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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, July 2 (Xinhua) -- China senior political advisors gathered here Wednesday, to learn about the country's economic situation and developments in the earthquake relief and reconstruction campaign.     Jia Qinglin, chairman of the CPPCC National Committee and member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, presided over the inaugural session of the second meeting of the Standing Committee of the 11th CPPCC National Committee.     Jia praised CPPCC members for their participation in the earthquake relief campaign.     The relief situation remained serious and the tasks were still very heavy, Jia said. The CPPCC was responsible and duty-bound to contribute to the relief and reconstruction work. Jia Qinglin (C), chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), presides over the second session of the Standing Committe of the 11th CPPCC national committee in Beijing July 2, 2008.    He encouraged the senior advisors to speak their views at the meeting, to provide the Party Central Committee and the State Council with more valuable comments and proposals. Chinese Vice Premier Zhang Dejiang (C) speaks in the second session of the Standing Committe of the 11th national committee of the Chinese People's Political Consultative Conference (CPPCC) in Beijing July 2, 2008.Vice Premier Zhang Dejiang, in a report on the economic situation, said China had experienced the most austere economic and social challenges.     China had maintained stable and relatively fast economic development, thanks to the timely decisions and arrangements by the Party Central Committee and the State Council, as well as the work by local Party committees and governments, said Zhang, also a member of the Political Bureau of the CPC Central Committee.     The country would continue earthquake relief and reconstruction while firmly adhering to promoting economic and social development, so as to achieve social harmony and stability.     Zhang hailed the reform of state-owned enterprises in the past 30 years, and pledged to speed up the reform.     He said China had entered into a crucial stage in developing its social security system, which required increased investment to "allow everyone enjoy fundamental living security, while trying hard to reach the goal of enabling everyone to enjoy schooling, find paid jobs, get medical services, retire on a pension, and live in decent housing".     The meeting is scheduled to last for four days.

BEIJING, Aug. 2 (Xinhua) -- Chinese Premier Wen Jiabao on Saturday paid visits to three best-known senior intellectuals living in Beijing, honoring his own promise to call on these over-90-year elders once every year.     The three were linguist Ji Xianlin, founder of China's space industry Qian Xuesen, and "China's Madame Curie" He Zehui, who is the widow of China's Father of A-bomb Qian Sanqiang (1913-92). Chinese Premier Wen Jiabao (R) talks with Ji Xianlin, a well-known Chinese author and translator at the General Hospital of the Chinese People's Liberation Army in Beijing,capital of China, on Aug. 2, 2008."I've come to congratulate your birthday in advance," said Wen to Ji, who is now staying in the General Hospital of the Chinese People's Liberation Army (PLA). Ji turns 97 on August 6.     Ji, a former deputy president of the prestigious Beijing University, is known for his translation works and fruitful study on Sanscrit and other ancient Indian languages, speaks good English and German, and can read French and Russian.     In their talks, Wen exchanged views with Ji on issues like the relief efforts for the deadly May 12 Earthquake, foreign language education, and the upcoming Olympic Games in Beijing.     "Our history has always witnessed disasters like floods, droughts and earthquakes, but our nation has never been collapsed, and quite the contrary, (our nation) has become stronger and stronger after these disasters," said the premier, who is also member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau.     Ji agreed with Wen and he said in reply, "It is same for a nation and a person. Disasters train will of a person and a nation, as well." Chinese Premier Wen Jiabao (R) vists Qian Xuesen, a renowned scientist and founder of China's space technology at Qian's home in Beijing, capital of China, on Aug. 2, 2008. Afterwards, Wen visited Qian at his residence.     The premier had many face-to-face talks with Qian, who is four months younger than Ji, during the late 1980s and the early 1990s,when Wen was in charge of the development of science and technology in the CPC Central Committee. Qian was then president of the China Association for Science and Technology.     Being a geological expert himself, Wen had supported Qian for his strategic proposals on the development of sand industry, mathematics, and chemical industry. Wen even organized some experts to assist Qian in research projects.     In their meeting, the premier informed the scientist of the country's progress in space industry, such as the forthcoming launch of the Shenzhou-7 manned spacecraft, the Second Phase of the Moon-orbiting Program, and the country's ambitious plan to build large passenger aircraft.     Wen attributed China's achievements in science and technology to the decades-long efforts made by the elder generation Chinese scientists.     The premier echoed Qian that China still lags behind in many key sectors. "We have to be diligent," Wen said. Chinese Premier Wen Jiabao (L) shakes hands with He Zehui, a renowned Chinese physicist during his visit to He's home in Beijing, capital of China, on Aug. 2, 2008. Madame He, now 94, received Wen at her simple home in Beijing's Zhongguancun -- "China's Silicon Valley".     He, one of the oldest woman nuclear physicists in China, had collaborated with her husband to discover ternary fission and quarternary fission in the uranous nucleus.     Wen has been an old friend of the couple. When the husband was alive, Wen often visited their home. Once, Qian was invited to Zhongnanhai, the office compound of the CPC Central Committee and the State Council, in central Beijing, to acknowledge Wen of the latest development of the country's nuclear industry.     Wen talked with He about her daily life and health. The premier also recalled the night when he went to say farewell to the body of Qian.     Wen praised He for her simple life style and outstanding contribution to the nation. "The younger generation scientists should learn from you," he said to the senior woman scientist.

JEDDAH, Saudi Arabia, June 22 (Xinhua) -- China will stick to the a sustainable energy strategy and make active contributions to the sustainable energy development and energy security in the world, Chinese Vice President Xi Jinping said on Sunday.     China will put emphasis on both energy exploitation and conservation with priority given to economizing on energy consumption, Xi said at the ongoing International Energy Conference held in the western Saudi port city of Jeddah. Chinese Vice President Xi Jinping addresses the the international energy meeting held in Jeddah, Aaudi Arabia on SundayChina has drafted a plan to reduce the energy consumption in per unit gross domestic product by about 20 percent by 2010 from the 2005 level, Xi said.     "We'll take all possible measures to achieve the goal," he told the one-day meeting.     China will try to meet the demands for economic growth and the improvement of people's life by increasing domestic energy supply, Xi said.     China still has great potential for domestic energy supply, as the country has abundant reserves in coal, the major source for its energy. Its rich hydroelectric resources, plus other new energies such as nuclear energy, wind energy, are yet to be fully exploited, he added.     China will pursue diversified development of energy supplies, Xi said.     Various energy forms such as coal, oil and gas, hydroelectricity, wind electricity and solar energy will supplement each other to secure a stable energy supply, he said.     Technological progress and innovation in the energy field will be encouraged in China, said the vice president.     China will enhance its ability of innovation, break through the bottlenecks of energy technology and seek new ways to exploit energy resources, he said.     China will strive to build a resource-conserving and environment-friendly society by ensuring the coordinated development of energy production and environmental protection, he said.     China will also adhere to the principle of mutual benefit in the energy field and strengthen cooperation with energy producing and consuming nations, he added.

BEIJING, April 6 (Xinhua) -- Chinese Premier Wen Jiabao said during a spring planting inspection in the northern Hebei Province on Saturday and Sunday that the Chinese people were fully capable of feeding themselves.     Wen said the country's self-reliance in feeding its 1.3 billion people with its own grain production was a great contribution to the world.     "China has abundant grain reserves standing at 150 million to 200 million tonnes," said Wen. The government had already taken a series of measures to support farm and rural sectors.     The central government vowed this year to spend 562.5 billion yuan (80.1 billion U.S. dollars) to support farms and the rural sector, 130.7 billion yuan more than last year.     The State Council, or Cabinet, decided last month to spend another 25.25 billion yuan in addition to this year's rural budget, mainly to subsidize farmers' purchase of seed, diesel, fertilizers and other production materials. --Chinese Premier Wen Jiabao (front R) chats with a villager during his work trip in Shilipu Village, Shahe City, north China's Hebei Province, April 5, 2008.(    Wen told farmers in Renxian County, Hebei, "The government will not change its position in supporting farmers, and it will give more and better preferential policies to farmers.     "China's grain output grew four consecutive years to reach 500 billion kilograms in 2007, and we are confident the country can maintain a stable supply this year if there are no future severe natural disasters."Chinese Premier Wen Jiabao (C) visits the house of a villager during his work trip in Tianzhai Village, Yongnian County, north China's Hebei Province, April 6, 2008.

来源：资阳报