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BEIJING, Sept. 17 (Xinhua) -- The first seven companies applying for listing on the Growth Enterprise Market (GEM), a Nasdaq-alike market in China, have got green lights from the country's securities regulator on Thursday. They are in the fields of software, medical equipment and medicines. They planned to raise 2.27 billion yuan (332.65 million U.S. dollars), from the IPOs, according to China Securities Regulatory Commission (CSRC). "This means the seven enterprises are eligible to list on the market, but they still have some flaws in information issuance, which need to be improved," said Jiang Xinhong, a member of the review commission. The flaws don't hinder the listings, but these enterprises should go through some necessary procedures before getting listed, said the CSRC. The CSRC had received 155 applications for IPOs on the GEM as of Sept. 10, since it started to accept applications of the GEM on July 26.
NANJING, Aug. 9 (Xinhua) -- Chinese Premier Wen Jiabao reaffirmed during the weekend that China would unwaveringly adhere to its moderately easy monetary policy in face of economic difficulties and challengesWen said China would maintain both its proactive fiscal and moderate monetary policies, and work on economic restructuring to strengthen recovery from the global downturn. During a three-day inspection tour that ended Sunday in the eastern Jiangsu Province, one of China's economic powerhouses, Wen said China should focus on maintaining stable and rapid economic development and accelerating economic restructuring. China's economy still faced hardships and challenges because of the gloomy international economic outlook, he said. With weakened external demand, Chinese enterprises faced significant overcapacity, while domestic demand was still restricted by various factors. The impact of governmental stimulation of the economy would gradually lessen and long-term policies needed time to pay off, Wen said. Therefore, China's macroeconomic policy would not change. The premier's remarks echoed a similar announcement made by a senior economic planning official Friday that overseas market conditions were still severe and the country's economic policy direction would remain unchanged. Although the country's economy was showing signs of recovery, it still faced many difficulties in maintaining stability, said Zhu Zhixin, vice minister in charge of the National Development and Reform Commission. On his third visit to Jiangsu since the global financial crisis hit, Wen also praised "better-than-expected" results in eliminating pollution from the country's third largest fresh water lake Taihu over the past two years, since a blue algae outbreak in 2007. Wen was told that more than 3,000 small chemical plants surrounding the lake had been closed and about 1,000 new facilities had been installed to treat sewage from nearby villages into the lake.

BEIJING, July 31 (Xinhua) -- Chinese Vice Foreign Minister Zhang Zhijun summoned Australian Ambassador to China Geoff Raby and lodged a solemn representation to the Australian side on its allowing Rebiya Kadeer, leader of the separatist World Uygur Congress (WUC), to visit Australia.Zhang expressed China's strong dissatisfaction and firm opposition to the Australian side on its allowing the visit, a press release of the Foreign Ministry said. Zhang demanded it immediately correct its wrong doings and do not allow Kadeer to visit Australia and engage in anti-China separatist activities in the territory of Australia, the ministry said. The WUC led by Kadeer is believed to have masterminded the July 5 Xinjiang riots that left at least 197 people dead and 1,600 others injured
BEIJING, Aug. 29 (Xinhua) -- Industrial enterprises in 22 Chinese provinces, regions and municipalities generated 1.11 trillion yuan (163 billion U.S. dollars) of profit in the first seven months, down 17.3 percent from the same period last year, according to the latest official figures. The decline is 3.8 percentage points lower than that in the first six months, the National Bureau of Statistics (NBS) said in a statement Friday. The revenues gathered by the industrial companies' core businesses reached 21.4 trillion yuan in the first seven months, up 0.9 percent from last year. The growth rate is 0.5 percentage points higher than that in the first six months. Of the 39 industrial sectors, 14 achieved a rebound in profit growth, nine recorded a slow-down in profit declines and four turned slumping profit to rebounding profit. The 22 regions refer to China's provinces, regions and municipalities minus Beijing, Inner Mongolia Autonomous Region, Hunan, Guangdong, Anhui, Hainan, Chongqing, Yunnan and Tibet Autonomous Region. The NBS used to publicize national industrial profit every two months, but began to issue the information monthly to improve monitoring frequency on economy this year. Only 22 provinces, regions or municipalities now provide monthly industrial profit data.
FUZHOU/TAIPEI/HANGZHOU, Aug. 7 (Xinhua) -- A fishing boat capsized at about 10 p.m. off the coast of southern island province of Hainan as the tropical storm Goni wreak the havoc. All the 10 fishermen fall into the water and only one managed to swim to the beach. Rescers were searching for the missing. Authorities in southeast China's Fujian Province has ordered all schools and scenic spots to close before 4 p.m. Friday, as typhoon Morakot nears. Photo taken on Aug. 7, 2009, shows the flooded areas in Danzhou, south China's Hainan Province. Strong rainstorms brought by the tropical storm Goni caused great disaster to the western Hainan areas and the villagers suffered a heavy loss The Fujian provincial flood control and drought relief headquarters said Friday that about 34,000 vessels had been recalled to port and 21,190 people in the cities of Ningde, Putian, Fuzhou and Quanzhou had been relocated to safe areas. The headquarters has entrusted the education bureau to notify schools in the four cities to stop all activities, and make sure all teachers and students leave safely. Residents living on the sea are evacuated to the safe place in Ningde City, southeast China's Fujian Province, on Aug. 7, 2009. Authorities in Fujian Province have ordered all schools and scenic spots to close before 4 p.m. Friday, as typhoon Morakot nears. The provincial flood control and drought relief headquarters said Friday that about 34,000 vessels had been recalled to port and 21,190 people in the cities of Ningde, Putian, Fuzhou and Quanzhou had been relocated to safe areas. Waves as high as six meters were already hitting the coastal area on Friday, and the provincial meteorological observatory said they could reach up to nine meters as the typhoon came closer. According to China National Meteorological Center, Morakot, the eighth typhoon to affect China's mainland, was 180 km southeast of Keelung, Members of the Fujian border police hand over the supplies to crew members of a ship from Taiwan at Shacheng port in Ningde of southeast China's Fujian Province, Aug. 7, 2009. Led by a ship sent by the Fujian border police, two ships from Taiwan arrived at a port in Ningde safely on Friday as typhoon Morakot nears
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