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BEIJING, Jan. 9 (Xinhua) -- Hu Jintao, general secretary of the Central Committee of the Communist Party of China (CPC), urged to deepen fiscal and taxation system reforms, and improve the efficiency of fiscal management, so as to maintain steady and comparatively fast economic development. It is imperative to continue the pro-active fiscal policy and moderately loose monetary policy, with priority given to the implementation of policies that support domestic consumption expansion, economic growth, economic structure adjustments and projects concerning people's livelihood, said Hu at a seminar attended by members of the Political Bureau of the CPC Central Committee and researchers from the nation's top think tanks on Friday afternoon. He also called for more investment in agriculture and rural areas, independent innovation and fostering of emerging strategic industries. More fiscal resources should be channeled to promote public welfare development and back up undertakings concerning people's livelihood, especially education, employment, social security, medical care, affordable housing construction, and environmental protection, according to Hu. Hu also called for improving the taxation system by optimizing taxation system structure, working out a more fair distribution of the tax burden, and standardizing income distribution, in a bid to promote healthy economic development.

BEIJING, Dec. 30 (Xinhua) -- World media reports have praised China's efforts in promoting international cooperation to combat climate change and its contribution to a substantive result at the U.N. Climate Change Conference in Copenhagen. The per capita carbon emission in China is far lower than that in Western countries, the state media from different countries, including India, Pakistan, Indonesia, Central Africa Republic and Malawi, said recently. Acknowledging that China was facing a heavy task of development, they said that China's demand for due right to development was justifiable and reasonable. Alongside economic development, China has increased spending on combating climate change, greatly encouraged science and technology, and become a world leader in the use of green energy, they said. During the Copenhagen Conference, China made all efforts to communicate and negotiate with other countries. It especially brought together developing nations to jointly safeguard their common interests and made a remarkable contribution to a substantive result of the conference, they said. Meanwhile, media in small island states, including Antigua and Barbuda, Fiji and Papua New Guinea, also spoke highly of China's responsible attitude and forceful measures on tackling climate change, saying China's effort could match that of any developed countries. They said that some countries' criticism of China on the issue was groundless and irresponsible. The words were echoed by France's Le Figaro magazine, which said in an editorial that the environment issue cannot be solved without considering the people's interests and national development. Being a leader in such technologies as wind power, solar energy and carbon capture, China has also spared no efforts in developing nuclear energy, the magazine said. Le Figaro in an article titled "In Defense of China," called on the international community to learn more about China. The article said that China's development has contributed to all mankind because it lifted a great number of Chinese people out of poverty and also benefited neighboring countries and the global economy. It is groundless to say that China did nothing to improve the environment, the article said, citing China's achievements in developing solar energy and a forestation. The world should be confident in China's ability to combat climate change, it added.
QINGDAO, Shandong, Jan. 10 (Xinhua) -- The most severe icing situation in the past 30 years in the coast off east China's Shandong Province continued to worsen amid cold snaps, oceanic officials said Sunday. Sea ice appeared last week along the coastline of the Bohai Sea and northern Yellow Sea as cold fronts pushed the temperature down to minus 10 degrees Celsius, said Guo Kecai, deputy general engineer of the North China Sea Branch (NCSB) of the State Oceanic Administration. A mariculturist breaks the ice on the sea in Jiaozhou, east China's Shandong Province, Jan. 10, 2010The outer edge of the ice sheets in the Liaodong Bay, Bohai Bayand northern Yellow Sea extended 60 nautical miles, 15.5 nautical miles and 20 nautical miles, respectively, according to the NCSB. With another cold front expected Monday, the sea ice along the coastline would further develop, experts said. More than 200 fishing boats were frozen at a port in Dongying Village in the Jiaozhou Bay. Fishermen said the ice sheet could be20 cm to 30 cm thick. Police help move the vessels stucked by ice in Qingdao, east China's Shandong Province, Jan. 10, 2010In the waters near Liaodong Bay and Laizhou Bay, floating ice was reported in an area of 65 to 75 nautical miles, with ice measured more than 50 cm thick, threatening ship navigation, anchoring and operations at ports, Transport Minister Li Shenglin said Saturday. The NCSB had strengthened monitoring on icing conditions and sent warnings to local residents and governments.
BEIJING, Nov. 26 (Xinhua) -- China has tightened settlement and sale of foreign exchange by individuals to curb non-normal cross-border capital inflow, according to a statement of the State Administration of Foreign Exchange (SAFE). Banks should deny, review or report to foreign exchange regulators, individual purchases or settlements of foreign exchange suspicious of splitting up one deal into several smaller ones to dodge limits on the size of exchange transfer by one person, which is understood to be one of the channels for hot money inflow, said the statement on Wednesday. Practices including one overseas individual or institution remitting foreign exchange to five or more individuals within China who settle them respectively, or five or more individuals buying foreign exchange and remitting them to one and the same overseas individual or institution, on a single day, every other day or consecutive days, are considered exchange splitting behavior, said the SAFE. China in 2007 set the limit of up to 50,000 U.S. dollars per year for an individual to exchange between yuan and foreign exchange.
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