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BEIJING, April 28 (Xinhua) -- China's human resource official said Wednesday the country will step up efforts to improve social services for migrant rural workers in a report on protecting migrant rural workers' interests.In a report to the Standing Committee of the National People' s Congress, Yang Zhiming, vice minister of the Ministry of Human Resources and Social Security, said relevant efforts will be listed in the next five-year plan,Yang said the ministry will increase the coverage of labor contract for migrant rural workers, improve their working conditions and realize the portability of old-age insurance for them.Yang said in the report that currently, many migrant rural workers still face difficulty in getting payment in time, signing labor contracts with their employers, and suffer from poor working conditions.The report also noted progress in protecting the rights and interests of migrant rural workers, such as more legal assistance to migrant rural workers.According to the National Bureau of Statistics, the number of farmers who worked away from their farmland for over six months reached 229.78 million in the year 2009.
BEIJING, April 12 -- As the country begins to phase out obsolete production methods in an economic restructuring drive, industries with overcapacity are likely to face even tougher financing terms this year.In response to the government call to curb excessive capacity, the banking regulator earlier this year asked lenders to maintain strict controls on loans flowing into industries including steel, cement, plate glass, shipbuilding, electrolytic aluminum, the chemical processing of coal and polysilicon.Liu Mingkang, chairman of the China Banking Regulatory Commission, said that commercial lenders should readjust their credit structures to support the country's industrial upgrading and restructuring drive."Loans to industries with overcapacity were growing at a significantly lower pace last year compared with that of the overall credit expansion," he said. Given that the country was considering an exit from the loose monetary policy implemented to counter the financial crisis last year, analysts said credit avenues for industries listed on the government "blacklist" were set to be limited. The Chinese government is targeted to give out 7.5 trillion yuan in new loans this year, lower than the record 9.59 trillion yuan lent in 2009.Indeed, industries with excessive capacity have not benefited from the lending binge last year, as commercial lenders' loans to such industries continued to drop. China Construction Bank (CCB), the nation's second largest lender, said its loans to industries with overcapacity accounted for 12.8 percent of the bank's total outstanding loans as of the end of last year, down from 15.7 percent a year earlier."We've decided to gradually exit from lending to industries with excessive capacity, and will only support leading enterprises in these industries and projects approved by the government," said CCB Vice-President Chen Zuofu.Bank of China, the most aggressive in pushing out credit among Chinese lenders last year, said outstanding loans for overcapacity industries declined to 219 billion yuan as of the end of last year, and account for 7 percent of the bank's total corporate loans.
BEIJING, May 7 (Xinhua) -- China's policy of actively attracting foreign investment will not change, said vice minister of commerce Ma Xiuhong Friday.The Ministry of Commerce will keep working to maintain a good investment environment for foreign companies, said Ma during a discussion with multinational firms."The ministry will strengthen its communication with multinational corporations and foreign enterprises," she said.China could provide new opportunities for foreign investors as the country is in a process of modernization, urbanization and transformation of its economic development pattern, said Ma.She hoped that while achieving their own development goals, foreign enterprises could play a larger role in China's pursuit of scientific innovation, industrial upgrading, and more balanced regional economic development.Representatives from 64 multinational corporations and four foreign chambers of commerce participated in the discussion. They were joined by officials from a number of Chinese government departments, including the Ministry of Finance and Ministry of Industry and Information.Foreign direct investment to China increased 7.7 percent year on year to 23.44 billion U.S. dollars in the first quarter.
BEIJING, June 3 (Xinhua) -- Chinese Premier Wen Jiabao's four-nation Asia tour, which took him to South Korea, Japan, Mongolia and Myanmar and a tripartite summit of China, South Korea and Japan, was fruitful and widely applauded, Chinese Foreign Minister Yang Jiechi said Thursday.The week-long tour was conducted against the backdrop that China needs to strengthen mutual trust and further deepen cooperation with the four countries while certain complex and sensitive issues in the region needed to be properly handled, Yang told reporters.The premier made the visits with confidence and hope for peace, friendship and cooperation, he said.POLITICAL MUTUAL TRUST PROMOTEDChinese Premier Wen Jiabao speaks during the third trilateral summit in South Korea's southern resort island of Jeju on May 29, 2010. Chinese Premier Wen Jiabao, South Korean President Lee Myung-bak and Japanese Prime Minister Yukio Hatoyama met in the trilateral summit with the aim of mapping out future cooperation in East Asia. During his visits, Premier Wen repeatedly emphasized the importance of mutual trust in relations and cooperation between nations, and expounded China's position on its peaceful development, its friendly policies toward neighboring countries, and its notion of building a harmonious world.Wen also stressed that China would never seek hegemony and that China's development poses no threat to any other countries, Yang said.Leaders of the four nations said they attached great importance to China's role. They believed that China's development is critical for peace and prosperity of the region and the world at large. They expressed their willingness to keep high-level exchanges with China and to strengthen communication and coordination on major issues.Wen and South Korean leaders agreed that both China and South Korea are important countries in East Asia and have broad common interests, and that the two countries should continue to push forward the bilateral strategic cooperative partnership.In Japan, Wen pointed out that China sees Japan as a strategic partner, not a competitor or a rival. He said the two neighbors should view each other as partners so as to have peaceful coexistence, long-lasting friendship and common development.In Mongolia, Wen stressed that the development of good-neighborly partnership of mutual trust between China and Mongolia serves the fundamental interests of the two peoples and contributes to peace, stability and common development in the region. The Mongolian side reiterated its firm adherence to the one-China policy and strong support to China on the questions of Taiwan and Tibet.In Myanmar, Wen said China respects the Myanmar government and people for their choice of a development path in line with this country's conditions, and wishes Myanmar stability, unity and development. He said China would like to join hands with Myanmar to push forward the development of a good-neighborly cooperative relationship.
SHANGHAI, May 12 (Xinhua) -- Chinese people at the Shanghai Expo Wednesday took time to remember the devastating earthquake that hit southwest China's Sichuan Province two years ago to the day.Among the event's international community, people from Chile and Haiti also reflected on the earthquake tolls in their own countries.QUAKE-PROOF BUILDINGSIn the Broad Pavilion, a long line of silent visitors waited to enter a 20-square-meter quake-proof house where an 8-magnitude earthquake was being simulated.The strength of the simulation was the same as the tremor that left more than 80,000 people dead or missing in Sichuan.Broad Company, a major air-conditioner maker in China, was trying to reproduce the destructive power with a shaking and thunderous noise that seemed to rock the small house seemed close to destruction."I feel great sympathy for the victims. My grief goes beyond words, and I can only pray that all people live in happiness, peace and health," said a monk from Gemeng Temple, Sichuan.At 2:28 p.m., exactly the time the quake hit two years ago, all the people in the pavilion held a tribute. Commemorative poems were recited, describing the losses of family members, clearly moving many visitors.Li Bin, deputy head of devastated Beichuan County, who was present, recalled, "Two years ago, buried under the debris, I was filled with fear of death and hope for life. Today, standing in the pavilion of a great Expo, all sorts of feelings well up in my mind."Technological solutions to withstand earthquakes were also on display. Two years of research by Broad Company had resulted in a pavilion, which was propped up by light steel pillars above the ground.FROM SICHUAN TO QINGHAIYi Yang, deputy director of the Sichuan Pavilion, rose early Wednesday so that he could arrive before the crowds.Yi and representatives from Sichuan had prepared gifts for visitors to commemorate the quake and show gratitude for the help they had received.With the arrival of visitors, seven girls of the Qiang ethnic minority sang folk songs and showed their needlework skills."The phoenix in our embroidery and the flower mentioned in our song carry the message of good luck and happiness. We want to give them to Expo visitors and all the people who helped us," said performer Yechu Nambar.A member of the Qiang ethnic minority, Yechu Nambar is a native of Maoxian County of Aba Tibetan and Qiang Autonomous Prefecture. Her hometown was one of the areas hit hardest by the earthquake.People from all walks of life and resources from around the country were sent to assist the Qiang and save their endangered folk culture."Today we can express our most sincere and heartfelt gratitude to all the people who helped us," she said.Elements featuring the earthquake are noticeable at the Sichuan Pavilion. A digital screen depicts the relief operation and reconstruction.