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VICTORIA, Nov. 12 (Xinhua) -- At the invitation of Seychellois President James Alix Michel and Speaker of the country's National Assembly Patrick Herminie, Chinese top legislator Wu Bangguo arrived here Wednesday afternoon to begin an official visit to the country on the final leg of his five-nation African tour. In a written statement released at the airport upon his arrival, Wu, chairman of the Standing Committee of China's National People's Congress, highlighted the rapid development of the China-Seychelles relations in the past 32 years since the two nations forged the diplomatic relations, noting that the bilateral cooperation between the two nations have brought concrete benefit to the two peoples. Wu Bangguo (L), chairman of the Standing Committee of China's National People's Congress(NPC), the country's top legislature, is greeted by James Alix Michel, president of the Republic of Seychelles, upon his arrival in Victoria, capital of the Indian Ocean archipelago, Nov. 12, 2008"I expect to meet with President Michel and Speaker Herminie to exchange views on issues of common concern," Wu said in the statement, calling on the two sides to develop "new ways and new approches" to expand cooperation so as to boost the ties between the two nations to a higher level. Wu arrived here after he concluded his official visit to Madagascar. In addition to Madagascar, his Africa tour had already taken him to Algeria, Gabon and Ethiopia.
BEIJING, Nov. 26 (Xinhua) -- China's State Council, or the Cabinet, said on Wednesday that more efforts would be made to encourage enterprises to upgrade technology and engage in independent innovation. It also said there would be policies to promote merger and acquisition among enterprises. The policies were clinched at an executive meeting of the State Council, presided over by Premier Wen Jiabao. The meeting was held to discuss measures to address difficulties faced by enterprises and promote economic growth and deliberate plans to reform finished oil pricing mechanism and fuel taxes and fees. According to the meeting, plans would be drawn up to help some key industries, including steel, auto, ship manufacturing, petrochemical, light industry, textile, nonferrous metals, equipment manufacturing and information technology. The meeting urged banks to increase credit supply to help small and medium enterprises overcome difficulties. To offset adverse global economic conditions, the State Council on Nov. 9 has announced a 4 trillion yuan (585.7 billion U.S. dollars) stimulus package to boost domestic demand. This will be combined with other boosting measures, such as loosening credit conditions and cutting taxes. The huge amount of money will be spent over the next two years to finance programs in 10 major areas, such as low-income housing, rural infrastructure, water, electricity, transportation, the environment, technological innovation and rebuilding after several disasters, most notably the May 12 earthquake. The State Council also discussed the reform plans of finished oil pricing mechanism and fuel tax and fees at the meeting. It decided to make public the two draft reform plans to solicit public advice. According to the National Development and Reform Commission, the government has been studying a fuel tax to replace the current road tolls imposed upon vehicles. The long-awaited fuel tax and fee reform was first proposed in 1994. The State Council meeting also reached decisions to increase the storage of key materials and resources, accelerate development of the service industry and enhance measures to promote employment and social security. More education and job training would be provided among the government's efforts to increase employment. This education and training should also cover the lay-off workers and rural laborers who returned from cities because of unemployment, according to the meeting.
BEIJING, Nov. 20 (Xinhua) -- China has been studying a fuel tax reform to replace the current road tolls imposed upon vehicles, the National Development and Reform Commission (NDRC), the country's top economic planner, announced here on Thursday. The announcement came after media reports said on Wednesday that the government was likely to impose the fuel tax as early as next month. The NDRC together with the Ministry of Finance and the Ministry of Transport has jointly held discussions on related issues including abolishing road and waterway maintenance fees, lowering refined oil prices and improving the fuel pricing system. The planner didn't specify when to launch the long-awaited reform. The introduction of a fuel tax in China was first proposed in 1994 but has been delayed amid concerns that it would impose too great a burden on those who consumed more oil. The government has instead collected road maintenance fees from automobile users regardless of how much gasoline or diesel oil they use. Analysts said the on-going oil price drop presented a good opportunity for China to resume its fuel tax reform. World crude oil prices fell to the current 53.62 U.S. dollars, down more than 60 percent from the peak price of 147 U.S. dollars in mid-July.
SHANGHAI, Dec. 21 (Xinhua) -- A senior Chinese leader has urged Shanghai, the country's major economic hub, to use the global financial crisis as a driving force to pursue economic restructuring. Jia Qinglin (C), chairman of the National Committee of the Chinese People's Political Consultative Conference and member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, visits Shanghai Electric Nuclear Power Equipment Co. Ltd., in Shanghai, east China, on Dec. 20, 2008. Jia Qinglin paid a visit to Shanghai from Dec. 19 to Dec. 21. Shanghai should focus on developing equipment manufacturing, modern logistics, financial services, electronic commerce, culture innovations and capsulation, said Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), during his trip to Shanghai from Dec. 19-21 . Shanghai should try to establish a new advantage in competition and make use of its advantage of having a strong power in science and technology, said Jia. The city should center its economic growth on increasing domestic demands while trying every means to maintain a stable growth in export, the CPPCC leader said. During his stay in the city, Jia visited an exhibition on the 2010 Shanghai World Expo and studied the construction of the expo zone, with company of Shanghai Party Chief Yu Zhengsheng and Shanghai Mayor Han Zheng. He urged the city to do a good job in preparations for the world expo. Jia Qinglin (R), chairman of the National Committee of the Chinese People's Political Consultative Conference and member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, talks to an employee at SAIC Motor Passenger Vehicle Company on in Shanghai, China, on Dec. 20, 2008. Jia Qinglin paid a visit to Shanghai from Dec. 19 to Dec. 21. He also visited several industrial development zones and research institutions, to see how local companies are operating with the impacts of the global financial crisis. In talks with local officials, Jia attached priority to finding out ways to help the country's economy develop in a stable and relatively fast way, under the current complicated international and domestic situation. "We must unify our thinking and action to the analysis and judgment of the Central Authorities as well as the arrangements made by the Central Authorities," said Jia, who is also a member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau. Jia talked with company employees and ordinary citizens, inquiring into their life and listening to their complaints and demands. He called for a pro-active employment policy. During his visit, the top political advisor visited leading officials of the Municipal Committee of the CPPCC, the Municipal United Front Department, and local branches of non-communist parties and the Municipal Federation of Industry and Commerce. He urged them to play roles as "think tank" for the government and a channel to convey people's concern to the government.
BEIJING, Nov. 12 (Xinhua) -- Chinese Vice Premier Li Keqiang said on Wednesday that increased environment protection efforts would help significantly to boost domestic demand and open new economic growth points. China would continue to make environmental protection a priority to benefit the people and ensure a stable economy, he told the annual meeting of the China Council for International Cooperation on Environment and Development (CCICED). China faced difficult tasks in protecting its environment as itwas the world's biggest developing country with huge economic growth potential. Chinese Vice Premier Li Keqiang (C) attends the annual general meeting of China Council for International Cooperation on Environment and Development in Beijing, capital of China, Nov. 12, 2008. He also pledged the country would coordinate economic, social resources and environmental development. China would actively cooperate with other countries in environment protection technology, management and human resources, he said. He said the country had decided to adopt active fiscal policies and moderately easy monetary policies in response to the global financial crisis and make other important adjustments to maintain economic growth. Established in 1992, the CCICED is composed of leading experts and public figures from China and abroad, and is responsible for submitting proposals and advisory opinions to the Chinese government.