News » China » Premier Wen meets Chinese-American physicist

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• Premier Wen meets Chinese-American physicist
• China says U.S. directive on Confucius Institutes "may harm friendship"
• China to increase supervision over health food producers
• China 'in consultation' with US on Confucius Institutes
• Report stresses importance of business' human side
• Azerbaijani embassy holds reception marking ties
• 482 suspects seized in transnational telecom scam
• 19 punished for deadly mine accident
• Xi'an to host Silk Road film festival
• China retrieves 100,000 antiques through auctions
• China says no anti-foreigner trend
• Bridge collapse workers punished
• Housing prices expected to drop in 2012
• China urges the Philippines to cease all provocations
• Nigeria releases around 70 Chinese, FM spokesman says
• Heavy rains persist in south China
• 482 suspects seized in transnational telecom fraud
• Taiwan's Hello Kitty to fly cross-strait flights
• 70 Chinese traders in Nigeria released
• Housing prices expected to drop in 2012

Premier Wen meets Chinese-American physicist Posted: 24 May 2012 10:49 AM PDT Chinese Premier Wen Jiabao on Thursday met with Chinese-American physicist Daniel Chee Tsui, and the two held cordial talks.

China says U.S. directive on Confucius Institutes "may harm friendship" Posted: 24 May 2012 10:45 AM PDT An official with the headquarters of China's Confucius Institute on Thursday said a U.S. government directive asking the institute's Chinese teachers on American campuses to leave may harm the Sino-U.S. friendship.

China to increase supervision over health food producers Posted: 24 May 2012 10:39 AM PDT China will launch a campaign to check health food producers over food safety concerns, the State Food and Drug Administration (SFDA) said Wednesday on its website.

China 'in consultation' with US on Confucius Institutes Posted: 24 May 2012 05:35 AM PDT China is "in consultation" with the United States on a visa issue affecting the Mandarin-teaching Confucius Institutes, Chinese Foreign Ministry spokesman Hong Lei said Thursday.

Report stresses importance of business' human side Posted: 24 May 2012 07:07 AM PDT Updated: 2012-05-24 21:58 By Chen Qide ( chinadaily.com.cn) The Chartered Institute of Management Accountants, a professional organization, issued the Chinese edition of a report named "Rebooting Business: Valuing the Human Dimension" in Shanghai on Wednesday in an attempt at improving the management of local companies. The report said intangible assets and non-financial value have accounted for 80 percent of firms' value in the 21st century, becoming the greatest source of returns for the top 500 companies in the world. "That's to say that enterprises can't ignore the importance and impetus of non-financial value in achieving this long-term success," said Hu Ruyin, director of the Shanghai Stock Exchange's capital market institute. Businesses face difficulties in their attempts to measure non-financial value. Those include chief executive officers' pursuit of short-term returns instead of goals that will help to ensure a business develops, he said at a recent forum. Charles Tilley, chief executive officer of the Chartered Institute of Management Accountants, said businesses find it difficult to plan for the long term both because investors mainly want short-term returns and because the market system places too great an emphasis on financial reporting. At the forum, Tilley spoke to a group of CEOs, managing directors, chief financial officers and human resources director about a survey conducted by the institute and the American Institute of Certified Public Accountants. It sampled opinions from 280 CEOs hailing from more than 21 countries, asking how they viewed current global difficulties and what the priorities should be in any attempts to deal with them. The survey was followed by interviews with 17 CEOs, chairmen and other business leaders who together oversee more than 2.1 million jobs and a market capitalization of $1 trillion. He said three out of every four of the people surveyed said they think it's important to look beyond financial performance. Their overwhelming response was that the human side of business — for example, customer and supplier relationships, talent development and intellectual capital — is becoming increasingly important. "The need to measure and manage the human dimension, although difficult, will never be greater if companies are to achieve long-term sustainable success,'' he said.

Azerbaijani embassy holds reception marking ties Posted: 24 May 2012 07:07 AM PDT Updated: 2012-05-24 21:57 By Ma Chao ( chinadaily.com.cn) The Azerbaijani embassy in China held a reception on May 24 in Beijing to observe the 20th anniversary of the establishment of diplomatic relations between the two countries. At the reception, Latif Gandilov, Azerbaijani ambassador to China, spoke highly of the countries' relations with each other and thanked China for the help it has given Azerbaijan. Frequent official visits, increasing trade and increasing cooperative projects were cited as evidence that those ties have become stronger, he said. Wen Yongmeng, vice-minister of transport, attended and addressed the reception. The Chinese government officially recognized the independence of the Republic of Azerbaijan on Dec 27, 1991. In April 1992, the two countries signed a communique in Baku, the capital of Azerbaijan, establishing diplomatic relationship between them.

482 suspects seized in transnational telecom scam Posted: 24 May 2012 07:07 AM PDT Updated: 2012-05-24 21:54 ( Xinhua) People suspected of being involved in a major transnational telecom scam are transferred to Wuxi,Jiangsu province, May 24, 2012. [Photo/Xinhua] BEIJING - A total of 482 people suspected of being involved in a major transnational telecom scam were seized by law enforcement officials from the Chinese mainland and Taiwan on Wednesday with the help of police in six countries. Of the suspects, 177 are from the Chinese mainland and 286 are from Taiwan, the Ministry of Public Security said Thursday. The other 19 suspects are from Thailand and Myanmar. They are suspected of having stolen more than 73 million yuan ($11.5 million) in 510 cases of telecom fraud, all of which occurred in the Chinese mainland, the ministry said. These suspects spread throughout the Chinese mainland and Taiwan, as well as six other countries -- Thailand, Malaysia, Indonesia, Cambodia, Sri Lanka and Fiji -- and established money-laundering dens in Taiwan and Thailand, it said. One-hundred-twenty-six Chinese suspects were escorted from Thailand and Malaysia to Beijing on Thursday. The ministry launched the investigation in November 2011, and invited police from Taiwan to work out effective solutions. Early this May, the ministry sent six groups composed of 70 Chinese police officers to the six countries to further investigate. The group was busted on Wednesday with the help of law enforcement agencies in those six countries, the ministry said. The ministry said it regards the coordinated crackdown on the telecom scam as a new paradigm of international police cooperation, adding that China's law enforcement departments are always confident in, and capable of, safeguarding the security of people's property.

19 punished for deadly mine accident Posted: 24 May 2012 07:07 AM PDT Updated: 2012-05-24 21:31 ( chinadaily.com.cn) Nineteen officials, including the mayor and vice-mayor of Dengta, a city in Liaoning province, were punished for a deadly coal mine accident, Liaoning Daily reported on Thursday. Li Jingda, mayor of Dengta city, and Zhang Hongwei, vice-mayor of the city, are both subject to removal from their posts by provincial disciplinary authorities. Seven people found to be responsible for the accident have been detained and will possibly face criminal charges. On Tuesday, a blast occurred at the Dahuang No 2 Coal Mine in Liaoyang, a city in Liaoning province, killing 22 miners and causing more than 19 million yuan ($3 million) in losses.

Xi'an to host Silk Road film festival Posted: 24 May 2012 07:07 AM PDT Updated: 2012-05-24 21:31 By Lu Hongyan and Ma Lie ( chinadaily.com.cn) A weeklong international film festival about folk and custom along the ancient Silk Road will be held from May 24 to 30 in Xi'an, capital of Shaanxi province and the starting point of the ancient Silk Road. Organized by the National Tourism Administration, the Chinese People's Association for Friendship with Foreign Countries and Shaanxi government, about 20 films made by Italy, Russia and India will be displayed to show the charm of the Silk Road from a variety of perspectives. There will be a number of activities relating to film and TV exchanges, including screenplay trading and an introduction to overseas film rights. The ancient Silk Road started from Chang'an (now Xi'an), capital of the Western Han Dynasty (206 BC – 24 AD). It was a cultural exchange and trading road from ancient China to the Roman Empire, with a total length of more than 7,000 miles. Contact the writers at luhongyan@chinadaily.com.cn and malie@chinadaily.com.cn

China retrieves 100,000 antiques through auctions Posted: 24 May 2012 04:52 AM PDT Over the past 20 years, more than 100,000 antique items originally held in China have returned to the country after being bought at auction, Zhang Yanhua, chief of China Association of Auctioneers, said Thursday.

China says no anti-foreigner trend Posted: 24 May 2012 04:52 AM PDT Foreign Ministry spokesman Hong Lei on Thursday said there was no "anti-foreigner trend" in China.

Bridge collapse workers punished Posted: 24 May 2012 04:14 AM PDT Three organizations and 16 people who were responsible for the collapse of the Lianshui river bridge on March 12 in Loudi city, in Central China's Hunan province, have received severe punishment, Xiaoxiang Morning Post reported on Thursday.

Housing prices expected to drop in 2012 Posted: 24 May 2012 04:13 AM PDT Housing prices are expected to drop slightly this year, according to a real estate industry report released by a government think tank on Thursday.

China urges the Philippines to cease all provocations Posted: 24 May 2012 03:29 AM PDT China on Thursday again urged the Philippines to cease all provocative activities, and show its sincerity in conducting serious diplomatic dialogues with China.

Nigeria releases around 70 Chinese, FM spokesman says Posted: 24 May 2012 03:28 AM PDT Chinese Foreign Ministry spokesman Hong Lei confirmed Thursday that around 70 Chinese citizens who were arrested by Nigeria's immigration authority have been released.

Heavy rains persist in south China Posted: 24 May 2012 03:28 AM PDT China's meteorological authorities on Thursday forecast continued rain in the country's southern regions and areas south of the Yangtze River.

482 suspects seized in transnational telecom fraud Posted: 24 May 2012 03:11 AM PDT A total of 482 people suspected of being involved in a major transnational telecom scam were seized by law enforcement officers from the Chinese mainland and Taiwan on Wednesday with the help of police in six foreign countries.

Taiwan's Hello Kitty to fly cross-strait flights Posted: 24 May 2012 01:33 AM PDT Taiwanese airline company EVA Air has transformed two of its Airbus A330-300 airplanes into airborne tributes to Japanese icon Hello Kitty. On May 23, a Hello Kitty painting machine of Taiwan's EVA Air completed its maiden voyage to Shanghai Hongqiao Airport.

70 Chinese traders in Nigeria released Posted: 24 May 2012 02:33 AM PDT 70 Chinese traders arrested by the Nigerian immigration office in a national crackdown on "illegal" activities by immigrants were released, the Chinese Foreign Ministry said at a routine press conference on May 24.

Housing prices expected to drop in 2012 Posted: 24 May 2012 02:24 AM PDT Housing prices are expected to drop slightly this year, according to a real estate industry report released by a government think tank on Thursday.