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BEIJING, Jan. 5 (Xinhua) -- Chinese exporters face an increased risk of not being paid for their goods as foreign banks run out of cash and some overseas importers evade paying debts, China's Ministry of Commerce (MOC) warned Monday. "The cases of malicious debt evasion and breach of contracts by importers in certain countries or regions are on the rise," said the ministry in a notice. It attributed the phenomenon to the impact of the deepening global financial crisis. The MOC urged local governments, guilds and overseas Chinese businesses to more closely monitor the credit of foreign importers. Priority should be placed on tracking the credit ratings of foreign lenders, it said. The ministry also called on local governments to support the development of export credit insurance and encourage exporters to carry such insurance by reducing premiums. From January to November last year, China Export & Credit Insurance Corporation (SINOSURE) provided 56.5 billion U.S. dollars of guarantee for exporters against credit risks such as payment default. That is 63.6 percent higher than the same period a year earlier. The reason for the increase is that more exporters sought insurance, company figures show. SINOSURE is China's only policy insurance company undertaking export credit insurance. In that period, SINOSURE paid 210 million U.S. dollars of indemnities, up 174.5 percent from the same period of 2007. In December, the insurer reduced credit ratings for a record 48countries, including the United States. A total of 191 countries were reappraised in December.
BEIJING, Dec. 7 (Xinhua) -- A Tibetan postwoman walking over 200,000 kilometers in ten years to send mails for mountain villagers, a Beijing Olympic champion and a rocket engineer have been selected as Chinese youth's role models in 2008, it was announced on Sunday. Others honored as the top ten Outstanding Chinese Youth of the Year included two journalists, a worker at a joint venture auto company and a soldier soprano, the All-China Youth Federation, organizer of the annual activity, said in a brief statement. Although the federation published little information of the ten winners on Sunday, their inspiring stories had been intensively reported through the media. All of their stories are about selfless devotion to career, remarkable contribution to the well-being of fellow country people, and great inspiration. Nyima Lamo, a 32-year-old Tibetan woman, has been working as a mailwoman for almost ten years for mountain-locked villages in Deqin County, southwest China's Yunnan Province, according to a report on the website of the China Central Television (CCTV). Because poor road conditions made transportation impossible, Nyima Lamo has to walk on foot across deep valleys and snow-capped mountains, often risking her life, in order to send mails to villagers. She would not take pregnancy leave even when she was nine months pregnant because she did not want to delay letters, the report said, adding that the total length of roads Nyima Lamo had walked was more than 200,000 km. Zhao Haiqing's story touched millions of Chinese after his hometown in Beichuan County of Sichuan Province was deadly struck by an 8.0-magnitude earthquake on May 12. The 36-year-old village official, also injured in the quake, led fellow villagers to rescue 67 people trapped under debris and transport over 2,100 injured people to hospitals. However, he lost six family members including his son and parents in the earthquake, said a CCTV report. Defending champion Liu Chunhong broke all the world records in the women's 69 kilogram weightlifting category of the Beijing Olympic Games on Aug. 13, making herself a household name overnight. Song Zhengyu, a 38-year-old rocket expert, also won nationwide respect for his great contribution to the development of the Long March family of rockets, which successfully sent the manned Shenzhou-7 spacecraft on September 25. The ten people were selected out of 30 candidates throughout the nation. The awarding ceremony will be held in January 2009.

SHIJIAZHUANG, Dec. 31 (Xinhua) -- The trial at a court here in Hebei Province of four executives of the Sanlu Group, the major dairy at the center of China's tainted milk scandal, ended without an immediate verdict at 10:10 p.m. on Wednesday. The trial opened at 8 a.m. Prosecutors accused Tian Wenhua, Sanlu's former board chairwoman and general manager, and three other executives of producing and selling fake or sub-standard products. Sanlu Group Co., Ltd., represented by its trade union chairman Ran Weiguang, was also a defendant. The three other executives are former deputy general managers Wang Yuliang and Hang Zhiqi, and Wu Jusheng, a former executive in charge of the milk procurement division. All four defendants were arrested on Sept. 26. At the end of the trial, Ran, on behalf of Sanlu, offered apologies to children sickened by the tainted milk and their families. The verdict will be announced at an unspecified future date.
BEIJING, Jan. 31 (Xinhua) -- A senior official with Communist Party of China (CPC) has urged to ensure social equity and maintain social stability in promoting the country's economic growth. Zhou Yongkang, member of the Standing Committee of the Political Bureau of the CPC Central Committee, made the remark in an article to be published in the journal Qiushi (Seeking Truth), run by the Central Committee of the Communist Party of China on Feb. 1. Zhou, also secretary of the Political and Legislative Affairs Committee of the CPC Central Committee, said that law enforcement organs should push forward reforms of working mechanism and judiciary system. He also stressed that all the law enforcement organs should well comprehend and implement the Scientific Outlook on Development, the Party's new creed, and maintain social stability to celebrate the new China's 60th anniversary of founding on Oct. 1.
Jia Qinglin (L), member of the Standing Committee of the Communist Party of China Central Committee Political Bureau and chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), meets with Chairman of Chinese Taiwan's ruling Kuomintang party Wu Poh-hsiung in Shanghai, east China, on Dec. 19, 2008. SHANGHAI, Dec. 19 (Xinhua) -- China's top political advisor Jia Qinglin met with visiting Kuomintang (KMT) chairman Wu Poh-hsiung and honorary chairman Lien Chan respectively here Friday. Wu and Lien were here to attend the 4th Cross-Straits Economic, Trade and Cultural Forum, scheduled for December 20 to 21. The relations across the Taiwan Strait has realized positive interactions with efforts by both sides, by the Communist Party of China (CPC) and KMT, under a principle of building mutual trust, laying aside dispute, seeking consensus and shelving difference, and creating a win-win situation, said Jia. "We truly hope compatriots from the two sides will join hands and the CPC and KMT will work together to create a new stage of peaceful development across the Strait." When the international financial crisis affected both sides of the Strait, the mainland and Taiwan should cooperate to face it and find a way out, he said. "We could feel the difficulties Taiwan people are facing now." Jia Qinglin (R), member of the Standing Committee of the Communist Party of China Central Committee Political Bureau and chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), meets with Chairman of Chinese Taiwan's ruling Kuomintang party Wu Poh-hsiung in Shanghai, east China, on Dec. 19, 2008. The Cross-Straits Economic, Trade and Cultural Forum will be a favorable platform of dialogue for the two sides, he added. "We are very pleased to see that the cross-Strait dialogue was resumed after a ten-year standstill and direct links of transport, trade and mail services were realized. These achievements are hard won," Wu said. The meeting between CPC Central Committee General Secretary Hu Jintao and then KMT Chairman Lien was of far reaching significance, he said. "Once we decided to head for a peaceful development, we will move on instead of backing up," he said. "KMT has the courage to overcome difficulties and persistently push forward the peaceful development of the cross-Strait relations." Jia Qinglin (R), member of the Standing Committee of the Communist Party of China Central Committee Political Bureau and chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), meets with Lien Chan, honorary chairman of Chinese Taiwan's ruling Kuomintang party, in Shanghai, east China, on Dec. 19, 2008. Lien said he was excited to see the new situation of the cross-Strait relations this year. The previous three Cross-Straits Economic, Trade and Cultural Forums created a favorable and close environment of dialogue, he said. "At the coming forum, representatives of various walks of life from both sides shall exchange ideas and reach common understanding. This is what people on the both sides expect."
来源:资阳报