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BEIJING, Feb. 8 (Xinhua) -- China's state assets watchdog will closely watch over projects implemented by state-owned enterprises(SOEs) in the country's massive stimulus package to prevent corruption, an official said here Sunday.     The State-owned Assets Supervision and Management Commission (SASAC) will strictly look into the progress and fund use of projects by SOEs directly under the central government, said the SASAC director Li Rongrong.     Many projects are estimated to see over tens of millions of yuan put in, making it a more important task to fend off corruption, he said at an SOE meeting on disciplinary inspection work.     China unveiled a stimulus package with a total investment of 4 trillion yuan (586 billion U.S. dollars) in November to boost domestic demand and offset the world economic slowdown.     Of the total, 100 billion yuan had been allocated by the central government by the end of last year.     Li said inspectors will particularly focus on projects in such sectors as power grids, telecommunications, transportation, equipment, construction and metallurgy.     The SASAC will also check whether the projects cause environmental hazards, consume too much energy and resources or result in excessive capacity, said Li.     A total of 4,960 Chinese officials above the county level were punished in a year ending November 2008, data show. They were involved in corruption and commercial bribes, hurting people's interests.

BEIJING, April 13 (Xinhua) -- China's Ministry of Finance (MOF) said Monday that fiscal revenue fell 0.3 percent from a year earlier to 440.22 billion yuan (64.43 billion U.S. dollars) in March.     First-quarter fiscal revenue fell 8.3 percent to 1.46 trillion yuan, the ministry said on its website, while tax revenue shrank 10.3 percent to 1.3 trillion yuan.     Fiscal revenue includes taxes as well as administrative fees and other government income, such as fines and income from government-owned assets.     Business profits shrank as economic growth slowed, the MOF said, and tax cuts intended to spur the economy and the financial markets reduced government revenues. First-quarter business income tax revenue fell 16.7 percent.     China halved the purchase tax on cars with engine displacements of less than 1.6 liters on Jan. 20, and revenue from that tax was down 7.6 percent in the first quarter.     To shore up the stock market, the government cut the share trading stamp tax from 0.3 percent to 0.1 percent last April and scrapped the stamp tax on stock purchases in September. And even though the benchmark Shanghai Composite Index is up more than 35 percent so far this year, the tax cuts on share transactions meant a decline of 86.2 percent in revenue from that category in the first quarter.     Actual revenue amounts in each category were not released.     Customs tariff revenue fell 23.9 percent during the first quarter, the MOF said, without giving further details.     Central government fiscal revenue fell 17.7 percent in the first quarter to 721.3 billion yuan, while local government fiscal revenue rose 3 percent to 742.9 billion yuan.     First-quarter fiscal expenditures surged 34.8 percent to 1.28 trillion yuan, as both the central and local governments adopted a proactive fiscal stance to boost the economy and domestic demand.     China unveiled a 4-trillion-yuan stimulus package in November to be spent over in next two years, with 1.18 trillion yuan from the central government.     Fiscal revenue exceeded 6.13 trillion yuan in 2008, up 19.5 percent.

PARIS, Feb. 25 (Xinhua) -- Two controversial ancient Chinese relics were auctioned off on Wednesday night for 14 million euros (17.92 million U.S. dollars) each by anonymous telephone bidders in Christie's sale of the collection of Yves Saint Laurent and Pierre Berge in the Grand Palace of Paris.     According to Christie's, they have received 8 phone calls for "enquiries" before the sale. After the auction was launched, the competition was only conducted between telephone bidders, with no one in the scene raised for a bid. The bronze sculpture of a rabbit's head, which is an ancient Chinese relic, is auctioned in the Grand Palace of Paris in Paris, France, Feb. 25, 2009. Two controversial ancient Chinese relics including the bronze sculptures of a rat's head and a rabbit's head, were auctioned off on Wednesday night for 14 million euros each by anonymous telephone bidders in Christies's sale of the collection of Yves Saint Laurant and Pierre Berge in Paris. The sculptures were looted by invading Anglo-French expedition army in the 19th century, when the invaders burned down the royal garden of Yuanmingyuan in BeijingChristie's refused to disclose who were the bidders at a press conference afterward.     The bronze sculptures, a rat's head and a rabbit's head, were looted by invading Anglo-French expedition army in the 19th century, when the invaders burned down the royal garden of Yuanmingyuan in Beijing.     Li Huan, a Chinese student in France told Xinhua that the two bronzes are news for the French, but history for the Chinese. Earlier this night, some Chinese students in France voluntarily went to the Grand Palace, distributing sheets introducing the history of Yuanmingyuan and the Second Opium War in 1860.The bronze sculpture of a rat's head, which is an ancient Chinese relic, is auctioned in the Grand Palace of Paris in Paris, France, Feb. 25, 2009. Two controversial ancient Chinese relics including the bronze sculptures of a rat's head and a rabbit's head, were auctioned off on Wednesday night for 14 million euros each by anonymous telephone bidders in Christies's sale of the collection of Yves Saint Laurant and Pierre Berge in Paris. The sculptures were looted by invading Anglo-French expedition army in the 19th century, when the invaders burned down the royal garden of Yuanmingyuan in Beijing."They should know more about the history. Although we failed in the lawsuit, justice will not fail," said Li.     The Tribunal de Grande Instance in Paris ruled against stopping the sale of the two bronzes on Monday, and the Association for the protection of Chinese Art in Europe (APACE) was ordered to pay compensation to the defendant.     Ren Xiaohong, a lawyer for APACE, told Xinhua that it was "of great significance" to file the lawsuit. "We hope to arouse public attention in Europe on the fate of numerous Chinese works stolen in the past, to help keep those relics well protected and collected," Ren said.     "My heart sank when the court refused our appeal," said Bernard Gomez, president of APACE, adding that "I hope the bidders are Chinese, I hope the two relics could go home eventually."     Bernard Brizay, French historian and journalist, as well as the author of "1860: the Looting of the Summer Palace" told Xinhua after the two bronzes were sold that he could understand the Chinese feelings towards the two relics. He said, "the two bronzes should be returned to China, no matter who got the bids."     Brizay also scorned on the offer by Pierre Berge, Yves Saint Laurent's partner. He used five "stupid" on Berge's words. "Combining the two relics with human rights and Tibet issues has no difference with blackmailing for ransom," he said.     The Chinese government formally called on Tuesday for the cancellation of the auction of the two bronzes. "The State Administration of Cultural Heritage has formally informed the auctioneer of our strong opposition to the auction, and clearly demanded its cancellation," said Ma Chaoxu, Chinese Foreign Ministry spokesman in a press conference.     "Using the pretext of human rights to infringe on the Chinese people's fundamental cultural rights is just ridiculous," Ma said.     The two bronze sculptures are part of the art collection of the late fashion designer Yves Saint Laurent. So far, five of the 12 bronze animal fountainheads have been returned to China, while the whereabouts of five others are unknown. A photographer takes a picture of the Chinese bronze rat head and rabbit head sculptures displayed on the preview of the auction of Yves Saint Laurent and Pierre Berge's art collection at the Grand Palais in Paris, France, Feb. 21, 2009

BEIJING, March 2 (Xinhua) -- The Communist Party of China Central Commission for Discipline Inspection (CCDI) has held a meeting here Monday, urging its officials to incorporate the Scientific Outlook on Development into their thoughts and behaviors.     During a meeting that summarized the study of the Scientific Outlook on Development for the commission, officials were told to "fully realize" the current situation of the country's economic development and "match their thoughts and behaviors with the central government's policies on promoting the scientific development".     The commission urged the officials to carefully monitor the implementation of the central government's policies on stimulating domestic demand and solve the issues that harm people's interests.     The commission stressed the supervision of officials' ruling behaviors and vowed to prevent corruption from spreading in the government organizations.     He Guoqiang, secretary of the CCDI and also member of the Standing Committee of the CPC Central Committee's Political Bureau, attended the meeting.