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BEIJING, June 30 (Xinhua) -- Taiwan authority opened up the island to Chinese mainland investment Tuesday with 100 categories of manufacturing, service and infrastructure sectors in the initial opening-up list.     The move marks a historic breakthrough of decades-long hopes for two-way investments across the Taiwan Straits.     Under two new regulations in effect Tuesday, mainland individuals, companies and institutions can set up branch offices, wholly-owned or joint-venture companies on the island.     They have to get approval from Taiwan economic affairs authority in advance, according to the regulations.     Investment from firms based outside the Chinese mainland, in which mainland ownership is more than 30 percent, will also be regarded as mainland investment in Taiwan, the regulations said.     In the initial phase, the Taiwan authority allows mainland investment in 64 categories in manufacturing sector, 25 categories in service sector, and 11 categories in infrastructure sector on the island.     Mainland investment would "help Taiwan's economy prosper" and make international investors more confident in Taiwan market, said John Chen-Chung Deng, deputy head of Taiwan's economic affairs authority, at Tuesday's press conference.     The investment would help increase industry capital in Taiwan and make its financial market more vigorous, he said.     Through two-way cross-Straits investments, the two sides could jointly explore mainland and international markets, he told the press conference.     The formalization of cross-Straits investment is a long-term objective, he said. The opening-up will advance in a "gradual" way and "will be expanded as long as the initial investment bears fruits."     The Taiwan authority planned to send a team to the mainland to attract investment in the second half of this year, he said. Taiwan welcomes mainland companies to conduct investigations for investment on the island.     For the convenience of mainland investors in Taiwan, the relevant authority in Taiwan has also set down regulations on issues including medical service, education, financial need and house purchasing for both the investors and their family, according to the official.     BREAKTHROUGH IN TWO-WAY INVESTMENT     Experts said the move marks the end of the one-way flow of capital from Taiwan to the mainland, and is a basic indicator of the normalization of economic and trade ties between the two sides.     Zhang Yansheng, director of the Institute of Foreign Trade under the National Development and Reform Commission (NDRC), said the influx of mainland capital would greatly boost Taiwan's gross production value, tax income and employment.     The investment would not only benefit Taiwan companies harshly hit by the international financial turmoil, but also enhance competitiveness of mainland companies, he said.     Liu Xiaohong, deputy general manager of Quanjude (Group) Co. Ltd., a Beijing-based company that specializes in the famous Peking roast duck, said the newly announced regulations have cleared major obstacles and will accelerate the company's pace to open outlets in Taiwan.     Direct transport, postal service and trade was totally cut off between the two sides since the Chinese civil war ended in 1949.     On Jan. 1, 1979, the Standing Committee of the National People's Congress, or the top legislature, called for an early realization of the three direct cross-Straits links on transport, mail and trade in its "Message to Compatriots in Taiwan". After 1979, the mainland allowed Taiwan products to enter at lower tax rates or tax-exemption.     In July 1988, the State Council, or the Cabinet, issued regulations encouraging Taiwan compatriots to invest on the mainland.     The mainland has been the largest trade partner of Taiwan since 2003, with annual trading volume surpassing 100 billion U.S. dollars.     Tuesday's announcement came about two months after the mainland and Taiwan reached a historic consensus on allowing mainland companies to invest in Taiwan during talks between the two sides top negotiators on cross-Straits relations.

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.

BEIJING, June 16 (Xinhua) -- China would like to join with Myanmar to promote comprehensive, stable and lasting relations, Vice President Xi Jinping said Tuesday.     During talks with Myanmar State Peace and Development Council Vice-Chairman Maung Aye, Xi said China valued good-neighborly relations with Myanmar.     He said Myanmar was among the first group of countries that forged diplomatic ties with the People's Republic of China, and Sino-Myanmar relations had maintained good momentum. Chinese Vice-President Xi Jinping (L) holds a welcome ceremony in honor of Maung Aye (R), vice-chairman of the Myanmar State Peace and Development Council (SPDC), at the Great Hall of the People in Beijing, capital of China, June 16, 2009.     Xi also said the two countries should implement on-going projects to boost their economies amid the global downturn.     He stressed that the Five Principles of Peaceful Coexistence were the cornerstone of China's diplomacy, and as a good neighbor, China hoped Myanmar would overcome difficulties to achieve stability and prosperity.     Maung Aye expressed gratitude for China's long-term assistance. He particularly mentioned that China sent medical teams after Myanmar was hit by a cyclone last year.     He reaffirmed Myanmar would support China's stance on the Taiwan and Tibet issues.     Chinese Premier Wen Jiabao met with Maung Aye earlier Tuesday.     Hailing the 60-year diplomatic relationship, Wen said the two nations enjoyed traditional friendship and broad common interests.     Maung Aye said his government valued the relationship with China.     Maung Aye came to China on an official visit scheduled for June15 to 20 at Xi's invitation.

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JINAN, May 2 (Xinhua) -- Thirteen people were confirmed dead and two others fatally injured in a fireworks explosion Saturday afternoon in east China's Shandong Province. The explosion took place at an unlicensed fireworks processing factory in Yangzhuangzi Village of Qingyun Township, Qingyun County, at 1:30 p.m. Three rooms owned by villager Yang Ziye were toppled, according to the Qingyun county government. A bulldozer works at the site of the explosion in Yangzhuangzi Village of Qingyun Township, Qingyun County in east China's Shandong Province, May 2, 2009. Thirteen people were killed and two others injured in a fireworks explosion here Saturday afternoon.    One woman villager said she heard a loud noise when explosion was happening. "Taking it for an earthquake, by instinct, I ran out of my home," said the woman. Photo taken on May 2, 2009 shows the damaged house at the site of the explosion in Yangzhuangzi Village of Qingyun Township, Qingyun County in east China's Shandong Province. Thirteen people were killed and two others injured in a fireworks explosion here Saturday afternoonWindows in other houses in the vicinity were battered, and cracks were also found with some of the houses.     The villagers said they didn't know Yang had rented his house to another person who had organized secret fireworks making around Yang's house.     Two bulldozers were continuing to comb through the debris. Identities of the dead were still unknown at the moment.     The police were hunting down for the tenant who was suspected of causing a major crime for the accident, said Gao Lixia, an official in charge of publicity with Qingyun County Committee of the Communist Party of China (CPC).     The two injured were rushed to a hospital in Binzhou, a nearby city in Shandong, for medical treatment.     Qingyun is a county in northern Shandong and is about three hours' bus ride from Jinan, the provincial capital.

PRAGUE, May 20 (Xinhua) -- Chinese Premier Wen Jiabao called for closer relations between China and the Czech Republic at meetings with Czech leaders on Wednesday.     The Chinese government attaches great importance to its relationship with the Czech Republic and would like to push the ties to a new stage, Wen said in talks with Czech President Vaclav Klaus. Chinese Premier Wen Jiabao (L) meets with Czech President Vaclav Klaus in Prague, capital of Czech Republic, May 20, 2009Wen said the Czech Republic, together with other Central and Eastern European countries, is among the earliest nations that established diplomatic relations with China, and their bilateral relations have enjoyed a sound foundation.     This year marks the 60th anniversary of the establishment of diplomatic relations between China and the Czech Republic.     Wen said that in the past 60 years, friendship and cooperation have always been the main tone of bilateral ties despite profound changes in both countries and in the world at large.     He said that in recent years, China and the Czech Republic have maintained high-level contacts, with bilateral economic and trade cooperation deepened and social and cultural exchanges expanded.     Wen said China attaches great importance to its relations with the Czech Republic and is willing to take the 60th anniversary as an opportunity to enhance mutual political trust, expand trade and mutual investment, strengthen cooperation in science and environmental protection, promote non-governmental exchanges, and better coordinate in international affairs. Chinese Premier Wen Jiabao (2nd R) poses together with European Commission President Jose Manuel Barroso (1st R), Czech President Vaclav Klaus (2nd L), whose country holds the rotating EU presidency, and EU foreign policy chief Javier Solana at the 11th China-EU Summit in Prague, Czech Republic, May 20, 2009Klaus, who has visited China three times, said he was very impressed every time he visited China. The Czech Republic considers China an important partner and is willing to strengthen cooperation and exchanges with China in various fields, Klaus said.     He expressed hopes that more Czech companies would invest in China.     Wen met Klaus after attending the 11th China-EU summit held here earlier Wednesday. The Czech Republic holds the rotating EU presidency.     Wen praised the efforts made by Klaus for the success of the summit and spoke highly of his contribution to bilateral relations. Chinese Premier Wen Jiabao (L, front) meets with Czech Prime Minister Jan Fischer (R, front) in Prague, capital of Czech Republic, May 20, 2009Also on Wednesday, the Chinese premier met Czech Prime Minister Jan Fisher.     Wen said it is particularly important for China and the Czech Republic to work together amid the global financial crisis.     The Chinese government is willing to expand trade with the Czech Republic and increase mutual investment and take concrete actions to promote trade balance, said the premier.     China welcomes the efforts by Czech enterprises to further explore the Chinese market, Wen said, adding that the two sides can also try to jointly explore third-party markets.     Both sides should create a sound environment for investment and cooperation between enterprises, Wen said.     Fisher said the Czech Republic considers the 60th anniversary as a new milestone and would enhance political dialogue with China and reinforce cooperation in such sectors as trade, investment, tourism and culture.     He also called for joint efforts with China to tackle the international financial crisis and push bilateral ties to a new high. Chinese Premier Wen Jiabao (L) shakes hands with European Commission President Jose Manuel Barroso (R) as Czech President Vaclav Klaus, whose country holds the rotating EU presidency, looks on at the 11th China-EU Summit in Prague, Czech Republic, May 20, 2009

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BEIJING, June 24 (Xinhua) -- China said Wednesday that boosting regional trade and investment was a crucial task for countries in east Asia.     Premier Wen Jiabao also called on countries in east Asia to "deepen financial cooperation and infrastructure construction to increase the ability to confront economic risks." During talks with his Thai counterpart, Abhisit Vejjajiva, Wen said China would always support the leading role the Association of the Southeast Asian Nations (ASEAN) played in east Asia. Chinese Premier Wen Jiabao (1st L) holds a welcoming ceremony for Thai Prime Minister Abhisit Vejjajiva (2nd L) at the Great Hall of the People in Beijing, capital of China, June 24, 2009.     On the Sino-Thai relationship, Wen said it had met the test, and substantial cooperation had developed, since the two countries forged diplomatic ties 34 years ago.     "China will work with Thailand to cement the traditional friendship and strategic cooperation to push forward bilateral ties," Wen said.     He proposed that the two sides maintain coordination on bilateral relations and major international issues, implement the agreement on economic and trade cooperation, and take effective measures to maintain steady trade development.     China encouraged its entrepreneurs to invest in Thailand, Wen said, adding that both countries should ensure a proposed highway from Kunming, China to Bangkok be completed at an early date and promote trade and logistics in the Mekong River area.     Abhisit said Thailand and China had enjoyed a long-term friendship and the relationship and cooperation in all areas had improved.     He noted that amid the financial crisis, Thailand would expand trade, agricultural, tourism and education cooperation with China.     He said Thailand adhered to the one-China principle and would like to push forward cooperation between China and ASEAN.     Before the talks, Wen held a ceremony to welcome Abhisit, who arrived in Beijing Wednesday for a four-day tour.

BEIJING, June 10 (Xinhua) -- China is ready to end a de facto suspension of initial public offerings (IPOs) on the Shanghai and Shenzhen stock exchanges, after the securities regulator unveiled Wednesday the final guidelines for new IPOs.     The China Securities Regulatory Commission (CSRC) said the guidelines would take effect Thursday.     An unidentified CSRC spokesman said the commission will give approvals to applying firms any time after the guidelines become effective.     The commission announced draft guidelines on May 22 to solicit public opinions till June 5. The new guidelines aim to improve the price discovery function of the stock market, and help retail investors subscribe to newly issued stocks.     The draft said the quotation system for new issues should be revised so that issue prices faithfully reflect market demand, and lead underwriters should take steps to avoid "unreasonably" high prices.     Under the new rules, stock subscribers need to use either the online or off-line subscription system, but not both, to purchase new stocks. Institutional investors used to enjoy the privilege of subscribing through both systems, while retail investors could use only the off-line system.     Three revisions were made to the draft to follow public advices that the commission deemed reasonable.     The final version said a single investor is refined to use one account only to purchase new stocks, as some institutional investors have multiple accounts. The revision is aimed to help more smaller investors get access to new stocks.     In addition, the commission said it would consider to increase the number of tradable stocks in response to suggestions the lock-down of too many stocks would do no good to curb speculation.     However, the spokesperson said shares lock-down of large shareholders would remain in place, as it is aimed to prevent frequent changes in managerial staff that could jeopardize a firm's operation and create risks and the practice is followed on many overseas markets.     The commission also added the content about improving the "clawback" and the offering suspension mechanisms upon requests of the public. The "clawback" mechanism is used in the event that the deal is subscribed by 100 times or more.     The CSRC effectively suspended all new stock issues last September, as it halted approvals. Since then the stock market has plunged more than 50 percent from its peak 6124.04 in October 2007,compared to Wednesday's closing.     The CSRC spokesman anticipated that the first few new IPOs may not be satisfactory (in boosting the market), but he believed that the goals of the new guidelines could be achieved over time, which would play a positive role in boosting the market in the long run.     A total of 32 firms are on the waiting list to launch their IPOs on the A-share market, expecting to issue a combined more than 14 billion shares.     China State Construction Engineering Corp. is expected to issue12 billion shares.

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BEIJING, July 14 (Xinhua) -- China's armed forces are raising the qualification and training levels of non-commissioned officers (NCOs) to build a professional corps with the ability to operate increasingly sophisticated weapon systems.     A reform plan unveiled by the Central Military Commission (CMC), China's top military authority, outlines the reforms which will affect the People's Liberation Army (PLA) and People's Armed Police Force (PAPF) by the end of this year.     The number of non-commissioned officers (NCO) in the PLA and PAPF would rise to almost 900,000 while the total number of personnel would remain unchanged, Yang Yangshen, an officer with the PLA's Headquarters of the General Staff, told Xinhua on Tuesday.     He said the rise would be small, but would not give the current number of NCOs.     New NCO posts would be offered to increase the strength of increasingly technology-intensive forces.     The NCOs would be given more responsibility for equipment that needed better proficiency and information skills in addition to assisting commissioned officers with basic training.     According to the plan, the PLA and PAPF would recruit more graduates with three-year college diplomas, who could better understand the operation of modern military weapons systems, rather than promote enlisted personnel.     The PLA and PAPF enlisted personnel are mainly high school graduates who finished 12 years of education.     The modernization of the PLA's weapon systems called for better qualified non-commissioned officers, said Yang.     Currently, the NCOs of the PLA and PAPF are ranked in six categories, starting from the lowest NCO level 1 up to NCO level 6.     According to the plan, the new ranks, from lowest to highest, will be corporal, sergeant, sergeant first class, master sergeant class four, master sergeant class three, master sergeant class two and master sergeant class one.     The reform also introduces a training system by which the new NCOs need to acquire technical qualifications, such as weapons repair and equipment maintenance.     All NCOs who want to be promoted will need to pass upgraded training courses and exams, according to the reform plan.     The plan mandates that the maximum service time for junior grade NCOs (corporal, sergeant) is six years and intermediate grade (sergeant first class, master sergeant class four) is eight years. The senior grade NCOs (master sergeant class three, master sergeant class two, master sergeant class one) could serve for more than 14 years.     It would also increase the basic salaries for intermediate grade NCOs and subsidies for all NCOs.     The PLA and PAPF introduced volunteer recruitment in 1978, which was the original model of the NCO system established in 1998when the revised conscription law reduced the compulsory service period of the enlisted soldiers from three to two years.

HANOI, May 25 (Xinhua) -- Chinese Foreign Minister Yang Jiechi attended the 9th Foreign Ministers' Meeting of the Asia-Europe Meeting here on Monday and delivered a speech at the opening ceremony.     Yang said with deepening globalization, the destinies of Asia and Europe have been tied together. Countries must intensify cooperation, deepen mutual trust and build a new and closer Asia-Europe partnership.     To build such a partnership, Yang said countries should enhance mutual understanding through dialogue on an equal footing. Countries should promote development through intensified cooperation. Countries should advocate mutual tolerance through expanded exchanges. Countries should strengthen its institution building to ensure the vitality.     Yang made several suggestions to cope with the ongoing financial and economic crisis and other global challenges.     First, Yang said countries should strengthen confidence and strive for economic recovery and growth. Countries should firmly oppose all forms of protectionism and take concrete steps to help develop countries maintain financial stability and work together to overcome the international financial crisis.     Second, countries should take active measures to counter the threat of A/H1N1 flu and other infectious diseases and minimize the impact of the flu on global trade and economic activities, said Yang.     Third, countries should think for the future, remain committed to the principle of "common but differentiated responsibilities" and step up cooperation in tackling climate change.     Fourth, countries should increase input and foster and follow anew energy security concept that calls for win-win cooperation, diverse forms of development and common security through coordinated supply, said Yang.     Fifth, countries should promote peaceful and negotiated settlement of hotspot issues and regional disputes on the basis of mutual respect, mutual trust and cooperation. The international community should fully respect the sovereignty and territorial integrity of the countries concerned, provide active and constructive help, and avoid willfully applying pressure or sanctions.     Yang said to deal with the international financial crisis, China has adjusted its macro-economic policies and implemented positive fiscal policy and loosened its monetary policy in an appropriate manner.     China has launched a package of measures to expand domestic consumption and stabilize export market and these measures have started to take effect.     As a responsible member of the international community, China will continue to work together with other ASEM members to strengthen coordination in the macro-economic policy, advance the reform of international financial system and actively safeguard the stability of the multi-lateral trade system.     The 9th Foreign Ministers' Meeting of the Asia-Europe Meeting (ASEM) opened here on Monday with the participation of foreign ministers and delegates from 45 ASEM members in the two-day meeting.     Vietnamese Prime Minister Nguyen Tan Dung delivered the opening speech of the meeting.