Professional Documents
Culture Documents
www.citc.com.cn
F/6-8, Genertec Plaza, No. 90, Xisanhuan Zhonglu
Fengtai District, Beijing 100055, China
Tel: 86-10-63348383 Fax: 86-10-63373537
w w w.c h i n a d a i l y.co m .c n © 2007 China Daily All Rights Reserved
NATION
INBRIEF
BEIJING Bribe givers
New flight link
The General Adminis-
tration of Civil Aviation
of China announced on
Friday new daily flights
‘do not get
between Shanghai’s
Hongqiao and Tokyo’s
Haneda airports will
begin operations on Sep-
tember 29 to mark the
off lightly’
35th anniversary of the
normalization of Sino-
Government vows no let up
Japanese diplomatic
relations.
in campaign against corruption
NGO association By Xie Chuanjiao said that Chinese courts also
Beijing NGO Association handed down severe sentences
for International Ex- to “major” bribers whose activi-
changes announced on Senior judicial officials on Fri- ties resulted in “serious social
Friday its establishment day rejected claims that bribe- harm”.
with the participation of givers are granted undue leni- Small-time bribers, or those
42 Beijing-based NGOs. ency compared with those who dealing with small amounts of
The organization will receive bribes, saying that the money, are not dealt with as
specialize in promoting penalties are in line with the severely, Ni said.
exchange and coop- degree of social harm caused. Authorities need bribers’ as-
eration with its foreign Officials launched a broad- sistance to help prosecute those
counterparts in areas of side at foreign media reports, accepting bribes.
science, education, arts, adding that the giving and tak- “A majority number of brib- Friendship visit
culture, sports, health, ing of bribes “were two kinds ery cases cannot be carried out South Korean sailors prepare to dock their ship in Shanghai. Two South Korean naval vessels, with 617 crewmembers on board,
trade, environment of crimes with very different without evidence or testimony are paying a four-day visit to Shanghai. Xinhua
protection, women and characteristics”. from bribers,” Ni said.
youth issues, nation- While bribing and accept- In one recent major graft
alities, religions, and ing bribes are related illegal case, former Shanghai prop-
protection of human
rights.
activities, Chinese law at-
taches particular importance
to cracking down on those who
erty tycoon Zhou Zhengyi was
charged with misappropriation
of funds, bribery and forging
Mainland, HK beef up food quality ties
CPC appointment take bribes, as it is considered a VAT receipts.
The Communist Party “serious crime”, often involving Zhou was detained last Octo- By Zhu Zhe formation, updating of safety vegetables, 165,000 tons of Li said. But he acknowledged
of China (CPC) Central State officials. ber as prosecutors investigated standards and improvement of meat, 75,000 tons of aquatic that problems remain and that
Committee has appoint- The government has taken the Shanghai social security laboratory facilities. products, 850,000 live pigs, the two sides should intensify
ed Zhang Yunchuan as an uncompromising stance fund scandal involving 3.7 bil- The mainland will intensify co- “We’ve been attaching great 4.6 million live poultry and 50 cooperation to ensure that all
secretary of the CPC’s against bribery. Zheng Xiaoyu, lion yuan. operation with the Hong Kong importance to the safety of food million eggs to Hong Kong. exported food is safe.
Hebei Provincial Com- the former head of the State In early August, four prison government to further improve exported to Hong Kong,” Li told At the same time, the Hong Chow thanked the mainland
mittee. Food and Drug Administration, officials in Shanghai were food quality in the special ad- visiting Hong Kong Food and Kong Food and Environmental inspection and quarantine
Before the nomination, was executed on July 10 for ac- jailed for taking bribes and ministrative region, the coun- Health Secretary York Chow. Hygiene Department conducted departments for their efforts to
Zhang was minister cepting $850,000 in bribes. “providing preferential treat- try’s top quality control official Chow said Hong Kong two extensive studies of food prevent substandard products
in charge of the State The court also ruled Zheng ment” to Zhou during his said on Friday. imported 90 percent of its quality. These revealed that from reaching Hong Kong.
Commission of Sci- put people’s lives at risk by incarceration. Li Changjiang, minister of foodstuffs, with 60 percent 99.2 percent and 99.6 percent He also applauded the recent
ence, Technology and accepting bribes for approval- However, Ni proposed the the General Administration of of supplies coming from the of food on the local market was moves by the central govern-
Industry for National related favors. establishment of an official Quality Supervision, Inspec- mainland. up to standard. ment to improve food safety and
Defense. Supreme People’s Procura- blacklist of convicted bribers. tion and Quarantine, said that In the first seven months “The results show that the product quality, and pledged
torate spokesman Tong Jian- “Bribers found guilty should cooperation would focus on of this year, the mainland quality of our food exported to Hong Kong’s support for the
GUIZHOU ming said any official found not be allowed to return to the the increased exchange of in- exported 300,000 tons of fresh Hong Kong can be guaranteed,” campaign.
accepting bribes “must be dealt field of work they were previ-
Mine blast kills one with severely”. ously engaged in,” Ni said.
One person is dead and “The relatively lighter pen- Chen Guangzhong, a legal
five are missing after a
gas blast at a coal mine
in Southwest China’s
Guizhou Province on
alties to bribers and heavier
ones to the bribe takers has
been based on the different
degree of social harm caused
expert at the Chinese Uni-
versity of Politics and Law,
said the fight against graft
requires a comprehensive
‘Don’t turn safety into a trade issue’
Friday afternoon, local by each,” Tong said. property declaration system > HEADLINE, From Page 1 These latest moves follow Premier Wen Jiabao said woman of US Consumer Product
work safety officials “The position of the Supreme for State officials. a spate of safety scares over China would face the problems Safety Commission (CPSC), also
said. People’s Procuratorate is very Chen said the establishment made-in-China products. Re- squarely and make consistent warned on Wednesday against
An investigation into clear that we also strike hard of an open, strict property “As the world’s largest aquat- ports have revealed isolated efforts to improve product qual- turning a product safety issue
the cause of the accident at bribers as bribery has a very declaration system was still ic products exporter since 2002, cases of contaminated food ity. However, he also noted that with China into a trade issue.
is underway. harmful social impact.” far off in China, even though China needs such a regulation additives, unsafe toothpaste, China did not support media “I think it will be foolish to
He was echoed by Ni Shou- some Western countries had to offer a legal basis for the seafood and even toys, and hype and was against trade turn a safety issue into a trade
China Daily-Xinhua ming, a spokesman for the established such a system for inspection of such products,” sparked global concern over protectionism. issue,” she was quoted by Xin-
Supreme People’s Court, who people in public office. Liu said. Chinese products in general. Nancy Nord, acting chair- hua News Agency as saying.
Central
Meteorological
WEATHER
September 1-2
Observatory
www.tq121.com.cn
Taiwan’s bid for
TRAVELER’S FORECAST
HIGH/LOW TEMPERATURES, IN DEGREES CELSIUS AND
DEGREES FAHRENHEIT, AND EXPECTED CONDITIONS.
SUNNY DRIZZLE CLOUDY RAIN DUST SNOW OVERCAST STORM SHOWER THUNDER FOG
‘independence’
C.....................Cloudy
D.....................Drizzle
Sh.................Shower
S......................Sunny Sun
CHONGQING
Today 29/24
29/24
Today
Sun
XI’AN
29/19
31/22
QINGDAO
27/21
28/21
Today
Sun
DALIAN
28/21
27/21
CHANGCHUN
Today
Sun
28/16
25/17
HARBIN
28/16
23/17
condemned
Du......................Dust Sn.....................Snow
F...........................Fog St.....................Storm URUMQI UNITED NATIONS: China, in a flatly refused to include the
O.................Overcast T.......Thunderstorms Today 31/20 letter made public on Wednes- so-called issue of “Taiwan’s
R.........................Rain Sun 29/21 day night, strongly condemned participation in the United
an attempt by “very few” coun- Nations” on the agenda of the
SATURDAY SUNDAY tries to request the UN Gen- General Assembly, he said.
C F C F CHENGDU
Today 29/21 BEIJING
eral Assembly to consider the This has fully demonstrated
Changsha 28/23 82/73 D 27/22 80/71 R Sun 28/22 so-called question of “Taiwan’s the determination of the vast
Today 31/20
Dali 25/17 77/62 Sh 24/17 75/62 R Sun 28/20 application for United Nations number of UN member states to
membership.” safeguard the UN Charter and
Fuzhou 33/24 91/75 Sh 31/24 87/75 R LHASA
The letter from Chinese UN General Assembly Resolution
Today 19/9
Guiyang 24/20 75/68 T 22/18 71/64 R Sun 22/11
Ambassador Wang Guangya 2758, and also shows that the
SHANGHAI
to Secretary-General Ban Ki- Taiwan authorities will never
Hangzhou 30/25 86/77 T 28/24 82/75 O Today 28/25 moon was in response to one obtain international support
GUILIN Sun submitted earlier by a small in their attempt to split China
Hohhot 24/15 75/59 Sh 26/16 78/60 C 29/24
Today 33/25 group of countries including by raising the so-called issue of
Sun 28/24
Hefei 27/23 80/73 T 28/22 82/71 O the Solomon Islands to the “Taiwan’s participation in the
UN chief. United Nations”, Wang said.
Jinan 27/18 80/64 O 29/19 84/66 C
KUNMING These countries asked the China values its relations
Kashi 30/17 86/62 C 30/16 86/60 S Today 24/18 forthcoming session of the with all UN member states
Sun 23/18 General Assembly to consider and has never done anything
Lanzhou 25/14 77/57 S 23/15 73/59 C
“Taiwan’s ap- harmful to the
Lijiang 25/14 77/57 Sh 23/15 73/59 R GUANGZHOU plication for interests of
Today 34/27 United Nations The Chinese the co-sponsor
Nanjing 27/22 80/71 T 27/22 80/71 Sh Sun 34/27 membership.” government and countries, but
Nanning 33/25 91/77 C 32/25 89/77 C This is “a those coun-
HAIKOU WUHAN MACAO HONGKONG XIAMEN TAIPEI blatant attempt people strongly tries, on the
Nanchang 29/24 84/75 T 27/22 80/71 R
Today 33/25 Today 25/21 Today 31/26 Today 31/27 Today 32/25 Today 33/25 to clamor for condemn and firmly question of Tai-
Ningbo 32/27 89/80 C 30/23 86/73 T Sun 34/26 Sun 28/22 Sun 31/26 Sun 30/26 Sun 31/25 Sun 33/25 and create wan, have been
‘Taiwan inde- oppose such an act. repeatedly
Shijiazhuang 30/20 86/68 C 27/21 80/69 C pendence’” and WANG GUANGYA undermining
Suzhou 29/24 84/75 R 30/24 86/75 Sh Amsterdam 18/15 64/59 Sh 19/14 66/57 C New York 28/22 82/71 S 26/20 78/68 S
is “absolutely Chinese UN ambassador the national in-
preposterous”, terests of China
Shenzhen 33/26 91/78 C 31/26 87/78 C Bangkok 34/26 93/78 O 34/26 93/78 D Paris 24/11 75/51 C 24/11 75/51 C Wang said in and hurting the
Sanya 33/26 91/78 C 33/26 91/78 C Berlin 19/10 66/50 D 19/10 66/50 C Rome 26/18 78/64 S 26/16 78/60 S
the letter dated August 17. feelings of the Chinese people,
It “wantonly tramples on he said.
Shenyang 29/15 84/59 S 25/16 77/60 Sh Brussels 21/9 69/48 Sh 21/9 69/48 C San Francisco 25/17 77/62 S 25/17 77/62 S the purposes and principles” Their act has also gravely
Shantou 33/27 91/80 C 32/27 89/80 C Cairo 36/25 96/77 S 36/26 96/78 S Sao Paulo 24/16 75/60 C 20/14 68/57 O
of the UN Charter and General obstructed the work of the
Assembly Resolution 2758, General Assembly and wasted
Taiyuan 24/15 75/59 S 23/14 73/57 Sh Cape Town 18/14 64/57 Sh 18/11 64/51 C Singapore 30/25 86/77 Sh 30/25 86/77 Sh “seriously violates China’s the precious resources of the
Tianjin 30/21 86/69 C 29/22 84/71 O Geneva 20/8 68/46 S 20/8 68/46 S Stockholm 15/7 59/44 C 17/7 62/44
sovereignty and territorial United Nations and its member
Sh
integrity, gravely intervenes states, he said.
Xigaze 19/10 66/50 R 20/10 68/50 D Helsinki 14/4 57/39 Sh 14/4 57/39 Sh Sydney 17/9 62/48 S 24/10 75/50 S in China’s internal affairs and “We strongly urge those
Xining 23/8 73/46 C 20/10 68/50 S Karachi 35/29 95/84 S 36/29 96/84 Teheran 37/27 98/80 S 37/27 98/80
seriously hurts the feelings of countries to change their po-
C S
the 1.3 billion Chinese people,” sitions, strictly abide by” the
Yantai 27/21 80/69 C 27/21 80/69 S London 18/10 64/50 C 17/10 62/50 C Tokyo 26/24 78/75 Sh 26/23 78/73 O Wang said. UN Charter and General As-
Yichang 25/22 77/71 R 28/22 82/71 Sh Mexico City 21/13 69/55 R 22/13 71/55 Toronto 21/16 69/60 S 21/16 69/60
“The Chinese government sembly Resolution 2758, and
R S
and people strongly condemn “identify themselves with the
Yinchuan 27/15 80/59 S 27/16 80/60 S Moscow 13/8 55/46 C 14/8 57/46 Sh Vancouver 19/10 66/50 Sh 15/6 59/42 C and firmly oppose such an act,” great number of member states
Zhengzhou 27/18 80/64 O 28/18 82/64 C Wang said. on the Taiwan question”, Wang
Nairobi 23/14 73/57 Sh 21/14 69/57 Sh Vienna 16/13 60/55 Sh 16/13 60/55 C
Since 1993, the general com- added.
Zhuhai 32/26 89/78 C 31/26 87/78 T New Delhi 36/28 96/82 Sh 36/28 96/82 Sh Washington 26/22 78/71 S 26/20 78/68 S mittees of successive sessions
of the General Assembly have Xinhua
W E E K E N D
Govt vows to protect cosmetics, food, and electronic pabilities of law enforcement three tip-offs to police during result of the close cooperation. for job applicants.
Employee
Beijing
15 Huixin Dongjie,
Hong Kong
Rm 1818, Hing Wai Centre
Washington, DC
PMB 223 4401-A
A MEMBER OF
To give or not to give, rights at core
that is the question
Chaoyang District 7 Tin Wan Praya Road Connecticut Ave. NW,
Beijing 100029 P.R. China Aberdeen, Hong Kong Washington, DC 20008-2322
Tel: (86-10) 6499-5000 Tel: (852) 2518-5111 Tel: 1-202-558-6517
CHINA
Reining in demolition By Zhu Yuan
FORUM
stricken families both in rural and
urban areas, the motivations for
begging are far more complicated
RAYMOND ZHOU
o give or not to give alms to beggars, that is the than just surviving a famine or other financial straits
decision to amend the estate for the needs of public in-
T question. caused by an unexpected mishap. hen an expatriate manager
Dunhuang
reflects
director
Zhou Bing’s
understanding
of Dunhuang
in Northwest
China’s Gansu
Province.
File Photo
Luxury at
hand
Skin is in, and spangles
of bangles add pizzazz to Coach — Bleecker collection
File photos
this season’s handbags.
Chen Jie reports
Lancel leather, original top-stitching and zipped pockets. sall lining, a horse and carriage logo, jeans sporty look — or in buffalo skin in traditional
Premier Flirt Supple shoulder straps and padded handles make belt buckles and overall stylish, vintage black and platinum.
The French Flirt range proves a prime ex- for comfortable carrying. All the bags feature a texture, the Bleecker range redefi nes luxury
ample of Lancel’s expertise in leatherwork. It removable shoulder strap (textile or leather). from a truly American perspective. Classic Bau Bag
features a relaxed design that suits daily use silhouettes reinterpreted with a modern eye This is Emporio Armani’s latest Bauletto
and a style that matches today’s trends. This Ermenegildo Zegna epitomize this vintage inspired collection bag launched for autumn/winter 2007. Fash-
high-fashion line, with its distinctive feminine Heritage of lightweight leather handbags. The bag ioned from shining black crocodile skin, the
forms and its high identity, goes perfectly with Heritage is Ermenegildo Zegna’s super luxury also has a distinctly utilitarian sensibility bag is finished with hand-treated details
the season’s style. black leather collection for autumn/winter 2007. — roomy enough for any woman on the go. along the handle. It
The target customer is men of high status; he The platform is made in a burnished soft port a lso feat u res
City Bag likes clean-cut suits and works in a high power leather that has a relaxed feeling. bron ze zips
Feminine, profession. He is a man who appreciates finer a nd t he
fashionable and details and understated style with a touch of Thompson Collection eye-catch-
practical best class and luxury. This white-top-handle slim tote bag is the ing logo of
describes these The pinstripe lining and the stylish lock offers highlight piece of the Thompson Collection. Emporio
bags, with their a point of differentiation, setting the pieces apart Epitomizing an urban, chic vibe with an ar- Armani.
distinctive from the competition. The unique black cowhide tisan sensibility, the Thompson Collection is
interlocking exterior with an exclusive goat skin print, which an extension of Coach’s extremely successful,
rings and have been developed with a multidirectional luxury legacy line.
zips, won- print — it has been put under the mold twice Lancel —
Giorgio Armani derfully — which helps to catch the light better. Giorgio Armani City Bag
— Bau Bag soft Venus Bag
Trofeo It is the bag of the season from
Ermenegildo Zegna’s Trofeo collection is Giorgio Armani. Elongated
based on a functional business and travel and rectangular, it’s almost
collection. It features a grain leather aimed an evolution of the classic
specifically for the more casual-smart cli- doctor’s bag. It’s finished
entele. The ease of the material makes it with hand-threaded
desirable for gentleman on the go, and the details along the sides,
grain leather makes it carefree and very a two-way zip with
sustainable. a padlock, handles
The tumbled leather is terrific to touch, very adorned with saddle-
durable and resistant, and adds a nice contrast style hand stitching
of smooth black leather on the trims. and is lined in baby
boar skin. It’s available
Coach in blue lacquered python
Bleecker Collection skin, croc-print calf skin
This patchwork leather duffel is a bag — soft split-leather finished
among the Bleecker range. With is Tratter- in croc print to emphasize the
INBRIEF Hongshi
Share sale
BOE Technology Group
Co, China’s biggest maker
Puguang could beat estimate cements
of liquid-crystal display NDRC: Sinopec gasfield may be The pipeline will have an “Of course, if more reserves Region, has proven reserves of
panels, may raise as
much as 6 billion yuan richer than previously thought
annual capacity of 12 bcm and
will cost 62.7 billion yuan.
are located in the region,
perhaps one pipeline won’t be
533.6 bcm.
With five sub-pipelines,
US deal
selling new shares to Chen Deming, vice-minister enough (to transport gas to the 1700-km Sichuan-East
build a production line of the NDRC, said that to other parts of the country),” China pipeline is designed to CONSTRUCTION
and repay debt. The By Wang Yu bcm by the end of the year, make full use of the pipeline’s Chen said. He indicated feed gas to Sichuan, Hubei,
company will sell as the National Development and capacity, Puguang’s reserves that the reser ve potential Jiangxi, Anhui, Jiangsu and By Wang Lan
many as 850 million Reform Commission (NDRC) should be further explored so of the whole region around Zhejiang provinces, Chongqing
shares to 10 investors, China’s top economic planner said on Friday. that it yields 600 bcm of natural Puguang is beyond the municipality and ultimately
according to a statement said on Friday that the country’s But further exploration could gas in the next few years. current estimate. Shanghai, said Cao Yaofeng, SHANGHAI: Privately
on Friday. second-largest gasfield could see Puguang’s proven reserves Chen told China Daily that Puguang in Sichuan had vice-president of Sinopec owned Hongshi Cement
boast more reserves of natural hit 550 to 580 bcm by 2008, the the gasfield’s current proven estimated exploitable reserves Group. Holding Group reached an
Fleet boost gas than previously thought. NDRC said. reserves were not enough of 356 bcm as of 2006, making Wide use of natural gas agreement with Goldman
Shanghai Airlines Co Sinopec’s Puguang Gasfield The commission on Friday to support a second pipeline it the country’s second- is a crucial step for China Sachs on Thursday to sell up
plans to order five Airbus will yield an estimated 100 launched construction of from Sichuan to South China’s largest gasfield, according to optimize its energy to 25 percent, or 600 million
SAS A321s to help fend billion cubic meters (bcm) in the long-awaited pipeline to Guangdong Province. Sinopec to the Ministry of Land consumption, enhance energy yuan, of its shares to the US
off competition from proven reserves of natural gas transport Sinopec’s Puguang is rumored to be planning to and Resources. The largest, efficiency and protect the investment bank.
China Eastern Airlines this year, bolstering its total gas from Sichuan Province to pipe Puguang’s natural gas to the Sulige Gasfield in the environment, said Chen from Ni Yuehui, a senior executive
Corp and Air China Ltd. reserve figure to about 450 the eastern part of the country. Guangdong as well. Inner Mongolia Autonomous the NDRC. at Hongshi Group, said on
The transaction, worth Friday that the transaction is
about $370 million at part of the company’s plan to
catalog prices, raises seek a mainland listing. But
Shanghai Airlines’ total
backlog for the aircraft
type to 10, the carrier
Record he said the timetable for the
proposed initial public offering
is yet to be decided.
said in a Shanghai Stock
Exchange statement on
Friday.
high for A market listing would help
the company raise new capital
to fund future development, he
said, without giving details of
Scenic exhibition
An exhibition on China’s
HK index the business plan.
Goldman Sachs, a full-service
scenic spots opens on investment banking and
Saturday at the National MARKET securities firm headquartered
Agricultural Exhibition in the US, declined to comment
Center in Beijing. By Lillian Liu on Friday.
The three-day expo Zhejiang-based Hongshi
showcases 187 scenic Group is the second-largest
spots that represent the HONG KONG: The benchmark cement company and the
country’s natural and Hang Seng Index closed at sixth-largest cement clinker
cultural heritage, and 30 a record high of 23984.14 producer in the province. Its
areas listed as natural points on Friday, supported annual production capacity
and cultural heritage by strong gains on other Asian has expanded from 1 million
sites. markets, as a weaker yen lifted tons to 16.5 million tons since
sentiment. it was established in 2002.
New models The Hang Seng Index was up With total assets of 3.6
China Unicom Ltd, the 499.6 points, or 2.13 percent, billion yuan, Hongshi controls
nation’s second-largest after hitting a new intra-day subsidiaries in provinces
mobile carrier, has high of 24089. including Zhejiang, Jiangxi
launched 72 mobile The Shanghai Composite and Fujian.
phone models with stock Index rose 0.99 percent to Industry analysts said the
trading functions, trying close at a record high of 5218.83 deal between Hongshi and
to woo subscribers from points. Goldman Sachs shows that
the increasing number of Asian stocks rallied on the country’s booming cement
investors in the nation’s anticipation the US government industry has got the attention of
booming stock market. would offer help to homeowners Hong Kong’s Hang Seng Index rose 2.13 percent to close at a record high of 23984.14 points on Friday. Edmond Tang foreign investors. The aggregate
A total of 20 handset with subprime mortgages, to output of the cement industry
makers such as Samsung, ease fears credit woes will affect stock performance will remain impact than other markets in Market sentiment in Hong rally, with the 41-stock China in China is expected to reach
Motorola and Nokia, the broader global economy. upbeat next week depends on Asia, because it is relatively Kong remains optimistic in Enterprises Index gaining 401 1.2 billion tons, according to
have joined with China Analysts said that even if the next policy move from the stronger thanks to the robust anticipation of big inflows from points, or 2.9 percent, to 14338 the National Development and
Unicom to provide the the US government releases a US,” said Louise Wong, director growth of Hong Kong-listed the mainland, even though the points. Reform Commission.
cell phones, which policy that’s not favorable to of Phillip Asset Management, a mainland companies,” said central government may delay Other key sub-indices also Aggregate profits of the
display real-time stock the market, Hong Kong will be securities consulting fi rm in Wong, adding that H-share its pilot program to allow rose. The property index was cement industry increased
information and enable less affected than other Asian Hong Kong. companies have so far reported individual mainland investors up 722.9 points, or 2.7 percent, 204.83 percent in 2006 from
mobile stock trading. markets. “But even if the policy is better-than-expected results for to buy shares in the city. at 27256.9, while the finance the previous year, according
“Investor sentiment was not favorable for the markets, the first half of this year, which Mainland shares listed index rose 643.5 points, or 1.8 to the National Bureau of
Coal expo boosted today, but whether the Hong Kong will feel less of an has boosted market sentiment. in Hong Kong led Friday’s percent, to 36685.8. Statistics.
The Sixth International
Coal and Mining Expo
opens on Saturday in
Yulin, in Northwest
China’s Shaanxi
Province. More than 200
Chinalco pursues Regulator tackles small firm financing
firms from 19 provinces,
municipalities and
autonomous regions in
copper, titanium FINANCE general office, at a press briefing
in Guangzhou on Friday.
and regulations on loans to
small businesses, and mapping
of new vacancies since the
beginning of the 1990s.
China will take part By Zhan Lisheng “But they are still in a out new policies that reward “Small firms generally do
in the three-day event, METALS now accounts for less than 10 weaker position in terms of banks which give credit to not meet credit standards set
displaying technology percent of its income, could access to bank loans compared small firms. for large and medium-sized
and products. By Chen Jialu become a major revenue earner GUANGZHOU: The China with large and medium-sized “Improving financial services enterprises; however, randomly
for the company. Banking Regulatory enterprises, especially the to small businesses and offering lowering credit standards creates
Diesel engine plant The acquisition of Peru Commission (CBRC) said on State-owned ones,” he said. more tailored financial products risk for commercial banks,”
US machinery company Aluminum Corp of China Copper and Yunnan Copper Friday it is taking steps to give Liao said the CBRC has joined will be a win-win for both the he said. “Banking institutions
Caterpillar said it (Chinalco), the nation’s largest would give Chinalco total small business better access with the National Development small firms and the banks.” need to find a balance between
will build a small and aluminum and alumina copper reserves of about 20 to loans. and Reform Commission to Small businesses contribute risk and profit.”
medium diesel engine producer, said on Friday it is million tons — more than “Small business is playing abolish rules and remove over one-third of China’s gross Liao said that the CBRC has
plant in Wuxi in East actively pursuing opportunities Jiangxi Copper, the mainland’s an increasingly important obstacles restricting small domestic product annually and done much to help the nation’s
China’s Jiangsu Province. to expand into other metals biggest producer. role in the nation’s economic businesses from applying to have created jobs for 75 percent commercial banks set up
The company has signed including copper and titanium. Chinalco and British development,” said Liao Min, commercial banks for credit. of the urban population and comparatively independent
a memorandum of Chinalco has earmarked company Aricom, which owns deputy director of the CBRC’s It is also improving policies been responsible for 90 percent credit processes.
understanding with the 30 billion yuan to fund its a titanium mine in Russia, have
Wuxi National Hi-Tech expansion into copper and is also struck a deal to co-invest
Industrial Development in talks to develop mines and 2.2 billion yuan in a titanium
Zone, outlining a
significant multi-year
investment to develop
projects in Russia, Mongolia,
Indonesia and Fiji, a company
source said on Friday.
project in Jiamusi, in Northeast
China’s Heilongjiang Province.
The project will have an initial
Auto parts company boosts Qingdao plant
and manufacture Perkins Lu Yongqing, the company’s output of 15,000 tons and is
and Caterpillar brand vice-president, said on Friday expected to begin operation in MANUFACTURING said Liu Liang, its Asia-Pacific over the past few years, while commercial vehicles every
engines. that Chinalco will focus on 2009. Its output is expected to president. The Qingdao factory its growth rate in global year — more than either
copper mine exploration and reach 30,000 tons after second- By Miao Xiaojuan was established in 2004 with markets was about 8 percent Europe or North America.
Airport logistics deal high-end copper product phase construction. an initial investment of $16 a year. For the Asia-Pacific WABCO’s market share of
Siemens Industrial manufacturing. Chinalco’s listed unit Chalco million. The company entered region, sales grew at an anti-lock braking systems
Solutions and Services “Metal companies that is publicly traded in Hong SHANGHAI: Brussels-based the China market in 1996 with average 12 percent. (ABS) in China has been
China Airport Logistics depend on a single metal Kong, New York and Shanghai. Westinghouse Air Brake Co a joint venture in Jinan, also in WA BCO is a globa l maintained at 60 to 70 percent
has signed an agreement cannot secure a sustainable Chinalco posted a first-half (WABCO) has more than Shandong. manufacturer of electronic in the past couple of years,
with Chengde Conveyor competitive advantage,” Lu sales increase of 36.2 percent on doubled its investment “China is one of our key bra k i ng systems, Liu said. WABCO has been a
Group Co Ltd, under said. Friday from a year earlier, and in its Qingdao factory to engines for global expansion, computer ized stabilizers, pioneer in the development
which the Siemens unit Chinalco has completed 10.8 percent net profit growth, meet projected demand for and we are speeding up our suspension and transmission of ABS in cooperation with
will localize baggage an $860 million takeover of buoyed by a series of takeovers automotive parts, mainly for efforts to follow the Chinese cont rol systems for DaimlerChrysler since 1981.
transfer equipment for Peru Copper and plans to buy that boosted capacity. heavy-duty vehicles. market’s fast development,” commercial vehicles. Liu predicted the demand
the Chinese market. a 49 percent stake in Yunnan The company notched up WABCO has invested said Liu. China is the largest single and yield of commercial cars
The deal aims to provide Copper Group. 105.5 billion yuan in sales $19 million to expand its WABCO’s sales in China market for WABCO, Liu said. in China will rocket with next
a diversified airport Xiao Yaqing, Chinalco’s income and 22.5 billion yuan manufacturing facilities in have maintained an annual The nation produces more year’s Beijing Olympics and the
logistics system tailored president, said copper, which in net profit last year. Shandong Province’s Qingdao, average growth of 50 percent than 600,000 heavy-duty 2010 World Expo.
to local customers’ needs.
Interim results
Almost all companies
listed on China’s two stock
exchanges have released
their interim reports for
Trademark body sued in latest Wahaha-Danone twist
this year, with combined
net profits up 70.78 LAWSUIT Bureau over what it claims of applications to transfer Danone, the world’s largest divided on the validity of brand in 1996 and 1997.
percent year-on-year to was “improper administrative the Wahaha brand from the yogurt maker, signed an the agreement after Wahaha Wahaha claims Danone was
319.1 billion yuan for the By Wang Zhenghua behavior” in 1996 and 1997. Chinese company to the joint agreement with Wahaha in 1996 Group opposed an acquisition aware of the situation and that
first half. China Securities Hangzhou Wahaha Foods is ventures because it did not that required the transfer of the proposal from Danone to take the two sides had joined forces
Journal reported on Friday 51 percent-owned by French issue a written notice or give Wahaha brand from the Chinese 51 percent of non-joint ventures to get around the rules.
that 1,471 of the 1,503 SHANGHAI: The legal food giant Danone Groupe a reason for its decisions at the company to the joint ventures. set up by the Chinese side. Danone initially said Wahaha
listed companies realized wrangle between Danone and SA, with the rest controlled by time. The court has accepted Under the contract, the Zong Qinghou, founder of had not applied properly for the
468.7 billion yuan in Wahaha has spread beyond the China’s largest drinks producer the case. Chinese company was barred Wahaha Group, claims the transfer of the brand, for which
gross profits in the first two companies to the nation’s Wahaha Group. A spokesman with the from making products that transfer was not properly Danone paid Wahaha Group 100
six months, up 66.78 trademark authority. The Beijing No 1 Intermediate trademark bureau said on compete with those produced approved by the authorities, million yuan.
percent. Hangzhou Wahaha Foods Co, People’s Court told China Daily Friday that it has yet to be by the joint ventures, or from citing a reply from the State
one of five joint ventures set up on Friday that Wahaha Foods notified of the legal action by using the Wahaha brand Trademark Bureau, which To comment or alert us to a story,
Agencies-China Daily by the two firms, has sued the has demanded the trademark the court. Danone declined to without Danone’s consent. twice rejected applications for e-mail business@chinadaily.com.cn
Beijing-based State Trademark bureau rescind its rejection comment on the matter. But the two parties are the transfer of the Wahaha
W E E K E N D
SPORTS
Tel: 86-10-63373598
Fax: 86-10-63373599
www.chinaitc.com.cn
www.chinaitc.cn
F9, 10, 11, Genertec Plaza, No. 90, Xisanhuan Zhonglu
Fengtai District, Beijing 100055, China
12 SEPTEMBER 1— 2, 2007
SCOREBOARD
BASEBALL Rapid Vienna (AUT) 5 Dinamo Tbilissi (GEO) 0 CSKA Sofia (BUL) 2 Omonia Nicosie (CYP) 1 Helsingborgs IF win 4-1 on aggregate bt Bethanie Mattek (USA) 6-1, 6-1; Sania dasco (ESP) bt Gilles Simon (FRA) 6-0, 6-4,
NEW YORK: Results from Thursday’s MLB Rapid Vienna win 8-0 on aggregate CSKA Sofia win 3-2 on aggregate BK H?cken (SWE) 1 Dunfermline (SCO) 0 Mirza (IND x26) bt Laura Granville (USA) 6-3; Tomas Berdych (CZE x9) bt Simone
games (home team in CAPS): Blackburn Rovers (ENG) 2 Myllykosken Hamburg (GER) 4 Honved Budapest (HUN) 0 BK H?cken win 2-1 on aggregate 6-3, 7-5; Svetlana Kuznetsova (RUS x4) bt Bolelli (ITA) 7-5, 6-3, 6-3; Andy Murray
NY YANKEES 5 Boston 0 Pallo-47 (FIN) 0 Hamburg win 4-0 on aggregate Vojvodina (SRB) 1 Atletico Madrid (ESP) 2 Camille Pin (FRA) 6-3, 4-6, 6-0; Anabel (GBR x19) bt Jonas Bjorkman (SWE) 5-7,
PHILADELPHIA 11 NY Mets 10 Blackburn Rovers win 3-0 on aggregate FK Suduva (LTU) 3 Brann Bergen (NOR) 4 Atletico Madrid win 5-1 on aggregate Medina Garrigues (ESP x31) bt Lourdes 6-3, 6-1, 4-6, 6-1; Lee Hyung-Taik (KOR) bt
HOUSTON 2 St. Louis 1 Litex Lovech (BUL) 3 Besa (ALB) 0 Brann Bergen win 6-4 on aggregate Belchatow (POL) 2 Dniepr Dniepropetrovsk Dominguez Lino (ESP) 7-5, 6-2; Tamira Guillermo Canas (ARG x14) 7-5, 7-5, 6-3;
Detroit 6 KANSAS CITY 1 Litex Lovech win 6-0 on aggregate Anorthosis Famagusta (CYP) 0 Cluj (ROM) 0 (UKR) 4 Paszek (AUT) bt Francesca Schiavone (ITA Andy Roddick (USA x5) bt Jose Acasuso
Tampa Bay 8 BALTIMORE 6 Zenit Saint-Petersburg (RUS) 3 Zlaté Anorthosis Famagusta win 3-1 on aggregate Dniepr Dniepropetrovsk win 5-3 on aggregate x24) 6-3, 7-5; Patty Schnyder (SUI x11) bt (ARG) 4-6, 6-1, 6-2, retired; Sebastien Gros-
Cincinnati 5 PITTSBURGH 4 Moravce (SVK) 0 Otelul Galati (ROM) 0 Lokomotiv Sofia (BUL) 0 Sampdoria (ITA) 1 Hajduk Split (CRO) 1 Severine Bremond (FRA) 6-3, 6-0; Julia jean (FRA) bt Max Mirnyi (BLR) 6-4, 6-7
CLEVELAND 6 Seattle 5 Zenit Saint-Petersburg win 5-0 on aggregate Otelul Galati win 3-1 on aggregate Sampdoria win 2-1 on aggregate Vakulenko (UKR) bt Jelena Kostanic Tosic (6/8), 6-4, 6-3; Nicolas Almagro (ESP x28)
CHICAGO CUBS 5 Milwaukee 4 Valerenga IF (NOR) 6 FK Ekranas (LTU) 0 Lens (FRA) 5 Young Boys Berne (SUI) 1 Hapoel Tel-Aviv (ISR) 3 Siroki Brijeg (BIH) 0 (CRO) 6-2, 6-1; Martina Hingis (SUI x16) bt bt Luis Horna (PER) 6-4, 6-1, 2-1 retired;
TEXAS 5 Chicago White Sox 1 Valerenga IF win 7-1 on aggregate Lens win 6-2 on aggregate Hapoel Tel-Aviv win 6-0 on aggregate Pauline Parmentier (FRA) 6-2, 7-5; Victoria Feliciano Lopez (ESP) bt Igor Andreev
Arizona 8 SAN DIEGO 7 FC Sion (SUI) 3 Ried (AUT) 0 NK Zrinjski (BIH) 1 FK Rabotnicki (MKD) 2 Galatasaray (TUR) 2 Slaven Koprivnica Azarenka (BLR) bt Dominika Cibulkova (RUS) 6-7 (3/7), 7-5, 3-6, 6-4, 7-6 (7/5);
FC Sion win 4-1 on aggregate FK Rabotnicki win 2-1 on aggregate (CRO) 1 (SVK) 6-2, 6-2; Nadia Petrova (RUS x7) bt Nikolay Davydenko (RUS x4) bt Nicolas
SOCCER Aalborg BK (DEN) 3 HJK Helsinki (FIN) 0 Standard Liege (BEL) 1 Kaerjeng 97 (LUX) 0 Galatasaray win 4-2 on aggregate Anastasia Rodionova (RUS) 7-5, 6-1; Maria Kiefer (GER) 6-2, 6-2, 6-2; Thomas Johans-
UEFA Cup Aalborg BK win 4-2 on aggregate Standard Liege win 4-0 on aggregate - winners qualify for the 1st round proper Kirilenko (RUS) bt Katarina Srebotnik (SLO son (SWE) bt Arnaud Clement (FRA) 6-4,
PARIS: Results from Thursday’s UEFA FC Midtjylland (DEN) 5 FC Haka (FIN) 2 Fredrikstad FK (NOR) 1 Hammarby (SWE) 1 (ties to be played on Sept 20 and Oct 4). x22) 6-4, 6-3; Nicole Vaidisova (CZE x13) bt 7-6 (7/4), 6-7 (9/11), 7-6 (7/1); Tommy Haas
Cup second preliminary round, second leg FC Midtjylland win 7-3 on aggregate Hammarby win 3-2 on aggregate Draw takes place on Friday. Flavia Pennetta (ITA) 6-2, 7-6 (7/0); Agnes (GER x10) bt Philipp Petzschner (GER)
games: Odense BK (DEN) 4 FC Dinamo Minsk (BLR) 0 Mattersburg (AUT) 0 FC Basel (SUI) 4 Szavay (HUN) vs Michaella Krajicek (NED 4-6, 6-3, 6-2, 7-5; Stefan Koubek (AUT) bt
Odense BK win 5-1 on aggregate FC Basel win 6-1 on aggregate TENNIS x32) 7-6 (7/4), 6-3; Agnieszka Radwanska Michael Llodra (FRA) 6-1, 6-3, 6-3; James
Groclin Grodzisk Wielkopolski (POL) 2
Tobol Kostanay (KAZ) 0 Kayseri Erciyesspor (TUR) 3 Maccabi Tel- FK Jablonec (CZE) 1 Austria Vienna (AUT) 1 US Open (POL x30) bt Virginie Razzano (FRA) 6-2, Blake (USA x6) bt Fabrice Santoro (FRA)
Groclin Grodzisk Wielkopolski win 3-0 on Aviv FC (ISR) 1 Austria Vienna win 5-4 on aggregate NEW YORK: US Open results on Thursday 6-3; Maria Sharapova (RUS x2) bt Casey 6-4, 3-6, 6-2, 4-6, 6-4.
aggregate Kayseri Erciyesspor win 4-2 on aggregate Maccabi Netanya (ISR) 0 Leiria (POR) 1 (x denotes seed): Dellacqua (AUS) 6-1, 6-0.
FC Artmedia Petrzalka (SVK) 2 FC MIKA AIK Solna (SWE) 2 SK Liepajas Metalurgs Leiria win 1-0 on aggregate Women’s singles 2nd rd Men’s singles 2nd rd
(LAT) 0 Anna Chakvetadze (RUS x6) bt Nicole Donald Young (USA) bt Richard Gasquet To comment or alert us to a story,
(ARM) 0 Helsingborgs IF (SWE) 3 Drogheda United e-mail sport@chinadaily.com.cn
FC Artmedia Petrzalka win 3-2 on aggregate AIK Solna win 4-3 on aggregate (IRL) 0 Pratt (AUS) 6-3, 6-4; Shahar Peer (ISR x18) (FRA x13) walkover, illness; Fernando Ver-