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HONG KONG, July 6 (Xinhua) -- Chinese Vice President Xi Jinping said here Sunday he is glad to see that the Olympic spirit has won common acknowledgment among the general public in Hong Kong.     He made the remarks when meeting with delegates of Hong Kong athletes and volunteers set to participate or serve in the Beijing Olympics and Paralympics.     "I am very glad to see that you are all in such a good mood and so energetic. This is the spirit we need to stage a high-level Olympic Games with distinctive features," Xi told the delegates. Chinese Vice President Xi Jinping (C Front) meets with athletes of the Hong Kong team for the 2008 Beijing Olympics and Paralympics, and representatives of volunteers in Hong Kong, south China, July 6, 2008    Hong Kong athletes have a glorious tradition and produced many world gold medalists for China, Xi said, citing former table tennis player Rong Guotuan and former swimmer Qi Lieyun as examples.     Xi said volunteers devote their love to and promote harmony in the society, which incarnates the Olympic spirit, noting that 15,000 people have signed up to be the equestrian events volunteers in Hong Kong while more than 400 Hong Kong volunteers will work in Beijing during the Olympic Games.     "The Olympic Games is a grand event not only for the athletes, but also for the volunteers. The most important thing is to participate," Xi said.     Xi encouraged Hong Kong athletes to make full preparations for the Beijing Olympics and the Paralympics to demonstrate their best athletic skills and sportsmanship.     Xi arrived in Hong Kong Sunday morning on a three-day visit.     He met with Chief Executive of the Hong Kong Special Administrative Region (HKSAR) Donald Tsang Yam-kuen Sunday morning.     In the afternoon, Xi inspected the equestrian events venues for the 2008 Beijing Olympics and Paralympics to get firsthand information about Hong Kong's preparations for the Games.Chinese Vice President Xi Jinping (R) meets with athletes of the Hong Kong team for the 2008 Beijing Olympics and Paralympics, and representatives of volunteers in Hong Kong, south China, July 6, 2008

BEIJING, Aug. 15 (Xinhua) -- China's securities supervisor said on Friday that the heavy slump on the country's equities market was caused by a combination of factors, both domestic and foreign.     These included a need for internal correction, increasing uncertainties on the global markets and frequent natural disasters, China Securities Regulatory Commission (CSRC) spokesman said at a press conference.     The unsound mechanism and structure of the country's equities market worsened the situation and widened the range of the correction, he said.     The benchmark Shanghai Composite Index edged up 0.56 percent to 2,450.61 points on Friday, closing out the week slightly higher after five days of losses. The key index has tumbled nearly 60 percent from its peak in October.     However, the trend of a steady and healthy performance would remain unchanged, he said, as the country's economy maintained steady and fast growth.     CSRC would study the emerging problems, promote the improvement of basic systems and optimize the structure of fund raising, he said.     CSRC would also adjust new share supply in line with market demand, enhancing the market mechanism in regulation.     The commission has slowed new share issues this year in an effort to brake the steep index declines as any mention of new share offering would cause a sharp plunge in the index.     From January to July, CSRC only approved the new offering (at least 100 million shares) of four companies, which raised a combined 64.32 billion yuan (9.38 billion U.S. dollars). Both the frequency and amount decreased, by 64 percent and 49 percent respectively, compared with the same 2007 period.     The commission would join with the State-owned Assets Supervision and Administration Commission to set up a real-time monitoring system to supervise transfer of the state-owned shares.

BEIJING, Oct. 11 (Xinhua) -- China's Ministry of Agriculture (MOA) on Saturday said it expects an increase in grain output for the fifth consecutive year.     The country has harvested nearly 80 percent of its autumn crops and expects 2008 to be a bumper year, the ministry stated.     The State Grain Information Center earlier estimated that this year's grain output would reach 511.5 million tons, up 10 million tons from 2007. Farmers reap paddy rice in the field in Jiangzhuang village, Donghai county, east China's Jiangsu Province, Oct. 11, 2008. Large parts of China have witnessed crop harvest in this golden autumn.Higher grain production happened in spite of natural disasters and troubled domestic and international economic environments, the MOA noted.     The output increase was attributed to government subsidies, pest control and more advance agricultural techniques, the ministry said.     The central government allocated 102.86 billion yuan (15.1 billion U.S. dollars) in agriculture subsidies this year, doubling the money from 2007. Farmers reap paddy rice in the field in Jiangzhuang village, Donghai county, east China's Jiangsu Province, Oct. 11, 2008. Large parts of China have witnessed crop harvest in this golden autumn

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BEIJING, June 27 (Xinhua) -- China awarded 50 youngsters Friday evening for their bravery in the rescue after the May 12 earthquake that jolted the southwestern Sichuan Province.     Li Changchun, member of the Political Bureau Standing Committee of the Communist Party of China (CPC) Central Committee, attended the ceremony and conferred awards to the young ethic models chosen by more than 50 million votes via telephone calls, fax and E-mails since the nationwide selection campaign was launched on June 6. Li Changchun, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, poses with honored youngsters in Beijing, capital of China, June 27, 2008. Li Changchun attended a party for honored heroical youngsters in the quake areas in Beijing on Friday.Lin Hao, a 9-year-old boy in Yingxiu Township, Wenchuan County who pulled out two classmates from the rubble, and other 19 students were awarded the honor of "heroic children" in quake rescue and relief, while the other 30 were titled "exemplary children".     At the ceremony, Li Changchun said the heroic and touching deeds of these children have provided "vivid" models for ethic education and values shaping in the country. Li Changchun, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, hugs Lin Hao, a 9-year-old honored boy from the quake areas in Beijing, capital of China, June 27, 2008. Li Changchun attended a party for honored heroical youngsters in the quake areas in Beijing on Friday    As part of the award, four senior high school graduates were enrolled by higher learning institutions without taking entrance examinations, including the prestigious Beijing University and Qinghua University.     The Ministry of Education publicized a circular on Friday to schools nationwide, calling on all students to learn from the 50 models.

XIANYANG, Shaanxi, Oct. 5 (Xinhua) -- President Hu Jintao has written to the Tibet Nationalities Institute (TNI) to celebrate its 50th founding anniversary, which was the first institution of higher learning for ethnic Tibetans set up by the Central Government outside Tibet Autonomous Region.     Hu, also general secretary of the Communist Party of China (CPC) Central Committee, hailed the institute's "important contribution to the economic development and social progress" of Tibet, which has turned a great number of ethnic Tibetans into high-quality cadres and specialists.     Hu expressed the hope that the TNI would continuously improve its managerial level in teaching, play a better role as the training base for Tibetan cadres, and make greater contributions to improving the life of people of different ethnic groups in Tibet and promoting stability and unity in the region.     A ceremony was held on Sunday at the TNI in Xianyang City, Shaanxi Province, northwest China. Raidi, former vice-chairman of the Standing Committee of the National People's Congress, who is an ethnic Tibetan and a former leader of Tibet Autonomous Region, attended the celebration.

BEIJING, June 22 (Xinhua) -- Shang Fulin, chairman of the China Securities Regulatory Commission (CSRC), on Sunday vowed to deepen reform and boost regulation to promote a stable and healthy development of the capital market.     The CSRC would rationally balance the market supply and demand, and regulate the pace of fund-raising, Shang told an interior meeting in Beijing.     The stock regulator would encourage and steer funds into the market for long-term investment and gradually improve the inner market stabilizing mechanism.     China's benchmark Shanghai Composite Index have fallen 54 percent from its all time high in mid October 2007. The steep decline came amid fears that the tightening measures would erode corporate profits and the equities supply would overwhelm demand.     Analysts said the regulator has been delaying approvals of initial public offerings over the past couple of months to stabilize market that was hard-hit by weak investor sentiment.     Shang noted the CSRC would boost cooperation with the prosecutors on crackdown on market manipulation, irregular information disclosure, and false information and rumors distributed to manipulate stock prices. Shang Fulin, chairman of the China Securities Regulatory Commission (CSRC)(    It would also cooperate with other financial regulators to closely watch the impacts of the domestic and overseas economic operation and the global financial market on the domestic capital market.     Shang said that during the process of market correction, some people deliberately spread rumors that disrupted market orders and increased volatility.

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BEIJING, April 13 (Xinhua) -- Chinese companies will no longer need the central bank's approval when issuing short-term bonds on the inter-bank market amidst government efforts to boost direct financing and reduce bank loan risks.     The People's Bank of China (PBOC) announced non-financial companies could issue bonds with maturities of less than one year on the inter-bank market without its approval from April 15.     Instead, they would only need to register at the National Association of Financial Market Institutional Investors set up in September, the PBOC said in a statement issued late on Saturday.     It said other negotiable notes "with a certain maturity" issued by non-financial companies on the inter-bank bond market wouldn't need administrative examination and approval, either. Nor would future innovative financing tools on the market.     China has vowed to develop its capital market and broaden direct financing channels to curb enterprises' heavy reliance on bank credit.     "China's financial structure has long been unbalanced, with its direct financing underdeveloped," said the statement. "Enterprises rely on bank loans too much, bringing them fairly large hidden risks."     To boost innovation in debt offering and raise the share of direct financing could mobilize the transfer of deposits to investment and decrease credit risks of the banking system, it said.     China allowed companies to offer short-term bonds to qualified institutional investors on the inter-bank market in May 2005.     From then to the end of 2007, 316 companies issued 769.3 billion yuan (about 109.9 billion U.S. dollars) of short-term bonds, with 320.3 billion yuan of outstanding debts, statistics showed.     In comparison, short-term loans to non-financial companies and other institutions surged 1.25 trillion yuan in 2007, while middle- and long-term loans jumped 1.65 trillion yuan.

BEIJING, Sept. 29 (Xinhua) -- Chinese Premier Wen Jiabao has vowed to provide foreign experts serving China with better working and living conditions.     Wen made the remark in meeting with 50 chosen foreign specialists and their families at the Great Hall of People here on Monday, in which he issued the experts Friendship Award of the year on behalf of the Chinese government. Chinese Premier Wen Jiabao (L. Front) shakes hands with a foreign expert at the Great Hall of the People in Beijing, China, on Sept. 29, 2008. The Chinese Premier met with foreign experts who are honored with the Prize of Friendship and their families here on Monday.China had successfully hosted the Beijing Olympic Games, finished its third manned space mission and kept a positive trend in economic growth after overcoming the severe snow and quake disasters, Wen said.     All the successes and achievements had come about because of the collective efforts of Chinese people as well as the support and concern of foreign experts and friends, he added.     The premier told the award-winning experts that China would continue the policy of reform and opening up which had been proven to be the correct way of leading the country to prosperity, and which enjoyed its 30th anniversary this year.     Wen said governments at all levels would strive to create better working and living conditions for foreign experts in China and protect their legal rights and interests to realize their career ideals.     The Friendship Award is the top prize awarded by the Chinese government to foreign experts who make outstanding contributions to China's economic construction and social development.     The 50 award receivers of the year 2008 come from 19 nations. They have been engaged in journalism, agriculture, education, health, engineering and other specialties.     The Chinese government has given the award to 999 foreign experts from 58 countries since 1991.

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TOKYO, June 14 (Xinhua) -- Foreign ministers of China, Japan and South Korea agreed here Saturday to strengthen trilateral cooperation for better political, economic and cultural relations.     Chinese Foreign Minister Yang Jiechi, Japanese Foreign Minister Masahiko Komura and South Korean Minister of Foreign Affairs and Trade Yu Myung Hwan reached the agreement at the second trilateral meeting of foreign ministers from the three countries. Chinese Foreign Minister Yang Jiechi (L), Japanese Foreign Minister Masahiko Komura (C) and South Korean foreign and trade minister Yu Myung-Hwan shake hand prior to their meeting in Tokyo, Japan, June 14, 2008.Yang said the meeting was held when the trilateral cooperation is showing bright prospect. "The trilateral cooperation is facing new opportunities and is standing at a threshold," Yang told his counterparts during the meeting held later in the afternoon.     "Further development of the trilateral cooperation is in line with the expectation of the three peoples and is conducive to peaceful development of the three countries and the region," Yang said.     He called for cherishing of the opportunities to actively push forward the trilateral cooperation toward the direction of peaceful coexistence, comprehensive cooperation, mutual benefit and common development.     Yang called on the three sides to keep their respective political promises, improve understanding and trust in each others, expand logistical and financial cooperation as well as social and cultural exchanges and deepen communications on regional cooperation and significant international and local issues so as to further improve the mechanism of trilateral cooperation. Japanese foreign minister Masahiko Komura (C) speaks during a joint press conference with Chinese foreign minister Yang Jiechi(L), South Korean foreign and trade minister Yu Myung-Hwan after the tripartite China-Japan-South Korea Foreign Ministers Meeting in Tokyo, capital of Japan, on June 14, 2008.    The three ministers agreed that the trilateral cooperation is very important for peace, stability and prosperity of Asia. They agreed to carry out new cooperation on disaster relief.     The three ministers agreed to keep regular communications between leaders and foreign ministers of the three countries and scheduled a meeting of heads of government of the three countries in Japan in September.     The three ministers also agreed to strengthen cooperation on promoting peace and stability on the Korean Peninsula, combating climate change, environment protection, food and energy safety, assistance to African development and the United Nations' reform.     Komura and Yu wished the Beijing Olympics a great success.

BEIJING, Sept. 12 (Xinhua) -- The government has cut back on import taxes on spare parts of large equipment and canceled the import tariff exemption on some complete sets.     The adjustments were made to support the domestic manufacturing of large equipment, said the Ministry of Finance.     Taxes levied on domestic enterprises for importing key spare parts of large equipment, including ultra- and extra-high voltage transmission equipment and transformers, large petro-chemical equipment and large coal-chemical equipment, would be refunded and injected into the enterprises as investment from the nation, it said.     The policy applied to imports after Jan. 1, 2008, depending on the date of declaration of imports.     In the meantime, the import of some complete sets of equipment by enterprises approved after Sept. 1, 2008 would no longer enjoy the tax exemption. Both domestic and foreign-funded projects are subject to the new policy, the ministry said.     Imports of such equipment by enterprises approved before Sept. 1 would continue to enjoy the previous tax policies until March 1,2009.