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BEIJING, Feb. 27 (Xinhua) -- Chinese President Hu Jintao has urged all officials receiving public grievances to learn from the hard working style of the late Pan Zuoliang (1965-2008). Pan had worked as director of the Letters and Calls Bureau of Liaozhong County, Liaoning Province, northeast China, until May 9,2008, when he died of a sudden cerebral hemorrhage on duty. Pan Zuoliang (1965-2008) had worked as director of the Letters and Calls Bureau of Liaozhong County, Liaoning Province, northeast China, until May 9,2008, when he died of a sudden cerebral hemorrhage on duty."Build the letters and calls departments into a sector that is first-class regarding their work and satisfactory to the people," said Hu, also general secretary of the Communist Party of China (CPC) Central Committee, in an instruction to a meeting of officials at the Great Hall of the People, in central Beijing, Friday. Prior to the gathering, Zhou Yongkang, a member of the Standing Committee of the CPC Central Committee Political Bureau, called Pan a model for grassroots Party members and officials. "Pan had always lived among the people and helped the Party and the people to get over difficulties," he said. People send Pan's coffin off spontaneously. Pan Zuoliang (1965-2008) had worked as director of the Letters and Calls Bureau of Liaozhong County, Liaoning Province, northeast China, until May 9,2008, when he died of a sudden cerebral hemorrhage on duty.Zhou urged all officials to "prevent and resolve inharmonious, unstable factors" in the country. After his death, Pan was made an "Excellent Letters and Calls Official Who Help the Party and the People Resolve Difficulties" and a "National-level Excellent Letters and Calls Official" by the Liaoning Provincial Communist Party Committee and the State Bureau for Letters and Calls.
MOSCOW, March 30 (Xinhua) -- Russia and China "have similar positions" on the reform of the international financial system, Russian presidential aide Arkady Dvorkovich said Monday. Both Russia and China have voiced support for the notion of a "supra-national reserve currency," and the two countries have held discussion over the issue, Dvorkovich told reporters at a briefing. "Indeed, we have similar positions," Dvorkovich said, adding the G20 London summit may initiate broad consultation over the issue. The applicability of a supra-national reserve currency in the international balance and trade can be taken into consideration in the short term, said Dvorkovich, who added there is yet no serious discussion about using the currency in the cash flow. The presidential aide also said Russian Ruble and Chinese Yuan should be included in the basket of the IMF's Special Drawing Rights (SDRs). When speaking of the upcoming meeting between Chinese President Hu Jintao and his Russian counterpart Dmitry Medvedev on the sidelines of the London summit, Dvorkovich noted it revealed the significance of bilateral ties for both countries. Sharing a profound prospect for further cooperation, Russia and China have huge potentials for cooperation in the fields like energy, industry, service and cultural exchanges, he added. Dvorkovich told Xinhua that having great potential for cooperation, BRIC (Brazil, Russia, India and China) share "similar interests" on the assurance of the world's stable economic growth and the reconstructure of the international financial supervision system. BRIC will continue to play a bigger role in the future global economic and financial system, he said. Yet the four countries will not issue a joint statement alone at the G20 summit, since only one comprehensive statement, indicating all parties' agreed stance, will be passed at the summit, he added.

BEIJING, March 9 (Xinhua) -- China will not revise the Labor Contract Law to compromise workers' rights as suggested by some people to help enterprises cope with the global financial turmoil, a legislator said here Monday. "The labor contract law has nothing to do with the financial crisis and won't be revised for it," said Xin Chunying, deputy director of the Legislative Affairs Commission of the Standing Committee of the National People's Congress (NPC), China's legislative body. "China's labor relations are basically stable and orderly, and it can weather through the test of time," she told a press conference on the sidelines of NPC's annual session, when asked if the law will be changed because increased labor costs have led to rising cases of bankruptcy on the Pearl River Delta. Citing a survey that tracts figures in the first nine months of the 2008, she said the law has indeed driven up enterprises' labor costs by two percent, but it has also greatly curbed labor relations issues that have been afflicting workers as well as employers for years. Such chronical issues include the tendency of employers avoid signing long-term contracts with employees, the lack of proper protection of workers' rights, said Xin. The proportion of workers protected by a written labor contracts in "sizable enterprises" has witnessed a remarkable rise since the labor contract law took effect in January 2008, she said. "Sizable enterprises" is a statistical term in China that refers to all state enterprises or private firms with an annual turnover of two million yuan if they are manufacturers, or five million yuan if they are in trade. According to Xinhua, 93 percent of the workers in "sizable enterprises" have signed contracts with their employers, compared to less than 20 percent before the enaction of the new law. Li Shouzhen, a senior official with the All China Federation of Trade Unions, said at the same press conference that the federation is against the lifting of the minimum wage standard. The minimum wage standard was a major measure to safeguard workers' rights. "Abolishing the standard will hurt employee's initiative and confidence in tiding over difficulties with enterprises," he said. "Eying long-term development, the employers should strive to pool wisdom and strength of the employee and optimize company structure," he said. "Don't have your eyes on the employee's salary alone," he said. The minimum wage standard in the country varies from city to city, with the southern Shenzhen city reporting the highest standard of 1,000 yuan a month.
LONDON, April 2 (Xinhua) -- Chinese President Hu Jintao on Thursday called on the international community to join hands to tide over the current global financial crisis at the second Group of 20 (G20) financial summit here. As the financial crisis continues to spread and deepen and its impact on the world's real economy becomes increasingly evident, the international economic and financial situation remains complex and grave, Hu said. Chinese President Hu Jintao attends the Group of 20 summit in London, Britain, April 2, 2009.The Chinese president called on the international community to strengthen confidence to confront difficulties. "We have the enabling conditions to tackle the financial crisis," Hu noted, saying that the world economy is "on a solid material and technological footing." The world has far more macro regulatory tools than before and also the common will to enhance coordination and cooperation, he added. "As long as we strengthen confidence and work together, we will tide over the difficulties and achieve our shared goals," said the Chinese president. Chinese President Hu Jintao (2nd R) talks with British Prime Minister Gorden Brown (R) as they prepare to pose for a family photo during the Group of 20 summit in London, Britain, April 2, 2009He then urged the international community to further intensify cooperation to fight the crisis as no country can stay immune from the crisis. "The only right choice is for all of us to work together and deal with it," he said. Hu described the G20 as an important and effective platform for concerted international efforts to counter the economic and financial crisis. At the summit, the Chinese president also called for advancing reform of the international financial system, saying the world should work together to build "a fair, just, inclusive and well-managed international financial order." Hu also stressed opposition to protectionism. "We should work together to oppose trade protectionism in all manifestations and reject attempts to raise the market access threshold under various excuses and all forms of investment protectionism that harm the interests of other countries," he said. The Doha round of global trade negotiations is crucial to global trade liberalization, he said. In his speech at the summit which gathered leaders from major developed and developing nations, the Chinese president urged further support to developing countries in time of difficulty. He called for minimizing the damage of the financial crisis on developing countries and urged the world community, developed nations in particular, to assume due responsibilities and obligations. They should "continue to fulfill their commitments to debt reduction and aid, take concrete measures to maintain and increase assistance to developing countries, help them uphold financial stability and promote economic growth," Hu said. Speaking of the impact of the crisis on China, Hu said the global financial turmoil has brought unprecedented difficulties and challenges to China. In order to combat the crisis and maintain steady and relatively fast economic growth, China has made timely adjustment to its macroeconomic policies, swiftly adopted a proactive fiscal policy and a moderately easy monetary policy, and formulated a package plan to expand domestic demand and boost economic growth, Hu said. "China will continue to work with the rest of the international community to enhance macroeconomic policy coordination, advance the reform of the international financial system, maintain the stability of the multilateral trading system and contribute its share to world economic recovery," Hu told other leaders attending the summit in London. At the summit in London, leaders of the G20 reached consensus on how to save the world out of the financial crisis, including a pledge of 1.1 trillion U.S. dollars to revive the world economy, a joint call to fight protectionism, and concrete actions to tighten banking regulation. Among the additional funds to be injected into international financial institutions, 500 billion dollars will go to the International Monetary Fund to support lending to countries hit hard by the crisis, 250 billion dollars will be used to support a new Special Drawing Rights (SDR), 100 billion dollars will support additional lending by the multilateral development banks, and 250 billion dollars will be devoted to guarantee trade finance. The G20 leaders agreed on extending regulation and oversight to all systematically important financial institutions, instruments and markets, including systematically important hedge funds for the first time. They also agreed on extending regulatory oversight and registration to credit rating agencies to ensure they meet the international code of good practice, particularly to prevent unacceptable conflicts of interest. The leaders reiterated their opposition to trade protectionism and their readiness to boost global trade and investment. They agreed another G20 summit will be held within this year.
BEIJING, April 5 (Xinhua) -- China will strengthen oversight of listed securities companies by promoting information transparency. On Saturday, China Securities Regulatory Commission (CSRC) introduced a regulation which said securities companies should remind investors about potential risks when shareholders decide to launch a new business or introduce an innovative business. The annual report and half-year report by listed securities companies should include risk assessment conditions, as well as reasons for risk and probable effects. Photo taken on April 1, 2009 shows a woman smiles before a stock price electronic board in Beijing. China's benchmark composite stock index on the Shanghai Stock Exchange closed at 2408 points on Tuesday In addition to the annual operation report, companies were asked to deliver a supervision and monitoring annual report which includes audit and accounting information. If a company or high-rank official is involved with serious illegal activity, and that results in worsening financial condition, the company should inform all shareholders. The CSRC said the regulation, which was made on the basis of the Securities Law, took effect April 3.
来源:资阳报