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TAIPEI, Oct. 4 (Xinhua) -- Taiwan is on high alert and taking early actions including pre-storm evacuations in expectation of typhoon Parma, barely two months after typhoon Morakot devastated the island.     More than 1,200 villagers from four counties including Nantou, Chiayi, Kaohsiung and Pingtung have been evacuated as of 1 p.m. on Sunday, in case of mudslides triggered by Parma. These people were sheltered in safer places, local authorities said.     "Taiwan has been working hard to get ready for the typhoon, in the hope of reducing people's losses. Even if Parma doesn't come, we take it as successful relief exercises," said Wu Den-yih, head of "Executive Yuan"on the island.     Wu and deputy head Chu Liluan inspected precaution work against the typhoon in various places on Sunday.     It started raining after noon Sunday in Taitung County, and evacuation in several villages were completed in the evening. Classes in a village schools would be suspended on Monday, local media reported.     Chou Hsi-wei, head of Taipei County, said on Sunday authorities of cities, towns and counties could decide by themselves whether to suspend classes or work.     In early morning of Sunday, Taiwan's meteorological authorities issued warnings of torrential rain across the island from Sunday to Wednesday. Local observatory also forecast heavy rainstorms in northern, eastern and southermost Taiwan from Sunday to Monday.     The island's rescue authorities have prepared 70 helicopters and more than 100 ships for disaster relief operations.

HONG KONG, Sept. 28 (Xinhua) -- The launch of Renminbi sovereign bonds in Hong Kong on Monday shows China's efforts to boost the international use of the yuan step by step, officials and analysts said.     The bond issue, worth only 6 billion yuan (878.5 million U.S. dollars), marked a key milestone in the internationalization of the RMB.     Hong Kong was chosen for, and will benefit from, the milestone bond sale thanks to its unique position as the international financial center providing desired cushion against the potential risks when the program was launched, analysts said.          BOOSTING INTERNATIONAL USE OF RMB     The bond issue in Hong Kong came earlier than expected, said Hu Yifan, an economist with CITIC Securities.     "The need for the RMB to go international and convertible has been growing along with the increasing importance and openness of the Chinese mainland economy and the risks arising from over- reliance on the United States dollar as the reserve currency," said Tse Kwok-leung, head of economic research of Bank of China ( Hong Kong) Limited.     China has been launching pilot RMB programs over the years, but the pace has obviously quickened since the onset of the global financial crisis. Pilot RMB programs launched in Hong Kong over the past 12 months also included yuan-denominated cross-border trade settlement and trade financing, yuan bonds issued by policy banks, commercial lenders and the branches of foreign banks, and currency swaps.     The sovereign bond issue would help "boost the international use of the RMB in a steady and orderly manner," the Chinese Ministry of Finance quoted Acting Chief Executive of the Hong Kong Special Administrative Region (HKSAR) Henry Tang as saying.     The sovereign bond sale in Hong Kong serves the purpose of water testing to "see how it is received by international investors." Hong Kong has a unique strength in that it provides the desired cushion against potential risks when the pilot programs were launched, given that the mainland capital market was yet to open up, Tse said.          BOOSTING NASCENT BOND MARKET IN HONG KONG     The bond issue ahead of the Chinese National Day showed the central government's support for Hong Kong, Vice Minister of Finance Li Yong said.     It will help Hong Kong build on its strength as an international financial center by boosting the nascent bond market in Hong Kong, Tse Kwok-leung said.     "It calls for a banking system, a stock market and a bond market, all developed, to make a developed international financial center," Tse explained.     Hong Kong has been aspiring to be the leading international financial center in the Asian time zone.     Government statistics showed that the total assets of Hong Kong's banking system and the size of its stock market were both about six times its gross domestic product, compared with a bond market equivalent to 43 percent of its gross domestic product.     Bonds issued in Hong Kong in 2008 totaled 424.4 billion HK dollars (54.4 billion U.S. dollars), with 67 percent issued by the Hong Kong Foreign Exchange Fund, which was established to defend the Hong Kong dollar peg to the U.S. dollar.     The other 33 percent were accounted for by development banks from outside Hong Kong and corporate bonds issued by local players. There were no sovereign bonds.     Tse said the bond issue will also help improve the liquidity of, and diversify, the local bond market. It will also improve the operation of the RMB bond market in Hong Kong by helping find the benchmark interest rate in the local market.     Tse said the demand for sovereign bonds issued by an economy as strong as the Chinese mainland was huge, given the impact of the global financial crisis on the corporate bond market.     Vice Minister of Finance Li Yong also said he believed the bonds will be well received.     "I believe the RMB sovereign bonds will prove popular with investors looking for safe and prudent investments. I definitely think it will be successful," Li said.

BEIJING, Sept. 26 (Xinhua) -- Chinese farmers would see their income continue to rise this year, Vice Minister of Agriculture Chen Xiaohua said at a press conference Saturday.     "As China's economy is recovering, there are more and more positive factors supporting the increase of farmers' income," said Chen.     Farmers' per capita cash income in the first half of this year reached 2,733 yuan (400 U.S. dollars), up 8.1 percent year on year. But the increase rate was 2.2 percentage points slower than that in the same period last year, according to Chen.     "The growth is remarkable and the statistics are pleasing. However, China is still short of a long-term mechanism for increasing farmers' income and efforts need to be made to increase the channels for farmers to earn more money," said Chen.     In the past, farmers' income was mainly driven up by increased grain production or raised prices. "Now, we should push forward agricultural industrialization to let market guide grain planting and agricultural production," Chen said.     Chen also stressed the importance of creating more jobs for surplus rural laborers in a bid to increase their salary income.     The salary income mainly comes from the earnings from working in local or urban enterprises.     The economic crisis reduced the number of Chinese migrant workers, with the current number standing around 225 million. In the second quarter this year, this number increased 2.6 percent from the first.     Chen also said the government will increase fiscal support for farmers in subsidizing their purchase of seed, diesel, fertilizer and other production materials.     The central government always gives priority to increasing farmers' income, he said.     "Local authorities should make every effort to keep increasing farmers' income to shore up rural development and to ensure stable and rapid economic development," Chinese Vice Primer Hui Liangyu said at a rural work conference held in China's eastern city of Hangzhou from Thursday to Friday.

MOSCOW, Oct. 15 (Xinhua) -- The future of Russia-China relations is looking bright following Russian Prime Minister Vladimir Putin's three-day visit to China, which included the 14th Chinese-Russian prime ministers' meeting with Chinese Premier Wen Jiabao. Chinese President Hu Jintao, who met with Putin on Wednesday, the last day of his visit, spoke highly of the development of the China-Russia strategic partnership of coordination and the results of the 14th regular meeting between Putin and his Chinese counterpart.     Hu said China was willing to exert joint efforts with Russia and take the opportunities to further enhance political mutual trust, deepen pragmatic cooperation, especially cooperation on energy, high technology and culture, to elevate the China-Russia strategic partnership of coordination to a new high. Chinese President Hu Jintao (R) meets with Russian Prime Minister Vladimir Putin in Beijing, capital of China, Oct. 14, 2009    USHER IN A NEW STAGE IN BILATERAL TIES     China-Russia ties have become mature and stable since the forging of bilateral diplomatic ties 60 yeas ago, particularly since the establishment of the China-Russia strategic partnership of coordination in 1996.     The partnership has reached an unprecedented high level and maintains a sound momentum of rapid development.     The development of China-Russia relations has not only brought tangible benefits to both peoples, but has gone far beyond the relationship between the two countries and become a significant factor in facilitating world peace and stability.     Wen, during talks with Putin, stressed that China was ready to work with Russia to take the China-Russia strategic partnership of coordination to a new phase.     Putin, in an interview with Xinhua and other major Chinese media, said Russia-China cooperation is one of the most important cornerstones of world stability. Chinese Premier Wen Jiabao (R Front) shakes hands with Russian Prime Minister Vladimir Putin (L Front) after signing the joint communique of the 14th regular prime ministers' talks between China and Russia, at the Great Hall of the People in Beijing, capital of China, Oct. 13, 2009The joint communique, signed after the regular meeting between Wen and Putin, reiterated that the China-Russia strategic partnership of coordination was the priority of both countries' foreign polices.     The two sides would observe the principle and spirit of the treaty on good-neighborly and friendly cooperation, firmly reinforce strategic coordination and pragmatic cooperation, jointly tackle new threats and challenges, and push for a multi-polar world and the democratization of international relations.     During Putin's stay in Beijing, the two countries inked an agreement on mutual notification of ballistic missiles and launch of carrier rockets, demonstrating the extraordinary level of strategic mutual trust.     BOOSTING BILATERAL TRADE & ECONOMIC COOPERATION     High on Putin's agenda for his trip was to widen cooperation fields and move forward pragmatic trade and economic cooperation.     An enhanced China-Russia strategic partnership of coordination has greatly boosted bilateral trade and economic cooperation, with the two-way trade volume soaring to 56.8 billion U.S. dollars last year from barely several billion dollars in early 1990s. Chinese Premier Wen Jiabao (R Front) and Russian Prime Minister Vladimir Putin (L Front) meet the entrepreneurs' delegates who are here to attend the Fourth China-Russia Economic and Trade Summit Forum at the Great Hall of the People in Beijing, capital of China, Oct. 13, 2009However, bilateral trade was hit hard by the international financial crisis. The regular meeting between prime ministers agreed that the two countries would use tough measures to jointly handle the economic downturn and ensure the general trend of constantly broadening and deepening trade and economic ties.     During the visit, Putin was accompanied by a group of Russian business people, who signed with their Chinese counterparts deals worth 4 billion U.S. dollars. The two countries clinched an array of cooperation documents, including agreements and memorandums on natural gas, oil, an express railway, the space industry and nuclear energy.     Although the bilateral trade volume shrank, both sides' position in each other's foreign trade ties became more prominent and the trade structure is improving gradually. Progress has been made on investment cooperation and more joint projects such as lumber processing, resource exploitation and infrastructure construction have been carried out on Russian territories.     In particular, the two countries are pushing forward large-scale oil and gas projects in a steady manner. The launch of the China-Russia oil pipeline project marked a new stage of long-term and strategic cooperation in the oil sector. The two sides will also advance gas cooperation in accordance with a memorandum of understanding on gas cooperation reached in June.     Meanwhile, the two states are fulfilling an outline of regional cooperation between Northeast China and the Russian Far East Area and Eastern Siberia, which envisions prosperous cooperation between border regions.     The economies of China and Russia are mutually complementary and in a critical phase in development. As long as they plan from a long-term perspective, display their strengths and cooperate closely, they will overcome the current difficulties and realize a win-win situation.     BEEFED UP CULTURAL COOPERATION     On Tuesday, Putin and Wen attended an evening gala to mark the 60th anniversary of bilateral diplomatic ties at the Great Hall of the People in Beijing. They also celebrated the success of the Year of Russian Language in China. Russian performers dance during an evening gala to celebrate the 60th anniversary of the establishment of diplomatic relations between China and Russia at the Great Hall of the People in Beijing, capital of China, Oct. 13, 2009. Chinese Premier Wen Jiabao and his Russian counterpart Vladimir Putin attended the evening gala. The evening gala also marked the end of a half-year-long program, "Year of Russian Language" in ChinaThe reciprocal language years, Year of Russian Language in China in 2009 and Year of Chinese Language in Russia in 2010, is an important step to enhancing bilateral cultural cooperation under current conditions.     Leaders of both countries have always attached great importance to exchanges between the two peoples, especially the youth, which would promote the understanding and friendship between the them and thus consolidate the social foundation of the China-Russia strategic partnership of coordination.     More than 200 events, which involved tens of thousands of people, were staged during Year of Russian Language in China. Putin said that Year of Chinese Language in Russia would see a series of activities that would interest the young, experts and scholars, and fans of the Chinese culture.     During Putin's visit, the two countries also signed a deal on forming culture centers reciprocally, and agreed to further exchanges between students, youth and education circles, as well as stepping up cooperation on tourism, health and care, sports, media and the film industry.     There is reason to believe that, with the efforts by both sides, China-Russia cultural cooperation will yield more fruitful results and lay a solid foundation for the Sino-Russian strategic partnership of coordination.

BEIJING, Oct.17 (Xinhua) -- China's civil aviation industry made profits of 9.1 billion yuan (about 1.33 billions U.S. dollars) in the first nine months of 2009, despite the punch by the financial crisis on the world's civil aviation industry, said the Civil Aviation Administration of China (CAAC) on Saturday.     Domestic air passenger traffic volume grew by 23.6 percent from a year earlier in first nine months of this year.     Performance of small airports, those that handle less than 1 million passengers annually, were most inspiring, said Li Jiaxiang, director with the CAAC, at the 2009 China International General Aviation Convention held in northwest China's Shaanxi Province on Saturday.     Li said that passenger volume of small airports grew 26.7 percent year on year to 14.87 million in the first half.     He contributed the vibrant performance of small airports and regional air routes to the more balanced economic development of China's different regions in recent years, which was the result of the country's strategies to develop the relatively poor western and central regions and to revive the old industrial base in northeastern regions.     Besides, the fact that Chinese people are becoming richer and CAAC's policies carried out last year to subsidize small and medium-sized airports and regional air routes also helped the passenger volume rise of small airports, said Li.     By the end of 2008, China had 116 small airports, accounting for 73 percent of the total number of the country's airports.