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TAIPEI, May 31 (Xinhua) -- A Chinese mainland business delegation arrived in Taiwan Sunday to kick off a buying spree to expand trade ties and offset the effects of the global economic downturn. The group, organized by the Mainland Association for Cross-Strait Economic and Trade Exchanges, comprised about 80 representatives of 35 companies, including IT and home appliance giants Lenovo, Haier, Changhong and ZTE. The shopping list could include home appliances, machinery, textiles and foodstuffs manufactured on the island, said Li Shuilin, director of the association and delegation head. The mainland businesses would hold talks with Taiwan firms in Taipei and Kaohsiung to learn more about their products and market potential in the mainland, Li said. They would probably make some purchasing orders, although no exact plans had been announced, he added. The delegation, the first of its kind, was warmly received on the island amid the mainland's repeated calls for collaboration across the Taiwan Strait to cope with the international economic downturn. This marked a substantial step by the mainland to help boost investment in Taiwan and the purchase of Taiwan products, proposed by Chinese Premier Wen Jiabao in April, Li said. The mainland announced last week that seven to nine procurement delegations to Taiwan would be organized from May to September to help develop the island economy during the global downturn. The China Video Industry Association would organize a visit of leading mainland television producers on Monday to hammer out a planned 2.2-billion-U.S.-dollar contract for TV parts produced in Taiwan. Also in June, tea merchants and fruit organizations would visit central and south Taiwan. In September, representatives of trading cooperatives from 11 provinces and cities, six industry associations and 13 agricultural products producers will visit the island. Mainland telecommunications companies, including China Telecom, China Mobile and China Unicom, also plan purchasing visits the island.
BEIJING, April 29 (Xinhua) -- Chinese Vice Premier Li Keqiang Wednesday called for improved entry-exit inspection and quarantine of swine flu cases, and accelerating research on a diagnostic reagent to test for the virus. All government departments must make public health a priority and maintain steady social order, Li said during a visit to the Beijing Capital International Airport and the Chinese Center for Disease Control and Prevention. Chinese Vice Premier Li Keqiang (C) visits a laboratory of the Chinese Center for Disease Control and Prevention in Beijing, capital of China, April 29, 2009. Li visited the Chinese Center for Disease Control and Prevention and Capital International Airport in Beijing to inspect the operations of swine flu prevention on April 29.Li said China had no confirmed cases of swine flu, but the virus could still spread to China as the outbreak was worsening in some other countries. Entry-exit authorities must step up inspection and quarantine by conducting strict medical examinations of people traveling from areas with swine flu cases, and sterilize goods and transport thoroughly, to keep the virus from entering China, he said. Li also urged disease prevention experts at the Chinese Center for Disease Control and Prevention to develop a diagnostic reagent for use in testing for the virus as soon as possible. An effective surveillance and reporting system was the basis for the prevention of swine flu, so that people suspected to be infected could be "located, reported, quarantined and treated as soon as possible," Li said. He also urged local authorities to increase production of anti-flu medications, protective gauze masks, sterilization drugs, and respiratory machines, and enhance public education on swine flu. Officials should closely monitor the global situation, and take prompt and comprehensive measures to deal with the virus in cooperation with the World Health Organization (WHO) and other countries, he said. Swine flu is suspected of causing the death of 159 people in Mexico. The United States confirmed Wednesday that a 23-month-old child in Texas had died from the virus.
BEIJING, June 8 (Xinhua) -- Chinese Vice Premier Li Keqiang met with U.S. special envoy for climate change Todd Stern on Monday, calling for more dialogues and substantial cooperation with the United States on climate change. "China has noticed the change of the U.S. government on climate change as well as the positive measures it has taken," Li told Stern during their meeting in the Great Hall of the People. To strengthen dialogue and cooperation between the two countries helps the growth of China-U.S. ties and benefits the international cooperation to fight against climate change, the vice premier said. Chinese Vice Premier Li Keqiang (1st R) meets with Todd Stern, U.S. special envoy for climate change, at the Great Hall of the People in Beijing, capital of China, on June 8, 2009. Stern said his country is ready to enhance dialogue and cooperation in energy, environment and climate change areas and work closely for the success of the Copenhagen Conference at the end of this year. A new protocol was expected to be born in Copenhagen by the end of this year to replace the Kyoto Protocol to prevent global warming and climate change. Li said China approves the fulfillment of the Bali Roadmap as the key mission of the Copenhagen Conference, and also approves promoting the implementation of the UN Framework Convention on Climate Change and the Kyoto Protocol in a comprehensive, efficient and consistent way. China would like to maintain the principle of "common but differentiated responsibilities" among developed and developing countries, actively participate in negotiations and play a constructive role to promote positive results from the conference, Li added. Stern expressed appreciation for China's achievements in recent years in fighting climate change. Li told the guest the Chinese government promotes sustainable development amidst efforts to address climate change, with conserving energy and protecting the environment as its national strategy.
BEIJING, May 9 (Xinhua) -- The nearly 10 billion yuan donation from the Communist Party of China (CPC) members would all be used for the reconstruction of China's quake zones, the Organization Department of the CPC Central Committee said Saturday. As one of the relief efforts after an 8.0-magnitude earthquake battered southwestern China on May 12 last year, some 45.5 million CPC members donated 9.73 billion yuan (1.43 billion U.S. dollars) as "special membership fees" for the quake victims. So far, nearly 90 percent of the fund had been allocated to the quake regions, and the rest would also be appropriated according to procedures, the department said in a statement. The money was spent on rebuilding schools and subsidizing survivors among others, it said
BEIJING, June 21 -- Chinese stocks rose to a weekly high on Friday after the securities regulator lifted a nine-month ban on initial public offerings (IPOs), indicating investors' strengthened confidence in the market based on ample liquidity and clearer signs of economic recovery. The Shanghai Composite Index, which tracks the bigger of China's bourses, rose 26.59, or 0.9 percent, to 2,880.49 at close, its highest close since July 28, 2008. The CSI 300 Index, measuring exchanges in Shanghai and Shenzhen, gained 0.7 percent to 3,080. Investors are set to return to the bourses in a big way with the return of initial public offerings and robust economic indicators. The market barometer has also shown significant gains in the past few days. Shi Yan "We expected the new IPOs to be the biggest bad news for the capital market this year," said James Yuan, chief investment officer of Everbright Pramerica Fund Management Co Ltd. "But now it is not as daunting, thanks to the improved economy, more liquidity and new listing rules." Guilin Sanjin Pharmaceutical Co, a medium-sized drug firm, on Thursday night received regulatory approval from the China Securities Regulatory Commission (CSRC) to seek a stock exchange listing, marking the resumption of IPOs since September last year. The company said it plans to float 46 million A shares on the Shenzhen bourse on June 29 and will start a road show for the same on June 22. "The restarting of IPOs of smaller firms rather than the big caps indicates that the government aims to stabilize the market," said Dong Chen, senior analyst, CITIC China Securities. "If the market does not panic after the new round of IPOs, the regulator will grant more approvals next week, but probably for small caps." Earlier reports said China State Construction Engineering Corp (CSCEC), the country's biggest home-builder, would probably be among the first batch of companies to issue 12 billion shares to the public and raise about 40 billion yuan. Based on the number of new shares to be issued and the average price-earning ratio on the secondary market, analysts said the 32 companies now waiting could raise as much as 70 billion yuan through their IPOs. "The loose monetary policy, coupled with the huge advance of the Shanghai Composite Index, has bolstered confidence that the stock market can withstand the added supply of stock," said Dong. "Meanwhile, the anticipation of gains on their investments may propel more investors to test the market waters, when the bullish trend becomes clear," he said. China's major market barometer has surged nearly 58 percent this year, thanks to the government's timely launch of the 4-trillion-yuan economic stimulus package and loose monetary policy. The resumption of IPOs is also expected to give a strong boost to brokerages whose earnings are expected to improve on the investment banking revenues. CITIC Securities gained 2.8 percent to 29.54 yuan, the highest in a year, while Sinolink jumped 10 percent to 21.46 yuan. Shares of medical companies also outperformed on news of drugmaker Guilin Sanjin's listing and the spread of the H1N1 flu virus. Beijing Tiantan Biological Products, a biological bacterin producer, jumped to its 10 percent daily limit for the second day in a row to 26.26 yuan after it said on Thursday that it had started to research bacterin for fighting the H1N1 flu virus.