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NANCHANG, April 29 (Xinhua) -- Chinese Ministry of Commerce released regulations concerning foreign investment in China's central region here Thursday.The region - which includes the provinces of Shanxi, Anhui, Jiangxi, Henan, Hubei and Hunan - should attract high-end green industry with policy incentives and guidance, the regulations say.It should give priority to manufacturing while eyeing investment in other sectors like agriculture, sophisticated processing industries, trade, finance, education, culture, tourism and leasing.The region should nurture business-friendly policies and slash transaction costs to attract businesses considering moving inland from the coastal regions.The rules call for rectifying any practices that disrupt business operation, including authorities' arbitrary law enforcement.The rules also urged a market-oriented administration system consistent with international rules.The ministry also pledged to establish state-level industrial transfer demonstration zones and to improve provincial industrial parks.
WELLINGTON, May 17 (Xinhua) -- Visiting General Guo Boxiong, vice-chairman of China's Central Military Commission, met Monday here with New Zealand Prime Minister John Key, and both sides pledged further efforts to promote military cooperation.Although China and New Zealand are far apart geographically, the two countries have been very friendly to each other, Guo said.Bilateral ties have developed rapidly with frequent high-level visits, enhanced cultural and humanitarian exchanges, and closer economic cooperation, Guo said.He also hailed the increase of two-way trade volume between China and New Zealand in the wake of the global financial crisis, and said that New Zealand was the first Western country to sign a free trade agreement with China.In recent years, the two countries have been developing their military-to-military relations in an active manner under the principles of mutual respect, mutual trust, equality and mutual benefit, said Guo, adding that exchanges were also held in such areas as group visits, negotiations and talks, as well as personnel training.

BEIJING, May 13 -- The proportion of China's GDP that goes toward wages has been shrinking for 22 consecutive years, a senior trade union official said on Wednesday.Zhang Jianguo, chief of the collective contracts department with the All-China Federation of Trade Unions (ACFTU), also warned that low pay, long working hours and poor working conditions for millions of workers are triggering conflicts and mass incidents, which pose a grave challenge to social stability.The proportion of the country's GDP that makes up wages and salaries peaked at 56.5 percent in 1983 and dropped to 36.7 percent in 2005, Zhang said."The proportion has not changed too much since then. In contrast, the proportion of returns on capital in GDP had risen by 20 percent during the period from 1978 to 2005," Zhang said in an interview posted on the ACFTU's website.The annual average wages of workers in urban areas had increased from 12,422 yuan (,819) in 2002 to 29,229 yuan in 2008, statistics from the National Bureau of Statistics showed.However, the gap between the rich and poor has been widening in the country and is also growing between urban and rural areas, different provinces and cities, as well as in different industries, he said.About one-quarter of respondents in the latest ACFTU survey said their incomes have not increased in the past five years, while 75.2 percent of them said that current income distribution is not fair. Similarly, 61 percent of those polled said the wages of laborers were low.China developed a capital-labor negotiation system for determining wages in 1994 and it was thought to be the most effective way of increasing workers' salaries.However, "since many cadres of trade unions fail to adequately protect workers' rights, it is very difficult to promote more collective contracts to benefit more workers", Zhang said.By 2009, there were more than 1.2 million collective contracts nationwide, covering more than 2.1 million enterprises and 161 million employees.
BEIJING, April 2 (Xinhua) -- China needs to expand the Renminbi, or yuan, cross-border settlement efforts when conditions allow, the People's Bank of China (PBOC) said Friday."It is necessary for China to seek appropriate timing to expand the cross-border yuan settlement to more cities, enterprises and overseas pilot areas," said an international financial market report released on the central bank's website Friday.But the report did not detail the conditions for appropriate timing.The foreign trade volume settled in yuan is still small compared with China's total foreign trade volume, said the report, without specifying figures.Official figures from China's General Administration of Customs showed that the country's exports in 2009 stood at 1.2 trillion U.S. dollars, down 16 percent from 2008.China's State Council, or Cabinet, announced in April 2009 a pilot program to allow exporters and importers in five cities -- Shanghai, Guangzhou, Shenzhen, Zhuhai and Dongguan -- to settle cross-border trade deals in yuan.The latter four cities are all in south China's Guangdong Province.The Bank of China (BOC), China's largest foreign exchange bank, announced on July 6 last year that its Shanghai branch had received the first cross-border yuan trade settlement deal from the BOC (Hong Kong).The government is considering enlarging the scope of cross-border yuan settlement from commodity trade into service trade, said the report.Yuan settlement was in accordance with the market demand, said Cao Honghui, a researcher with the Chinese Academy of Social Sciences, but increasing the yuan's global acceptance would be decided by factors such as the country's economic development and the financial system development.
YUSHU, Qinghai, April 16 (Xinhua) -- The death toll from a 7.1-magnitude earthquake in northwest China's Qinghai Province has risen to 760, rescuers said Friday.The latest statistics show that 243 people were missing and 11,477 injured, 1,174 severely, said a spokesman with the rescue headquarters in in the Tibetan Autonomous Prefecture of Yushu in southern Qinghai.A total of 4,200 injured people have been discharged from hospital, he added.Rescuers search for survivors at a collapsed building in Gyegu Town of Tibetan Autonomous Prefecture of Yushu, northwest China's Qinghai Province, April 15, 2010. Thousands of rescuers fought altitude sickness, chilly weather, strong winds and frequent aftershocks Thursday to dig through rubble and reach survivors of a strong earthquake that has left 760 dead in northwest China. At least 7,093 rescuers were carrying out search and rescue operation in the Gyegu Town, the seat of the Yushu prefecture government, according to previous statements from the headquarters.More rescuers were en route to the town that is close to the epicenter and home to 100,000 residentsThe quake struck the Yushu County in the Yushu prefecture at 7:49 a.m. Wednesday with a depth of about 33 km. The epicenter was calculated to be 33.1 north and 96.7 east, the China Earthquake Networks Center reported.A series of aftershocks have been reported so far, with the biggest being at 6.3 magnitude.The epicenter is at the Rima Village in the Shanglaxiu Township, a pasturing and sparsely-populated area about 50 km west of Gyegu and about 800 km away from the provincial capital Xining.Many people are still buried in the debris as more than 85 percent of houses in Gyegu, mostly made of mudbrick and wood, had collapsed.
来源:资阳报