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BEIJING, July 16 (Xinhua) -- As the special guests of Chinese President Hu Jintao, 88 students from the quake-hit areas on Wednesday visited Zhongnanhai, the compound of central authorities, and had a joyous time with grandpa Hu before going to Russia for recuperation. "I hope all you schoolmates will rest well and recover as soon as possible with the help of Chinese and Russian teachers. I also hope that you will take this rare opportunity to make friends with Russian pals and be the little envoys for our two countries," Hu told the children. These middle and elementary school students, who come from western China's Sichuan, Gansu and Shaanxi provinces severely stricken by the May 12 earthquake, represent 1,000 children who are going to Russia for further recovery. Chinese president Hu Jintao talks with students from quake-hit areas who visit Zhongnanhai in Beijing before going to Russia for further recuperation on Wednesday, July 16, 2008. The first group of 181 children from China's quake-hit provinces of Sichuan and Shaanxi will fly to Russia on Thursday for a three-week recuperative vacation The children had a wonderful time visiting the beautiful sceneries in Zhongnanhai, asking officials' innocent questions and taking pictures with big smiles. Hu, with arms around several students, asked for their names, grades, hometowns and their feelings for traveling to Russia. Informed that some of the children had lost their parents during the quake, Hu said, "In the homeland's big family, you have many more parents. We will help arrange your life and study well, and ensure that you grow up as happy and healthy as all the other children." Hu carefully examined the injuries on some children and expressed the hope that they would, after coming through the calamity, become braver and tougher to overcome any difficulty in their future life. Hu urged the students to help each other when going out of the country and wished them a wonderful time in Russia. During the activity, Hu also met with a senior official with the Russian embassy to China and expressed his gratitude for all the help Russia offered since the quake. "During the disaster, the Russian government and people offered us timely help, and you invited more than 1,000 quake-hit middle and primary school students to go to Russia for recovery. All these show Russian people's love for the Chinese. And it once again proves that we two countries are real good neighbors and friends," said Hu. The death toll from the May 12 earthquake in Sichuan Province, southwest China, stood at 69,197 as of Wednesday noon, and a total of 18,238 people were still missing.

BEIJING, July 12 (Xinhua) -- The Chinese government will modify its temporary subsidy plan for quake survivors starting in September, with each survivor experiencing financial hardship to get 200 yuan (29 U.S. dollars) per month, a State Council statement said on Saturday. "Life in most parts of the area will return to normal by September but, in some worst-hit areas, some people might still suffer difficulties. To help them, the government decided to continue financial assistance after the present policy ends," said the statement issued after a cabinet meeting presided over by Premier Wen Jiabao. Chinese Premier Wen Jiabao (C) presides over the 23rd meeting of the quake relief headquarters of China's State Council in Beijing, capital of China, July 12, 2008. The quake, on May 12, left millions of people homeless and destitute. The policy will cover such categories as orphans, the elderly and the disabled without family support, those whose relatives were killed or severely injured, those who were displaced and those whose residences were destroyed, it said. Since the disaster, every needy survivor has been eligible to receive 10 yuan and 500 grams of food a day. The policy has covered about 8.82 million people but will end in August. The new system won't include any food allotment. Some types of survivors could receive more than the minimum. Under the present policy, about 261,000 orphans, elderly and disabled without family support have received 600 yuan a month. Under the new policy, they will receive more than 200 yuan, the statement said, without elaborating. The new policy will expire in November, the statement said. Chinese Premier Wen Jiabao speaks at the 23rd meeting of the quake relief headquarters of China's State Council in Beijing, capital of China, July 12, 2008 The meeting heard a report by an experts' committee on the Wenchuan County-centered quake and ordered it to keep monitoring aftershocks in the quake zone for another two months. The panel was also told to forecast areas that might be affected by major secondary disasters and evaluate possible losses to help reconstruction. The experts were also told to locate sites where quake debris can be stored for long periods for later investigation and take measures to protect such sites. The meeting endorsed an assessment report by central and provincial authorities, which listed 10 counties and cities, including Wenchuan County, Beichuan County and Dujiangyan City, as the worst-hit areas. Another 41 counties, cities and districts were characterized as heavily affected and other 186 were said to be moderately affected. The first two categories will be covered by the national reconstruction plan, it said. The 8.0-magnitude quake has claimed nearly 70,000 lives, injured more than 374,000 people and left another 18,340 missing.

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BEIJING, Sept. 5 (Xinhua) -- Chinese equities tumbled on Friday following a heavy slump overnight on Wall Street as concerns about the U.S. economic slump worsened. The Shanghai Composite Index sank 3.29 percent, or 74.97 points, to 2,202.45. The key index has declined more than 58 percent this year and more than 63 percent from its peak in October. In Shenzhen, the market fell 2.8 percent, or 209.4 points, to 7,264.2. Aggregate turnover expanded to 42.55 billion yuan (6.22 billion U.S. dollars) from 38.99 billion yuan on the previous trading day. Losses outnumbered gains by 827-47 in Shanghai and 702-32 in Shenzhen. Wall Street fell on Thursday with the Dow Jones down more than 340 points as disappointing jobless and retail data left investors doubtful of a U.S. economy recovery. The downturn partly contributed to a fall in China equities, analysts said. Tracking the Wall Street loss, both the Hong Kong and Tokyo exchanges plunged more than 2 percent on Friday. A resident walks past an electronic board showing the fall of Hang Sang index in Hong Kong, south China, Sept. 5, 2008. Hong Kong's benchmark Hang Seng Index closed at 19,933.28 points Friday, breaching the key psychological supporting mark of 20,000The key Shanghai index fell through the 2,245 points, which was labeled as a psychological mark by analysts. The mark was the peak of the market's last bullish period that ended in 2001. The breach increased market panic and the weak sentiment would remain until the authority could come up with detailed market-boosting measures instead of just vague market talks, a Shanghai Shiji Investment Consultant Company analyst said. Continuous retreats in the world crude oil price and other commodities heightened worries that a global slowdown would cut demand and would dent corporate profits, analysts said. Crude oil for October delivery dropped 1.46 U.S. dollars overnight to 107.89 U.S. dollars per barrel on the New York Mercantile Exchange, falling for a fifth straight day to a five-month low. In response, China National Offshore Oil Corp. (CNOOC), the country's largest offshore oil explorer, fell 4.24 percent to 13.76 yuan. China Shenhua, the country's top coal producer, shed 3.16 percent to 24.54 yuan and Yanzhou Coal Mining Company lost 4.29 percent to 12.71 yuan. Investor confidence was also dampened by news of China Merchants Securities plan to launch an initial public offering (IPO), Guosen Securities senior analyst Tang Xiaosheng said. Brokerage shares declined across the board. CITIC Securities sank 3.18 percent to 18.56 yuan, Guojin Securities slumped 7.3 percent to 27.94 yuan, while Hongyuan Securities lost 4.79 percent to 13.92 yuan. China Merchants Securities Co. Ltd. said in a prospectus released late on Thursday that it planned to issue 358.55 million A-shares on the Shanghai bourse. The application would be decided by market regulators on Monday. If approved, it would become the second domestic brokerage IPO following Everbright Securities after a five-year suspension.

JEDDAH, Saudi Arabia, June 22 (Xinhua) -- China will stick to the a sustainable energy strategy and make active contributions to the sustainable energy development and energy security in the world, Chinese Vice President Xi Jinping said on Sunday. China will put emphasis on both energy exploitation and conservation with priority given to economizing on energy consumption, Xi said at the ongoing International Energy Conference held in the western Saudi port city of Jeddah. Chinese Vice President Xi Jinping addresses the the international energy meeting held in Jeddah, Aaudi Arabia on SundayChina has drafted a plan to reduce the energy consumption in per unit gross domestic product by about 20 percent by 2010 from the 2005 level, Xi said. "We'll take all possible measures to achieve the goal," he told the one-day meeting. China will try to meet the demands for economic growth and the improvement of people's life by increasing domestic energy supply, Xi said. China still has great potential for domestic energy supply, as the country has abundant reserves in coal, the major source for its energy. Its rich hydroelectric resources, plus other new energies such as nuclear energy, wind energy, are yet to be fully exploited, he added. China will pursue diversified development of energy supplies, Xi said. Various energy forms such as coal, oil and gas, hydroelectricity, wind electricity and solar energy will supplement each other to secure a stable energy supply, he said. Technological progress and innovation in the energy field will be encouraged in China, said the vice president. China will enhance its ability of innovation, break through the bottlenecks of energy technology and seek new ways to exploit energy resources, he said. China will strive to build a resource-conserving and environment-friendly society by ensuring the coordinated development of energy production and environmental protection, he said. China will also adhere to the principle of mutual benefit in the energy field and strengthen cooperation with energy producing and consuming nations, he added.

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DUSHANBE, Aug. 27 (Xinhua) -- China and Tajikistan have reached broad consensus on deepening bilateral cooperation in politics, economy, trade and their efforts to combat terrorism, according to a joint statement issued here Wednesday following a meeting between the presidents of both countries. TO ENHANCE NEIGHBORLY COOPERATION According to the statement, the two sides agreed that the Chinese-Tajik Good-Neighborly and Friendly Cooperation Treaty signed last year forged a solid legal basis for the development of bilateral ties. Both sides spoke highly of the current development of bilateral ties and believed the rapid development of cooperation in various fields has brought tangible benefits to the two peoples. They also made a commitment on furthering exchanges and cooperation between China's National People's Congress and the Tajik Parliament, as well as among special committees and friendly groups, in order to improve the legal basis for bilateral ties, consolidate traditional friendship and enhance understanding between the two peoples. The two sides hailed the settlement of border issues and pledged to seek long-term peace. They also voiced mutual support for important issues concerning each others' sovereignty and territorial integrity. Visiting Chinese President Hu Jintao (R front) reviews the honour guard with his Tajik counterpart Emomali Rakhmon during the welcoming ceremony held by Emomali Rakhmon in Dushanbe, capital of Tajikistan, Aug. 27, 2008The statement has Tajikistan reiterating its adherence to the one-China policy, saying Taiwan is an inalienable part of China. The two sides held the point that the Shanghai Cooperation Organization (SCO) has developed smoothly and become an important platform for member states to deepen neighborly ties on the basis of mutual trust and benefit. Central Asian countries have unique traditions in history and culture, and the international community should respect the countries' own development paths, the statement said. The two sides pointed out that they have maintained the same or similar stances on a series of major international or regional issues, and will strengthen cooperation under the framework of the United Nations and other international organizations. Visiting Chinese President Hu Jintao (L back) and his Tajik counterpart Emomali Rakhmon hold joint press conference after meeting in Dushanbe, capital of Tajikistan, Aug. 27, 2008TO BOOST ECONOMIC TIES China and Tajikistan agreed that bilateral economic and trade cooperation bears special significance for the all-round development of bilateral ties. They agreed to intensify the work of the inter-governmental trade commissions, improve investment environment and further optimize the structure of bilateral trade. China and Tajikistan will also expand cooperation in transportation, telecommunications, mineral exploration and processing, as well as agriculture and infrastructure, the statement said. The two sides will tap cooperation potential in road transportation and cross-border transportation, and boost pragmatic cooperation in border areas by adopting policies encouraging trade. The two neighbors will also create favorable conditions for each other to carry out investment, trade, and technical and economic cooperation. In addition, China and Tajikistan will step up efforts to broaden cooperation in education, culture, science and technology, media, tourism, sports, health and social security. Visiting Chinese President Hu Jintao (R) meets with Tajik Prime Minister Akil Akilov in Dushanbe, capital of Tajikistan, Aug. 27, 2008TO COMBAT TERRORISM, DRUG-RELATED CRIME Both sides agreed that cracking down on the East Turkistan terrorists is a significant part of the international struggle against terrorism. China and Tajikistan have signed the multilateral Shanghai Convention on Combating Terrorism, Separatism and Extremism, and a convention on bilateral cooperation in combating the three forces. Based on the conventions, the two countries will maintain close cooperation in security and take strong measures to jointly combat terrorism in various forms to protect regional peace and stability. The two sides also pledged to fight against drug-related crime, saying such crimes have seriously affected national security and social stability of the countries in the region, the statement said. Visiting Chinese President Hu Jintao and his Tajik counterpart Emomali Rakhmon met here Wednesday to discuss furthering bilateral ties. Hu arrived here on Tuesday for a state visit and the SCO summit slated for Thursday.

GUANGZHOU, April 18 (Xinhua) -- Exhibitors at China's largest trade fair may have one more question to ask when their paper-thin profits are further squeezed by a fast-rising yuan. "Are you willing to pay by euro?" Lu Jia, a sales manager from a local leather manufacturer at the Canton fair, ventured the final but most crucial question to her Turkish client after introducing her products. "Honestly, starting clearing of euro transactions rather than the U.S. dollar is not easy for my company, but it is still worth a try given a faster yuan rise this year," the 23 year-old Lu said at the trade-promotion event in Guangzhou, capital of the southern Guangdong Province. The Chinese currency, the yuan, breached the 7-yuan mark for the first time on April 10, gaining 4.47 percent this year and 18.27 percent since the government unpegged it from the dollar in 2005. "The yuan appreciation far outpaced our business growth. Its weekly increases were even beyond our anticipation," said Cao Xiaojian, the Jiangsu Shuntian Co., Ltd vice chairman. Like most other Chinese exporters, Cao earns dollar-denominated profits, which are on the decline as the dollar becomes cheaper. He said that a 1 percent rise in the yuan would result in a sales profit decrease of 2 percent to 6 percent and things were even worse for the garment industry. "Profit margins for home electrical appliances are between 3 percent and 5 percent and the rising exchange rate has eaten them away," said Zhang Yujing, China Chamber of Commerce for Import and Export of Machinery and Electronic Products vice chairman. Most exhibitors at the fair had to raise their offers due to higher costs in raw materials, energy and transport. Yet, they were afraid too high prices might scare away orders faced with sagging demand due to a global slowdown. "A small rise in offers is acceptable," said Khaldoun Kalbouneh, general manager of the Furniture World, a trading company headquartered in Palestine. "But if the prices are too high, I may consider other markets." Zhang said export-oriented sectors should improve their product mix, add more value and use financial tools to evade risks by the yuan rise. As China's largest listed textile manufacturer, the Jiangsu Shuntian has pulled investment from textile into other industries like chemical, finance and securities, mines and high-tech, among others. But many other companies prefer price increases. Chinese leading home appliance maker Qingdao Haier said it would re-set its prices with overseas sellers once the yuan gained more than 3 percent. The new price would be determined by the specific foreign exchange rate. Feng Bin, Suzhou Chunlan Air Conditioner Co., Ltd general manager, said he hoped to transact via the euro. "The offer will expire in three months if the client sticks to the dollar. The exchange rate changes too quickly." Experts say the change of currency clearing system is still not feasible for most exporters as it involves adjustment of export markets and bargain with foreign buyers. Besides, such services in domestic banks are too complicated, they say. Therefore, some companies are considering financial derivatives as a way out. Shen Zhiming, Zhejiang Cathaya International Co., Ltd manager, said his company had bought currency futures for two years. "It is a real learning process for Chinese enterprises, a process for internationalization." The China Import and Export Fair has two phases, from April 15 to 20 and April 25 to 30. The first phase features textiles, garments, health products, household appliances, tools, small vehicles and hardware. Food, tea, kitchenware, decorations, toys, sporting goods and office supplies highlights the second phase.

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