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NANJING, Jan. 18 (Xinhua) -- Top Chinese legislator Wu Bangguo has urged to accelerate transformation of the mode of economic development, so as to improve sustainable development when fighting the global financial crisis.Wu, chairman of the Standing Committee of the National People's Congress, China's top legislature, made the remarks during his visit to east China's Jiangsu Province from Thursday to Sunday.He called for more efforts for the transformation of the mode of economic development, adjusting economic structure and boosting industrial upgrading."To accelerate transformation of the mode of economic development should be an important goal and strategic measure in carrying out the Scientific Outlook on Development," Wu said.Wu Bangguo (2nd L, front), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and also chairman of the Standing Committee of the National People's Congress (NPC), talks with staff members as he visits COSCO (Nantong) Shipyard in Nantong of east China's Jiangsu Province, Jan. 15, 2010. Wu Bangguo paid a visit in Jiangsu for investigation and research on Jan. 14-17The economic recovery should be based on an optimized and upgraded economic structure, and the fight against global financial crisis be a process of improving sustainablity of development, he said.Wu stressed the importance of bringing in high-level human resources, advanced technologies and management expertise. He also encouraged domestic companies to acquire research and development institutions, sales networks, and famous brands, as well as to build production bases, in foreign countries.Advanced technologies and new economic growth points are needed for transformation of development mode, economic restructuring and industrial upgrading, and also for China to participate in international competition, he said.Wu Bangguo (C), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and also chairman of the Standing Committee of the National People's Congress (NPC), shakes hands with a staff member as he visits WuXi AppTec company in Suzhou of east China's Jiangsu Province, Jan. 16, 2010. Wu Bangguo paid a visit in Jiangsu for investigation and research on Jan. 14-17Wu also called for more efforts to develop emerging industries, including new energy, new materials, Internet of Things, low-carbon technologies and others, "to ensure China will not lose a new round of international economic competition."Human recourses are the key factor of industrial upgrading and nurturing new economic growth points, Wu said."We shall bear in mind that human resources are of utmost importance," he said.Wu visited industrial parks, scientific research institutions and workshops of enterprises in the cities of Nantong, Suzhou and Wuxi.
BEIJING, Jan. 13 (Xinhua) -- China sent an emergency rescue team Wednesday evening to quake-hit Haiti, where several thousands of lives may have been claimed. Chinese leadership expressed sympathy with and deep condolence to the Haitian people for their loss in the strongest ever quake in about 200 years in the Caribbean islands country, with which China has no diplomatic relations. Chinese President Hu Jintao and Premier Wen Jiabao have demanded the related Chinese government departments and rescue group to help uncover those being buried, protect Chinese nationals there and provide humanitarian aid. A female armed police official helps fastening helmet of a female member of a Chinese rescue team before the 50-member team's departure for quake-hit Haiti, at the Capital International Airport in Beijing, capital of China, Jan. 13, 2010. The team consist of search and rescue personnel, who have conducted many rescue tasks of this kind in the past years, and three sniffer dogs China's Red Cross Society has decided to donate one million U.S. dollars of emergency aid to the country, which was hit Tuesday by the 7.3-magnitude earthquake at about 4:53 p.m. local time (2153 GMT). The epicenter of the devastating quake was located under the sea, some 15 km southwest of the capital city Port-au-Prince, home to an estimated four million. Members of a Chinese rescue team with sniffer dogs are ready to board a plane leaving for quake-hit Haiti, at the Capital International Airport in Beijing, capital of China, Jan. 13, 2010. A 7.0-magnitude earthquake hit Haiti on Tuesday local time, collapsing a hospital and damaging government buildings in its capital city of Port-au-Prince

BEIJING, Jan. 15 (Xinhua) -- China will soon clarify the rules and regulations on qualified foreign institutional investors (QFIIs) trading stock index futures in China, the China Daily reported Friday. "The regulator will work on the policies and regulations on securities companies, mutual funds and QFIIs ... in order to guarantee the smooth launch of index futures," the newspaper quoted Shang Fulin, chairman of China Securities Regulatory Commission (CSRC) as saying at a national conference on securities and futures supervision that ended Thursday. CSRC will also enhance supervision on securities firms that provide brokerage services for index futures trading and improve the country's cross-market supervision regime, the newspaper quoted Shang as saying. Foreign institutions may be allowed to trade index futures using a portion of their QFII quota, but details on trading requirements are still unknown, said the newspaper. At the conference Shang also said that the regulator would introduce margin trading and short selling pilot programs at the appropriate time, according to the newspaper.
GENEVA, March 16 (Xinhua) -- A senior Chinese diplomat on Tuesday called for international cooperation in dealing with global challenges such as economic crisis, climate change and the shortage of energy and resources."The impact of the global economic crisis is still with us, while global challenges such as climate change, energy and resources, public health security have become increasingly prominent," said He Yafei, China's new ambassador to the United Nations Office in Geneva."Collective efforts are essential, under the present new circumstances, if the above global problems are to be put behind us. No country can do it alone," He told a reception marking his assumption of office.According to the ambassador, China has always stood for intensified international cooperation to meet global challenges."Over the past year, China has actively participated in international cooperation to address international financial crisis and climate change, and played a unique and constructive role in a series of major international conferences," he told diplomats and journalists at the reception.He added that China had all along championed multilateralism, and the country had been resolute in supporting the positive role of the United Nations in maintaining world peace and security, promoting common development and safeguarding human rights.
TAIPEI, Feb. 19 (Xinhua) -- General Secretary of the Communist Party of China Central Committee Hu Jintao's talk to Taiwan business people during his Spring Festival visit in Fujian Province delivered goodwill to Taiwan, media and scholars on the island said.Leading newspapers in Taiwan including the China Times and the United Daily News followed the developments of Hu's four-day inspection tour in Fujian, which faces Taiwan.Hu ended his tour on Feb. 15 after visiting Zhangzhou, Longyan and Xiamen and celebrated the Spring Festival, or the Lunar New Year, with local residents and Taiwan compatriots living in Fujian.Hu told Taiwan business people the mainland would try its best in everything that would benefit Taiwan compatriots, and "we will honor our words."Chinese President Hu Jintao (2nd L), who is also general secretary of the Central Committee of the Communist Party of China (CPC), talks with a businessman (1st L) from China's Taiwan Province, at the Zhangpu Pioneer Park of Taiwan farmers in Zhangzhou, east China's Fujian Province, Feb. 12, 2010He also said the negotiation on the Economic Cooperation Framework Agreement between the mainland and Taiwan would "put into full consideration the interests of Taiwan compatriots, especially those of farmers."The China Times carried a commentary saying the message conveyed in Hu's speech to Taiwan business people was worth careful reading by Taiwan authorities.The online edition of the Central Daily News also released a commentary headlined "Hu Jintao celebrates Spring Festival in Fujian, delivers goodwill to Taiwan people."Hsu Wun-Pin, a renowned lawyer in Taiwan, said Hu's visit highlighted the role of culture and kinship in cross-Strait relations.Hsu's ancestors lived in Tong'an, now a district of the coastal city of Xiamen.Tamkang University prof. Chang Wu-yueh said Hu's choice of visiting Taiwan businessmen in cities that saw thriving cross-Strait exchanges during the most important traditional festival of the Chinese nation clearly displayed the mainland's high expectations of cross-Strait relations.
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