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KUNMING -- Fourteen people were killed and six others were injured after a bus veered off a road and plunged into a ravine in southwest China's Yunnan Province, a local government official confirmed on Thursday.The bus with 20 passengers on board veered off a highway in Maguan County of Wenshan Autonomous Prefecture of Zhuang and Miao Nationalities at 3:30 p.m. Wednesday, said Liu Qingfu, deputy head of the publicity department of Wenshan prefecture.Fourteen people died at the scene. The injured have been rushed to a nearby hospital and are reportedly out of danger.The cause of the accident is still being investigated.
Hong Kong' benchmark Hang Seng Index plunged 5.18 percent on Monday to close at its lowest level this year, drawn by growing troubles in the global credit markets and weakness in the Chinese mainland bourses. The Hang Seng Index fell 1,152.50 points, or 5.18 percent, to close at 21,084.61 on Monday, its lowest level in nearly seven months, amid worries on the near collapse of U.S. investment bank Bear Stearns. Over the weekend, the subprime mortgage crisis claimed another major victim -- Wall Street's fifth largest investment bank Bear Stearns. Wall Street fell sharply on Friday on the news, followed by Asian markets. The benchmark Hang Seng Index opened at 21,318.03 and fluctuated between 21,041.26 and 21,473.40 during the session. Turnover was at 94.37 billion HK dollars (12.16 billion U.S. dollars), up from last Friday's 88.28 billion HK dollars (11.32 billion U.S. dollars). Three of the four major categories lost ground. The Properties lost most at 5.73 percent, followed by the Commerce and Industry at 5.58 percent and the Finance at 5.32 percent. The Utilities, the only gainer, edged up 0.21 percent. The biggest decliners in the local benchmark index were mainly China-based companies. Index heavyweight China Mobile fell 4.6 percent to 102.50 HK dollars. Smaller rival China Unicom slid 4.6 percent to 16.32 HK dollars. Shenhua Energy fell 8.9 percent to 32.95 HK dollars, and Ping An Insurance was down 7.6 percent at 53.20 HK dollars. The Chinese mainland's biggest insurer, China Life Insurance, slid 7.4 percent to 25.70 HK dollars. Non-life insurer PICC P&C tumbled 11.5 percent to 6.48 HK dollars. Air China, Chinese mainland's biggest international carrier, lost 50 cents or 8.5 percent at 5.40 dollars as oil continued its relentless climb to a fresh high of 111.80 in Asian trade Monday on a weaker dollar. The company will report its 2007 results later Monday. The mainland's biggest airline by fleet size, China Southern Airlines skidded 73 cents or 12.5 percent to 5.13 dollars. PetroChina, Asia's biggest oil and gas company, dropped 6.6 percent to 9.42 HK dollars. Major oil firm Sinopec fell 8.1 percent to 6.14 HK dollars on investor concerns about steep losses at its refining division given the recent surge in crude prices. Property stocks tumbled, in line with the downward trend in the overall market, and on reports of softening housing prices in the city's new territories. Sino Land Co, which has the highest exposure to the local residential market, fell 11 percent to 15.42 HK dollars. Asian billionaire Li Ka-shing's property flagship Cheung Kong Holdings, fell 5.7 percent to 99.05 HK dollars. Hong Kong's biggest property developer, Sun Hung Kai Properties Ltd (SHK Properties), slumped 4.8 percent to 112.60 HK dollars. CLP Holdings and Hong Kong Electric were the only gainers in Monday's trade as CLP Holdings up 1.1 percent to 65.30 HK dollars and Hong Kong Electric rose 3.3 percent to 50.90 HK dollars.

BEIJING, March 7 (Xinhua) -- Chinese President Hu Jintao met here on Friday with former U.S. President George Bush. Hailing the progress of China-U.S. relations in recent years, Hu said that to develop healthy, stable bilateral ties was in the common interest of both sides and had great significance for peace and development of the Asian-Pacific region and the world at large. China was willing to properly handle divergence and major concerns through dialogue and beef up bilateral exchanges and cooperation on the basis of mutual respect, equality and mutual benefit, Hu said. He said that he appreciated Bush's efforts to boost China-U.S. friendship. He also briefed the former U.S. leader about China's stance on the Taiwan issue and its preparations for the Beijing Olympic Games. Calling U.S.-China relations one of the world's most important bilateral ties, Bush said that he was happy with the development of the progress of bilateral relations and expressed confidence that there would be even closer ties with China. Chinese President Hu Jintao (R front) meets with former U.S. President George Bush in Beijing, capital of China, March 7, 2008 As the honorary president of the U.S. delegation for the Olympic Games, Bush said he expected to be back in China in August to watch the Games. Calling the Olympics a world sports festival, Bush said that he opposed politicizing the event and expected a complete success for the Games.
NANJING -- Sixty-two years after Japan's surrender in the Second World War on Wednesday, Chinese and Japanese marked the event together with calls for world peace.In Nanjing, capital of east China's Jiangsu Province where the notorious Nanjing Massacre occurred, a 48-strong delegation of the Japanese left-wing group Mei Shin Kai commemorated the day.A Japanese woman prays in front of a monument for war victims during a gathering in memory of the end of the World War II, in Nanjing, East China's Jiangsu Province August 15, 2007. [newsphoto]"We pledge today to continue working for world peace and telling people the true history," said Matsuoka Tamaki, a primary school teacher from Osaka and head of the delegation.Tamaki started visiting veterans of the war in 1998 in the hope of discovering the truth about Japan's controversial history. Based on the accounts of six veterans, she identified a site in Nanjing, where more than 1,000 Chinese were killed during the massacre.According to her findings, the victims were led to Taipingmen in east Nanjing on Dec, 13 1937, and bayoneted, shot or forced to step on land mines.To make sure everyone was dead, the Japanese soldiers made a thorough search the next day and bayoneted those who still breathing, Tamaki said."This is a new finding," said Zhu Chengshan, curator of the Memorial Hall of the Victims in the Nanjing Massacre, noting that more than 20 sites, most by the Yangtze River, have been recognized as massacre sites.Zhu said he would erect a memorial monument at the Taipingmen site.Invading Japanese troops occupied Nanjing on December 13, 1937, and launched a six-week massacre. Chinese records show more than 300,000 people, not only disarmed soldiers but also civilians, were killed.Japanese college student Hitomi Fukugawa, 21, visiting China for the first time, said she was astonished at survivors' stories. "In Japan I learnt little about the invasion, but now I feel I have more to learn," she said.In northeast China's Heilongjiang Province, Wednesday was the first Peace Day in Qiqihar, site of the first battle against Japanese troops after they launched their invasion on September 18, 1931.Performances were held to mark the day the war ended, and more than 3,000 pupils drew symbols of peace on an 815-meter-long banner."We should remember the tribulations of war on this day and cherish peace," said businessman Wang Xinghai, 35, at the memorial wall on the Peace Square.In Shenyang, capital of Liaoning, elderly people gathered to recall the war."I saw a Japanese soldier kill a six-year-old kid with his bayonet and slay a newly-wed couple," said 87-year-old Sun Shizhen in sorrow.Veteran Shan Lizhi, 96, said, "All our sacrifices were made for peace and prosperity.""Remembering history doesn't mean harboring hatred," said Wang Jianxue, head of the Warfare Research Institute of "9.18". "Our country was weak at that time, and we should tell our young people to work hard for China's rejuvenation."In Beijing, a set of surgical tools and the wooden trunk used by Canadian surgeon Norman Bethune were donated to the Chinese Museum of Anti-Japanese War on Wednesday.Bethune came to China in 1938 and set up a front-line mobile hospital where he operated on wounded soldiers. He is credited with saving thousands of lives.In Chengdu, capital of Sichuan Province, more than 200 people laid flowers at the monument for dead Sichuan soldiers, a bronze statue of a soldier in a bamboo hat, carrying a grenade and holding a gun facing east.During the eight-year war, about three million Sichuan soldiers fought and more than 600,000 died.Holding a bouquet of white chrysanthemums, a man in his 70s who declined to be named said, "We should never forget those who died for the liberation of our country and value peace for them."
The authorities are considering a central system to award individuals' achievements in various fields to regulate such honors now being given out by local governments and agencies, said officials."The country is forging ahead to study the setting up of a national system of honors and a government framework for awards," said Yin Weimin, minister of personnel.Research on two specific laws to administer awards and confer medals is already being carried out, Yin said in a conference over the weekend.The National People's Congress has discussed laws on systems to give out awards and medals as early as 1993, but no agreement has been reached because of the complexity of such systems, experts said."Effective government awarding methods are positive ways to motivate society to learn from the merits of individuals," said Wang Xiongjun, a researcher with Peking University."And the establishment of core honors in an award system, as national honors and medals for certain fields, will bring China in line with international standards," Wang said.Currently, China has various rules set up by government agencies to award individuals including civil servants and civilians who make contributions in certain fields, but almost all these lack detailed descriptions on awarding procedures and methods, said Wang.There have also been cases where officials were nominated for awards in controversial selection processes - sometimes involving large amount of prize money - that were said to lack transparency.For instance, judge Song Yushui from the Haidian District People' Court was up for an award worth a million yuan (5,600) in 2005 given by the Beijing municipal government for being one of the "outstanding individuals" of the year.But critics said Song should not receive such an award since her "achievements" were expected of her as a judge.To prevent such situations, there should be guidelines and principles set under an awards system, said Hua Xiaochen, an expert on public institutions with a research body under the Ministry of Personnel.The main role of an awards system is to provide examples of merit for the public to learn from and not to focus on large prizes, Hua told the Legal Daily.
来源:资阳报