DAP: The breaking news in Cambodia: “China stocks close mixed Tuesday” plus 9 more

DAP: The breaking news in Cambodia: “China stocks close mixed Tuesday” plus 9 more


China stocks close mixed Tuesday

Posted: 05 Jul 2011 01:17 AM PDT

BEIJING, July 5 (Xinhua) -- Chinese shares closed mixed Tuesday with the benchmark Shanghai Composite Index up 0.13 percent, or 3.54 points, to close at 2,816.36.
The Shenzhen Component Index dipped 0.01 percent, or 0.8 points, to finish at 12,440.37.

China to step up crackdown on illegal toll collection

Posted: 05 Jul 2011 01:16 AM PDT

BEIJING, July 5 (Xinhua) -- Local authorities in China have moved to take down unauthorized tollbooths amid a one-year national campaign in response to broad public complaint.
The provincial government of southern Guangdong vowed to remove illegal tollbooths by the end of May 2012, Tong Xing, deputy provincial governor, said at a meeting on Monday, China News Service reported Tuesday.
By the end of last year, 234 tollbooths, or nearly half of the total in Guangdong, were shut down, he said.
Guangdong, China's richest province, is the birthplace of the nation's toll road. In the 1980s, the cash-strapped province turned to tolls for capital to build roads in the province, where infrastructure was underdeveloped.
The toll-road system was innovative 30 years ago, but it needs to be reformed now, said Wang Yang, chief of the Guangdong Provincial Committee of the Communist Party of China, at an online chat with netizens on Monday.
Starting July 1, the Beijing transport authority lowered tolls for drivers heading toward the capital airport and canceled them completely for those heading back downtown.
China launched a year-long national campaign targeting illegal highway tollbooths at the end of June.
According to a report issued by the National Audit Office on toll roads in 18 provinces, a total of 14.9 billion yuan (2.3 billion U.S. dollars) in toll charges were illegally collected by the end of 2005.

Xinhua launches oil information service center in oil city of Daqing

Posted: 05 Jul 2011 01:16 AM PDT

DAQING, Heilongjiang, July 5 (Xinhua) -- Xinhua News Agency on Tuesday held an inauguration ceremony for an oil and gas information service outlet in the city of Daqing in northeastern Heilongjiang Province.
The outlet, Xinhua (Daqing) International Petroleum Information Center, is established in cooperation with the government of oil-rich Daqing as an important part of Xinhua 08, an Internet-based financial information service platform of the news agency, said Long Xinnan, vice president of Xinhua.
Long said Xinhua would take advantage of the strong influence of Daqing in the oil industry to improve its oil information services through introducing over-the-counter (OTC) oil and gas quotations, oil and gas-related indices, global oil and gas data collecting and processing, rating service, and industrial forums and exhibitions.
Meanwhile, the cooperation between Xinhua and Daqing is of great significance in enhancing China's influence on global oil market, Long said.
The establishment of the center will also improve China's energy safety and promote integration among the country's petroleum, financial and cultural industries, Long added.
Daqing Communist Party secretary Han Xuejian said the information center would help boost the economic and urban transformation of Daqing City and strengthen its core competitiveness.
A string of agreements between the center and its partners, including PetroChina Daqing Oilfield Co., JCACHE Financial Information Co., China Mobile Daqing Branch, and Northeast Petroleum University, were inked at the ceremony.
Also launched at the ceremony was the official website of the Xinhua (Daqing) International Petroleum Information Center, http://oil.xinhua08.com.

People's Daily: Dalai Lama's retirement cannot save his clique from doom

Posted: 05 Jul 2011 01:16 AM PDT

BEIJING, July 5 (Xinhua) -- The People's Daily, flagship newspaper of the Communist Party of China (CPC), ran a commentary on Tuesday, saying the retirement of Dalai Lama will not save the Dalai "clique" from failure.
The commentary said that no matter what objectives the Dalai Lama pursues, whether "Tibetan Independence" or the "Middle Way Approach," and no matter how he acts on stage or controls his puppets from backstage, he will fail.
"No matter who heads the 'exiled Tibetan government,'" its illegal nature will not be altered," according to the commentary.
For the future of Dalai Lama himself, there is no other option for him than to abandon all secessionist acts and speeches and meet the central government's demands, added the commentary.
"The past 60 years since the peaceful liberation of Tibet witnessed  serfdom being replaced by a socialist system, the rapid development of Tibet, a remarkable improvement of the Tibetan people's lives, and closer inter-connections between Tibet and other parts of China, and people of all ethnic groups have developed a deeper understanding of the reactionary nature of the 'clique'," said the commentary.
The Dalai Lama announced  his plan to step down as the political head of the "exiled Tibetan government" on March 10.
The year 2011 marks the 60th anniversary of the peaceful liberation of Tibet.

Inner Mongolia's Nadam Fair to open in late July

Posted: 05 Jul 2011 01:16 AM PDT

HOHHOT, July 5 (Xinhua) -- The annual Nadam fair of Inner Mongolia Autonomous Region will open July 25 in the Gegentala Grassland where visitors from home and abroad can enjoy Mongolian sports and culture performances, according to the region's tourism authorities.
Nadam, Mongolian for entertainment or games, used to be a traditional sports meeting held by the Mongolian people to celebrate their harvest. The fair features wrestling, archery, horse racing, dance and acrobatics that represent traditional Mongolian customs.
The autonomous regional government has been hosting the Nadam in the Gegentala Grassland, about 100 km northeast to the regional capital city of Hohhot, to boost tourism and spread Mongolian culture since 1990.
Ma Yongsheng, an official with the region's tourism bureau, said the fair has shifted from a primarily competitive sporting event to more of an entertainment festival.

Xinhua Insight: Two years after riots, China's efforts to defuse stability threats

Posted: 05 Jul 2011 01:13 AM PDT

in Xinjiang in full swing
URUMQI, July 5 (Xinhua) -- Yao Gang was about to leave home for a hard job at a construction site some 1,000 km away from home. Before walking out, the 46-year-old native of the northwestern city Urumqi waved a final good-bye to his son, who lay paralyzed in bed.
Yao's son was critically wounded in riots that broke out exactly two years ago in Urumqi, the worst violence in Xinjiang Uygur Autonomous Region in decades.
The government says the riots on July 5, 2009 left 197 people dead and 1,700 others injured. The aftermath still haunts, even in a region that is no stranger to violence in its long battle against separatism, terrorism, and religious extremism.
Though overseas Uygur groups were blamed for plotting the unrest, China also looked into domestic woes that left the society vulnerable to the incitement of violence.
Policies have been implemented to address social problems sparked by the imbalance of wealth and development, and exacerbated in regions inhabited by mixed ethnic groups. Unprecedented packages of development assistance were announced by the central government and governments of affluent regions.
"The central leadership has done some thinking in the wake of the riots," said Yao Xinyong, a professor with Jinan University in south China.
"The authorities try to defuse tension among ethnic groups, maintain stability by improving social welfare, lifting living standards of all groups, and boosting economic development of the region," said Li, who is a long-time Xinjiang issue researcher.

RECOVERY
Two years on, the efforts to defuse tension and boost balanced development in Xinjiang are in full swing as the region recovers along with the victims, though slowly, from the riots.
The skull of Yao's son was shattered in the chaos of the mob. Doctors have to use pipes to support his head. His limbs are paralyzed, his hearing impaired, and he constantly suffers fits of epilepsy and depression.
An official in charge of dealing with the riots' aftermath said the government offers free in-hospital treatment and handed out subsidies in housing, jobs, and education for all victims.
The brain surgery for Yao's son was free and the family receives a monthly subsidy of more than 1,000 yuan (153 U.S. dollars).
"But even with that, we still struggle," Yao said. "I have to work to earn extra money for the family to survive."
"My biggest wish is that my son can recover soon, and we really need more help," Yao said.
Tourism plunged in the wake of the riots but has recovered and is poised to grow even stronger.
On Tuesday, at a unique Uygur-style bazaar in downtown Urumqi, business was brisk as waves of tourists flocked.
Booths of the sprawling four-story International Grand Bazaar are filled by vendors, mostly Uygurs, selling goods from traditional dresses and ethnic handicrafts to central Asian carpets and fur.
Managers of the bazaar estimate that more than 10,000 tourists visit the bazaar every day.
Xinjiang, with its desert-oasis sceneries and distinctive ethnic culture, reported a record 30 million tourists in 2010, including at least 1 million tourists from abroad, government statistics show.
Last year's tourism revenues topped 30 billion yuan (4.6 billion U.S. dollars), an all-time high for the region.

SLUM MAKEOVER
The strips of shanty towns that once raised eyebrows of visitors to Urumqi's urban areas are now disappearing.
The authorities have stepped up efforts to tear down mud-and-brick makeshift houses and replace them with modern concrete apartments.
About 15,000 households in 50 slum areas will be covered by the government-funded project this year, officials say.
All of the city's 234 slum areas will be demolished and rebuilt by 2012, and the government will spend another two years to improve community facilities, Xie Min, deputy director of Urumqi's construction committee, previously told Xinhua.
The sprawling slum areas were home to 250,000 people, mostly ethnic Uygurs migrating from poorer parts of Xinjiang. The slums, considered the breeding ground for petty crimes, caught the attention of authorities after a number of the low-income and jobless young tenants were found participating in the July 5 riots.
Police have often complained of the difficulty keeping track of the migrants in the slums.
The government has spent 3.6 billion yuan (554 million U.S. dollars) in overhauling 19 slum clusters to resettle 6,259 households over the past year.
Ayizumkhan, 77, said she was happy for the comfort of modern living after moving into her new apartment from the Heijiashan slum a year ago.
She said the government shouldered the cost of housing and gave her money for furniture.
At Yashan, once known as a "thug town" by local residents, rows of six-floor concrete apartment buildings have replaced shacks and hovels. A clinic, kindergarten, and activity center have also been built in the area.
Visitors to Yashan Park have increased as they feel it is safer now that the nearby slum has been cleaned up.
The government is also pushing forward a plan to install tens of thousands of high-definition cameras to allow "seamless" surveillance of sensitive places in the city.
Nearly 17,000 cameras were installed in the city last year, enabling police to monitor an additional 2,109 public venues including parks, schools, public buses and streets. Officials say the surveillance will be expanded this year.

JOBS
Creating jobs has been one of the top priorities of the Xinjiang regional government over the past two years, as officials consider stable income through employment crucial to lifting poor Uygur families out of poverty and keeping idle youth away from venting their energy in violence.
Xinjiang, covering about one-sixth of China's land territory, is home to large stretches of deserts. Agriculture has been the prime sector of Xinjiang. The development of industries and services lagged far behind those of other Chinese regions, limiting job prospects for local residents.
Turwinjan Tursun, a researcher with the Academy of Social Sciences of Xinjiang, said the difficulty of employment was especially true for the southern part of Xinjiang where the economy heavily relies on desert-oasis farming.
"There are little business in southern Xinjiang, and less large business, so the capacity for employment is really small," he said.
Two major programs were launched to address the issue last year, said Tian Wen, the top official of the regional government in charge of human resources management.
For one, thousands of jobless college graduates, some having stayed unemployed for years, were sent to job skill training in universities and companies in China's developed regions, all at the government's expense.
Additionally, each level of government and affiliated institutes were ordered to generate more jobs on the government's payroll to specifically hire members of jobless families.
Capable college graduates are also encouraged to start their own businesses.
The central government has also pledged to support Xinjiang's employment initiatives.
Official figures show that last year about 510,000 unemployed residents in urban Urumqi got jobs under the government programs. In the same year, about 2.31 million people in the countryside were given seasonal jobs like helping harvests at cotton-producing bases or were sent away to become migrant workers like Yao.
Both figures were significantly higher compared with the statistics in 2008 and before.
Xinjiang's unemployment rates are not made public.
Tian said the government was determined to "crack the hard nut of unemployment" especially in southern Xinjiang so more young people from rural areas would be encouraged to work in the infrastructure, real estate, and energy sectors.

DEVELOPMENT BOOM
The central government last year unveiled unprecedented aid packages to boost development in Xinjiang, a region that boasts of rich oil and gas reserves and borders eight countries, including key regional trade partners like Russia, Mongolia, and Kazakhstan.
The central government's plan aims to build oil refineries, heavy machinery factories, cotton manufacturing bases, and modern animal husbandry facilities in Xinjiang by 2015.
The development boom will create jobs and bring wealth to the region, officials said.
The authorities aim to narrow the gap between Xinjiang and other inland regions as much as possible over the next 10 years, guaranteeing that Xinjiang will fulfill its goal of achieving a "moderately prosperous society in all aspects" by 2020.
That means Xinjiang's annual growth over the next five years should reach 10.5 percent per year.
According to the plan, Urumqi will be built into a "core city" in western China and an "international trade center" of central and western Asia by 2020. The authorities have planned two new districts in the city to be built with world-class city standards, a new rail linking it to inland regions and a second airport.
Nur Bekri, chairman of the regional government, vowed to accelerate the pace of opening-up on the eve of the riots' two-year anniversary.
"We need to open up more urgently now than ever," he said at an expert seminar in Urumqi on Monday. "We have lagged behind the inland and eastern coastal regions over the past three decades mainly because we had not fully opened up."

Chinese vice president urges closer economic, political ties with ROK

Posted: 04 Jul 2011 08:34 PM PDT

BEIJING, July 5 (Xinhua) -- Vice President Xi Jinping has urged China and the Republic of Korea (ROK) to speed up negotiations on a free trade agreement and to jointly preserve peace and stability on the Korean Peninsular.
Xi, member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, made the remarks during a meeting with Sohn Hak-kyu, chairman of ROK's Democratic Party, in Beijing Monday afternoon.
He praised the sound momentum in bilateral ties, citing frequent high-level exchanges, substantial cooperation, people-to-people contact, communication and coordination on international affairs between the two countries, according to a press release issued by Xi's office on Tuesday.
China values such bilateral ties and will work with ROK to enhance strategic communication and mutual trust, promote exchanges between the two peoples, especially the youth, and to facilitate cooperation between the two states' political parties, Xi said.
Sohn Hak-kyu, also a member of the National Assembly, praised China's economic and social achievements, pledging to enhance party-to-party exchange of experience.
The ROK will also make joint efforts with China to resume the South-North dialogues of the Korean Peninsula and the six-party nuclear talks to realize denuclearization on the peninsular and to preserve regional security and stability, he said.

Xinhua home news advisory -- July 5

Posted: 04 Jul 2011 08:34 PM PDT

BEIJING, July 5 (Xinhua) -- Following are home news items to be covered or pursued by Xinhua on Tuesday:
-- Rainstorms to hit west China, heat wave continues in south
-- China's Red Cross communicates with netizens amid trust crisis
-- China to strengthen toll road regulation
-- State Oceanic Administration briefs media on CNOOC oil spill
-- Xinhua Insight: Two years after riots, China's efforts to diffuse stability threats in Xinjiang in full swing
-- Feature: Man of letters

TV News Magazine: CHINA VIEW
1, Click on Today
2, Land dispute leads to water pollution in S China
3, When urbanization meets cultural relic conservation
Editor's Notes: China View from CNC World is a 30-minute daily English in-depth news program that brings global audience a panorama of what happens across China and face-to-face interviews over hot issues in China that interest people around the world.
Global viewers can tune into CNC English programs via Asia-Pacific Satellite-6 at 134 degrees east longitude, with parameters set as "6065MHz/3840MHz." The programs can also be viewed at www.cncworld.tv.

China stock index futures open higher Tuesday

Posted: 04 Jul 2011 08:33 PM PDT

BEIJING, July 5 (Xinhua) -- China's stock index futures opened higher on Tuesday with the contract for settlement in July, the most actively traded, up 4.4 points at 3,122.2.
The August contract opened 1.8 points higher at 3,130.8
The contract for settlement in September opened 0.4 point higher at 3,140.2 points.
The contract for settlement in December opened at 3,193.2 points, 3.4 points higher from the previous close.
The stock-index contracts, agreements to buy or sell the Hushen 300 Index at a present value on an agreed date, are designed to allow investors to bet on and profit from both gains and declines in the market.
The index futures were launched at the China Financial Futures Exchange (CFFEX) and started trading from April 16, 2010. The CFFEX has set the base value for all the four contracts at 3,399 points.

ChiNext Index opens higher Tuesday

Posted: 04 Jul 2011 08:33 PM PDT

BEIJING, July 5 (Xinhua) -- ChiNext Index opened at 877.52 points Tuesday, up 1.35 points from the previous close.
The index, officially launched on June 1, 2010, on the Shenzhen Stock Exchange, has a base value of 1,000 points.
The ChiNext Index, together with the Shenzhen Component Index and the Shenzhen SME (small and medium-sized enterprises) Board Index, makes up the three core indices reflecting the performance of China's stocks listed on the Shenzhen Stock Exchange.

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