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BEIJING, June 22 (Xinhua) -- Shang Fulin, chairman of the China Securities Regulatory Commission (CSRC), on Sunday vowed to deepen reform and boost regulation to promote a stable and healthy development of the capital market. The CSRC would rationally balance the market supply and demand, and regulate the pace of fund-raising, Shang told an interior meeting in Beijing. The stock regulator would encourage and steer funds into the market for long-term investment and gradually improve the inner market stabilizing mechanism. China's benchmark Shanghai Composite Index have fallen 54 percent from its all time high in mid October 2007. The steep decline came amid fears that the tightening measures would erode corporate profits and the equities supply would overwhelm demand. Analysts said the regulator has been delaying approvals of initial public offerings over the past couple of months to stabilize market that was hard-hit by weak investor sentiment. Shang noted the CSRC would boost cooperation with the prosecutors on crackdown on market manipulation, irregular information disclosure, and false information and rumors distributed to manipulate stock prices. Shang Fulin, chairman of the China Securities Regulatory Commission (CSRC)( It would also cooperate with other financial regulators to closely watch the impacts of the domestic and overseas economic operation and the global financial market on the domestic capital market. Shang said that during the process of market correction, some people deliberately spread rumors that disrupted market orders and increased volatility.
BEIJING, June 27 (Xinhua) -- China awarded 50 youngsters Friday evening for their bravery in the rescue after the May 12 earthquake that jolted the southwestern Sichuan Province. Li Changchun, member of the Political Bureau Standing Committee of the Communist Party of China (CPC) Central Committee, attended the ceremony and conferred awards to the young ethic models chosen by more than 50 million votes via telephone calls, fax and E-mails since the nationwide selection campaign was launched on June 6. Li Changchun, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, poses with honored youngsters in Beijing, capital of China, June 27, 2008. Li Changchun attended a party for honored heroical youngsters in the quake areas in Beijing on Friday.Lin Hao, a 9-year-old boy in Yingxiu Township, Wenchuan County who pulled out two classmates from the rubble, and other 19 students were awarded the honor of "heroic children" in quake rescue and relief, while the other 30 were titled "exemplary children". At the ceremony, Li Changchun said the heroic and touching deeds of these children have provided "vivid" models for ethic education and values shaping in the country. Li Changchun, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, hugs Lin Hao, a 9-year-old honored boy from the quake areas in Beijing, capital of China, June 27, 2008. Li Changchun attended a party for honored heroical youngsters in the quake areas in Beijing on Friday As part of the award, four senior high school graduates were enrolled by higher learning institutions without taking entrance examinations, including the prestigious Beijing University and Qinghua University. The Ministry of Education publicized a circular on Friday to schools nationwide, calling on all students to learn from the 50 models.
BEIJING, Oct. 8 (Xinhua) -- President Hu Jintao on Wednesday urged China to carry on the spirit of unity, courage, "people first" and scientific thinking that characterized the May 12 earthquake relief effort. At a ceremony in Beijing's Great Hall of the People to honor outstanding organizations and individuals for their contributions to the rescue and relief work, Hu said the spirit should be promoted among the Communist Party of China (CPC) members and the public. This would help advance the sound and rapid economic and social development. He said that in face of the major disaster, the CPC Central Committee had listed quake relief as the most important and urgent task for the Party and country as soon as possible. Quake relief headquarters under the State Council had been set up and a system to coordinate the military and local governments had been established to mobilize the nation to advance the quake relief and reconstruction. "We organized the fastest quake relief work with the most people mobilized in China's history, saved as many as possible lives and minimized the losses from the disaster," Hu said. The 8.0-magnitude quake was the most destructive one since the People's Republic of China was founded in 1949, with more than 30,000 aftershocks, affecting 500,000 square km over more than 10 provinces, autonomous regions and municipalities, including Gansu, Shaanxi and Chongqing. It was felt in 417 counties, 4,667 townships and 48,810 villages. It left 69,227 dead with 17,923 still missing. About 15.1 million people were displaced, Hu said. Direct losses exceeded 845.1 billion yuan (124 billion U.S. dollars) as infrastructure was destroyed and industrial and agricultural production was affected, causing major environmental damage. Party committees, governments, grassroots cadres and the people in quake-hit regions had responded quickly to the devastating quake, making the utmost effort to help themselves and others. Hu praised the 146,000 troops, armed police, reservists and police which had been mobilized for the anti-quake work, describing them as the "main force" and "commandoes." Chinese President Hu Jintao and other Chinese Party and state leaders including Wu Bangguo, Wen Jiabao, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang and Zhou Yongkang meet with representatives of the organizations and individuals who made major contributions to the relief work after the May 12 earthquake before the ceremony honoring organizations and individuals for their contributions to relief work after the May 12 earthquake struck southwest China, at the Great Hall of the People in Beijing, China, Oct. 8, 2008OUTSTANDING INDIVIDUALS, ORGANIZATIONS HONORED Hu, also the CPC Central Committee general secretary and Central Military Commission chairman, and other senior officials, presented awards to soldiers, police, grassroots cadres, teachers, medical workers, journalists, construction workers and volunteers, among others. A total of 319 governmental organs, Party committees, businesses and hospitals, as well as 522 individuals were honored at the ceremony attended by about 6,000 people and broadcast live nationwide. Five of the recipients were awarded posthumously for dying in the line of duty, including 23-year-old teacher Gou Xiaochao. Gou was in a classroom at Yong'an Village's primary school in Tongjiang County, Sichuan Province, when the whole building began shaking violently at 2:28 p.m. on May 12. Realizing it was a strong earthquake, he herded the shocked students out of the building. His actions saved dozens of schoolchildren before he was buried in hail of concrete and bricks. He died on the way to hospital, only 10 days after getting married. Policewoman Jiang Min is another heroine whose story is now known all over China. She lost 10 family members, including her two-year-old daughter and her mother, when the quake almost leveled her hometown, Beichuan County. Despite her tremendous grief, Jiang kept helping others affected in the quake. Hu Jintao said the May earthquake was "a great test of Chinese will, courage and strength, as well as the Party's ruling capability." "The relief work showed the great strength of the CPC and the socialist state, the great strength of the 1.3 billion Chinese people, the great strength of the reform and opening up, and the great strength of socialism with Chinese characteristics," he said. During his speech, Hu suggested people who attended the ceremony stand in silent tribute for compatriots who died in the quake and the martyrs who sacrificed themselves in the relief work. RECONSTRUCTION NOW A MAJOR FOCUS Hu said the anti-quake work had again proved China's system of socialism had great vitality for development with the advantage of "concentrating strength on big events." This proved people are the real driving force for the country's development. In addition, it proved the army is the "iron great wall" to protect the people and proved the CPC's core leadership role in developing socialism with Chinese characteristics. "We have gained precious experience in dealing with emergencies and combating major natural disasters," Hu said. Hu said the Sichuan quake caused huge loss of life and property and damaged economic and social development. The quake relief work had tested and demonstrated the great achievement of the last 30 years of reform and opening up. He stressed to fully implement the rebuilding policies after the disaster to build happy new homes for the quake-affected people, solving the problems concerned with their livelihood. Reconstruction should be scientifically planned and carried out step by step. "We should realize the goal of 'homes and jobs for each household, social security for everyone, improvement to local infrastructure, development of the economy and improvement to the environment,'" he said. People's basic living conditions and public service facilities should be resumed first and the working conditions should be resumed as soon as possible. "Currently, we should help the people get through the winter season safely." Hu urged the quake-affected people to work hard and other regions to provide support to the rebuilding. In addition to Hu, Chinese Party and state leaders including Wu Bangguo, Wen Jiabao, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang and Zhou Yongkang, and about 6,000 people attended the ceremony. Premier Wen, who presided over the ceremony, said the outlines and policies of the rebuilding would be well implemented
BEIJING, July 18 (Xinhua) -- Vice Premier Li Keqiang has urged officials and workers at the section of the Three Gorges in southwest China to ensure safety and quality for the project as the flood season draws near. The member of the Standing Committee of the Communist Party of China Central Committee Political Bureau made the remark at a meeting here on Thursday by the Office of the State Council Three Gorges Project Construction Committee. The Three Gorges Dam started discharging water earlier this month to lower the water level in the reservoir after excessive rainfall upstream. The discharge would continue as more heavy rain was expected on the upper reaches of the Yangtze River. Flood is discharged from the Three Gorges Reservoir through the dam in Yinchang, central China's Hubei Province, July 5, 2008. "The project is now entering the key post-construction phase. Meanwhile, the flood season is coming and our safety task is very arduous," said Li after hearing reports on the project by teams of experts, the Ministry of Land and Resources and other organizations, among them. Li stressed the evacuation and relocation of people living in the dam section was a long-term mission. Related organizations should see to their basic life requirements and employment by fulfilling policies on supporting migrants and training them for professional skills. The world's largest dam, 2,309 meters long and 185 meters high, is expected to help minimize damage caused by floods that might occur only once every 1,000 years. In addition, Li urged to build an ecological protection area around the dam to prevent water pollution, soil loss and mud-sand silting. He said the section of the Three Gorges Dam should be built as an ecological barrier for the Yangtze. The 22.5 billion U.S. dollar project was launched in 1993. Its 26 turbo-generators is designed to produce 85 billion kwh of electricity annually after their installation is completed at yearend. According to the office, more than 1.24 million people had been relocated and the project was going smoothly in terms of the local economic society development, environment construction and geologic disaster prevention.
BEIJING, May 16 (Xinhua) -- Chinese President Hu Jintao Friday went to Beichuan County of Mianyang City to visit people affected by the southwest China earthquake, encouraging them to be confident in overcoming hardships caused by the disaster. Hu first visited quake victims in Shengli Village, Leigu Town of Beichuan. More than 1,000 out of the 18,000 population in Leigu Town died or were missing in the quake. Chinese President Hu Jintao comforts a wounded woman in Mianyang, a city in quake-hit southwestern Sichuan Province, May 16, 2008.He encouraged them to be confident in overcoming hardships caused by the disaster.Hu went into a tent to talk to one family. Seeing the man's daughter was injured in the quake, Hu said, "We know you've suffered. The quake destroyed your house and injured members of your family. We feel your anguish. "The whole Party, army and all the people have been mobilized to support the quake relief work," he said. Hu went out the tent and said to people standing along the road, "We will make every effort to rescue stranded people, treat the injured and make proper arrangements for the victims, as well as helping you to rebuild your homes." Chinese President Hu Jintao consoles locals in a village in Beichuan county, May 16, 2008. He encouraged them to be confident in overcoming hardships caused by the disaster. He encouraged the victims to be strong, overcome difficulty with confidence, courage and strength. He then went to the Beichuan Middle School, where all the teaching buildings collapsed in the quake. Knowing there were still 300 teachers and students buried in the ruins, Hu said, "Saving lives is still an urgent task. We should rescue them by every possible means as long as there is a glimmer of hope." Hu also praised the troops conducting rescue work in Beichuan Middle School. Chinese President Hu Jintao in Beichuan county entrusts military medical personnels to take better care of a three-year-old girl who lost her mother in the devastating earthquake in Sichuan, May 16, 2008."You came to the frontline immediately, and threw yourself into the rescue work regardless of your own safety and made a great contribution. "You have given hope, confidence and strength to the quake-affected people," he said. Hu said the rescue work has entered a crucial stage. "You should be unafraid of fatigue and work around the clock, making great efforts to keep losses to a minimum." Chinese President Hu Jintao consoles locals in a village in Beichuan county, May 16, 2008. In a field clinic in the middle school, he kissed the face of Luo Mengxi, a three-and-half year old girl who lost her mother in the quake. He went back to Beichuan county seat and visited the Nanhe Sports Center, where more than 10,000 disaster-affected people were settled. He thanked the volunteers for their contribution to the rescue work. He also visited the Mianyang City Central Hospital, telling the medics to make every effort to treat the injured. Chinese President Hu Jintao consoles locals in a village in Beichuan county, May 16, 2008. He encouraged them to be confident in overcoming hardships caused by the disaster.Hu went to the quake-hit areas Friday to console quake-affected people and direct disaster relief operation. Hu arrived at Mianyang City at Friday noon after more than two hours of flight from Beijing. In the meeting room of the airport, he and Premier Wen Jiabao, who had been directing relief work in the disaster-hit areas since Monday, discussed the quake-relief work. The meeting said "rescuers must reach not only towns but also all villages." The survivors who had been rescued must be transferred to safer places in time, and children who lost their parents and elders who lost their family members in the quake must be properly cared for. Also Friday morning, Premier Wen Jiabao told Chinese media on a train in Sichuan that saving lives remained the top priority almost four days after the quake. "We won't give up if there is even the slightest hope of finding more survivors," he said. The death toll from the powerful earthquake rose to 22,069 nationwide as of 2 p.m. Friday, while 168,669 people were injured, according to the emergency response office of the State Council.