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BEIJING, Oct. 18 (Xinhua) -- There will be unrelenting efforts to crack down on activities such as illegal financing and pyramid selling by insurance agents, the China Insurance Regulatory Commission (CIRC) said Monday.The CIRC issued the statement on its website after two cases came to the attention of the insurance regulatory bureaus in Liaoning and Zhejiang provinces.In Liaoning, He Feng, head of the Chende Insurance Agent Company, was detained for collecting capital at high interest rates. In Zhejiang, the license of the Hangzhou Minfeng Insurance Agent Company Limited was canceled for luring policyholders by exaggerating prospective earnings.The CIRC reminded the public not to be misled by similar claims and encouraged them to report illegal activities to reduce their losses.

TIANJIN, Sept. 13 (Xinhua) -- Chinese Premier Wen Jiabao on Monday stressed the importance of scientific innovation in the process of shifting from "made in China" to "created in China".Wen met with entrepreneurs and answered their questions on the sidelines of the World Economic Forum (WEF) Annual Meeting of the New Champions 2010, or the Summer Davos, being held in north China's port city of Tianjin.Wen said transforming the economic growth mode through developing Chinese creation and service was a key issue if the Chinese economy was to keep a balanced, coordinated and sustainable growth.Chinese Premier Wen Jiabao speaks at the symposium to entrepreneurs attending the fourth Summer Davos forum, or the Annual Meeting of the New Champions 2010, in north China's Tianjin Municipality, Sept. 13, 2010. The premier said China would make great efforts to develop science and education, transform traditional industries through high-tech and give priority to the development of emerging industries such as energy saving, environmental protection, information and advanced manufacturing.PEOPLE'S LIVELIHOODHe said the country would seriously tackle the problem of social equality and justice through measures of tax reforms and income distribution.People should clearly realize that China is still a developing nation, he said, stressing that it was fully necessary to increase investment in sectors of food and construction, which would help improve people's lives in future.Wen also asked people to realize that Chinese people's livelihood had been improved step by step.Statistics showed that Chinese people's wage income grew 11.2 percent from 2007 to 2009, two percentage points higher than the GDP growth of that period.Wen noted that in China, labor costs are largely low, and they need a reasonable rise. But for most of the Chinese employees, the top priority is to find a job, while wage level is the second major concern.Therefore, the rise in wage should be kept at a reasonable level, so as to maintain the competitiveness of our industries, Wen said."Besides, we should understand that the rise in wage should be in line with the advance of labor productivity," he said.

BEIJING, Sept.14 (Xinhua) -- A delegation of the Communist Party of China (CPC) left here Tuesday to attend the 8th Congress of Ethiopian People's Revolutionary Democratic Front (EPRDF).The delegation, led by Zhang Xuan, an alternate member of CPC central committee and deputy secretary of CPC's Chongqing Municipal Committee, was invited by EPRDF, the Democratic Progressive Party of Malawi and the African National Congress of South Africa.The delegation will pay good-will visits to Malawi and South Africa after the Congress.

BEIJING, Sept. 28 (Xinhua) -- China and Cuba here on Tuesday celebrated the 50th anniversary of their diplomatic ties at a reception.Chinese and Cuban government officials as well as people from various circles attended the reception held in the Cuban embassy in China.Cuba is the first Latin American country to forge diplomatic ties with the People's Republic of China, in 1960, said Chinese State Councilor Dai Bingguo when addressing the reception.China and Cuba have always supported and helped each other in the past fifty years, Dai said, highlighting their fruitful pragmatic cooperation in various areas.Dai said that the continuous consolidation and development of China-Cuba friendly relations is in the interests of the two nations and their people.China cherishes its friendly and cooperative ties with Cuba and would like to further deepen the traditional friendship, boost mutual beneficial cooperation and bring benefits to their people, Dai said.Ricardo Cabrisas Ruiz, vice president of the Council of Ministers of Cuba, said that the establishment of Cuba-China relations is of historic significance.The last fifty years have witnessed the close contacts of Cuba-China state leaders, increasing friendship of their people and expanding areas of pragmatic cooperation, Cabrisas said.Cabrisas added that Cuba is willing to continue advancing its friendly relations with China.

BEIJING, Nov. 4 (Xinhua) -- A senior official with the China Chamber of International Commerce (CCIC) said Wednesday the United States has launched the wrong probe at the wrong time into the policies and practices by China in its green technology sector, as now is the "best time" for bilateral cooperation in the sector.The denunciation of the 301 probe by Lin Shunjie, CCIC deputy secretary general, came after the U.S. government decided to initiate an investigation on Oct. 15 into China's policies and practices in the clean energy industry, acting upon a petition filed in September by the United Steelworkers union.The union claimed the massive subsidies and discriminatory policies by China were shutting U.S. businesses out of China's renewable energy market and causing job losses in the United States. These charges come amidst worries that U.S. protectionist measures against its trade partners might be on the rise due to its sluggish economic recovery.However, Lin Shunjie said government subsidies in the United States to protect its clean energy industry were more extensive than those in China, adding the United States should reevaluate its subsidy policies and to especially benefit small and medium-sized companies.Further, Lin suggested the U.S. government increase the channels of financing for these small-scale companies in order to improve their competence in trade, rather than accuse other countries."The competence of small and medium-sized renewable energy companies in the United States is far behind those in Europe, Japan, and even Australia," said Lin, "while the Chinese market is open and is willing to import more products from overseas."Lin added that China had a trade platform for imported goods exhibitions in Shanghai, but so far very few U.S. companies have reached deals. "The U.S. government has not done enough in helping its enterprises increase their exports."The next five to 10 years would be the period when China and the United States see technology transfers and heightened inter-dependence of markets, Lin said while attending a conference held in Beijing on Wednesday.