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China has delivered the first shipment of 50,000 tons of heavy oil aid it had pledged to the Democratic People's Republic of Korea (DPRK) and the rest is being sourced, said Chinese foreign ministry spokeswoman Jiang Yu on Tuesday.The first shipment of heavy fuel oil from China arrived in the Nampo port of DPRK on September 16, said Jiang at a regular press conference.The DPRK, under a joint document issued at the six-party talks on February 13, should declare all nuclear programs and disable all existing nuclear facilities in exchange for a total of 1 million tons of heavy fuel oil or equivalent aid, with the initial shipment of 50,000 tons.The Republic of Korea (ROK) delivered 6,200 tons on July 15, sooner after which the DPRK announced its shutdown of the Yongbyon reactor, a widely regarded substantial step, after a 10-member team of U.N. inspectors arrived in the capital Pyongyang to verify and monitor the reactor sealing.Top negotiators to the six party talks from host China, the DPRK, United States, the ROK, Russia and Japan, agreed in July to provide the DPRK with economic, energy and humanitarian assistance up to the equivalent of 950,000 tons of heavy fuel oil.Envoys also agreed to meet here in early September to compile a road map for implementing the second phase of DPRK's denuclearization process which is to declare all of its nuclear programs and disable all of its existing nuclear facilities."We consider it necessary for the six parties to reconvene at a proper time. Date for next-phase nuclear talks should be decided by all parties concerned," Jiang said."China is consulting with the relevant parties on the dates for the next phase of six party talks," Jiang added.The DPRK Vice Foreign Minister in charge of Chinese and Asian affairs Kim Yong Il reportedly arrived in Beijing on Tuesday morning.In response to a request to confirm the DPRK vice foreign minister's China visit, Jiang said Kim's visit was "according to exchange plans between Chinese and the DPRK foreign ministries".Chinese foreign minister Yang Jiechi and his deputy Wu Dawei will meet him. Beside Beijing Kim will also visit other Chinese cities, Jiang said.

Wuhan -- China's first bank-invested trust company is officially set up in Wuhan, capital of central China's Hubei Province, on Sunday.The new trust company is held by the Bank of Communications (BOCOM), China's fifth largest lender, and Hubei provincial finance department, which control 85 percent and 15 percent of the total shares respectively.The BOCOM invested 1.2 billion yuan (about US0m) to buy the shares of the Hubei international trust and investment company, the first commercial bank investment in a trust company approved by the China Banking Regulatory Commission.Jin Dajian, chairman of the new company named "jiaoyin-guoxin", or BOCOM-International Trust, said the company would focus on "professional wealth management".Jin called the establishment of the new trust company "a breakthrough for China's trust industry", given that the country's law on commercial banks, effective since 1995, did not allow commercial banks to make trust investment.The regulation was not lifted until the end of last year, when the China Banking Regulatory Commission encouraged financial institutions, including commercial banks, to acquire trust companies.The BOCOM, a large state-owned commercial bank, was established in 1908, and the Hubei international trust investment company was founded as a non-banking financial institution under Hubei provincial government in 1981.

BEIJING - China imported 139,900 sedans in 2007, up 25.13 percent over the previous year, with the largest share of 46 percent, or 63,800 units, coming from Germany, China Customs figures revealed.The sedan imports worth 5.01 billion US dollars, up 25.41 percent from the previous year, took up 45 percent of China's total automobile imports which has slightly overshot the previous year's total to stand around 310,889 units.China Trading Center for Automobile Import predicted late January that tariff reduction since July 1 had given a stimulus to China's consumption of overseas made automobiles, which could reach 300,000 in 2007.China customs figures showed about 79 percent of the imports were vehicles with an engine size of or larger than 2.5 liters.Japan exported 29,700 sedans to China, the second largest total, while the United States ranked third with 18,000 units.China's sedan exports, by contrast, more than doubled year-on-year to 188,600 units in 2007.Chery, the flag-bearer of Chinese brands, saw a 132-percent surge in exports in 2007, to 119,800 units. The carmaker, which has accelerated its expansion overseas in recent years, expected to export 180,000 units this year.Chang'an Automotive Group, China's fourth largest automaker, sold more than 40,000 cars overseas last year, against 21,700 in 2006.China, the world's third largest vehicle producer, after Japan and United States, found its auto output grow 22.9 percent to 9.04 million units last year, according to figures with the National Development and Reform Commission (NDRC), the country's top economic planner.The NDRC deputy economic performance department director Zhu Hongren said, since quantity was not a problem anymore, auto producers should increase their focus on quality.In 2006, China overtook Japan to become the world's second largest car market after the United States, with sales of 7.2 million units, up 25.13 percent year-on-year.Compared with their international counterparts, China's auto makers are still small in terms of production scale and behind in technology. In addition, the country's auto boom has created growing problems, such as increasing traffic jams and pollution.

BEIJING -- Xinhua was authorized on Tuesday to release a signed article by Shi Shan. The full text of the article is as follows:Carrying forward Buddhism or fueling evil cults?-- On the relationship between the 14th ** Lama, Aum Shinrikyo cult and Falun GongThe world has seen rapid development in the scientific civilization of mankind, but the malignant tumor of evil cults is still rampant, plunging innocent people into the depths of suffering. Evil cults such as the Solar Temple Cult of the United States, the Falun Gong of China and the Movement of the Restoration of God's Ten Commandments of Uganda wantonly preach the fallacy of "the End of the World", destroy social stability and jeopardize the lives and property of the public. Such perverse acts have aroused strong indignation of the people and governments of various countries. Many countries have staged a fight against evil cults by enacting legislation and setting up special agencies.Buddhist doctrine advocates good deeds and extrication from the earthly weal and woe. It has also long been viewing evil cults as the "feud of Buddha" and maintaining that "Buddha and demons do not coexist with each other". The 14th ** Lama, who boasts to be a "follower of Buddhism" and "human rights fighter", however not only has no hatred toward evil cults but instead shows a great deal of compassion for them. Isn't it worth pondering the reasons behind this?Let's first start with the Aum Shinrikyo cult of Japan. The cult leader Shoko Asahara claimed that it was "the 14th ** Lama who personally led him into the Mahayana tradition of Buddhism" and that he could shorten the time needed for one to become a Buddha from 2,000-3,000 years to just 10 years, urging people to ditch the ascetic practices advocated by Buddhism and follow his sect tenets to merrily achieve longevity and even to become a Buddha. The 14th ** Lama kept writing certificates or letters of recommendation for Shoko Asahara to the authorities of Tokyo, hailing Shoko Asahara as "a very capable religious teacher" and hoping the authorities would "allow the Aum Shinrikyo Sect to be exempted from tax payments and propagandize its credo. The German weekly Focus reported that without the support of the 14th ** Lama, it would have been absolutely impossible for Shoko Asahara to build up his sect empire and, within a short period of very few years, gain status as a cult leader in Japan. In other words, it is the 14th ** Lama's all-out "support" that turned Shoko Asahara, a swindler and a mountebank, into "a religious teacher".It was because of the 14th ** Lama who persistently supported and trumpeted Shoko Asahara that the Aum Shinrikyo cult could acquire the privilege of "tax exemption" and accumulated funds to bankroll his cruel evil doing against the Japanese people. In the Spring of 1995, Shoko Asahara organized a terrorist attack by discharging poisonous gas in Tokyo's subway, killing 12 people and injuring 5,000 others. The event sparked indignation from the Japanese people. In October of the same year, Shoko Asahara and his die-hard followers stood public trial in a local court of Tokyo and were punished in line with laws.Even at this moment, the 14th ** Lama who claimed to be a "human rights fighter" still spoke plausibly to the Kyodo News Service that Shoko Asahara remained his friend and that he still thought what the Aum Shinrikyo cult preached was in accordance with Buddhist doctrines. It was the support and connivance of the 14th ** Lama who took the foe for his friend that made Asahara feel secure in the knowledge that he had strong backing. The evil cult continued to do evils under the guise of constantly changed names and leaders. Eventually in 1999, the Japanese Senate completed the legislative procedures against evil cults including the Aum Shinrikyo. The Tokyo authorities also took a number of measures to crack down on the leaders of the evil cult.Why would the 14th ** Lama openly violate the teachings of Sakyamuni that urge his followers to get rid of demons and uphold truth and laws to favor Aum Shinrikyo? Why would he flout the tenets of Buddhism urging the masses not to do evils but to do good deeds? The 14th ** Lama had confessed in a letter to the cult, appreciating the Aum Shinrikyo Sect for its "generous donation to our Buddhist collective in exile". Aha, it turned out to be that the "leader" even bartered away the sacred tenet of Buddhism as a cheap bargaining chip in money deals.It is the 14th ** Lama's own deeds that have step by step betrayed his real intentions and political ambitions put under the guise of Buddhism and peace. A weekly newspaper in Manila commented it was a pity that the 14th ** Lama wore the cassock of a Lama but played political tricks, spoke of the pursuit of freedom through peaceful means but harbored in mind the vain attempt of restoring the past feudal rule of Lamaism. Even catholic senator P. Santorum of the United States couldn't help exclaiming that such conduct reflected a subdued religious sentiment. He held that to establish a society respecting life, cracking down upon crimes and promoting dignity of mankind, efforts must be made to prevent religion from being individualized. It appears that many people of insight across the world have recognized the tricks of the 14th ** Lama in using Tibetan Buddhism to engage in political activities and have stayed on high alert to and repulsed the deed of the ** Lama.Let's now have a look at the 14th ** Lama's attitude toward China's evil cult Falun Gong. Cult leader Li Hongzhi of Falun Gong took religion as pretence, trampled upon religious doctrines and thus invited indignation, reprimands and stern objections from the religious circles. They said that Li Hongzhi had blasphemed Buddhism by fabricating his birthday from July 1952 to May 13, 1951, the date on which Sakyamuni was believed to be born. His attempt to pass himself as the reincarnation of Sakyamuni and his bragging about getting true knowledge from Sakyamuni and thus being more powerful than Sakyamuni was "an extreme blasphemy to Buddhism", they said. However, even such an evil cult leader who is denounced by many people and had to flee abroad to escape the punishment of laws secured compassion and admiration from the 14th ** Lama. The latter first dispatched his representative to comfort Li Hongzhi and then sent over his representatives to conspire with Li and staged various farces at the time when the 56th World Human Rights Conference was held in Geneva, stopping at nothing to spread lies and rumors and to trumpet anti-China bills.As one Chinese saying goes: Birds of a feather flock together. The real reasons for the collusion of the 14th ** Lama and Li Hongzhi are their shared situation. They are both in exile after their illegal acts to subvert the Chinese government and the Chinese people ended in constant failures under the august Chinese Constitution and laws; Shared nature--They are both not resigned to failures and attempt to hoodwink and manipulate their few domestic followers to carry on making turbulence and to hold back the rejuvenation of the Chinese nation; Shared intention--They are both hostile to their motherland and regard the 1.3 million Chinese as enemies, dreaming a pipe dream of returning to China, with the support of their masters, to materialize their evil objective of splitting China. Imagine the 14th ** Lama, the self-proclaimed "religious leader", even condescended to associate with Li Hongzhi who has been labeled by the United International World Buddhism Association Headquarters as a preacher of evil cult and a swindler! This obviously reflects that the 14th ** Lama has cornered himself into a dead end!

BEIJING -- China regrets that the United States requested the World Trade Organization (WTO) to set up a dispute settlement panel to solve the intellectual property rights (IPR) disputes between the two sides.Wang Xinpei, spokesperson of the Ministry of Commerce, made the remarks in a news conference here Thursday.The Chinese government has always been firm in protecting IPR and tried to solve IPR protection problems through dialogues, Wang said.China has detailed and clarified problems raised by the US and showed great sincerity, Wang said.China's laws regarding IPR protection completely meet WTO requirements, Wang said, adding China is opposed to any WTO member's move of making developing members shoulder extra obligations through dispute settlement system, Wang said.China is studying the US request and will act actively, Wang said.The United States on Monday requested the WTO to establish a dispute settlement panel regarding so-called China's deficiencies in intellectual property protection.The US initiated the dispute over the issue by requesting consultations with China on April 10, 2007.Under WTO rules, the WTO Dispute Settlement Body (DSB) will consider the US request for the establishment of a panel at its next meeting on August 31.