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JINAN, Aug. 2 (Xinhua) -- A total of 12,000 soldiers and officers from China's air defense force are scheduled to conduct a five-day military exercise in two provinces from Tuesday, a source from the the People's Liberation Army (PLA) Jinan Military Command said Monday.The military exercise, code-named "Vanguard-2010", will be carried out in the provinces of Henan and Shandong and is an important part of annual joint military exercises between different military commands, according to the source.An unidentified number of scouting planes, combat aircraft and helicopters will join the exercise, according to the source.
BEIJING, July 12 (Xinhua) -- Chinese Vice Premier Hui Liangyu Monday urged concrete measures be taken to protect the ecological environment while building to improve living conditions as part of the country's campaign to develop its vast western regions.Hui made his remarks at the opening ceremony of the achievements exhibition displaying the western regions' environmental protection and construction accomplishments during the "West Development" campaign.The Chinese government launched the "West Development" campaign ten years ago as part of a program to narrow the gap between the country's coastal eastern region and the underdeveloped west.Statistics indicate that forest coverage has increased in the west from 10.32 percent to 17.05 percent over the past decade thanks to west regions' efforts in natural forests preservation, forestry restoration and reducing the impact of desertification.Hui called on local governments in the western regions to more effectively implement the central government's policies and decisions at the recent work meeting on West Development held on July 5 and 6.The western regions should also do its share to maintain the country's ecological security, Hui said.
BEIJING, June 11 (Xinhua) -- Economic data for May released Friday showed that China was eyeing rising inflation and slowing economic growth, indicative of what the "the most complicated year" meant for the country's economy.Experts said the mixed bag of economic data would make it difficult for China's policymakers in the coming months.China's consumer price index (CPI), a main gauge of inflation, rose in May to 3.1 percent, the highest since November 2008, according to figures released by the National Bureau of Statistics (NBS) Friday.The NBS also reported that growth of industrial value-added output slowed to 16.5 percent in May from 17.8 percent in April.Urban fixed assets investment for the first five months rose 25.9 percent year on year, 0.2 percentage points down from the first four months.INFLATION QUICKENSThe 3.1 percent CPI growth was up 0.3 percentage points from April's rise of 2.8 percent. In the first five months, China's CPI rose 2.5 percent year on year.The May figure exceeded the government's year-average target of 3 percent set in March.The producer price index (PPI), a major measure of inflation at the wholesale level, rose 7.1 percent year on year in May, up 0.3 percentage points from April's 6.8 percent.In May, the CPI in China's urban areas increased 2.9 percent and in rural regions by 3.3 percent. Food prices, which accounted for about a third of the weighting in calculating the CPI, rose 6.1 percent.
BEIJING, Aug. 13 (Xinhua) -- The state-owned assets in China's centrally-administered state-owned enterprises (SOE) reached 2.01 trillion yuan (297.40 billion U.S. dollars) by the end of June, up 10.71 percent from 2008, China's state-owned assets regulator said on Thursday.Nearly a quarter of the SOEs have state-owned assets over 10 billion yuan each, while six have state-owned assets over 100 billion yuan, the State-owned Assets Supervision and Administration Commission said in a statement on its website."China's state-owned capital has been flowing towards big companies with international competitiveness," said the statement.Some 30 central SOEs are listed as Fortune 500 companies. They are in sectors such as telecommunications, power generation and petro-chemicals.The number of China's central SOEs is 123 in August this year, down from 196 at the beginning of 2003.