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President Promises Central Government Aid for Hong Kong
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| Chinese President Jiang Zemin Wednesday told Tung Chee Hwa, chief executive of the Hong Kong Special Administrative Region, that the Chinese central government will take a number of measures to help Hong Kong overcome its current economic difficulties. |
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Shanghai Science Museum Opens
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| The 1.75-billion-yuan (US$ 181.45 million), glass-and-steel Shanghai Science and Technology Museum, the largest of its kind in Asia, opened to the public yesterday to rave reviews: "This is one of the best scientific museums in the world," said Henry Levine, the American Consul General in Shanghai, "on a par with or even surpassing the great places in the US like the renowned Franklin Institute Science Museum in Philadelphia." Levine was among the visitors at the opening. |
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South China Supplies World
With Christmas Items
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| Shenzhen is now the world's largest manufacturing base and export center of Christmas-related products, with an annual export volume of over US$2 billion, according to an official with the city's Foreign Economic and Trade Bureau. The United States was reported to be the largest consumer of Shenzhen's holiday items, such as artificial trees and tree trimmings, cards, and toys. |
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Jiang Affirms Ties With Pakistan
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| President Jiang Zemin said that China is willing to continue giving aid to Pakistan and to promote bilateral trade and economic cooperation. In an interview Tuesday with Javed Akhter--a Beijing-based correspondent of the Associated Press of Pakistan--Jiang said that he believed that Pakistani President Pervez Musharraf's forthcoming China visit would enhance the all-round cooperation between the two countries. |
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Premier Zhu Backs New State-share Sale
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| Chinese Premier Zhu Rongji Monday in Beijing urged China's securities watchdog to develop fresh measures to continue the sell-off of state-owned shares in order to enrich the social security reserve. |
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Foreign Minister Upbeat at Year's End
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| Reviewing the year's events, Foreign Minister Tang Jiaxuan sounded a rather upbeat note, describing an "overall peaceful" world despite localized wars and the terrorist attacks on September 11. He expressed profound unease about the Middle East and cautious hopes about a new beginning in Afghanistan. |
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Beijing Calls for Straits Dialogue
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| Beijing's Taiwan Affairs Office said on Sunday it hoped to resume cross-Straits talks soon but insisted that the one-China principle was a precondition. |
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Foreign Financial Institutions Thrive in Chinese Market
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| With China's entry into the WTO, competition for market shares among foreign financial institutions based in Shanghai, one of China's economic powerhouses, has become more intensive than ever before. |
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Yungang Grottoes Added to World Heritage List
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| UN's World Heritage Committee Friday inscribed 31 new sites including the Yungang Grottos of China on the World Heritage List, which now numbers 721 natural and cultural sites of "outstanding universal value" in 124 countries. |
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US Deduction of Chinese Textile Quota Violates Bilateral Agreement: MOFTEC
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| The American government's unilateral quota deduction concerning textile imports from China seriously violates the Sino-US bilateral textile agreement, a spokeswoman with the Ministry of Foreign Trade and Economic Cooperation (MOFTEC) said Friday in Beijing. |
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US Criticized for Abandoning ABM Treaty
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| China repeated on Thursday its demand that the United States heed the opinions of other countries and exercise prudence on missile defence issues. |
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Foreign Tax Levies Maintained
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| China will continue to levy preferential taxes on foreign investors, as well as those from Hong Kong, Macao and Taiwan, following its accession to the World Trade Organization (WTO). A senior official with the State Economic and Trade Commission (SETC) said Thursday in Beijing the tax preferential policy has contributed to and will continue to play a large role in China's vibrant economic performance. |
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