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BEIJING, Sept. 28 (Xinhua) -- China and the Democratic People's Republic of Korea (DPRK) held a reception in Beijing Monday to celebrate the 60th anniversary of the establishment of diplomatic ties. Addressing the event, Chen Haosu, president of the Chinese People's Association for Friendship with Foreign Countries (CPAFFC), a major non-governmental organization, said, "The friendship between the two countries had endured the test of time and changes in the world." A reception is held to celebrate the 60th anniversary of the establishment of diplomatic relations between China and the Democratic People's Republic of Korea (DPRK), in Beijing, capital of China, Sept. 28, 2009    The traditional friendship built and nurtured by leaders of former generations of both countries had been consolidated and pushed forward over the 60 years, he said.     This year also marks the Year of China-DPRK Friendship, a year-long exchange program, which injected new vitality to the friendship, he said. Li Jinhua, vice chairman of the National Committee of the Chinese People's Political Consultative Conference, and Chen Haosu (C), president of the Chinese People's Association for Friendship with Foreign Countries, toast with guests at the reception to celebrate the 60th anniversary of the establishment of diplomatic relations between China and the Democratic People's Republic of Korea (DPRK), in Beijing, capital of China, Sept. 28, 2009DPRK ambassador to China Choe Jin Su said it was a consistent policy of the government of the DPRK to consolidate and develop friendship with China.     "We will take the 60th anniversary and the Year of DPRK-China Friendship as a new starting point, and are ready to make concerted efforts with China to expand friendly cooperative ties," he said.     About a hundred delegates from various circles of the two countries, including Li Jinhua, vice chairman of the National Committee of the Chinese People's Political Consultative Conference, attended the reception.

BEIJING, Sept. 29 (Xinhua) -- The Chinese people have made unremitting efforts in the past six decades for the modernization drive and achieved great success, top political advisor Jia Qinglin said Tuesday.     Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), addressed a reception for the 60th National Day, which falls on Thursday. Photo taken on Sept. 29, 2009 shows a reception for the 60th anniversary of the founding of the People's Republic of China, held by the General Office of the Chinese People's Political Consultative Conference (CPPCC) National Committee, the United Front Work Department of the Central Committee of the Communist Party of China (CPC), Taiwan Affairs Office of the State Council, Hong Kong And Macao Affairs Office of the State Council and Overseas Chinese Affairs Office of the State Council in Beijing, capital of China. Jia Qinglin, chairman of the National Committee of the CPPCC, Chinese Vice President Xi Jinping, and Chinese Vice Premier Li Keqiang attended the receptionThe reception was jointly held by the General Office of the CPPCC National Committee, the United Front Work Department of the Communist Party of China Central Committee, the Overseas Chinese Affairs Office of the State Council, the Hong Kong and Macao Affairs Office of the State Council, and the Taiwan Affairs Office of the State Council.     Jia said the central government would continue to unswervingly support the development of Hong Kong and Macao special administrative regions. Photo taken on Sept. 29, 2009 shows a reception for the 60th anniversary of the founding of the People's Republic of China, held by the General Office of the Chinese People's Political Consultative Conference (CPPCC) National Committee, the United Front Work Department of the Central Committee of the Communist Party of China (CPC), Taiwan Affairs Office of the State Council, Hong Kong And Macao Affairs Office of the State Council and Overseas Chinese Affairs Office of the State Council in Beijing, capital of China. Jia Qinglin, chairman of the National Committee of the CPPCC, Chinese Vice President Xi Jinping, and Chinese Vice Premier Li Keqiang attended the reception.He said earnest efforts would be made to promote peace across the Taiwan Strait, seek welfare for Taiwan compatriots and achieve the revitalization of the Chinese nation.     Vice President Xi Jinping and Vice Premier Li Keqiang, together with other senior officials and more than 4,000 people from home and abroad, attended the reception.

BEIJING, Oct. 15 (Xinhua) -- The National Development and Reform Commission (NDRC) will mainly redress production overcapacity in six sectors, said Chen Bin, director of the Department of Industry of the NDRC, Thursday.     The six sectors include steel, cement, plate glass, coal-chemical industry, polycrystalline silicon and windpower equipment.     The NDRC also warns of obvious production overcapacity in sectors like electrolytic aluminum, ship manufacturing and soybean oil extraction, said Chen during an on-line interview on www.gov.cn., the website of China's central government.     He said China would fight serious overcapacity in sectors like steel industry and offer guidance for new-born industries like windpower equipment to avoid low level repetitive construction.     China has achieved preliminary progresses in fighting the global economic downturn, but the foundation for economic recovery is not stable yet and overcapacity might lead to bankruptcy, unemployment and bad bank loans if it was not checked in time, he said.

BEIJING, Aug. 6 (Xinhua) -- As typhoon Morakot gains momentum and churns toward China's mainland, provinces in coastal regions are busy bracing for its impact.     By 5 p.m. Thursday, the typhoon was located at 23.3 degrees north and 126.7 degrees east, about 780 kilometers away from Wenzhou, a major city in Zhejiang Province, meteorological authorities said. It was expected to land in the eastern Zhejiang or Fujian provinces between Saturday noon and Sunday morning. Soldiers help fishermen go to safe zone in the rain in Taizhou City, east China's Zhejiang Province, Aug. 6, 2009. It is predicted that the typhoon Morakot will land off the seashore in east China's Zhejiang Province and southeast China's Fujian Province from Saturday noon to Sunday morning.In Zhejiang province 2,076 ships had returned to harbor by 3 p.m. while passenger liner services in Wenzhou and Taizhou cities were suspended.     More than 900 Chinese and foreign tourists have been evacuated from from the resort Nanji Island, and measures taken in scenic areas near the coast to assist tourists.     Seventeen teams comprising 138 soldiers are preparing for emergencies, and working with local officials to ascertain potentially hazardous areas. In adjacent Fujian province, nearly 8.4 million short messages had been sent to mobile phone users by 5:30 p.m., warning them to prepare for the typhoon. Soldiers help fishermen transport cases of fish in Putian City of southeast China's Fujian Province, Aug. 6, 2009. Provincial flood control and drought relief headquarters ordered fishing boats and construction vessels to seek shelter in harbors before 6 p.m. Thursday.     As of 6 p.m., more than 1,200 vessels had returned to harbors and 5,242 people had been evacuated in Fujian's Ningde, Putian and Fuzhou. Sea waves as high as six meters battered fish farms.     Weather forecasters said the most severe typhoon this year would push sea waves in the coastal areas to up to nine meters high when it approaches. Fishing vessels are seen in the Shenjiamen Port to avoid typhoon in Zhoushan City, east China's Zhejiang Province, Aug. 6, 2009Local authorities have warned the public to pay attention to weather forecasts and be aware of the rainstorms and other typhoon-related disasters.     More than 180 policemen are on duty in Quanzhou city, helping those in danger areas to evacuate.     Morakot, which strengthened into typhoon Wednesday afternoon, is also expected to whip up gales in Shanghai from Saturday to Monday. Meteorological stations in the city have cautioned relevant departments to brace for emergencies. Soldiers help fishermen strengthen rafts in Wenzhou City, east China's Zhejiang Province, Aug. 6, 2009.Experts in Guangdong Province say although the typhoon won't land there its impact could be great. Bilis, a 2006 typhoon landed in Fujian but tens of thousands of people in Guangdong were affected.     The experts considered Morakot might have a big influence in the eastern part of Guangdong, and soak the province in torrential rains.     The eighth tropical storm this year, Morakot was formed on the heels of Goni, which unleashed downpours in Guangdong destroying 732 houses.     "The two storms could influence each other," said Wang Zhenming, vice head of the Zhejiang provincial meteorological station. "As a result, the route of Morakot is not fully predictable."     He warned Morakot was likely to continue growing in strength and become a super typhoon.     China is frequently affected by tropical storms in summer. The most destructive one recently occurred in 2006, when super typhoon Saomai claimed more than 400 lives.

HONG KONG, Sept. 28 (Xinhua) -- The launch of Renminbi sovereign bonds in Hong Kong on Monday shows China's efforts to boost the international use of the yuan step by step, officials and analysts said.     The bond issue, worth only 6 billion yuan (878.5 million U.S. dollars), marked a key milestone in the internationalization of the RMB.     Hong Kong was chosen for, and will benefit from, the milestone bond sale thanks to its unique position as the international financial center providing desired cushion against the potential risks when the program was launched, analysts said.          BOOSTING INTERNATIONAL USE OF RMB     The bond issue in Hong Kong came earlier than expected, said Hu Yifan, an economist with CITIC Securities.     "The need for the RMB to go international and convertible has been growing along with the increasing importance and openness of the Chinese mainland economy and the risks arising from over- reliance on the United States dollar as the reserve currency," said Tse Kwok-leung, head of economic research of Bank of China ( Hong Kong) Limited.     China has been launching pilot RMB programs over the years, but the pace has obviously quickened since the onset of the global financial crisis. Pilot RMB programs launched in Hong Kong over the past 12 months also included yuan-denominated cross-border trade settlement and trade financing, yuan bonds issued by policy banks, commercial lenders and the branches of foreign banks, and currency swaps.     The sovereign bond issue would help "boost the international use of the RMB in a steady and orderly manner," the Chinese Ministry of Finance quoted Acting Chief Executive of the Hong Kong Special Administrative Region (HKSAR) Henry Tang as saying.     The sovereign bond sale in Hong Kong serves the purpose of water testing to "see how it is received by international investors." Hong Kong has a unique strength in that it provides the desired cushion against potential risks when the pilot programs were launched, given that the mainland capital market was yet to open up, Tse said.          BOOSTING NASCENT BOND MARKET IN HONG KONG     The bond issue ahead of the Chinese National Day showed the central government's support for Hong Kong, Vice Minister of Finance Li Yong said.     It will help Hong Kong build on its strength as an international financial center by boosting the nascent bond market in Hong Kong, Tse Kwok-leung said.     "It calls for a banking system, a stock market and a bond market, all developed, to make a developed international financial center," Tse explained.     Hong Kong has been aspiring to be the leading international financial center in the Asian time zone.     Government statistics showed that the total assets of Hong Kong's banking system and the size of its stock market were both about six times its gross domestic product, compared with a bond market equivalent to 43 percent of its gross domestic product.     Bonds issued in Hong Kong in 2008 totaled 424.4 billion HK dollars (54.4 billion U.S. dollars), with 67 percent issued by the Hong Kong Foreign Exchange Fund, which was established to defend the Hong Kong dollar peg to the U.S. dollar.     The other 33 percent were accounted for by development banks from outside Hong Kong and corporate bonds issued by local players. There were no sovereign bonds.     Tse said the bond issue will also help improve the liquidity of, and diversify, the local bond market. It will also improve the operation of the RMB bond market in Hong Kong by helping find the benchmark interest rate in the local market.     Tse said the demand for sovereign bonds issued by an economy as strong as the Chinese mainland was huge, given the impact of the global financial crisis on the corporate bond market.     Vice Minister of Finance Li Yong also said he believed the bonds will be well received.     "I believe the RMB sovereign bonds will prove popular with investors looking for safe and prudent investments. I definitely think it will be successful," Li said.

来源：资阳报