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TAIPEI, Sept. 11 (Xinhua) -- Financial organizations from the Chinese mainland and Taiwan have stepped up cooperation to take advantage of business opportunities brought by a landmark cross-Strait economic pact, the Economic Cooperation Framework Agreement (ECFA).The board of directors of Taiwan-based Taishin Financial Holdings decided on Sept. 9 to sign a cooperation agreement with mainland-based Nanjing Zijin Investment Co., a move hailed by the company as "the first step to enter the mainland."The agreement aims to promote exchanges and cooperation between the two companies and their subsidiaries, while Nanjing Zijin will ease the way for Taishin's new operations on the mainland, Taishin said.The company's Taishin Bank is also planning to set up an office in Nanjing, capital of east China's Jiangsu Province.Prior to this, China Huarong Asset Management Corporation (CHAMC) and Taiwan-based SinoPac Holdings signed an agreement in Beijing on Sept. 3 to begin a new strategic cooperation. According to the agreement, the two sides will cooperate in personnel training, exchange of management experiences and information, as well as in research, development of new products and new business models.Huarong President Lai Xiaomin said the ECFA would promote a quickening flow of economic resources across the Taiwan Strait, including the movement of personnel, materials, capital and information."The ECFA will bring great business opportunities for cross-Strait economic development and boost cooperation between financial institutions on both sides, thus bringing new development opportunities for financial industries across the Strait," he said.The ECFA, which is to take effect on Sunday, was signed by negotiators from the mainland and Taiwan in June, and aims to establish a systematic mechanism for enhancing cross-Strait economic cooperation.Wang Jianmin, a researcher of the Institute of Taiwan Studies of the Chinese Academy of Social Sciences, said substantial financial cooperation between the two sides has lagged behind trade cooperation for a long time."The ECFA, however, will have a positive impact," he said.The banking service sectors might be among the first to make breakthroughs in cross-Strait financial cooperation.The mainland-based Bank of China and Bank of Communications applied to the Taiwan economic department on Sept. 7 to set up representative offices in Taiwan.According to the ECFA, mainland banks can set up representative offices in Taiwan upon approval by the Taiwan authority and can then apply to set up a branch bank one year after the establishment of representative offices on the island.
YICHANG, Hubei, Oct. 3 (Xinhua) -- The water level at the Three Gorges Dam, the world's largest water control project, reached 164.59 meters on Sunday, only 10 meters short of its full capacity of 175-meters, said a project official.The dam in central China started to hold back water this September by discharging less to the lower reaches of the Yangtze River, the country's longest river.Reaching the 175-meter water level would enable the Three Gorges Dam to fulfill its functions of flood control and generating electricity to the fullest extent, symbolizing the total success of the massive water project.This is the reservoir's third attempt to reach full capacity since 2008. However, water levels stopped at 172.8 meters in 2008 and 171.43 meters in 2009 due to droughts on the lower reaches.However, this time officials believe the dam will reach full capacity by the end of October."We have confidence in reaching the goal this year. Although less water flowed into the dam after the flood season, we have reduced water discharges accordingly," said Yuan Jie, an official in charge of water level control.
BEIJING, Sept. 26 (Xinhua) -- The Chinese government Sunday released a white paper on human rights in China in 2009, highlighting the role of Internet freedom and the country's efforts in safeguarding citizens' legitimate civil and political rights."The overall cause of human rights has been promoted in an all-round way," says the white paper, published by the State Council Information Office under the title "Progress in China's Human Rights in 2009."Chinese netizens' right to freedom of speech on the Internet was protected in 2009 and the Internet has become a new channel for the Chinese government to gauge public opinion, and consequently improve its governance, the report reads.It has become "common practice" for governments at all levels to consult the public via the Internet before formulating some policy, it says.It adds government agencies have set up special websites to facilitate the public's reporting of corruption and dereliction of duty among officials.In 2009, the Chinese government promulgated and implemented its first national action plan with human rights as the theme.The National Human Rights Action Plan of China (2009-2010), which applies the Constitutional principle of respecting and protecting human rights to the various fields of politics, economy, culture, social construction, etc., has been "effectively implemented", according to the white paper.Chinese people's standard of living "has been further improved on the basis of economic and social development" after the country put forward a 4-trillion-yuan (596.6 billion U.S. dollars) stimulus package in the wake of the international financial crisis, it says.In 2009, the per capita net income of rural residents was 5,153 yuan, and the per capita disposable income of urban residents was 17,175 yuan, an increase of 8.5 percent and 9.8 percent respectively over the previous year.The white paper is China's 9th report on human rights since the country began releasing the document in 1991.
DUBLIN, Sept. 27 (Xinhua) -- Visiting senior Communist Party of China (CPC) official Li Changchun on Monday met with Irish President Mary McAleese and Prime Minister Brian Cowen to discuss bilateral relations.Li, a member of the Standing Committee of the CPC Central Committee Political Bureau, said that bilateral relations have developed steadily since China and Ireland established diplomatic relations. Especially in recent years, the two nations have increased high-level exchanges, enhanced political mutual trust and broadened trade cooperation.He added that China has become the biggest trading partner of Ireland in Asia for five consecutive years, and the two countries have reached fruitful achievements in science and technology, education and culture and maintained close coordination on international affairs.Li Changchun (R), a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China, meets with Irish President Mary McAleese in Dublin, Ireland, Sept. 27, 2010.Li expressed appreciation for Ireland's adherence to the one- China policy and said China is willing to join hands with Ireland to strength dialogue and communication, deepen pragmatic cooperation in the various fields.For her part, McAleese said in recent years, closer political exchanges and trade cooperation between Ireland and China have further promoted the development of bilateral ties. She hoped that both sides would continue to maintain such positive momentum and expand cooperation to elevate the ties to a higher level.
BEIJING, Aug. 28 (Xinhua) -- China and Japan pledged on Saturday to enhance dialogue and exchanges on climate change, energy conservation and environmental protection.The two countries, meeting in Beijing, agreed to make a combined effort to implement the Joint Statement on Climate Change between China and Japan, said Zhang Ping, chairman of the National Development and Reform Commission (NDRC), during the third China-Japan high-level economic dialogue.The two sides will conduct pragmatic cooperation in the areas of clean development mechanisms, energy-savings, energy efficiency improvement, new energy, renewable energy, clean coal technology, methane recovery and utilization, carbon capture and storage, adaptation to climate change and technology development and transfer, he said. Chinese Vice Premier Wang Qishan (7th L, front) and Japanese Foreign Minister Katsuya Okada (6th L, front) pose for a group photo with attendees during the third China-Japan high-level economic dialogue in Beijing, capital of China, Aug. 28, 2010.On international climate change negotiations, he said the two sides are ready to fulfill their responsibilities and try their best to cope with climate change in line with the principle of "common but differentiated responsibilities ".He said the Cancun climate summit should continue to adhere to the UN Framework Convention on Climate Change (UNFCCC), the Kyoto Protocol and the Bali Road Map, as well as the principle of "common but differentiated responsibilities ".The negotiation process should be in line with the principle of being open and maintaining transparency, broad participation, being party-driven and achieving consensus, he added.China will host UN climate change talks in Tianjin city this October, which reflects the country's constructive attitude on promoting the UN climate negotiation process, he said.China is willing to work with the other sides, including Japan, to contribute to the Cancun conference slated for the end of this year, Zhang said.During the meeting, China and Japan also agreed to hold the fifth China-Japan Energy-saving and Environment Protection Forum in Tokyo this October.Zhang said the two nations had made substantial achievements in energy-saving and environmental protection.China's National Development and Reform Commission and Japan's Ministry of Economy, Trade and Industry have signed many cooperative documents on energy-saving and environmental protection, he said.The two countries have held four energy-saving and environmental protection forums and inked 76 agreements involving cooperation in this area.Both governments support enterprises of the two countries to cooperate on commercial demonstration projects, he said, adding China had sent 300 management personnel to Japan to study energy conservation policies and technology.During the dialogue, the two sides also pledged to cooperate on developing green economies and low-carbon technologies, enhance cooperation between energy-saving centers of both countries and promote commercial demonstration projects on energy-saving and environmental protection.