "In handling emergency incidents and other issues, we will unswervingly stick to the principles of putting people first and opening up to the outside," he said. The 8.0-magnitude quake, which was centered in Wenchuan County, had left 60,560 dead nationwide as of Saturday noon, according to the Information Office of the State Council.
ZHENGZHOU, Sept. 10 (Xinhua) -- Chinese President Hu Jintao visited a special education school and a rural middle school in the central Henan Province to mark the country's 24th Teachers' Day, which falls on Wednesday. At the Zhengzhou Deaf-Mutes School in the provincial capital, Hu, also general secretary of the Communist Party of China (CPC) Central Committee, commended the teachers for bringing sunshine and hope to the handicapped children with their love and hard work. He said the cause of special education deserved respect from the whole society, urging the 110-strong faculty members to give more care and even better education to the children for their healthy growth. Chinese President Hu Jintao (R Front) shakes hands with a teacher as he visits Gaomiao Middle School in Qinghua Town of Bo'ai County under Jiaozuo City, central China's Henan Province. President Hu Jintao made an inspection tour in Henan Province from Sept. 8 to Sept. 10In the classrooms, the president told the students about the significance conveyed by the ongoing Beijing Paralympic Games, and encouraged them to build themselves a bright future with the help of the society and the teachers. On Tuesday morning, Hu also visited a rural junior high school called the Gaomiao Middle School, in Qinghua Township, Jiaozuo City. He sent his greetings to the teachers, saying their diligent work has helped many children from the countryside realize their dreams. He promised to further improve rural teachers' working and living conditions and told them to foster more talents for the country. Chinese President Hu Jintao (C) shakes hands with a teacher as he visits a school for blind, deaf and dumb students in Zhengzhou, capital of central China's Henan Province, on Sept. 10, 2008, the 24th Teachers' Day of China. President Hu Jintao made an inspection tour in Henan Province from Sept. 8 to Sept. 10Hu also expressed concern about children left behind by parents who were working in cities as migrant workers, saying the country was taking measures to give them better care. The president also visited the school kitchen and the students' dormitory, telling the school to take good care of their life. After playing together with the students on the playground, Hu talked with student Huang Zaizhen, encouraging him to study hard to become a person of use for his hometown and for the homeland. He led the students in the applause in honor of the teachers. Chinese President Hu Jintao (C) shakes hands with a teacher as he visits a school for blind, deaf and dumb students in Zhengzhou, capital of central China's Henan Province, on Sept. 10, 2008, the 24th Teachers' Day of China. President Hu Jintao made an inspection tour in Henan Province from Sept. 8 to Sept. 10