China's National Audit Office said on Wednesday it would shift work focus from quake-relief donations to auditing the use of reconstruction fund and supplies , starting from October.
These would include the distribution, management and use of reconstruction fund, implementation of the reconstruction outline and the quality of rebuilding projects, said Yu Xiaoming, NAO deputy auditor general.
Yu repeated that no serious abuses were found in the management of quake-relief donations and it would publicize the final auditing result in October.
The auditing work had covered almost all the processes dealing with the quake-relief fund and supplies, Yu said.
The office had scrutinized 20,471 county-level administrations,5,281 city departments, 1,126 provincial units and visited 45,149 quake-affected families, she said.
The NAO said in a report early last month that 36 cases of violations were detected and all the 21 people responsible had been disciplined by the Party or had administrative punishments.
All the money and goods involved had been recovered, Yu said.
The magnitude-8.0 earthquake struck Wenchuan County, Sichuan Province, on May 12. It was feared that once the fate of all those listed as missing was clarified, the death toll would top 87,000.
The central finance has earmarked 70 billion yuan for post-quake reconstruction fund this year.
Source: Xinhua
Thursday, September 11, 2008
China-Europe Forum to ponder cooperation opportunities
The third meeting of the China-Europe Forum, which opened in Hamburg Wednesday evening, is expected to debate how to explore the opportunities of cooperation between China and Europe.
During the three-day forum, keynote speakers are expected to dwell on a number of hot issues like bilateral trade between China and the European Union , climate change and environment protection, and the prospects of China's development.
Chinese Vice Premier Zhang Dejiang and German Federal Foreign Minister Frank-Walter Steinmeier attended the opening ceremony of the forum, which is titled "The Hamburg Summit: China meets Europe."
Addressing the opening ceremony, Zhang said the Sino-European relations pose a huge potential and boast magnificent prospects.
It is in the interest of both sides to develop the all-around strategic partnership on the basis of equality between China and Europe, Zhang said, adding that it is also beneficial to world peace.
Steinmeier told the opening ceremony that he was relieved and pleased that the German-Chinese relations have been "back on track" after both sides tried to overcome various "difficulties."
He noted that the visits at and above the ministerial level have been resumed recently and Zhang's current visit itself symbolized the progress of bilateral relations.
The foreign minister also said the China-Europe Forum is an important platform for deepening dialogue between China and Europe.
The biennial China-Europe Forum, created in 2004, has turned into a vital platform for political and business leaders to exchange ideas on exploring more economic cooperation opportunities.
Source: Xinhua
During the three-day forum, keynote speakers are expected to dwell on a number of hot issues like bilateral trade between China and the European Union , climate change and environment protection, and the prospects of China's development.
Chinese Vice Premier Zhang Dejiang and German Federal Foreign Minister Frank-Walter Steinmeier attended the opening ceremony of the forum, which is titled "The Hamburg Summit: China meets Europe."
Addressing the opening ceremony, Zhang said the Sino-European relations pose a huge potential and boast magnificent prospects.
It is in the interest of both sides to develop the all-around strategic partnership on the basis of equality between China and Europe, Zhang said, adding that it is also beneficial to world peace.
Steinmeier told the opening ceremony that he was relieved and pleased that the German-Chinese relations have been "back on track" after both sides tried to overcome various "difficulties."
He noted that the visits at and above the ministerial level have been resumed recently and Zhang's current visit itself symbolized the progress of bilateral relations.
The foreign minister also said the China-Europe Forum is an important platform for deepening dialogue between China and Europe.
The biennial China-Europe Forum, created in 2004, has turned into a vital platform for political and business leaders to exchange ideas on exploring more economic cooperation opportunities.
Source: Xinhua
Chinese shares down 2.1% on growth worry, policy uncertainty
Chinese stocks slid 2.14 percent before the noon trading break as investors were gripped with renewed fears over slower economic growth.
The benchmark Shanghai Composite Index lost 46.06 percent to 2,104.70, the lowest in 21 months. The index edged up 0.23 percent on Wednesday as investors welcomed the news the consumer inflation eased to a 14 month low of 4.9 percent in August.
But the slowing exports growth last month deepened worries over the economic fundamentals, said analysts.
Investors also feared the government wouldn't relax the tightening measures in the short term for wary of a rebound in inflation and before there was a sharp economic slow-down, they said.
Investor sentiment was extremely low as the key Shanghai index has plummeted 65.6 percent from its all time high on Oct. 16.
Banks led the decline as a slow economic growth could reduce loans demand. Shanghai Pudong Development Bank plunged 5.80 percent to 16.25 yuan. Industrial and Commercial Bank of China, the nation's largest lender, retreated 2.88 percent to 4.38 yuan.
PetroChina, the most heavy-weighted stock on the Shanghai Composite Index, slumped 1.99 percent to 10.86 yuan.
Source: Xinhua
The benchmark Shanghai Composite Index lost 46.06 percent to 2,104.70, the lowest in 21 months. The index edged up 0.23 percent on Wednesday as investors welcomed the news the consumer inflation eased to a 14 month low of 4.9 percent in August.
But the slowing exports growth last month deepened worries over the economic fundamentals, said analysts.
Investors also feared the government wouldn't relax the tightening measures in the short term for wary of a rebound in inflation and before there was a sharp economic slow-down, they said.
Investor sentiment was extremely low as the key Shanghai index has plummeted 65.6 percent from its all time high on Oct. 16.
Banks led the decline as a slow economic growth could reduce loans demand. Shanghai Pudong Development Bank plunged 5.80 percent to 16.25 yuan. Industrial and Commercial Bank of China, the nation's largest lender, retreated 2.88 percent to 4.38 yuan.
PetroChina, the most heavy-weighted stock on the Shanghai Composite Index, slumped 1.99 percent to 10.86 yuan.
Source: Xinhua
Fourth Outstanding Chinese Entrepreneur Convention to be held in Beijing
After nearly a year of preparation, the fourth Outstanding Chinese Entrepreneur Convention will be held on September 25 at Great Hall of the People in Beijing. Outstanding Chinese Entrepreneur Convention is a global annual event of Chinese entrepreneurs and has been successfully held for three times.
This convention combines training, forums, investment and financing docking talks, business exchanges, business inspection, public welfare activities, and cultural activities in one, aims for better, more pragmatic and seeks to provide entrepreneurs a high-end platform of communications and abundant opportunities for cooperation as well as the most valuable network resources.
By People's Daily Online
This convention combines training, forums, investment and financing docking talks, business exchanges, business inspection, public welfare activities, and cultural activities in one, aims for better, more pragmatic and seeks to provide entrepreneurs a high-end platform of communications and abundant opportunities for cooperation as well as the most valuable network resources.
By People's Daily Online
"The Little Mermaid" is expected to come to Shanghai World Expo
In the afternoon of September 10, the Crown Prince of Denmark released to the Danish media in Copenhagen the winning design plan of 2010 Shanghai World Expo Denmark Pavilion. At the same time, Mr. Carsten Boyer Thoegersen, Consul-General of the Kingdom of Denmark in Shanghai held a press conference in his official residence. The exhibition theme of Denmark Pavilion will be "happy life, fairytale park".
Mr. Thoegersen said that this wining design team hopes to bring Denmark's most representative "The Little Mermaid" sculpture from Copenhagen seaside to Shanghai World Expo. The sculpture will be placed in the center of the pool which represents Denmark harbor in Denmark Pavilion. During six months of "The Little Mermaid's" visit to the Shanghai World Expo, sculptures by famous modern Chinese artists will be placed in her home. If the idea wins the support of Copenhagen city government, this will be the first time for "The Little Mermaid" "to travel abroad " in 95 years since her birth.
Denmark Pavilion constitutes two circular orbits, forming indoor and outdoor sections connected by a platform. Visitors to Denmark Pavilion will have the opportunity to personal experience Denmark city life.
By People's Daily Online
Mr. Thoegersen said that this wining design team hopes to bring Denmark's most representative "The Little Mermaid" sculpture from Copenhagen seaside to Shanghai World Expo. The sculpture will be placed in the center of the pool which represents Denmark harbor in Denmark Pavilion. During six months of "The Little Mermaid's" visit to the Shanghai World Expo, sculptures by famous modern Chinese artists will be placed in her home. If the idea wins the support of Copenhagen city government, this will be the first time for "The Little Mermaid" "to travel abroad " in 95 years since her birth.
Denmark Pavilion constitutes two circular orbits, forming indoor and outdoor sections connected by a platform. Visitors to Denmark Pavilion will have the opportunity to personal experience Denmark city life.
By People's Daily Online
China quality watchdog starts investigation into suspected baby milk powder
China's quality watchdog said on Thursday it was conducting investigation into samples of baby milk powder that was suspected responsible for rising number of babies suffering from kidney stones.
The Administration of Quality Supervision, Inspection and Quarantine said it started the investigation on Tuesday, when cases of infants afflicted with kidney stones were reported in northwest Gansu Province.
All the babies involved drank milk labeled with the Sanlu brand. One baby has died of kidney stones in Gansu.
Source:Xinhua
The Administration of Quality Supervision, Inspection and Quarantine said it started the investigation on Tuesday, when cases of infants afflicted with kidney stones were reported in northwest Gansu Province.
All the babies involved drank milk labeled with the Sanlu brand. One baby has died of kidney stones in Gansu.
Source:Xinhua
Coal mine gas blast kills five in SW China
Five people had been confirmed dead in a gas explosion at a coal mine in southwest China's Yunnan Province, a local government spokesman said Wednesday.
The accident happened at about 4:40 p.m. Tuesday at the Hengda Coal Mine in Yiliang County of Zhaotong City, leaving one person injured, another missing and four others trapped underground.
On Wednesday afternoon, rescuers recovered the five bodies of the missing and the trapped; 12 workers were poisoned during the rescue operation.
Four people, including a vice manager of the mine, were held accountable for the accident. They have been detained, and an investigation into the cause has begun.
The 12 injured people were in hospital, out of danger.
The fully-registered mine has an annual production capacity of 40,000 tonnes.
Source:Xinhua
The accident happened at about 4:40 p.m. Tuesday at the Hengda Coal Mine in Yiliang County of Zhaotong City, leaving one person injured, another missing and four others trapped underground.
On Wednesday afternoon, rescuers recovered the five bodies of the missing and the trapped; 12 workers were poisoned during the rescue operation.
Four people, including a vice manager of the mine, were held accountable for the accident. They have been detained, and an investigation into the cause has begun.
The 12 injured people were in hospital, out of danger.
The fully-registered mine has an annual production capacity of 40,000 tonnes.
Source:Xinhua
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