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BEIJING, Aug. 23 (Xinhua) -- China's insurance capital investments hit 2.45 trillion yuan (358 billion U.S. dollars) in the first seven months of this year, according to the country's insurance regulator. In July alone, the investments from insurance funds stood at 120.4 billion yuan, China Insurance Regulatory Commission (CIRC) said in a report on its website. Of the total insurance investment value, about 332 billion yuan, or 9.8 percent, went to the stock markets by the end of the second quarter of this year. During the same period, mutual funds investments suck 228.45 billion yuan, or 6.8 percent from the insurance capital. A booming equities market and an optimistic attitude towards the country's stock markets had led to an increasing investments, said the CIRC. Comparatively, in the first seven months, bank deposit of China's insurance capital decreased to 1.03 trillion yuan, 15.23 billion yuan less than in the first six months. The CIRC's statistics also reflected a slowdown increasing rate in premium income in the first seven months. Premium income was 678.64 billion yuan, representing a small increase of 80 billion yuan than the June figure.
BUCHAREST, Oct. 18 (Xinhua) -- Chinese Vice President Xi Jinping arrived here on Sunday to start his official visit to Romania after he concluded a visit to Hungary. In a written statement upon his arrival at the airport, Xi said China and Romania have enjoyed long-term friendship, and they have enhanced political trust, cooperation in various areas, and coordination in dealing with international affairs since they forged diplomatic ties six decades ago. Noting that the Chinese government values relations with Romania, Xi said his visit was to cement traditional friendship and reciprocal cooperation by taking the chance of 60th anniversary of bilateral ties. Chinese Vice President Xi Jinping (1st R) arrives in Bucharest for an official visit to Romania on Oct. 18, 2009 "I expect to exchange views with the Hungarian leaders on bilateral relations and international and regional issues of common concern," he said. He also voiced his belief that the visit would promote traditional friendship and push forward the comprehensive, friendly and cooperative partnership with Romania. Romania is the last leg of Xi's five-nation European tour. He already visited Belgium, Germany, Bulgaria and Hungary.
BEIJING, Oct. 10 (Xinhua) -- Chinese Vice Premier Li Keqiang Saturday urged for greater efforts to guarantee the high quality of key construction projects and projects typically to improve the people's livelihood. Li made the remarks at the opening ceremony of the Second China Tendering and Bidding Forum held in Beijing. "Along with the growing economy and expanding investment, the quality and benefits of key construction projects should be put in more important positions", Li emphasized. Chinese Vice Premier Li Keqiang (L,front) speaks during the opening ceremony of the Second China Tendering and Bidding Forum in Beijing, Oct. 10, 2009 Under the circumstances of global financial crisis, when China is promoting its domestic demand, the efficiency of investment fuelling economic growth should be strengthened, said Li. Li said the system of tendering and bidding and government procurement played an important role in guaranteeing the high quality of key construction projects and projects for people's livelihood. Li also stressed the significance of safety during construction and called for efforts to prevent corruption in the projects.
HARBIN, Aug. 2 (Xinhua) -- China's chief justice has urged people's courts around the country to make more efforts to maintain social harmony by improving the judges' ability to better resolve public grievance and resentment. Wang Shengjun, President of the Supreme People's Court, made the remarks during his visit to northeast China's Heilongjiang Province on Sunday. The people's courts at all levels should organize more professional trainings for the judges to improve their practical abilities required for better handling the people's discontent, Wang said. The courts should encourage more young judges to work at grassroots positions in which they will encounter complaints and deal with group incidents in the front line, he said. The people's courts around the country should also improve their working efficiency by adopting more equipment and infrastructure with information technologies, Wang said.
UNITED NATIONS, July 29 (Xinhua) -- UN Secretary-General Ban Ki-moon said here on Wednesday that he was pleased with what China is doing to contain climate change and what the Asian country will do in negotiations that will lead to an agreement at the Copenhagen summit on climate change in December. Ban told his monthly press conference that "I was pleased that (Chinese) President Hu Jintao and Premier Wen Jiabao assured me that China wants to seal a deal in Copenhagen in December and that China will play an active and constructive role in the negotiations to achieve this end." During his meeting with the Chinese leaders, "we also agreed on the importance of global leaders showing the way and discussed in detail the Climate Change Summit in New York on Sept. 22," Ban said. "I wanted to highlight the special responsibility of countries like China to lead the global fight against climate change, as well as highlight all that China is doing," he said. "Come September, we will be entering a crucial stage on climate change." "Climate change was the major focus of my trip to Asia," he said. "In particular, I helped to launch an ambitious program to promote energy saving lighting which could reduce China's energy consumption by 8 percent," he said. "This is a major step into the21st century." The overall goal for the Copenhagen Summit, slated for Dec. 7-18, is to establish an ambitious global climate agreement for the period 2012. In order to have "a robust agreement on adaptation in Copenhagen," he said, "I continue to press for achieving a fair, effective and scientifically ambitious deal in Copenhagen that can benefit all nations." "That's why I am convening the September climate change summit," Ban said. "We expect more than 100 heads of state and governments -- the largest gathering of leaders on climate change ever." "Two years ago, only a few leaders could speak to these issues," he said. "Today, leaders are walking the road to Copenhagen together." "But, we have less than five months to seal a deal," he said. "To keep up the momentum, I will travel to arctic polar ice rim later next month to get a first-hand look at conditions there -- in particular the melting sea ice." "I will then go on to the World Climate Conference in Geneva organized by the World Meteorological Organization," he said.