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GUANGZHOU, July 12 (Xinhua) -- Senior Chinese leader Jia Qinglin has encouraged south China's Guangdong Province to be a trailblazer in building a harmonious society and promoting the country's new economic growth pattern.Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference, toured businesses and research institutes during his visit here from Thursday to Monday.He urged businesses to shift economic growth patterns and promote business restructuring at a faster pace. Jia Qinglin (C, front), chairman of the National Committee of the Chinese People's Political Consultative Conference, visits the Manufacturing Engineering Institute of Huazhong University of Science and Technology in south China's Guangdong Province, July 9, 2010. Jia Qinglin paid an inspection to Guangdong from July 8 to July 12.Jia said that enterprises should strive for high quality and shift from reliance on the consumption of resources to stronger human resource and sound management, from low-end assembling and processing to developing brand-name products with indigenous innovation.Jia also stressed improving the working and living conditions of employees to assure a harmonious working environment.Jia also urged the province to enhance cooperation with Hong Kong, Macao and Taiwan, taking advantage of its adjacency with these regions, and to push Guangdong's cooperation with Taiwan to a new high.
BEIJING,Aug 9(Xinhuanet) -- China's high savings rate is expected to fall substantially in coming years as its workforce shrinks, the population ages and social security spending increases, a BIS report shows.In research published by the Bank for International Settlements (BIS) on the “myth and reality” of China’s savings rate, Ma Guonan and Wang Yi found that the Asian giant needs its population to spend more in order to sustain rapid economic growth in coming years.The researchers, who were writing in their personal capacity, also reject claims that Chinese State firms have been benefiting from high savings thanks to exchange rate distortions and subsidies designed to drive economic growth.They point out that “less advantaged” and more efficient firms have been the ones posting the greatest gains in earnings in recent years rather than State-owned companies.China’s gross national savings soared from 39.2 percent of output in 1990 to 53.2 percent in 2008, far higher than the United States, which saved only 12.2 percent in 2008.Even compared to other Asian giants — Japan with 27 percent in 2007 and India with 33.6 percent in 2008 — China’s share of savings as a percentage of gross domestic product (GDP) is significantly larger.Nonetheless, the population and social trends that have underpinned China’s growth and savings rates are likely tail off significantly over the next decade, the two Chinese researchers argued.In the wake of the global slump, world leaders and economists have been asking China to spend more, rather than pin its economic growth on exports to the West, in order to help address world trade imbalances.Ma, a BIS economist and Wang, who is from the Chinese central bank, said however that the current savings trend by Chinese households will not last.The swelling working population in recent years has boosted savings in recent years, they said.In addition, large-scale corporate restructuring between 1995 and 2005 increased job uncertainty, forcing workers to set aside more money in case they were fired. The lack of a social safety net also pushed workers to make “precautionary savings.”Beyond households, government savings have also been increasing in tandem, as more is being set aside to meet pension needs which are expected to rise significantly as the population ages.However, these trends are expected to be reversed in coming years.“It is reasonable to assume that the large-scale labor retrenchment observed during 1995 to 2008 is by and large been behind us,” say the researchers.In addition, China is expected to enter into a phase of “accelerated population ageing within a decade.” This means that the workforce will decline, leading to a fall in overall income and therefore savings.At the same time, infrastructure spending is expected to continue, in order to provide for the ageing population and the urbanization of the country.

BEIJING, Aug. 20 (Xinhua) -- China's insurers felt the side effect of the country's booming auto market -- with operating losses totaling 2.9 billion yuan (427 million U.S. dollars) in 2009.Insurance Association of China said here Friday that its 30 member insurance companies that are engaged in traffic compulsory insurance business underwrote 85.02 million units of vehicles in 2009, up 23 percent from a year ago.Total compulsory insurance premiums rose 21 percent year on year to 66.8 billion yuan (9.84 billion U.S. dollars), according to the association.Meanwhile, the industry handled 11.78 million claims regarding traffic liability mandatory insurance products last year with reimbursements totaling 47.2 billion yuan (6.95 billion U.S. dollars), it said.Offsetting 2.4 billion yuan (353 million U.S. dollars) investment revenue with 18.6-billion-yuan (2.74 billion U.S. dollars) operating costs, the industry posted a loss of 2.9 billion yuan (427 million U.S. dollars) last year, according to the association.Retail sales of China-made autos rose 17.18 percent year on year to 1.056 million units in July this year, raising auto sales in the first seven months to more than 8.24 million units, up 28.58 percent from a year earlier, according to data from the China Automotive Technology and Research Center released earlier this month.
OTTAWA, June 24 (Xinhua) -- Visiting Chinese President Hu Jintao met Canadian Prime Minister Stephen Harper on Thursday for talks on the development of China-Canada ties.The two leaders are also expected to exchange views on major global and regional issues of common concern, said Chinese diplomats.According to the schedule, Hu and Harper will attend a signing ceremony of cooperation documents following their talks.Hu flew into Ottawa on Wednesday for a state visit to Canada.This year marks the 40th anniversary of the establishment of diplomatic relations between China and Canada.
BEIJING, June 22 (Xinhua) -- As a large number of new sites were discovered during the most recent survey of national cultural relics, Chinese State Councilor Liu Yandong called for the careful filing and scientific preservation of all survey results on Tuesday.Liu made the remarks at a meeting of the third national cultural relics survey, which is expected to pave the way for improved rules on the protection of cultural relics.During the meeting, Liu hailed the current progress of the survey and extended her greetings to all who are working to preserve the nation's sites of cultural relics.Liu said the cultural relics survey is the foundation for protecting and putting to use the country's cultural relics in a scientific way, and is also a key part of evaluating the country's soft power.According to Liu, the on-spot investigation phase has finished, and "a large number of varied, new cultural relics sites" were discovered across the country.Though without overall figures, Liu revealed that newly discovered sites covered fields such as the history of the Party and the period of the revolution, the industrial heritage and traditional rural architecture, as well as others fields of study.The survey, which began in April 2007, will continue until December 2011.
来源:资阳报