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BEIJING, June 13 (Xinhua) -- China strongly opposes a declaration issued by the European Union on a Chinese human rights case, said Foreign Ministry spokesman Qin Gang here Sunday.Qin made the remarks in response to a question on China's attitude towards the EU declaration.The EU said in its declaration that it regrets the decision of the higher people's court of Sichuan Province to confirm the sentence of Tan Zuoren to five years in prison for "subversion of state power."It also appeals to the Chinese government to release Tan unconditionally.Tan Zuoren, a former magazine editor, was sentenced in February on the charge of inciting subversion of state power. This week, the Sichuan provincial higher people's court upheld Tan's five-year prison term.Qin said, China's justice department handled the case independently according to the Chinese law.The EU declaration has interfered in China's judicial affairs," Qin said. "China firmly opposes and is strongly dissatisfied over it."Qin hoped the EU would respect China's judicial sovereignty and safeguard the overall situation of Sino-EU relations.
TAIPEI, June 21 (Xinhua) -- The economic authority of Taiwan has approved investment totaling 77.13 million U.S. dollars from the Chinese mainland, according to a statistics report released Monday.From the end of June last year when Taiwan opened to mainland investment, the authority had approved 52 investment projects on the island by the end of May, said the report from the authority.The top three industries for mainland investment -- accounting for 44.84 percent of the total mainland investment -- were computers, electronics and optical products manufacturing.At the same time, the mainland saw a sharp increase in investment from Taiwan. In the first five months of this year, the Taiwan authority approved investments in 187 projects on the mainland.New investment from Taiwan on the mainland from January to May totalled 4.59 billion U.S. dollars, a year-on-year increase of 239.9 percent.About 75 percent of the Taiwan investment in the first five months went to Jiangsu, Guangdong, Fujian and Shandong provinces, said the report.
URUMQI, June 14 (Xinhua) -- China is diversifying its methods of importing energy from neighbor countries in central Asia as a train carrying 45 tonnes of liquefied petroleum gas (LPG) from Kazakhstan reached the country's inland port of Alataw Pass on Monday in the northwest Xinjiang region.It also marked the first time China imported energy from central Asia using railroads, rather than pipelines, since the founding of new China back in 1949."Central Asia is rich in oil and gas. China's state-owned oil giant CNPC has made large investments in recent years to purchase and explore resources in the region," said Gao Hongbo, general manager of a privately-run logistics and financial services company based in Xinjiang Uygur Autonomous Region."Oil and gas could be transported through pipelines but the liquefied gas, obtained as a by-product from the refining of petroleum, could not be effectively transported due to the product's nature, causing huge waste," Gao said.Gao said the only option is to import the liquefied gas using railways, given current circumstances.But China's railways use the standard gauge (distance between rails at 1,435 mm), which is different from its Central-Asian neighbors' broad rail gauge (distance above 1,435 mm), and special lines need first to be built for the mass importing of LPG.Gao said his company has so far spent 300 million yuan (44 million U.S. dollars) in building nine broad-gauge rails and six standard gauge rails in Alataw Pass. These lines are expected to import 50,000 tonnes of LPG this year.The company plans a total of 21 lines to be built, and the annual capacity of these lines is expected to reach 200,000 tonnes of LPG during the next three years.These lines, when completed, will also be used to import 500,000 tonnes of oil each year and 2.5 million tonnes of commodities and mineral resources from central Asia.
BEIJING, Aug. 5 (Xinhua) - China's banking regulator on late Thursday said the hypothetical situations in the risk tests of banks, such as a possible slump in property prices, does neither indicate the regulator's judgment on the property market nor possible changes in government property policies.The China Banking Regulatory Commission (CBRC) reaffirmed in an online statement that it allows banks in regions with soaring property prices to suspend loans for third homes according to their assessment on credit risks.The CBRC also said the down payment and the lending rate for third homes mortgage loans should be raised, but the specific amount should be determined by banks.The declaration was made in response to domestic reports that the CBRC had ordered banks in Beijing, Shanghai, Shenzhen, and Hangzhou to stop issuing loans to third home buyers.According to Bloomberg's Thursday report, the banking regulator had told lenders to include worst-case scenarios of prices dropping 50 to 60 per cent in cities where they have risen excessively, which signaled that the government might be growing more concerned about the health of the real estate market.
BEIJING, Aug. 18 (Xinhua) -- Reasserting its determination to crush gang crimes, China's Ministry of Public Security released a list of 52 major cases of gang crimes across the country and said it would supervise the handling of these cases in a circular issued on Tuesday.The ministry would appoint officers to supervise and track the investigation of these cases, while at the same time providing expertise and technological support, the circular said.It specifically ordered police chiefs, in areas where the mob cases occurred, to personally lead the investigation and said they would be held accountable for the investigation.Police nationwide must strengthen cooperation with disciplined inspection and supervision departments to remove the mafia's "protective umbrellas" and root out its financial resources by confiscating all asserts related to gang crimes.This was the eighth such listing released by the ministry since a long-term national campaign to crackdown on gang crimes began in February 2006.Since then, the ministry has supervised the handling of 296 major cases of gang crimes. Among them, 270 have been prosecuted and courts have handed down sentences in 210 cases, according to the circular.It cited one severe case in which a 27-member mafia group was apprehended by police in central Hubei Province for murdering, organizing gambling, and monopolizing construction projects.The group leader, Jin Gangqiao, was sentenced to death with a two-year reprieve.