News » China » Chinese premier pledges to step up cooperation with Cambodia

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• Chinese premier pledges to step up cooperation with Cambodia
• World leaders, parties, organizations congratulate Xi on election as CPC chief (Part II)
• World leaders, parties, organizations congratulate Xi on election as CPC chief (Part I)
• Newly amended CPC Constitution conducive to tackling risks: spokesman
• Xi Jinping urges to develop socialism with Chinese characteristics
• Feature: A Russian engineer and his Chinese "iron son"
• Heavy fog leaves 20 flights delayed or diverted in Xinjiang
• 5 street children found dead in dumpster in SW China
• Full text of Hu's report at 18th Party Congress
• Pamphlet of revised CPC Constitution published
• China's home appliance sales pick up
• Plight of rare earths industry persists
• 'Served by China' targets 'Made in China'
• China's home appliance sales pick up
• Shanghai orchestra inks deal with NY counterpart
• Chinese premier leaves for East Asian leaders meetings
• Int'l Confucian knowledge competition ends in E China
• Yuan exchange rate at balanced level: economist
• Death toll rises to 9 in SW China pile-up
• More Chinese cities see home prices rise

Chinese premier pledges to step up cooperation with Cambodia Posted: 18 Nov 2012 09:14 AM PST Chinese Premier Wen Jiabao said on Sunday China is willing to step up its friendly cooperation with Cambodia, and promote bilateral ties to new levels.

World leaders, parties, organizations congratulate Xi on election as CPC chief (Part II) Posted: 18 Nov 2012 09:10 AM PST Chairperson of the Zimbabwe African National Union-Patriotic Front (Zanu-PF) Simon Khaya Moyo said his party has noted that China has remained guided by the great banner of socialism with Chinese characteristics, with which the results are evident all over the world.

World leaders, parties, organizations congratulate Xi on election as CPC chief (Part I) Posted: 18 Nov 2012 09:08 AM PST Congratulations have continued to flow in from countries, political parties and organizations across the world to Xi Jinping on his election as general secretary of the Communist Party of China (CPC) Central Committee.

Newly amended CPC Constitution conducive to tackling risks: spokesman Posted: 18 Nov 2012 08:05 AM PST The amendment to the Constitution of the Communist Party of China (CPC) will help the CPC better cope with risks it faces, a spokesman with the secretariat of the 18th CPC National Congress said on Sunday.

Xi Jinping urges to develop socialism with Chinese characteristics Posted: 18 Nov 2012 08:03 AM PST Members of the Political Bureau of the Communist Party of China (CPC) Central Committee gathered on Saturday to study and exchange opinions on the spirit of the 18th CPC National Congress which concluded on Nov. 14.

Feature: A Russian engineer and his Chinese "iron son" Posted: 18 Nov 2012 04:37 AM PST In a black-and-white picture, Russian engineer Konstantin Silin smiles along his colleagues with a grand bridge stretching out behind.

Heavy fog leaves 20 flights delayed or diverted in Xinjiang Posted: 18 Nov 2012 04:29 AM PST Heavy fog in Urumqi, capital of northwest China's Xinjiang Uygur Autonomous Region on Sunday morning has left 20 flights delayed at its airport or diverted to other airports.

5 street children found dead in dumpster in SW China Posted: 18 Nov 2012 01:30 AM PST BEIJING - Five street children were found dead in a dumpster on Friday in Southwest China's Guizhou province, media reports said Sunday. The bodies of the five children, all boys around 10 years old, were found by a trash collector in a dumpster along Huandong Road in Qixingguan district, Bijie city, on Friday morning, according to the Beijing News. The report said police have ruled out the possibility of murder. The boys were suspected to have suffocated as they tried to sleep in the dumpster to survive the cold night. According to photos uploaded by netizens, the dumpster is about 1.5 meters long, 1.3 meters wide, and the lid could be airtight. Further investigation is underway. Bijie is a mountainous city located in northwest Guizhou, 200 km away from the provincial capital of Guiyang. It drizzled Friday night and the low temperature hit six degrees Celsius, according to the local weather report.

Full text of Hu's report at 18th Party Congress Posted: 18 Nov 2012 01:30 AM PST Hu Jintao, general secretary of the Central Committee of the Communist Party of China (CPC) and Chinese president, delivers a keynote report during the opening ceremony of the 18th CPC National Congress at the Great Hall of the People in Beijing, capital of China, Nov 8, 2012. [Photo/Xinhua] I. Our Work in the Past Five Years and the Basic Experience We Have Gained in the Past Ten Years II. Achieving New Victory for Socialism with Chinese Characteristics III. The Goal of Completing the Building of a Moderately Prosperous Society in All Respects and Deepening Reform and Opening Up in an All-Around Way IV. Accelerating the Improvement of the Socialist Market Economy and the Change of the Growth Model V. Keeping to the Socialist Path of Making Political Advance with Chinese Characteristics and Promoting Reform of the Political Structure VI. Developing a Strong Socialist Culture in China VII. Strengthening Social Development by Improving the People's Wellbeing and Making Innovations in Management VIII. Making Great Efforts to Promote Ecological Progress IX. Accelerating the Modernization of National Defense and the Armed Forces X. Enriching the Practice of "One Country, Two Systems" and Advancing China's Reunification XI. Continuing to Promote the Noble Cause of Peace and Development of Mankind XII. Making Party Building More Scientific in All Respects BEIJING - The following is the full text of Hu Jintao's report delivered at the 18th National Congress of the Communist Party of China (CPC) on Nov 8, 2012: FIRMLY MARCH ON THE PATH OF SOCIALISM WITH CHINESE CHARACTERISTICS AND STRIVE TO COMPLETE THE BUILDING OF A MODERATELY PROSPEROUS SOCIETY IN ALL RESPECTS Report to the Eighteenth National Congress of the Communist Party of China on Nov 8, 2012 Hu Jintao Comrades, I now wish to deliver the following report to the Eighteenth National Congress of the Communist Party of China on behalf of the Seventeenth Party Central Committee. The Eighteenth National Congress is one of great importance being held when China has entered the decisive stage of completing the building of a moderately prosperous society in all respects. The underlying theme of the congress is to hold high the great banner of socialism with Chinese characteristics, follow the guidance of Deng Xiaoping Theory, the important thought of Three Represents and the Scientific Outlook on Development, free up the mind, implement the policy of reform and opening up, pool our strength, overcome all difficulties, firmly march on the path of socialism with Chinese characteristics, and strive to complete the building of a moderately prosperous society in all respects. At this moment when I address you, we are convinced that thanks to over 90 years of hard struggle, our Party has rallied and led the people of all ethnic groups of the country in turning the poor and backward old China into an increasingly prosperous and powerful new China and opening up bright prospects for the great renewal of the Chinese nation. We are all the more proud of the historic achievements of the Party and the people, we are all the more firm in the ideal and conviction of the Party and the people, and we are all the more aware of the historic responsibility of the Party. At present, as the global, national and our Party's conditions continue to undergo profound changes, we are faced with unprecedented opportunities for development as well as risks and challenges unknown before. The whole Party must keep in mind the trust the people have placed in us and the great expectation they have of us. We must aim higher and work harder and continue to pursue development in a scientific way, promote social harmony, and improve the people's lives so as to complete the glorious and arduous tasks bestowed on us by the times.

Pamphlet of revised CPC Constitution published Posted: 18 Nov 2012 01:30 AM PST BEIJING - The pamphlet edition of the revised Constitution of the Communist Party of China (CPC), adopted on Wednesday at the 18th CPC National Congress, has been published. The document was published by the People's Publishing House, according to a statement released by the publisher on Sunday. The pamphlets are available at Xinhua Bookstore outlets nationwide.

China's home appliance sales pick up Posted: 18 Nov 2012 01:30 AM PST BEIJING - Buoyed by government subsidies on energy-saving products and favorable policies for rural consumers, China saw home appliance sales pick up in September after a months-long slump, according to the latest data. Sales of washing machines, air conditioners and refrigerators increased by 6.5 percent, 0.5 percent and 22 percent, respectively, year on year in September, according to data from the research center of Shanghai Securities News. A total of 5.6 million units of washing machines were sold in September, marking a seven-year high over the corresponding period and bringing total sales in the January-September period to 41.14 million units, data show. Meanwhile, domestic consumers purchased 3.65 million units of washing machines, representing a 1.4-percent increase year on year, while exports expanded 18 percent to 1.98 million units, according to the data. The September figures marked the first time that sales of air conditioners have expanded in the past seven months, while the surge in sales of refrigerators in the month trumped market expectations, the center said. The pick-up came as rural consumers kicked off a buying spree ahead of the end of the rural subsidy program, which gives them subsidies equal to 13 percent of the price of designated types of home appliances, the center said. The program will end at the end of this year. Sales were also boosted after the government announced in May that it would earmark 26.5 billion yuan ($4.21 billion) to subsidize the purchases of energy-saving electrical appliances for a one-year period, a program designed to cover a wider population, it added. Since the rural subsidy program was launched in December 2007, the government has subsidized 283 million units of home appliances worth 681.1 billion yuan as of October, according to official data.

Plight of rare earths industry persists Posted: 18 Nov 2012 01:30 AM PST BEIJING - Su Guixiang used to repair rare earth smelting machines to keep them rumbling, but now that the machines have been idle for over a year, he just wipes off the dust collecting on them and keeps them from rusting. Su's company, Longnan Wanbao Rare Earths Co, halted production last October and has remained shuttered ever since due to the strained rare earths ore supply, a sluggish global market and stricter emissions standards. Su never expected that the suspension would continue well into 2012 and erode his earnings. "I used to be a high earner in the county, with over 3,000 yuan ($476.2) a month, but after production was halted, my salary was halved and I can barely make ends meet," he said. However, Su still considers himself lucky, as other workers have been laid off and are living on a 600 yuan per month base salary. "In the peak period, there were over 200 workers in the company, but now only ten of us are left for facility maintenance," he said. Similar situations have plagued dozens of other rare earths companies in the county in East China's Jiangxi province, where reserves of valuable ionic rare earths abound and the rare earths industry makes up more than 40 percent of local fiscal revenue. "The situation is worse than in 2008," when the global downturn dented demand and squeezed rare earths companies' profit margins, said Li Zhuxing, chief of Longnan's rare earths industry management bureau. "This time we are talking about an industry-wide production halt as global demand wanes amid the lingering Eurozone debt crisis and sluggish growth in the United States," Li said. According to the most recent statistics available, tax revenue paid by the county's rare earths companies plunged 65 percent year on year in the first seven months of this year. Guo Chunrong, vice-general manager of Ganzhou Huajing Rare-earths New Material Company, expects the industry to continue to dwindle in 2013. The sector experienced a roller coaster ride in 2011, with the prices of some rare earths products soaring in June to a level six times higher than earlier in the year, partly as a result of the government strengthening controls on toxic mining and processing by consolidating the rare earths industry. However, prices of the 17 minerals widely used in high-tech commodities such as smartphones and hybrid car batteries have tumbled from their dizzying heights since a speculative bubble burst last year. Neodymium oxide, used to produce magnet materials, rocketed 12-fold from 118,000 yuan per ton, the lowest level in 2010, to a peak of over 1.48 million yuan per ton in July 2011. It has slid to 385,000 yuan per ton in recent months. The price drop has also been also attributed to softening demand amid sluggish global growth and new rare earths production coming online. Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co, China's largest rare earths producer, has asked its subsidiaries to halt production for a month in an effort to turn falling prices around. The decision came one day after a financial report showed that the company's net profit plunged 89.6 percent from one year earlier in the third quarter. Nationwide, increasing numbers of companies are following suit. Such moves have helped to lift prices of major rare earths products by as much as 20 percent from their lowest levels this month, according to baiinfo.com, a domestic industry information provider. However, analysts doubt whether the effect will last, as new output from the US Molycorp and Australia's Lynas Corp. may pressure prices, especially those of light rare earths, which are not as scarce and strategically-important as heavy rare earths. To support the sector, Li Zhuxing said the government must unveil more measures to stimulate domestic downstream application industries in order to offset falling export orders. Gong Bin, president of Ganzhou Qiandong Rare Earth Group Co, hopes the government will intensify its crackdown on illegal mining and smuggling, issues he said have exacerbated the already troubling situation. According to statistics from 2011, the amount of rare earths smuggled out of China was 1.2 times the amount of rare earths legally exported, said Ma Rongzhang, secretary general of the Association of China Rare Earth Industry. This means that nearly 22,320 tons of rare earths were smuggled out of China last year.

'Served by China' targets 'Made in China' Posted: 18 Nov 2012 01:30 AM PST BEIJING - As China catches heat for amassing a huge foreign trade surplus by allegedly "manipulating its currency," the country is dealing with widened losses in its service trade with foreign countries. China's foreign trade deficit for services increased 75.5 percent in the first three quarters of 2012 to reach $70.2 billion, according to data from the State Administration of Foreign Exchange. At this rate, the deficit is expected to top $100 billion for the full year. The service trade mainly includes tourism, transportation, finance and intellectual property products. "Made in China" can be seen in every corner of the globe and has largely become a symbol of the country as the so-called "world's workshop," but "Served by China" has lagged behind as the country's service exports remain weak. "The imbalanced situation won't change in the near future," Wang Jun, a senior expert with China Center for International Economic Exchanges, told Caijing Magazine. China's service trade of tourism, transportation, insurance, patents and franchises reported major losses in the first three quarters. Outbound trips made by Chinese tourists, which are considered tourism imports, will hit 82 million this year, up 16.7 percent year on year, according to a report by the China Tourism Academy. However, inbound trips are expected to fall 2.2 percent to 132 million this year, partly due to a faltering global economy, the report said. The academy forecast that China will likely see a tourism trade deficit of more than $40 billion in 2012. Liu Feng, an expert with the Development Research Center of the State Council, said that apart from the substantial amount of Chinese going abroad, the huge consumption appetite of Chinese tourists abroad has added to China's tourism deficit. Services closely linked to the manufacturing sector also had a hard time this year due to the contracted world economy. China's transportation service exports saw a deficit of up to $34.8 billion in the first three quarters, and the insurance sector lost $12.9 billion in foreign trade. Despite the sluggish global economy, China's foreign trade volume of goods remains one of the world's largest, creating great opportunities for the country's productivity service providers. Chinese enterprises with weak global competitiveness, however, did not seize this opportunity and let orders go to their foreign counterparts, Long Guoqiang, another expert with the center, told Caijing Magazine. Along with traditional services like tourism, transportation and insurance, foreign trade in "emerging services," including patents, franchises, movies and other video products, widened the deficit for China. China spent $12.9 billion in obtaining patents and franchises in the first three quarters, and it spent $2.5 billion importing ads, movies, audio and video products. China is likely to import more emerging services in the coming years, according to Liu Yuhui, chief economist with Huatai Securities. By contrast, the US sold $52.8 billion worth of services in August, marking a record high. Liu Xuede, vice-president of China International Freight Forwarders Association, suggested that Chinese enterprises should invest directly in overseas ports, airports and logistics facilities. International transportation relies on these infrastructures, Liu told Caijing Magazine. The Ministry of Commerce is mulling a guideline to help leading logistics enterprises track opportunities overseas. Chinese enterprises invested $42.2 billion in non-financial sectors in foreign countries during the January-July period this year, with 56.8 percent of the capital put into the commercial service sector. Besides traditional services, China is trying to improve emerging services, which industry insiders believe are key to reversing the country's deficit-laden service trade. China's trade volume of emerging services, including advisory services, communication services and IT services increased rapidly in 2011, up 24, 26 and 30 percent, respectively, year on year. Service outsourcing has been developing most rapidly in 2012. Chinese enterprises took service outsourcing orders of $30.8 billion in the first three quarters, said Li Rongcan, assistant to Commerce Minister Chen Deming. Service outsourcing has become the major advantage and engine for China's service exports in the first three quarters, said Mei Xinyu, a foreign trade expert at the Ministry of Commerce.

China's home appliance sales pick up Posted: 18 Nov 2012 12:14 AM PST Buoyed by government subsidies on energy-saving products and favorable policies for rural consumers, China saw home appliance sales pick up in September after a months-long slump, according to the latest data.

Shanghai orchestra inks deal with NY counterpart Posted: 17 Nov 2012 10:19 PM PST The Shanghai Symphony Orchestra and New York Philharmonic announced they have entered into a four-year partnership that includes the establishment of an Orchestral Academy in Shanghai.

Chinese premier leaves for East Asian leaders meetings Posted: 17 Nov 2012 07:24 PM PST BEIJING, Nov. 18 (Xinhua) -- Chinese Premier Wen Jiabao left Beijing Sunday morning for Cambodia to attend a series of meetings among East Asian leaders held in Phnom Penh from Nov.

Int'l Confucian knowledge competition ends in E China Posted: 17 Nov 2012 08:21 PM PST The first international knowledge competition for Lunyu, or the Analects of Confucius, ended Saturday in east China's Shandong Province.

Yuan exchange rate at balanced level: economist Posted: 17 Nov 2012 07:39 PM PST The exchange rate of Chinese currency Yuan, or RMB, against the U.S. dollar has reached a balanced level, a celebrated economist said on Saturday.

Death toll rises to 9 in SW China pile-up Posted: 17 Nov 2012 07:39 PM PST The death toll from pile-ups on Saturday morning in Southwest China has risen to nine from the previously reported six, local traffic police said.

More Chinese cities see home prices rise Posted: 17 Nov 2012 07:39 PM PST More Chinese cities saw home prices rise in October from September despite the government's dogged efforts to curb property prices, data from the National Bureau of Statistics (NBS) showed Sunday.

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