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HEFEI, Sept. 4 (Xinhua) -- China's top 500 enterprises reported smaller revenue gaps with their U.S. counterparts, while outperforming their worldwide competitors in profitability amid the nation's rapid economic recovery, an industrial ranking report showed Saturday.China's top 500 enterprises chalked up 4.05 trillion U.S. dollars in operating revenues last year, equivalent to about 18 percent of the operating revenue total created by the world's top 500 companies in the same year, and the ratio was 2.62 percentage points lower than the figure recorded for the year earlier, according to a report released Saturday in Hefei, capital of east China's Anhui Province, by the China Enterprise Confederation (CEC) and China Enterprise Directors Association.The average profit margin of China's top 500 enterprises was 5.44 percent in 2009, compared with 4.16 percent for the world's top 500 companies.Further, the net profits of the Chinese heavyweights grew by more than 20 percent last year, faster than the 17 percent for the world's top 500. It was the second consecutive year that Chinese enterprises outshone theirforeign counterparts in annual profits.Miao Rong, researcher with CEC, said despite the progress, China's top 500 enterprises obviously suffered from the impact of the global financial crisis as they reported slower growth in new employment and business revenues.However, unlike the world's top 500 companies, most of which are service and high tech giants, a lion's share of China's top 500 businesses are traditional industrial enterprises in the fields of energy development, telecommunications and power generation, Miao noted."It is a tough job, in the short-term, to make Chinese corporations catch up with their foreign counterparts in terms of 'soft power' , such as the capability of resource integration, management expertise, brand building and intellectual property protection," he added.Sinopec, Asia's leading refinery, topped the top 500 revenue list for the fifth consecutive year with 1.39 trillion yuan (about 204.41 billion U.S. dollars) in 2009. It was followed by the State Grid and PetroChina.Also, private businesses were growing rapidly as five companies reported operating revenues exceeding 100 billion yuan. Huawei Technology Co Ltd, a telecommunication equipment producer, recently leaped into the world's top 500 enterprises club.

PYONGYANG, Oct. 24 (Xinhua) -- The government of the Democratic People's Republic of Korea (DPRK) held a grand banquet here on Sunday to mark the 60th anniversary of the entry of the Chinese People's Volunteers (CPV) into the Korean front.Premier Choe Yong Rim of the DPRK's cabinet and Vice Chairman Guo Boxiong of China's Central Military Commission joined CPV veterans and hundreds of others on the occasion on the eve of the Monday anniversary.The CPV fought alongside Korean army and people during the war, helped the DPRK win liberation, and defended regional and global peace, said Yang Hyong Sop, vice-president of the Presidium of the DPRK Supreme People's Assembly.He conveyed, on behalf of his country, warm greetings to CPV veterans as well as the Chinese army and people, adding that the DPRK is committed to enhancing its traditional friendship with China and passing it from generation to generation.In his address, Chinese ambassador Liu Hongcai recalled the profound friendship forged on the battlefields between the two peoples and two armies, saying their heroic feats contributed to upholding justice and opposing power politics, and their victory belongs to all peace-loving people across the world.China will always remember all those who had given their lives for peace and make concerted efforts with the DPRK to promote regional and global peace and development, he added.Before the banquet, Chinese delegates watched an adapted Chinese opera masterpiece performed by DPRK artists.

BEIJING, Oct. 15 (Xinhua) -- Northeast China's Jilin province, one of the country's major grain production centers, is poised to see a bumper harvest this year despite low temperatures and devastating floods and as concerns about food security increase on the eve of World Food Day on Oct. 16.Grain production is expected to hit a record 29.5 million tonnes in Jilin this year, surpassing the previous high of 28.4 million tonnes in 2008, said Wang Shouchen, vice governor of the province.Meanwhile, Heilongjiang province, the country's largest grain production center in northeast China, may also produce a record output this year, surpassing last year's 43.53 million tonnes.China's annual grain production has grown for six consecutive years, with total output hitting 530.8 million tonnes, up 100.1 million tonnes from 2003, but experts say more frequent natural disasters, decreasing arable land, rapid urbanization and industrialization are posing great challenges to the country's food security.Zheng Fengtian, a professor of agriculture and rural development works with the Beijing-based Renmin University of China, told Xinhua one of greatest future challenges for China's food security will be the Chinese farmer's unwillingness to produce grains because of low yields. Instead, most farmers will prefer being migrant workers in big cities. < Their interest in growing grains might becomes further dampened as prices of agricultural equipment and other materials continue rising. In contrast, migrant workers are receiving increasingly higher pay in the cities, Zheng said.Government figures show about 47 percent of Chinese people, or 622 million people, now live in cities and towns; almost 200 million are immigrants, or people from other parts of the country.At a forum on the urban-rural divide last month, Zuo Xuejin, Executive Vice President of the Shanghai Academy of Social Sciences, said that another 400 million people from rural China are likely to migrate to cities in the next 20 years, which means there will be fewer farmers in the fields.With China's rapid industrialization and urbanization, a decline in available farming land is inevitable, and poses a large threat for China's food security, Zheng Fengtian said.A survey by the Ministry of Land and Resources shows that farm lands have shrunk by 123 million mu (8.2 million hectares) between 1997 and 2009.The Chinese government announced in 2003 that it would put in place a strict system to protect arable land, and guaranteed that a minimum 1.8-billion mu of arable land would be available. But official figures reveal arable land totaled only 1.635 billion mu last year, down by 191 million mu from 2008.Zheng Fengtian said to ensure food security, the government should show more determination in protecting farm land. But more importantly, it should also increase profit yields for grain growers, and by facilitating technological advances, also help to raise the grain yield per unit of arable land.World Food Day, initiated in 1981 by the Food and Agriculture Organization of the United Nations (FAO), is celebrated every year on Oct. 16. The theme this year is United against Hunger.In part due to soaring food prices and the financial crisis in 2009, one billion people around the world are suffering from hunger, which FAO Director-General Jacques Diouf said was a "tragic achievement in these modern days," according to a statement on the FAO website.While some people are starving, the quantity of food that gets wasted stands in stark contrast. Zheng Tianfeng estimated that about 85 million tonnes of grain were wasted in China during consumption and storage. Also, at least 10 percent of food is wasted daily at family dinner tables.A survey by food authorities in 2006 also showed 8-10 percent of the grain was lost in storage, which means that Chinese farmers can lose up to 20 million tonnes of grain each year.In order to help farmers better store their produce, some "grain banks" had been set up in the past. Farmers could deposit their produce in the "banks" and withdraw them when needed.Wu Mancang, a 34-year-old farmer from Taicang city in eastern Jiangsu province, said he used to store grain at his home, but the grain would become spoiled. With the grain "banks", that problem has been resolved. A total of 8 such "banks" with 23 service centers are currently operational in Taicang, covering 60 percent of the farmers in the region."Global warming, and more frequent natural disasters, will also be a challenge for food security," Zheng said, as summer grain output fell 0.3 percent after a prolonged drought in southwestern China in the first half of the year.China's National Development and Reform Commission, the nation' s top economic regulator, said Tuesday it would increase the state minimum purchase price of wheat in major wheat-growing areas in 2011.The minimum purchase price for white wheat will increase by 5 yuan (0.73 U.S. dollars) from the 2010 level to 95 yuan per 50 kilograms, while the price for red wheat will increase by 7 yuan to 93 yuan. The move aims to protect farmer incomes and promote grain production.

TOKYO, Oct. 5 (Xinhua) -- Japanese Foreign Minister Seiji Maehara said Tuesday that he will try hard to rebuild a "strategic, mutually beneficial relationship" with China.During a luncheon meeting at the Foreign Correspondents' Club of Japan, Maehara said he will strive to mend ties with China as foreign minister.He also welcomed the agreement between Prime Minister Naoto Kan and Chinese Premier Wen Jiabao in Belgium Monday to resume talks between high-level officials of the two countries.Earlier in the day Chief Cabinet Secretary Yoshito Sengoku expressed his hope for the improvement of Japan's relations with China."Promoting a strategic, mutually beneficial relationship and improving ties between Japan and China will be positive not only for the two countries but also for other Asian countries or countries around the world, especially for their economies," said Sengoku at a regular press conference in Tokyo.China-Japan relations have been soured recently after the Japanese Coast Guard illegally seized a Chinese fishing boat and detained the crew on Sept. 8 in waters off the Diaoyu Islands in the East China Sea.Japanese authorities insisted on performing a so-called domestic judicial procedure against the crew despite strong protests from the Chinese government and public. The crew and the boat were released later.

BEIJING, Sept. 19 (Xinhua) -- Chinese Vice Foreign Minister Wang Guangya made solemn representations to Japanese ambassador to China Uichiro Niwa on Sunday evening to express strong indignation and protest against Japan's prolonged detention of a Chinese skipper."The incident created by the Japanese side has severely damaged China-Japan relations," said Wang, stressing how the situation develops completely depends on what choices the Japanese side will make.The Japanese authorities on Sunday afternoon extended the detention of the captain to Sept. 29.Two Japan Coast Guard patrol ships and the Chinese fishing boat collided in waters off the Diaoyu Islands on Sept. 7. The Japanese side illegally seized the Chinese trawler and fishermen, and continued to illegally hold the Chinese captain despite firm protests by the Chinese side.Wang warned China will take strong counter measures if the Japanese side fails to release the Chinese captain immediately and unconditionally."Japan shall bear all the consequences that arise," he noted.Sources with the Foreign Ministry said earlier Sunday China had already suspended bilateral exchanges at and above the provincial or ministerial levels, halted contact with Japan on the issues of increasing civil flights and expanding aviation rights between the two countries.A bilateral meeting on coal has also been postponed.In the mean time, the number of Chinese citizens traveling to Japan as tourists has already declined.

来源：资阳报