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NANNING, March 25 (Xinhua) -- China's top political advisor Jia Qinglin called for reinforced efforts to sustain steady and rapid economic development amid global financial turmoil.     He made the remarks during an inspection trip to the southern Guangxi Zhuang Autonomous Region during March 20 to 25.   Jia Qinglin (C), chairman of the National Committee of the Chinese People's Political Consultative Conference, meets with residents at Bashan Village in Laibin City, southwest China's Guangxi Zhuang Autonomous Region, on March 20, 2009Jia warned 2009 could be "the most difficult year for China's economic development since the beginning of the 21st century."     Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), said the most important goal of macroeconomic control was to reverse the downward trend of economic growth. Jia Qinglin (C), chairman of the National Committee of the Chinese People's Political Consultative Conference, inspects Liugong Machinery Co., Ltd. in Liuzhou, southwest China's Guangxi Zhuang Autonomous Region, on March 22, 2009Trying to find ways to better cope with international financial downturn, Jia visited companies, workshops, towns and villages of ethnic Zhuang and Yao during the trip.     The country should expand domestic demand, promote innovation and economic restructuring, as well as deepen its reform and opening up, and improve people's well-being, said Jia, who is also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee.     He urged the local political advisory body to regard sustaining steady and rapid economic development and safeguarding social harmony and stability as their primary responsibilities.

BEIJING, April 9 (Xinhua) -- The Ministry of Finance has imposed a pay cap for top executives at state-owned financial institutions as the financial crisis eroded earnings of such companies in 2008, the ministry said Thursday in a circular on its website.     The new rule, which came out amid rising public grumbles about huge pay packages for top executives at state-owned financial companies, outlined the basic line that pay for executives in 2008should be no more than 90 percent of the level in 2007.     As of 9 p.m., two hours and half after the news was posted on the web Sina.com.cn, 584 netizens made comments. Nearly all of them were supportive of the move. The undated photo shows the gate of headquaters of the Ministry of Finance in Beijing. Total executive pay for 2008 at financial institutions - which many are still computing - must not surpass 90 percent of the 2007 levels, the Ministry of Finance (MOF) announced yesterday    Under the plan, pay refers to pre-tax income, including salary, bonus, and social insurance.     The rule would enhance equal income distribution and push forward reform in pay mechanism, according to the ministry.     The circular said it was in line with the current domestic and international situation for executives at some state-owned financial institutions to voluntarily cut their pay despite their companies posted rising profits.     Companies which had a declining income last year should slash another 10 percent based on the basic line. Reductions should be deeper if companies suffered steep drop in profits, according to the circular.     The ministry demanded to narrow pay gap among executives at companies in the financial sector, calling for bigger cuts for those who received much higher pay than the average in 2007. Caps were also urged to be imposed on pay for staff at financial companies to make a clear difference in posts and performance.     It is the second time that MOF had set such pay limits. In an earlier circular in February this year, MOF ordered that the 2008 salary for top executives of state-owned financial institutions should be limited within 2.8 million yuan (about 410,000 U.S. dollars).     The new move aimed at avoiding salary competition between some financial institutions when deciding the salaries for their executives in 2008, said Guo Tianyong, a professor at the China Central Finance University.     It is necessary to put a cap on executive salaries to prevent unfair distribution of income and a larger gap between the rich and poor, he said.     In March, the government ordered a crackdown on government "hospitality" budgets, including a 15-per-cent cut in car-buying and fuel funds as well as an across-the-board halt to the building of any new office compounds before the end of 2010.     Chinese Premier Wen Jiabao said the government should take the leading role in promoting frugality and should ensure government spending goes where it is most needed amid the economic crisis.

BEIJING, March 11 (Xinhua) -- Chinese President Hu Jintao on Wednesday called on the armed forces to provide mighty support for national interests and social stability. The People's Liberation Army (PLA) and the armed police shall energetically speed up the modernization of defense, resolutely safeguard the country's sovereignty, security and territorial integrity, and provide a mighty support for national interests and social stability, Hu said.     Hu, also chairman of the Central Military Commission, made the remarks at a plenary meeting of PLA deputies to the National People's Congress (NPC), the top legislative body. Chinese President Hu Jintao (front L), who is also chairman of the Central Military Commission, shakes hands with a deputy of the Chinese People's Liberation Army (PLA) to the Second Session of the 11th National People's Congress (NPC), in Beijing, capital of China, March 11, 2009. Hu Jintao attended the plenary meeting of the PLA delegation on Wednesday.     He stressed the Party's leadership in the armed forces and called for the scientific development of defense and armed forces.     The armed forces shall voluntarily serve the overall work of the Party and the country, and contribute to economic development and social stability, he added.     He also told local Party committees and governments to support the development of defense and armed forces.

BEIJING, Feb. 10 (Xinhua) -- China's State Council, or the cabinet, issued a notice Tuesday that urged governments at all levels to make every possible effort to expand employment.     The notice said that the deepening global financial crisis makes it more difficult to offer jobs for new labor force and unemployment risks continue to increase. In response, governments should adopt a more vigorous employment policy to maintain stable employment and social order.     Governments at all levels should give priority to employment of enterprise staff, college graduates, laid-off and migrant workers and demobilized officers.     They should take active measures to reduce employment burdens on enterprises and supervise their layoff activities to protect workers' legal rights.     If an enterprise's job-cutting plan involves more than 20 workers or more than 10 percent of the entire staff, the company should file a report to the local trade union or notify all staff 30 days before the layoff.     Tax authorities should offer exemptions, including turnover tax and individual income tax, to laid-off workers who started their own business and extend the exemption approval deadline to the end of 2009.     Enterprises that sign one-year or above contracts with laid-off workers and pay their social insurance fees will also be exempted from several taxes with the approval deadline also extended to the end of 2009.     Workers who fail to find employment by end of 2009 will be able to continue claiming social security subsidies for a maximum of one year.     The notice also required governments to improve employment services such as professional training, adding that new employment and unemployment rates would be key factors in assessing government success

BEIJING, April 15 (Xinhua) -- Foreign direct investment (FDI) in China posted a 20.6 percent year-on-year decline in the first quarter to 21.78 billion U.S. dollars, the Ministry of Commerce announced Wednesday.     In March, FDI was 8.4 billion U.S. dollars, the biggest amount since October 2008 which was 8.35 billion U.S. dollars. However, the March figure was down 9.5 percent from a year earlier, ministry spokesman Yao Jian said at a news conference.     March was the sixth consecutive month that FDI fell. The good news is that the decline eased from the 15.81 percent drop in February and a 32.67 percent drop in January.     Zhang Hanya, an economist with the National Development and Reform Commission said a reduced decline indicated overseas investors growing confidence in the country's economic recovery.     Chinese Premier Wen Jiabao said Saturday that the Chinese economy showed signs of positive improvement in the first quarter as a result of the economic stimulus package adopted by China.     Yao added stable investment inflows were important for the country to stabilize exports, enhance employment and boost consumption as the government tries to make China more attractive to investors.     The ministry said in March it was shifting authority for approving certain foreign investments to provincial governments.