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MUMBAI, July 9 (Xinhua) -- Chinese telecom device vendors expressed their anxiety and confusion while waiting for the release of official telecom security norms with Indian government to re-gain access to the emerging market, according sources from Chinese telecom gear makers."We're now in a position of waiting and perplexity and keep active change of ideas with India telecom operators and governmental departments with the hope of swift resolution of delayed orders," said a source with China-based telecom device producer ZET Corporation on Thursday.Chinese telecom gear manufactures are worried to get a lower hand in competition with western rivals if Indian government couldn't allow their access in the first around of 3G telecom device purchase.Indian telecom operators are expected to roll out their 3G services prior to September with the auction of 3G spectrum ended on May 19."The documents on Indian telecom security norms have swelled from several pages to more than 40 pages in the process of negotiation among stakeholders,"said an official with Huawei Technologies.It's reported earlier that Indian high-level officials have allowed the access of Chinese telecom gear vendors if they obtain certificate from the third-party organization in addition to about 11 million U.S. dollars of deposit by Indian telecom operators with the government.
ZHOUQU, Gansu, Aug. 15 (Xinhua) -- Amid sirens and blaring horns, people across China Sunday stood in tribute to victims of a massive mudslide in a remote northwest town.Chinese leaders, students, workers and members of the public paused for three minutes from 10 a.m. Sunday, a week after the devastating mudslide hit Zhouqu County, in Gannan Tibetan Autonomous Prefecture of Gansu Province.At least 1,248 people have died and 496 are listed as missing.Chinese President Hu Jintao, top legislator Wu Bangguo, Premier Wen Jiabao and other top Chinese leaders stood and paid silent tribute to the victims at the beginning of a meeting by the Standing Committee of the Political Bureau of the Communist Party of China Central Committee held in Beijing on Sunday morning.DEEP GRIEFAt the Dongjie Village in Zhouqu, more than 5,000 rescuers and villagers stood still on the debris of mudslide, bowing their heads in commemoration of those killed in the disaster.A huge black banner hung in front of the mourners, and wreaths lay on the ground. The white lettering on the banner read, "Mourning in deep grief for deceased compatriots of the Zhouqu massive mudslide.""I only feel sad as I stand on the debris of our homes," said villager Zhang Xiujuan."Although my husband, my son and I survived, I lost more than 30 relatives in the mudslide," she said.In Dongjie, two thirds of the families were buried when the mudslide struck. And 368 of the 848 villagers died in the disaster.Before and after the three-minute tribute, rescuers including troops and medical workers continued to clear the debris, searching for bodies and spraying disinfectant in the area.Some survivors sat silently on the debris, still holding out hope that the bodies of relatives could be found.
ULAN BATOR, June 22 (Xinhua) -- Mongolian Prime Minister Sukhbaataryn Batbold said Tuesday Chinese Premier Wen Jiabao's visit to Mongolia early June contributed significantly to bilateral relations and cooperation, especially in economic and commercial ties.The high-level meeting mechanism played an important role in developing comprehensive Mongolia-China cooperation, Batbold said in an interview with China's English-language newspaper China Daily.Wen visited Mongolia on June 1-2. The two premiers agreed to strengthen the cooperation in areas including mining, infrastructure, culture and education, and to increase trade volume.As a landlocked country, Mongolia wants to boost the cooperation in logistics and transportation services.Batbold said the two countries had great opportunities to cooperate in developing agriculture and infrastructure, and providing jobs related to manufacturing value-added products.The Mongolian government would continue its open policies and would encourage the development of enterprises with environmentally friendly technologies and social responsibilities, he said.
BEIJING, Aug.1 (Xinhua) -- The People's Bank of China, China's central bank, has asked its branches to effectively implement a moderately loose monetary policy in the second half of the year.The bank urged maintaining the continuity and stability of monetary policies while making them more targeted and flexible, according to a statement on the bank's website after a meeting with branch presidents.It also urged adhering to the policy of striking a balance between keeping stable and relatively fast economic growth, adjusting the economic structure and managing inflation expectations.It asked its branches to stick to its annual lending target while maintaining market liquidity at a reasonable level.Housing loan policies should be strictly implemented to ensure the stable and healthy development of China's real estate market, the statement said.h China's monetary policy should be more proactive, targeted and effective, the statement added.The central bank has set a target to keep the country's new bank lending to below 7.5-trillion-yuan (1.1 trillion U.S. dollars) in 2010.In the first half of the year, China's new yuan-denominated lending hit 4.63 trillion yuan, down 2.74 trillion yuan from the same period last year.
BEIJING, Aug. 24 (Xinhua) -- China's top legislature, the National People's Congress (NPC), has proposed a reform in income distribution be launched as soon as possible, aiming to increase residents' income and narrow the gap in wealth.Officials of the Financial and Economic Affairs Committee of the NPC said they have completed a research report on distribution of national income and made the proposals to be included in the 12th Five-Year Plan (2011-2015).The research report proposes increasing the proportion of residents' income in national revenue and the proportion of labor rewards in the primary distribution of national income. It suggests that the reforms should seek to enlarge the middle class until it becomes the largest sector in society. The report also offers proposals on taxation and social security.The legislature did not release further details on the proposed reforms in income distribution.The NPC, for the first time in history, completed 15 research reports on 14 major subjects from March to July to provide proposals for the formulation of the critical development plans for the next five years, after top legislator Wu Bangguo called for the research at the annual legislative session.According to a World Bank report, the Gini Coefficient for China, a main gauge of c disparity surged to 0.47 in 2009, exceeding the "security line" of 0.4, pointing to the unequal distribution of income which could arouse social unrest.This figure was 0.21 to 0.27 three decades ago. ' In the primary distribution of national income, the proportion that goes to wages and salaries, the major source for China's mid- and low-income families, has been declining, according to Yi Xianrong, a researcher at the Chinese Academy of Social Sciences.The proportion of the total income that Chinese citizens receive from the distribution of national income fell sharply to 57.9 percent in 2007, compared with 68 percent 20 years ago, according to the People's Bank of China.