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BEIJING, July 13 (Xinhua) -- China's Ministry of Finance announced Monday that the country's fiscal revenue in June rose 19.6 percent year on year to 686.75 billion yuan (100.5 billion U.S. dollars).     However, in the first half of this year, fiscal revenue fell 2.4 percent to 3.398 trillion yuan, said the ministry in a statement on its website.     The growth rate last month was 14.8 percentage points higher than the growth rate in May. Fiscal revenue fell 9.9 percent in the first four months this year from a year earlier to 2.05 trillion yuan due to shrinking business profits hit by the global economic slowdown and active fiscal policies including tax cuts to buoy domestic economic growth.     The ministry attributed the revenue rise in June to the stabilization of overall economic performance, growing business profits and the increase in the cigarette tax.     The government announced on June 20 the tax on cigarette cartons costing 70 yuan or more would rise to 56 percent from 45 percent, and the tax on cigarette cartons costing less than 70 yuan would rise from 30 to 36 percent.     Sales tax revenues rose 63.1 percent year on year in June, with business tax revenues edging up 6.4 percent, but the ministry did not specify the figures.     In June, China's fiscal expenditure increased 21.5 percent to 640.56 billion yuan from a year earlier. From January to June, the figure stood at 2.89 trillion yuan, up 26.3 percent from the same period last year.     The government unveiled a 4-trillion-yuan stimulus package in November last year to be spent over the next two years to shore up the world's third largest economy, with 1.18 trillion yuan from the central government.     Fiscal revenue includes taxes as well as administrative fees and other government income, such as fines and income from state-owned assets.

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URUMQI, July 7 (Xinhua) -- More than 60 overseas media have sent journalists to Urumqi, capital of northwest China's Xinjiang region, after a riot broke out in the city Sunday, leaving 156 people dead and 1,080 others injured.     "We disclosed information shortly after the incident. We welcome domestic and overseas journalists to come and see what happened," Hou Hanmin, deputy head of the publicity department of the Communist Party of China (CPC) Xinjiang regional committee, said Tuesday. Chinese and foreign journalists work at the press center established at Hoi Tak Hotel in Urumqi, capital of northwest China's Xinjiang Uygur Autonomous Region, July 7, 2009. More than 60 overseas media have sent journalists to Urumqi after a riot broke out in the city Sunday, leaving 156 people dead and 1,080 others injured"As long as security can be guaranteed, we will try our best to arrange interviews," the official said, adding the country was moving ahead on information disclosure.     Sixty overseas news media and 80 domestic news media organizations attended a press conference Tuesday afternoon, at which the Urumqi mayor said identification of the dead in the riot is underway.     "The government adopts a much more open attitude toward the media after the incident, compared with that after the March 14 unrest in Tibet and the Sichuan earthquake last year," said Ted Plasker in fluent Chinese. He is a journalist with The Economist who has been in China since 1989. Chinese and foreign journalists work at the press center established at Hoi Tak Hotel in Urumqi, capital of northwest China's Xinjiang Uygur Autonomous Region, July 7, 2009. More than 60 overseas media have sent journalists to Urumqi after a riot broke out in the city Sunday, leaving 156 people dead and 1,080 others injured"I saw tight security and very little traffic in the city," said Plasker, who arrived in Urumqi Monday afternoon.     "I have been to the scene and the hospitals. It's horrible to see the people drenched in blood and the shattered shops. Many people who had been attacked told me they did not understand why it happened."     Plasker said he himself wanted to know why such a violent riot had happened. Chinese and foreign journalists cover events in the street of Urumqi, capital of northwest China's Xinjiang Uygur Autonomous Region, July 7, 2009. More than 60 overseas media have sent journalists to Urumqi after a riot broke out in the city Sunday, leaving 156 people dead and 1,080 others injured"Some places in the city were surrounded by policemen and traffic control could be seen," he said. "But I understand it's for our safety."     Choi Yoo Sik, a journalist from South Korean daily Choson Ilbo, said the Chinese government was very open on the incident. "We foreign journalists can interview anybody, Han or Uygur. I have got enough information for my stories."     However, when speaking about the situation in the street, he frowned and said, "it is still dangerous at the moment."     Urumqi authorities have opened a news center, equipped with more than 50 computers with Internet access, to both Chinese and foreign journalists since Monday afternoon.

ASHGABAT, June 23 (Xinhua) -- Visiting Chinese Vice Premier Li Keqiang said here late Tuesday that China and Turkmenistan have enjoyed healthy and steady development in bilateral relations since the two countries established diplomatic ties in 1992.     Li made the remarks in a written speech at the Ashgabat airport after arriving in the Central Asian country for a three-day official visit. Chinese Vice Premier Li Keqiang (L) is greeted by Turkmenistan's Deputy Prime Minister Tachberdy Tagiyev upon his arrival at the airport of Ashgabat, Turkmenistan, June 23, 2009.The friendship and cooperation between China and Turkmenistan had witnessed healthy and steady development in the past 17 years, adding that bilateral cooperation in different areas had been increasingly enhanced and yielded meaningful results, he said.     Li noted that China and Turkmenistan have supported each other on critical issues, worked closely in multi-lateral areas and made positive contributions to regional peace, stability and common development. Chinese Vice Premier Li Keqiang (R) is greeted upon his arrival at the airport of Ashgabat, Turkmenistan, June 23, 2009. Turkmenistan is the first leg of Li's three-nation tour that will also take him to Finland and Uzbekistan.     During his stay in Turkmenistan, Li will hold talks with Turkmenistan's President Gurbanguly Berdymukhamedov, which will focus on bilateral relations and cooperation in economy, energy and other areas between the two countries. Chinese Vice Premier Li Keqiang (L) is greeted by Turkmenistan's Deputy Prime Minister Tachberdy Tagiyev (R) upon his arrival at the airport of Ashgabat, Turkmenistan, June 23, 2009.

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BEIJING, May 2 (Xinhua) -- President Hu Jintao on Saturday urged young Chinese to embrace "patriotism," "diligence," "practice" and "devotion" to rejuvenate the Chinese nation.     Young people should courageously shoulder their historic mission and work hard with the whole nation to build socialism with Chinese characteristics, Hu said. Chinese President Hu Jintao (front) waves to teachers and students in the China Agricultural University, in Beijing, May 2, 2009. President Hu Jintao on Saturday urged young Chinese to embrace "patriotism," "diligence," "practice" and "devotion" to rejuvenate the Chinese nationHe made the remarks during a visit to Beijing-based China Agricultural University ahead of the Chinese Youth Day, which is Monday.     The day originated from the "May Fourth Movement," a mass student movement in China that began on May 4, 1919. It spearheaded a national campaign to overthrow the feudal society and promote scientific and democratic ideas.     Hu, also general secretary of the Communist Party of China (CPC) Central Committee, said that in the past 90 years, generations of young Chinese, encouraged by the "May Fourth" spirit which highlights patriotism, progress, democracy and science, have made unremitting efforts in pursuit of the grand goal of rejuvenating the Chinese nation. Chinese President Hu Jintao (R) shakes hands with teachers and students during his visit to the China Agricultural University, in Beijing, May 2, 2009."Now, the bright prospect of realizing that goal has dawned before us, and the best way for modern young people to remember the movement and the forerunners is to work persistently with the whole nation for the progress of the socialist cause with Chinese characteristics," he said.     The tasks the students shoulder are heavy and their mission is glorious, the president said, encouraging them to uphold patriotism, study diligently, practise what they have learned at school, and dedicate themselves to the society by working hard for the bright future of the country. Chinese President Hu Jintao (C) talks with teachers and students in a greenhouse during his visit to the China Agricultural University, in Beijing, May 2, 2009. "First, I hope you will always uphold the banner of patriotism, as it is the spiritual backbone that has sustained the Chinese nation through all the tribulations."     Hu said that in modern China, the most distinctive theme of patriotism is promoting the socialist modernization through reform and opening-up, building a well-off society and turning the blueprint of rejuvenating the Chinese nation into reality. He urged the students to realize the value of their lives through working for the country and the people.     Secondly, he encouraged the students to study hard to lay a foundation for their future progress in life. "Our country's modernization drive calls for a large number of high-quality professionals, and so long as you study diligently, you will become useful people for the nation's development." Chinese President Hu Jintao (C) talks with teachers and students in a greenhouse during his visit to the China Agricultural University, in Beijing, May 2, 2009.Thirdly, Hu called on the students to put what they've learned at school into social practice and undergo the test of harsh environment. "I hope more students will voluntarily temper themselves at the grassroots level and work at places where the country and people need them most."     He also called for devotion from the young people, urging them not to just seek personal interests but dedicate themselves to the society. Chinese President Hu Jintao (L) shakes hands with a student in a greenhouse during his visit to the China Agricultural University, in Beijing, May 2, 2009.Hu also visited the university's greenhouse and biological labs, praising its contribution to the country's agricultural development.     Concerned with the issue of graduate employment, Hu encouraged the students to voluntarily choose to work at the grassroots level, and told the school to offer better service in helping them find jobs. Chinese President Hu Jintao (C, front) talks with a student in a greenhouse during his visit to the China Agricultural University, in Beijing, May 2, 2009

DAMASCUS, June 29 (Xinhua) -- China's new special envoy to the Middle East Wu Sike said on Monday in an interview with Xinhua that the concerning parties of the Mideast peace process should hold confidence to make progress.     Wu, who arrived in Damascus on Monday, starting the fifth leg of his first visit to the Middle East as China's new special envoy.     After meeting with Syrian Foreign Minister Walid Mualem and Vice President Faruk Shareh, he told Xinhua that Syria and China has enjoyed good bilateral relationships and Syria appreciates China's role in the region and the Mideast peace process. China's Mideast envoy Wu Sike (L) meets with Syrian Vice President Faruk al-Shareh in Damascus, Syria, June 29, 2009."It is necessary to enhance the coordination and communication between two countries," said Wu.     He also stressed that just and comprehensive Mideast peace could only be achieved by abiding by the relevant international resolutions and the land-for-peace principles.     "We held good talks with Minister Mualem on the latest developments in the region," the Chinese official said, adding "we support the return of the occupied Golan heights and the establishment of a viable Palestine state with independent sovereignty."     Wu, former Chinese ambassador to Egypt, was appointed as the special envoy in March this year to replace Sun Bigan.     He has been director of the Department of West Asian and North African Affairs of the Foreign Ministry, ambassador to Saudi Arabia and Egypt, and also the first Chinese plenipotentiary to the Arab League. Visiting China's Mideast envoy Wu Sike (L) meets with Syrian Foreign Minister Walid al-Muallem in Damascus, Syria, June 29, 2009.Before visiting Syria, Wu has already visited Egypt, the Palestinian territories, Israel and Jordan.     He told reporters that although some positive signs has turned up in the region, confidence is still needed, because "we have a long and tough way ahead to finally reach a just and comprehensive peace in the region."     During his first stop in Egypt on June 21, Wu met with Egyptian Foreign Minister Ahmed Abu Gheit, and he also had talks with the Cairo-based Arab League Secretary General Amr Moussa.     The Chinese official told Egyptian officials that "Negotiation is the only and the best way to solve the conflicts in the region and China will support all the efforts in this regard."     After holding dialogues with Arab and Israeli officials, Wu noted that Arab world has seen the positive factors in Israeli Prime Minister Benjamin Netanyahu's recent foreign policy speech, which conditionally accepted the two state solution for the first time.     However, the Arab world widely opposed the preconditions of establishing a Palestinian state in Netanyahu's speech, highlighting the Palestinian state is unable to exist with those conditions, said Wu.     "Israel could not achieve its ultimate security until Israel and the Palestinians realize their peaceful coexistence," said the Chinese envoy, noting that "I have urged the Israeli leaders and politicians to accept the two state solution, stop establishing settlements and negotiate with Syria and Lebanon with concerning issues."     Meanwhile, the Chinese envoy, who is also scheduled to visit Lebanon and Russia, stressed that China is willing to support with all effort to make peace in the Middle East.     "Both Arab world and Israel are waiting for the other side to make a substantial step, therefore the international community needs to push forward the process," said Wu.

BEIJING, May 6 (Xinhua) -- China's central bank said Wednesday the economy is doing "better than expected" in the first quarter, and pledged to maintain "ample" liquidity in the financial system for economic recovery.     China would stick to its moderately easy monetary policy and ensure "ample" liquidity at banks, the People's Bank of China (PBoC) said in its quarterly monetary policy report posted on its website.     The country has pumped 4.58 trillion yuan (670 billion U.S. dollars) of new loans into the economy in the first quarter to stimulate growth.     The figure is already nearing 5 trillion yuan of new loans targeted for the whole year. In March alone, new loans increased by a record 1.89 trillion yuan.     The country's financial institutions and enterprises would digest the huge amount of new loans in the following months, the report said.     Industry insiders have said credit extended by China's banks in April may have dropped to above 600 billion yuan after staying at above 1 trillion yuan for three straight months.     The central bank said new lending from commercial banks focused on government-backed projects. It encourages more bank loans to be channeled to small and medium-sized enterprises as they play an important role in the national economy and in increasing employment.     The central bank said in the first-quarter monetary policy report it would continue to instruct financial institutions to extend new loans, despite the earlier surge.     The pick-up in bank lending is conducive to stabilize the financial market and boosting market confidence, PBoC said. Meanwhile, the bank urged lenders to improve credit quality to avoid a possible rebound in bad loans.     There have been "positive changes" in the economy in the first quarter, the bank said, echoing remarks made by Premier Wen Jiabao last month.     The quarter-on-quarter growth is improving, compared to the fourth quarter of last year, it said, without giving specific figures.     China's economy expanded 6.1 percent in the first quarter, the lowest pace in 10 years and down from 9 percent in the fourth quarter last year.     The central bank also said foundations for the recovery are not solid, as uncertainties in external economies still exist and private investment is yet to become active with new lending concentrated on government projects.     In listing uncertainties ahead, the bank said the country still has to battle against the financial crisis that is unfolding and a collapse in external demand that is hurting exports.     The country is also under great pressure to create enough jobs and from a slower growth in residents' income, which would suppress future consumption, it said.     The bank also warned overcapacity and insufficient demand may drive prices lower in the country with the world economy in a downturn.     But it also said continued falls in prices may become less likely along with the world recovery, a turnaround in the national economy and fast credit growth.     "Prices of primary products and assets may rebound quickly once investor confidence is restored, as the global credit is relatively loose thanks to injection of liquidity and stimulus packages across the world," the bank said.     The central bank also said it was concerned that the extraordinary monetary policy adopted by other major economies would result in inflation risks.     It referred to the quantitative easing policy adopted by the U.S., Japan, Britain and Switzerland to pump cash into their economies.     The quantitative easing policy meant increasing currency supply through purchasing mid- and long-term treasury bonds after central banks cut interests rates to near zero.     The extraordinary monetary policy harbored huge risks for international financial markets and the global economy, said the central bank.     It would increase the risk of global inflation, said the central bank, suggesting it would create new assets bubbles and inflation if central banks of major economies failed to mop up thehuge liquidity when the global economy recovered.     "A policy mistake made by some major central banks would put the whole world in risk of inflation," it said.     The quantitative easing policy would also make exchange rates of major currencies more volatile, according to the report.     The central bank cited the U.S. move to purchase treasury bond in March as an example, saying although the dollar had appreciated against other major currencies, it fell after the purchase.     PBoC said the policy would leave the bond markets subject to fluctuations.     It said massive purchase of mid- and long-term treasury bonds may keep yield at a low level. But in the long run, as the financial markets returned to stability and the economy recovered, inflation expectations would grow, interest rates would rise, and bond prices would adjust sharply, according to the report.

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BEIJING, July 2 (Xinhua) -- More than 900 scholars, experts and representatives from business circle from around the world have gathered in Beijing to discuss remedies for the global financial crisis and the future development of the world economy.     They are attending the Global Think Tank Summit, which opened here Thursday evening.     Attendees to the summit included former President of the European Commission Romano Prodi, former Secretary of State of the United States Henry Kissinger, and Muhammad Yunus, laureate of the Nobel Peace Prize. Former U.S. Secretary of State Henry Kissinger delivers a keynote speech in Beijing, capital of China, July 2, 2009. The global think-tank summit opened here Thursday.    Scholars, experts and business leaders attending the summit will discuss issues including global consumption, savings and the financial security, trade and investment liberalization, as well as sustained development and macro-economic policies in the coming two days.     The summit is organized by China Center for International Economic Exchanges (CCIEE), a non-governmental research and consulting organization created in this March and headed by former Chinese Vice Premier Zeng Peiyan

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FLORENCE, Italy, July 7 (Xinhua) -- Visiting Chinese President Hu Jintao said Tuesday that China highly values its relations with Italy and is willing to broaden consensus and deepen pragmatic cooperation with the country in various fields. Bilateral relations have developed smoothly since China and Italy established diplomatic relations 39 years ago, Hu said at a meeting with senior Italian officials, including Culture Minister Sandro Bondi and Toscana Region's President Claudio Martini.     He added that the two countries have further deepened their cooperation in politics, economy, culture and other fields especially since they set up an all-around strategic partnership in 2004. Chinese President Hu Jintao (R) meets with Giancarlo Galan, president of Italy's Veneto region, in Venice, Italy, on July 7, 2009    On regional cooperation between the two countries, the president said he is convinced that with the joint efforts from both sides, new achievements will be made in cooperation between Toscana Region and relevant regions in China.     Bondi and other Italian officials welcomed Hu's visit to Florence, capital of Toscana Region, and said they were inspired by China's development over the past years and would enhance exchanges with China so as to bring the friendly relations at the local level to a new height.     Italy will actively participate in the 2010 Shanghai World Expo and strive to ensure the "Chinese Culture Year" next year in Italy a success, the officials added.     Hu arrived in Rome on Sunday for a state visit to Italy.

BEIJING, May 6 (Xinhua) -- Chinese President Hu Jintao and his U.S. counterpart, Barack Obama, on Wednesday discussed bilateral relations and the A/H1N1 flu epidemic during a telephone conversation.     Hu recalled that during their meeting at the Group of 20 summit in London in early April, he and Obama agreed to work together to build a positive, cooperative and comprehensive relationship in the 21st century.     The two leaders also reached extensive consensus on the establishment of the mechanism of China-U.S. Strategic and Economic Dialogues, joint efforts to tackle the international financial crisis, and enhanced coordination and cooperation on major global and regional issues, Hu said.     "Now, both countries are seriously implementing the consensus," the Chinese president said.     "China is willing to work with the United States to push for a healthy and stable development of China-U.S. relations," he said.     Obama, for his part, said the meeting with Hu was important because it outlined the future development of bilateral cooperation and made a good start on the China-U.S. strategic dialogue.     The United States appreciated China's efforts to promote bilateral relations, he said.     The Chinese president expressed sincere condolences over the A/H1N1 flu epidemic that has hit parts of the United States, and said the Chinese government has started emergency measures to prevent a spread of the disease.     "We are willing to keep contact with the World Health Organization, the United States and other parties concerned, and strengthen cooperation to jointly confront this public health challenge," Hu said.     Obama said his country has adopted effective measures against the disease and will continue to keep a close eye on the outbreak.     The U.S. president said he was looking forward to meeting with Hu again during a meeting of leaders of the Group of Eight nations and developing countries in Italy. Obama said he was also looking forward to visiting China.     The two leaders also exchanged views on such issues as the situation on the Korean Peninsula and the situation in South Asia.

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