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BEIJING, Sept. 5 (Xinhua) -- Chinese equities tumbled on Friday following a heavy slump overnight on Wall Street as concerns about the U.S. economic slump worsened.     The Shanghai Composite Index sank 3.29 percent, or 74.97 points, to 2,202.45. The key index has declined more than 58 percent this year and more than 63 percent from its peak in October.     In Shenzhen, the market fell 2.8 percent, or 209.4 points, to 7,264.2. Aggregate turnover expanded to 42.55 billion yuan (6.22 billion U.S. dollars) from 38.99 billion yuan on the previous trading day.     Losses outnumbered gains by 827-47 in Shanghai and 702-32 in Shenzhen.     Wall Street fell on Thursday with the Dow Jones down more than 340 points as disappointing jobless and retail data left investors doubtful of a U.S. economy recovery. The downturn partly contributed to a fall in China equities, analysts said.     Tracking the Wall Street loss, both the Hong Kong and Tokyo exchanges plunged more than 2 percent on Friday. A resident walks past an electronic board showing the fall of Hang Sang index in Hong Kong, south China, Sept. 5, 2008. Hong Kong's benchmark Hang Seng Index closed at 19,933.28 points Friday, breaching the key psychological supporting mark of 20,000The key Shanghai index fell through the 2,245 points, which was labeled as a psychological mark by analysts. The mark was the peak of the market's last bullish period that ended in 2001.     The breach increased market panic and the weak sentiment would remain until the authority could come up with detailed market-boosting measures instead of just vague market talks, a Shanghai Shiji Investment Consultant Company analyst said.     Continuous retreats in the world crude oil price and other commodities heightened worries that a global slowdown would cut demand and would dent corporate profits, analysts said.     Crude oil for October delivery dropped 1.46 U.S. dollars overnight to 107.89 U.S. dollars per barrel on the New York Mercantile Exchange, falling for a fifth straight day to a five-month low.     In response, China National Offshore Oil Corp. (CNOOC), the country's largest offshore oil explorer, fell 4.24 percent to 13.76 yuan. China Shenhua, the country's top coal producer, shed 3.16 percent to 24.54 yuan and Yanzhou Coal Mining Company lost 4.29 percent to 12.71 yuan.     Investor confidence was also dampened by news of China Merchants Securities plan to launch an initial public offering (IPO), Guosen Securities senior analyst Tang Xiaosheng said.     Brokerage shares declined across the board. CITIC Securities sank 3.18 percent to 18.56 yuan, Guojin Securities slumped 7.3 percent to 27.94 yuan, while Hongyuan Securities lost 4.79 percent to 13.92 yuan.     China Merchants Securities Co. Ltd. said in a prospectus released late on Thursday that it planned to issue 358.55 million A-shares on the Shanghai bourse. The application would be decided by market regulators on Monday.     If approved, it would become the second domestic brokerage IPO following Everbright Securities after a five-year suspension.

BEIJING, June 23 (Xinhua) -- President Hu Jintao on Monday hailed the country's remarkable science and technology achievements since the launch of its 1978 Reform and Opening-up Drive, but he also admitted that there is "still a large gap" with the world's most advanced.     Among developing countries, China had now taken the lead regarding the general level of science and technological development, said Hu, also general secretary of the Communist Party of China (CPC) Central Committee.     He attributed the achievements to the full support of the Party, the nation and the hard work by Chinese scientists and technicians.     Hu made the remarks at Monday's inaugural ceremony for both the 14th Congress of the Chinese Academy of Sciences and the Ninth Congress of the Chinese Academy of Engineering Science. Chinese President Hu Jintao makes a speech at the joint inaugural ceremony of both of the 14th Congress of the Chinese Academy of Sciences (CAS) and the Ninth Congress of the Chinese Academy of Engineering (CAE) at the Great Hall of the People in Beijing, capital of China, June 23, 2008.    He began his speech by giving a brief summary of the country's strenuous anti-earthquake efforts after a powerful 8.0-quake struck Wenchuan County in the southwestern Sichuan Province on May 12.     Members of the two academies had made full use of their collective wisdom and power to play an important role in the quake relief, he said.     In his speech, Hu mentioned two major historic events -- the National Science Congress in March 1978, and the Third Plenary Session of the 11th CPC Central Committee in December that same year.     The science conference has been called a "Spring" for the country's science circles following the end of the Cultural Revolution (1966-1976). The latter ushered in the Reform and Opening-up Drive in the country.     Hu recalled it was Deng Xiaoping who talked about major issues regarding the political status. At the meeting, the late leader proposed that science and technology were a productive force, intellectuals were part of the working class, and the key of the country's modernization drive lay with the modernization of science and technology.     He reiterated science and technology were the No.1 productive force; human resources were the No. 1 resource; and it was a must to persistently increase the capabilities in independent innovation; it was a must to adhere to the political advantage of socialism, which enabled the government to gather powers to do big things; it was a must that science and technology served economic and social development as well as the people; and it was a must to display the scientific spirit.

BEIJING, April 7 (Xinhua) -- Chinese Premier Wen Jiabao said here on Monday the free trade agreement signed between China and New Zealand was of importance and profound significance.     Wen told New Zealand Prime Minister Helen Clark in their talks that the signing of the free trade accord "explored broad prospects for deepening mutually beneficial cooperation between the two countries". He added the China-New Zealand ties were faced with important new development opportunity.     The two reached consensus to push the China-New Zealand comprehensive, friendly and cooperative relations to a new high.     Wen hailed the vigorous development of China-New Zealand relations in recent years, saying the practical cooperation in every area had made constant breakthroughs, bringing real benefits to the two peoples. Chinese Premier Wen Jiabao meets New Zealand Prime Minister Helen Clark in Beijing on April 7, 2008. The two attended the signing ceremony of the free trade agreement and respectively delivered speeches    He noted the two nations shared broad common interests in promoting peace, stability and prosperity in the Asia-Pacific region. Wen pledged China was ready to implement the annual meeting mechanism between the leaders of the two countries, strengthen consultation at all levels and consolidate the political basis for the bilateral relations.     Wen suggested the two sides make full use of complementary advantages in sustainable development areas, such as climate change, energy saving, environmental protection and low-carbon economy, foster new growing points in trade and economic cooperation, expand cooperation on culture, education, science, technology and justice, and increase communication and coordination on important international and regional issues.     Clark said since China was an important cooperation partner, New Zealand attached great importance to the bilateral relations from a strategic level. "New Zealand explicitly sticks to the one-China policy, advocates to enhance contact and cooperation with China and supports China in its efforts to play an active role in the world," she said.     On the FTA deal, Clark said New Zealand and the country's business circle would firmly support and earnestly carry out the agreement.     She added New Zealand was ready to maintain high-level exchanges with China, step up exchanges and cooperation in the spheres of goods, service trade, agriculture, stock-breeding, energy saving, environmental protection, culture and education, and increase consultation and cooperation between the two countries in the United Nations and the Asia-Pacific Economic Cooperation.     After the talks, the two attended the signing ceremony of the free trade agreement and respectively delivered speeches.

BEIJING, Sept. 7 (Xinhua) -- Chinese President Hu Jintao met separately with German President Horst Koehler and Japan-China Friendship Association Chairman Koichi Kato in Beijing on Sunday.    The meetings took place on the sidelines of the Beijing Paralympic Games, which just opened on Saturday night. President Koehler and Kato, who is former secretary-general of the Japanese Liberal Democratic Party (LDP), both attended the Games' grand opening ceremony.Chinese President Hu Jintao meets with Koichi Kato, former secretary-general of the Japanese Liberal Democratic Party (LDP) and chairman of the Japan-China Friendship Association, in Beijing, China, on Sept. 7, 2008. Kato attended the opening ceremony of the Beijing 2008 Paralympic Games on Saturday nightWhile meeting with Koehler, Hu first welcomed his German counterpart to the Games and extended congratulations to German athletes on their "excellent performance" at the Beijing Olympic Games.    During the Aug. 8-24 Olympics, the German squad placed fifth on the gold medal table with 16 golds, and also grabbed 10 silvers and 15 bronzes.    Hu also took the opportunity to thank the German government and people for their support and assistance during the blizzard disaster and the Sichuan earthquake that struck China in the first half of the year.    Koehler said the Beijing Paralympics opening ceremony was superbly organized, and he was particularly impressed by Li Yue, a teenage amputee ballerina from the quake zone of Sichuan who performed at the ceremony.    It is important to pay attention to the long-term impact of disasters, and help those affected people rebuild their faith in life in the reconstruction process, said the German leader.    Both leaders agreed to further promote bilateral relations.    "The Sino-German relations have shown a sound momentum of development, thanks to concerted efforts by both sides," Hu said.    "Our economic and trade cooperation is growing robustly, and remarkable progress has been made in cultural, youth and legal exchanges and cooperation," said Hu. "We have maintained communication and cooperation in major international and regional affairs."    "Our countries share many common interests, and also face a lot of challenges," he added.    "China is ready to work with Germany to push for a long-term, stable and sound development of bilateral ties, on the basis of mutual respect, equality and mutual benefit, and through enhancing dialogue, promoting mutual trust, deepening cooperation and properly handling differences," said the president.    Koehler responded that the German side attaches great importance to the cooperative relationship between the two countries.    The president commended China's accomplishments in various fields following three decades of reform and opening-up, and said that Germany hopes to share with China each other's experience in economic and social development, and work with China for world peace and development through more exchanges and dialogues.    In his meeting with Kato, the Chinese president also welcomed the Japanese guest to the Paralympic Games, and congratulated him on assuming the position as chairman of the Japan-China Friendship Association.    He called Kato "a senior Japanese statesman" and also "an old friend of the Chinese people."    China highly appreciates Kato's contribution to the development of Sino-Japanese relations, said Hu, adding that Kato has long devoted himself to Sino-Japanese friendship and worked strenuously for restoring, improving and developing the Sino-Japanese relations.    The Chinese president also thanked the Japanese government and people of various circles for their support to the Beijing Olympics and Paralympics, and wished good results for Japanese Paralympians in Beijing.    He pointed out that China and Japan are both important countries in Asia and the world, thus shouldering the grave responsibility of maintaining regional and world peace and promoting common development.    To further consolidate and develop the Sino-Japanese strategic relations with mutual benefit is in line with the common interests of both countries and both peoples, and is conducive to peace, stability and prosperity of Asia and the world at large, he added.    China wants to work with Japan to lift the Sino-Japanese relations to a new level, through strengthening political dialogue, deepening mutually-beneficial cooperation and expanding people-to-people exchanges, Hu said.    The Chinese leader highlighted the important role played by the Japan-China Friendship Association in improving and developing bilateral ties, saying that the Sino-Japanese friendship is in essence the friendship between the Chinese and Japanese people.    The development of the Sino-Japanese friendship relies heavily on concerted efforts by the people of both countries, said Hu, expressing the hope that the Japan-China Friendship Association will make new contributions to the Sino-Japanese friendship.    Kato spoke highly of the Beijing Olympic Games, which he said have scored a complete success.    The opening ceremony of the Beijing Paralympic Games was equally grand and splendid, said Kato, who expressed the belief that both Games would be written into the history of mankind.    The Japan-China Friendship Association, which has dedicated itself to Japan-China friendship for nearly 60 years, will join hands with the Chinese side to help expand bilateral exchanges and cooperation in all areas and enhance friendship between the two peoples, so as to promote the sound and stable development of Japan-China relations, he said.

BEIJING, Aug. 20 (Xinhua) -- Chinese President Hu Jintao on Wednesday paid a morale-boosting visit to the country's Paralympic athletes, urging them to "strive to become strong and fight for the best."     With 16 days to go until the opening ceremony in Beijing, Hu, accompanied by Vice President Xi Jinping, went to the training center for Paralympic athletes in a northeastern suburb of the capital in the morning. Chinese President Hu Jintao shakes hands with an athlete at the training center for Paralympic athletes in Beijing, China, Aug. 20, 2008.More than 300 Chinese athletes competing in the Sept. 6-17 Games were busy training at the center, the country's first national-level training facility for disabled athletes.     The 547-member China delegation, the largest in history, will participate in all 20 events during the upcoming Paralympics.     Hu watched the training of the athletes in track and field, football, swimming and wheelchair basketball.     He cheered on Li Duan who had lost his sight 12 years ago in an accident, as he practiced long jump under the guidance of his coach. Li won two gold medals at the 2004 Athens Paralympics. Chinese President Hu Jintao cheers on swimmers at the training center for Paralympic athletes in Beijing, China, Aug. 20, 2008 "I heard you used to play basketball and switched to long jump after an accident. It must have not been easy for you." Hu said while holding the blind man's hands.     "A soldier could be injured, but he remained a soldier. An armyman could fall down, but his will was unbeatable," Li, a soldier in service, responded in high spirit. He said he would fight for better performances at the Beijing Games.     Hu also shook hands with other track and field athletes, and looked over the artificial limbs and racing wheelchairs they used.     "I was here to cheer for you before the opening of the Games, and I was moved to see all of you striving to become stronger and training very hard." He wished them all good luck during the Games. Chinese President Hu Jintao holds a football after writing "striving to become strong and fighting for the best" on it at the training center for Paralympic athletes in Beijing, China, Aug. 20, 2008. Hu also watched football players afflicted with cerebral palsy in training. They were the first-such group from China to represent the country in the Paralympics.     He wrote on a football "striving to become strong and fighting for the best," after the 12 athletes gave the president a football with their own signatures.     He said he hoped they would not only fight in the upcoming competition, but also in their daily lives.     At the swimming stadium, Hu said he believed the athletes would fully demonstrate their abilities and bring some glory for the country. Chinese swimmers had performed well in previous events. Chinese President Hu Jintao shakes hands with wheelchair basketball players at the training center for Paralympic athletes in Beijing, China, Aug. 20, 2008Hu opened a game for wheelchair basketball players, and applauded the frequent baskets by the athletes. He urged players to put participation before winning and enjoy the fun of the Games.     Hu also visited a downtown community home for the disabled after he left the training center to find out about the community services provided for the ordinary handicapped population in the capital. Chinese President Hu Jintao shakes hands with a disabled man who is playing chess in Shichahai community home for the disabled in Beijing, China, Aug. 20, 2008. At the special home set in a courtyard, he chatted with the disabled who were painting, writing, surfing on the Internet, playing Chinese chess or receiving recovery exercises.     He also joined some mentally-challenged people who were learning to make pizzas and dumplings, and another 20 handicapped making handicrafts such as bracelets and cloth paintings.     "The country will take more measures and make more efforts to improve the living conditions to let all the handicapped have a happy life in their mother country," Hu pledged.