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WUHAN, Aug. 12 (Xinhua) -- Bidding farewell to their hometown for good, 499 villagers in central China's Hubei Province left their homes Wednesday morning, becoming the first group to relocate to make way for China's South-North Water Diversion Project (SNWD).Their hometown of Niuhelin District, Danjiankou City, will be submerged by 2014 under 170 meters of water."I am surprised nobody cried when the coaches left our village. Last night, we felt sorrow when the whole village gathered to have our last dinner in our hometown together," a villager surnamed Wang said.The government paid the dinner and organized a troupe of gong and drum players to cheer up the villagers.Their journey was the starting point for the nation's largest relocation program after that of the Three Gorges Hydro-Power Project, which involved the relocation of 1.27 million.The relocation for the building of the central route of the SNWD by 2014 will involve 330,000 residents - 180,000 in Hubei and 150,000 in neighboring Henan Province.The project is designed to take water from a section of China's largest river, the Yangtze, to satisfy demand in the north China's drought-prone megacities - Beijing and Tianjin.According to the government, from Wednesday until September 30, about 60,000 people will be relocated.At the farewell scene, a fleet of 15 coaches carried the villagers while 34 trucks loaded with the villagers' belongings was followed by a number of ambulances with the village's elderly, unwell and pregnant."We may set a record in terms of speed of relocation -- 60,000 people within 50 days. We want to do it fast so we can finish it before the rainy season hits," said Zeng Wenhua, mayor of Danjiangkou City.
BEIJING, Aug. 16 (Xinhua) -- China's central bank and banking regulatory commission have ordered the country's financial institutions to provide preferential loan policies to victims in the mudslide-hit regions of Gansu and Sichuan provinces.The minimum down payment for a home in the disaster-affected urban regions could be reduced to 10 percent while the interest rate for home loans could be cut to possibly 60 percent of the benchmark rate, the People's Bank of China, the central bank, and China Banking Regulatory Commission said in a joint statement issued over the weekend.Banks were also asked to help ease loan pressures for rural residents in the disaster-affected regions.A massive mudslide, which took place on Aug. 8 in Zhouqu County of northwest China's Gansu Province, has killed 1,248 people as of 4 p.m. Sunday, with 496 still missing. Flooding and mudslides in southwest China's Sichuan Province has left at least 13 dead and 59 missing.

BEIJING, Aug. 4 (Xinhua) -- China's foreign exchange regulator Wednesday pledged to continue efforts to manage illegal capital inflows in the second half of the year.In a statement on its website, the State Administration of Foreign Exchange (SAFE) said it had investigated up to 3.5 million cases of international trade transactions, involving a total of 440 billion U.S. dollars, during its hot money monitoring campaign, which began in February.The statement said it had identified 197 cases of illegal capital inflow, but it gave no exact sum for the cases.SAFE said earlier last month that its investigations had found 190 cases, involving 7.35 billion U.S. dollars, of hot money inflows.Capital flows into and out of China for purposes other than import and export payments are strictly controlled by SAFE, which manages the country's 2.45 trillion U.S. dollars in foreign exchange reserves.The statement also said it would introduce new foreign exchange instruments to meet domestic market demand and support China's currency reforms.China's central bank announced on June 19 that it would further the reform of the formation mechanism of the yuan exchange rate to improve its flexibility.The hot money campaign was launched amid concerns that speculators were betting on an appreciation of the Chinese currency and rising asset prices.
XIAMEN, June 19 (Xinhua) -- A senior Chinese official has called for more cultural exchanges and cooperation between the Chinese mainland and Taiwan.Top political advisor Jia Qinglin made the remark during a visit to the Third Cross-Strait Cultural Industry Fair that opened in Xiamen of southeast Fujian Province on Saturday.Jia, also a Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee, said the two sides of the Taiwan Strait share the same cultural root.Jia also announced Saturday the opening of the second grassroots-level Straits Forum in this coastal city." hspace="0" src="/d/file/p/2010/06/9862a429fb74c1f47babf2fdc9dcf93e.jpg" border="0" />Jia Qinglin, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), dances with participants from Taiwan during his visit to the 3rd Cross-Strait Cultural Industry Fair in Xiamen, southeast China's Fujian Province, on June 19, 2010.There is huge potentials for the mainland and Taiwan to conduct cooperation in cultural industry, Jia said, calling for joint efforts from both sides of the Strait to develop cultural industry and improve international competitiveness and influence of the Chinese culture.Jia also called on both sides to tap traditional Chinese cultural resources and establish cultural name brands with characteristics of the Chinese nation, so to strengthen the cohesiveness of the Chinese nation.The cross-Strait cultural industry fair was initiated in 2008 and has become an important communication platform for cultural industrial circles from both sides of the Strait.The current fair attracted more than 2,000 cultural companies from the mainland and Taiwan.
UNITED NATIONS, June 29 (Xinhua) -- "China is both a strong supporter for and an active participant in the South-South Cooperation," a senior Chinese official said here Tuesday.Yi Xiaozhun, the Chinese vice minister of commerce, made the statement as he was delivering a keynote speech at the Development Cooperation Forum, sponsored by the UN Department of Economic and Social Affairs, at the UN Headquarters in New York."This year marks the 60th anniversary of China's technical assistance to other developing countries through South-South Cooperation," Yi said. "It also marks the 31st anniversary of China as a beneficiary of the UN development assistance system."Promoting South-South Cooperation and "help each other among the developing countries" is the centerpiece of development cooperation, he said. "As the developing countries are at similar levels of development and facing similar economic and social development problems, they can better appreciate the development needs of each other.""China supports the 'Beyond Aid' initiative proposed in the UN secretary-general's report and emphasizes the need for enhanced policy coherence, host country ownership and capacity building over cash assistance," he said."With the concept of 'blood generation over blood transfusion', China believes that it is better to help host countries build long-term sustainability than to resort to short- term interventions and be overly dependent on foreign aid," he said. "An integrated and holistic approach should therefore be adopted by incorporating trade, investment, technology transfer, capacity building and other elements into the development policies. ""Developing countries should also take the initiative into their own hands in order to identify the policies and solutions most responsive to their own needs," he said."China has tried similar approaches and learned some useful lessons," he said."First, providing non-politically conditioned assistance to developing countries," he said.
来源:资阳报