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TAIPEI, Nov. 8 (Xinhua) -- The Chinese mainland's 20 million yuan of donations to ethnic minorities in the typhoon-hit Taiwan have been "all given out", Kao Chin Su-mei, a representative of the ethnic minorities, said here Sunday. Earlier in August, the Taiwan Work Office of the Communist Party of China Central Committee announced it has raised 20 million yuan (about 95.4 million new Taiwan dollars) for the ethnic minorities in Taiwan after Typhoon Morakot hit the island. The donation plan was announced when a delegation headed by Kao Chin Su-mei visited Beijing on August 19. The donation has been distributed to more than 2,153 homeless ethnic minority families (30,000 new Taiwan dollars for each), more than 3,300 primary and junior high school ethnic minority students in hardest-hit areas (5,000 new Taiwan dollars for each), and nearly 14,00 senior high school and junior college ethnic minority students (10,000 new Taiwan dollars for each), according to Gao Chin Su-mei. All the donation had been distributed to ethnic minority victims of the typhoon, she said. Currently, about 500,000 people of ethnic minorities live in Taiwan, 80 percent of whom make a living by growing and processing agricultural products.
LANGFANG, Hebei Province, Jan. 1 (Xinhua) -- President Hu Jintao on Friday urged Party committees and governments at all levels to make issues related to agriculture, rural areas and farmers top priority of their agenda and called for increased investment in these areas. During a visit to villages in China's northern Hebei Province Friday, Hu called for efforts to develop modern agriculture by relying on the progress of science and technology and make sure that farmers have increasing incomes. The president said this year's No. 1 document of the CPC Central Committee will include a batch of new policies to support agricultural development. Hu spent time inquiring about the livelihood of local farmers and conveyed New Year greetings to them. Hu Jintao (C, front), Chinese President, general secretary of the Central Committee of the Communist Party of China (CPC) and chairman of the Central Military Commission, shakes hands with a family member of villager Zhang Futai during an inspection tour at a village of Liqizhuang Town, Sanhe City, north China's Hebei Province, on Jan. 1, 2010. Hu Jintao made the inspection tour in Sanhe City on Friday. At a vegetable greenhouse of Liqizhuang Township of Sanhe City, which is close to Beijing, Hu inquired about sales and market price of vegetables and incomes of local farmers. Hu urged local farmers to give full play to the area's geographic advantage and contribute to the development of local economy by raising the quantity and quality of vegetables. At a grain and oil enterprise, Hu called for intensified efforts to improve product quality and lower production cost so asto provide consumers with more quality edible oil with a low price. In another village of Liqizhuang Township, Hu encouraged village authorities to improve villagers' life quality by improving infrastructure and providing local people with more services. After being told that 74-year-old villager Zhang Futai and his wife had moved into a two-storey building from a house made of mud and stone, Hu said he was happy to see the farmers' living conditions being improved.
NANJING, Nov. 29 (Xinhua) -- China hopes the world's major reserve currency will maintain stable, said Chinese Premier Wen Jiabao here Sunday when meeting with three Euro Group leaders. He was speaking with Euro Group President and Luxembourg Prime Minister Jean-Claude Juncker, European Central Bank President Jean-Claude Trichet and European Union Economic and Monetary Affairs Commissioner Joaquin Almunia ahead of the 12th EU-China summit. China has maintained the stability of the exchange rate of the Renminbi (RMB), making an important contribution to global financial stability and economic development, he said. He said China will continue to enhance the flexibility of the RMB exchange rate, acting on its own initiative and in a controllable and gradual manner, and keep it basically stable at reasonable, balanced levels. Juncker said the EU is willing to strengthen communication and coordination with China on monetary policies.
BEIJING, Oct. 26 -- Shanghai has applied to regulators to launch a free exchange between the yuan and the New Taiwan dollar to enhance financial cooperation, the head of the Shanghai Financial Service Office said Sunday. "With growing trade between Shanghai and Taiwan in recent years, we hope that a free exchange between the yuan and the New Taiwan dollar can be conducted in Shanghai as a trial," said Fang Xinghai at the 6th China International Finance Forum. "We have applied to the regulators and expect it will be approved soon," Fang said at the two-day forum which ended Sunday. Shanghai has recently launched a cross-border currency clearing system and Fang expects that it will be extended to Taiwan soon. By the end of April, Taiwan had invested 5 billion U.S. dollars in more than 6,000 projects in Shanghai, and trade between the two sides totaled 13.68 billion dollars in the first eight months of this year. Although the two sides must overcome some barriers in financial cooperation, Fang said they can explore possibilities in innovative products, such as exchange-traded funds that enable investors to buy or sell shares in an entire benchmark portfolio. "The Shanghai Stock Exchange is making efforts to introduce ETFs based on overseas equity indices (and) we can also expect Taiwan and the mainland to introduce ETFs based on each other's index," Fang said. The two sides can also cooperate in sectors that are not directly supervised by the central government, such as venture capital. "Taiwan is very successful in the venture capital sector, while the Chinese mainland is still in the first stage. Policies have now been eased so that Taiwan VC firms can set up branches on the mainland," Fang noted. The Chinese mainland and Taiwan in April sealed a cooperative financial regulatory mechanism.
BEIJING, Dec. 8 (Xinhua) -- Chinese Vice Premier Li Keqiang Tuesday called for advancement of environmental protection industry to strengthen a stable, coordinated and sustainable economic development. The environmental protection industry concerned aspects such as infrastructure building, equipment manufacturing and services and it should be considered as a strategic emerging industry, Li said during an inspection tour in the Chinese Research Academy of Environmental Sciences and China National Environmental Monitoring Center. Chinese Vice Premier Li Keqiang (C) visits the Chinese Research Academy of Environmental Sciences in Beijing, capital of China, Dec. 8, 2009He said as the Copenhagen conference was held currently to address the climate change, "the development of green, low carbon and recycling economy has become a global trend." "We must seize the opportunity to promote technological innovation and application of research fruit" to promote the green industry so as to gain advantage in the future development, he said. "Inadequate resources and the environment's limited bearing capacity is the country's basic conditions and factors confining the economic and social development," said Li, also a Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee. Chinese Vice Premier Li Keqiang (C) visits the Chinese Research Academy of Environmental Sciences in Beijing, capital of China, Dec. 8, 2009. Li urged greater efforts for ecological conservation and environmental protection and demanded speeding up the building of an energy-saving and environment-friendly society. It is imperative to take forceful measures to tackle pollution in major rivers and lakes, to step up construction of waste water treatment facilities in urban areas and contain source of pollution in rural areas, Li said. "It is the government's duty to ensure that the masses drink clean water." Chinese Vice Premier Li Keqiang (R) meets with experts during a symposium on environmental protection in Beijing, capital of China, Dec. 8, 2009He said measures must be improved to control air pollution and curb the emission of pollutants such as sulfur dioxide and smoke dust. Li said environmental problems harming people's health should be immediately addressed and the treatment and control of air, water, soil and heavy metal pollution should be stepped up.