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NEW YORK, Oct. 28 (Xinhua) -- For Lin Xuewen, secretary-general of United Chinese Associations of Eastern U.S., "incredible" is the best word to describe his experiences at the Shanghai World Expo."It was incredible to see the video played in the multimedia exhibition of the China Pavilion about China's vast migration from rural to urban areas over the past 30 years. I felt so overwhelmed by the incredible changes as if I was riding a time machine. Truly amazing," recalled Lin.Lin has been living in New York for more than three decades. He went to China to attend the Shanghai Expo in May. He said the rapid urban development in Shanghai was "incredible.""Look at the skyscrapers along the streets and skyline at night. It is even better than the New York City night view," he said.The biennial Expo opened on May 1 in Shanghai for a six-month run under the theme of "Better City, Better Life," with some 190 countries and 50 international organizations participating.The number of visitors to the Shanghai World Expo has exceeded 70 million, breaking the previous record set during the 1970 Osaka World Expo in Japan, which attracted 64 million people.The China Pavilion, named "The Crown of the East," has become increasingly popular since the opening of the World Expo, with a daily average of 50,000 visitors.
BEIJING, Nov. 8 (Xinhua) -- Chinese stocks rose for a third straight trading day Monday with the benchmark Shanghai Composite Index closing up 0.96 percent, or 30.01 points, at 3,159.51.The Shenzhen Component Index gained 0.54 percent, or 73.94 points, to finish at 13,807.3.Combined turnover declined to 453.1 billion yuan (68 billion U.S. dollars) from 459.17 billion yuan the previous trading day.Gainers outnumbered losers 743 to 132 in Shanghai and 950 to 140 in Shenzhen.Agricultural shares led the gains with a 5.39 percent rise amid increased inflation expectations and surging farm product prices.Some economists believe China's consumer price index (CPI), the main gauge of inflation, jumped 4 percent year on year in October.Yasheng Industrial Group, Yongan Forestry Group and Fengle Seed Company all rose by the daily limit of 10 percent, ending at 6.47 yuan, 12.84 yuan and 20.77 yuan, respectively.Local stocks in Shanghai continued their surge after Walt Disney Co. inked a deal Friday for its long-awaited theme park in the city.Shanghai Lujiazui Finance and Trade Zone Development Co., Ltd rose 4.8 percent to 22.7 yuan while Shanghai Pudong Road and Bridge Construction Co. Ltd. gained 3.08 percent to finish at 20.43 yuan.Yu Wei, an analyst at Shiji Investment, said more "hot money" will flow into Chinese capital markets because of the U.S. Federal Reserve's second round of quantitative easing, QE2."As the government works on controlling inflation and the property market, the A-share market will be the most attractive place for 'hot money' inflows," he said.

BEIJING, Sept. 12 (Xinhua) -- Justin Yifu Lin, Chief Economist and Senior Vice President of the World Bank, said here on Sunday that China's economy is doing well.Speaking at a forum with two Nobel Prize winning economists in Beijing, Lin praised China's economic policies as "visionary" while the three economists talked about the challenges ahead."We admire the Chinese economy. But GDP is not all being directed for people's happiness." Roger Myerson, a professor with the University of Chicago and a Nobel Prize winner, said.The Chinese economy needs increased labor income and welfare to continue its rapid development, Myerson added.A spate of strikes and worker suicides hit the manufacturing hub of Guangdong in south China beginning in May, as workers demanded higher pay.Lin also called for government support in encouraging Chinese companies to become industrial "first movers" . "As a first mover, you can form the pattern," he said.
BEIJING, Sept. 28 (Xinhua) -- Chinese Vice Premier Li Keqiang said China is strengthening protection of intellectual property rights and making efforts to create a good investment environment for foreign companies.Li made the remarks when meeting with Chairman of Microsoft Corporation Bill Gates in Beijing on Monday.He said China is speeding up the transformation of its economic development pattern and endeavoring to upgrade the quality and efficiency of its economic growth.The Chinese government attaches importance to the role of information technology in altering traditional industries and improving people's lives, he said.With nearly 400 million internet users, China is the world's biggest information products market, the vice premier said.He also said he believes Microsoft and other relevant foreign companies have bright prospects in China.Bill Gates said Microsoft and the Bill and Melinda Gates Foundation will further strengthen cooperation and exchange with Chinese companies and organizations.
VIENNA, Sept. 14 (Xinhua) -- The six-party talks is the fundamental way of solving the Korean Peninsula nuclear issue, a senior Chinese diplomat told the International Atomic Energy Agency (IAEA) directors meeting here Tuesday.From the long term perspective, the fundamental way of settling regional contradictions and disputes is through continuing to advance the six-party talks, achieving the conversion of the mechanism of armistice to peace, and finally establishing a security system of peace in Northeast Asia, said Hu Xiaodi, China' s permanent representative and ambassador to the United Nations and other international organizations in Vienna.To this end, China hopes that no matter how situation changes, parties concerned should fix their attention on the overall situation, exercise restraint, resume direct dialogues and talks at an early date, Hu said, adding all sides should make joint efforts to achieve an early resumption of the six-party talks, and continue to advance the process of denuclearization of the Korean Peninsula.Hu noted that the situation on the Korean Peninsula and in Northeast Asia is still sensitive and complex, with the six-party talks stalled.The current situation once again shows that severe lack of mutual trust among parties concerned is the root cause of both frequent tensions in northeast Asia and difficulties for the six- party talks. Under such circumstances, the only way to gradually accumulate trust and seek to properly address concerns of each side in a balanced manner is through maintaining contacts, dialogues and frank communications, Hu said.Hu said all parties should give serious thoughts on how to change the situation and put the Korean Peninsula issue back on the track of dialogue and consultation at an early date.
来源:资阳报