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BEIJING, Jan. 16 (Xinhua) -- Chinese Premier Wen Jiabao Saturday stressed food and heating supply as cold snap has driven up vegetable prices and strained coal and gas supplies in north China.     Wen urged local government to pay attention to the produce, transport and storage of vegetables when visiting a produce wholesale market in the suburbs of Beijing.     "Only when food supply is enough and the prices are stable, will people feel at ease," said Wen. Chinese Premier Wen Jiabao, who is also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, talks with local residents at a supermarket during his inspection in Beijing, Jan. 16, 2010.    Accompanied by Beijing's Party chief Liu Qi, Wen also went to a heating plant in Fengtai District and inquired about emergency response heating plan in case of extremely cold weather.     He asked local officials to secure the power, gas and coal supply to Beijing and said that energy supply should follow the principle of civil use first and industrial use second.     Wen also visited several ordinary Beijing families, who just moved into new houses with government subsidy.     Beijing municipal government has rebuilt and repaired nearly 500,000-square-meter old houses for 23,000 households.     The municipal government planed to solve housing problems for about 280,000 low-income families in three years.

BEIJING, Feb. 22 -- China's stock markets are likely to be fully open to foreign investors within 15 years, according to a leading investment expert.Direct foreign dealing in Chinese stocks is currently restricted through the government's Qualified Foreign Institutional Investor (QFII) scheme.The current annual quota for overseas funds is just billion, a small fraction of the total investment in China's main exchanges in Shanghai and Shenzhen.Stuart Leckie, chairman of Stirling Finance, a leading Hong Kong-based pensions investment adviser, said all restrictions could be off by 2025."All financial institutions will then be able to invest in the stock markets on the Chinese mainland, just as they do in Hong Kong, Japan or any other market," he said."It is 30 years since China's opening up and it will take half as long again for this to happen."He said the Chinese mainland would gradually lift barriers in the same way Taiwan and India have done in recent years.Leckie, author of the book, 'Pensions in China', and who was speaking at the Trade Tech 2010 Investment Conference, was bullish about the outlook for the Chinese market.He said the Shanghai Composite Index could double within the next three years and that it was a matter of if, not when, it returned to its all-time high of 6,124 in October 2007."I am sure the index will double over the next five years but there is a chance it will double in the next three years," he said.Other speakers at the conference were also optimistic about the outlook for investors in Chinese stocks. Michael Wang, head of dealing at the China International Fund Management said the Chinese market was full of opportunities."It is a golden opportunity to invest in China. Blue chip companies are still very cheap," he said. "In the medium term there might be some correction but we won't go back to 2006 levels (when the market was just over the 1,000 level)."Kent Rossiter, head of trading, Asia Pacific, for fund manager RCM, based in Hong Kong and which is part of the Allianz Group, was also confident. "I am really bullish about opportunities. I am worried about volatility, however," he said.Rossiter said some of the volatility was down to the inexperience and lack of competence of some professional investors in the Chinese market."The market needs to develop," he said. "Professional investors need to improve their performances. They have too much of the same mentality as the man on the street in that they just like to buy and sell without taking any view."Leckie added that the Chinese market was not about to repeat the experience of the Nikkei Dow in Japan."China is not about to become another Japan with the level of the index standing at a quarter of what it was 20 years ago."He was not concerned about the poor start to the Chinese markets in 2010 with the major index losing 8 per cent of its value in January and falling through the 3,000 barrier. It increased by 80 per cent in 2009. "Obviously China has got off to a weak start. It was the second worst performing market internationally in January after being the best performing in 2009. It is just living up to its reputation as a volatile index."He said he expected the market, however, to rise by up to 15 per cent in 2010 to a value somewhere between 3,600 and 3,800 from its January 1 level of 3,277. "I think this January decline is overdone."

HONG KONG, Feb. 15 (Xinhua) -- Over 20,000 people gathered on both sides of Hong Kong's Victoria Harbor to watch a 23-minute firework show Monday evening, as the city is unwrapping various festive activities to celebrate the year of the Tiger.The show began at 8 pm local time (1200 GMT) despite heavy fog and light showers.Spectators cheered and shouted as the Arabic number "eight" appeared in the sky, followed by patterns resembling fish. Fireworks designers explained that the number eight shares the same pronunciation with the word "Fa" which means striking gold while the word "fish" sounds the same with "surplus" in Cantonese.For Hong Kong residents who tend to believe that lucky signs and lucky-sounding words do actually bring in luck, they are delighted at the show, which also include patters similar to the shape of the Chinese traditional gold ingot and red Chinese character "Ji" which means auspiciousness.The Lunar New Year firework show has become an annual event since it lit up the sky above the Victoria Harbor for the first time during the Lunar New Year in 1982.Sponsors of the event said this year's extravaganza costs more that 3 million HK dollars (about 400,000 U.S. dollars ), but they insist the expenditure worthwhile as it brings laughter and joy to Hong Kong citizens at the begining of a new year.

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BEIJING, March 7 (Xinhua) -- Drought had affected 61.31 million Mu (4.09 million hectares) of farmland in southwestern China as of March 5, according to the latest figure from the Ministry of Agriculture (MOA).About half of the affected, or 32.95 million Mu (2.20 million hectares), was seriously damaged, according to the MOA.The affected acreage was in Yunnan Province, Guangxi Zhuang Autonomous Region, Guizhou Province, Sichuan Province and Chongqing Municipality.The areas contributed to about 16 percent of the country's annual grain output, and thus were important to the country's overall grain output, according to the MOA.

UNITED NATIONS, Jan. 27 (Xinhua) -- China's UN Ambassador Zhang Yesui on Wednesday called on concerned parties to create " favorable conditions" for an early resumption of Palestinian- Israeli peace talks.Addressing the Security Council in an open debate, Zhang, the council president for January, said that China remains "deeply concerned over the stalemate in the Middle East peace process and the bleak prospects for resumption of the peace talks.""We hope the parties concerned will strengthen their belief in the peace talks,overcome the difficulties and interruptions, create favorable conditions for an early resumption of the peace talks, and avoid acts that may erode the mutual trust or prejudge the outcome of the negotiations," he said.Zhang urged Israel to freeze all settlements activity and cease the building of separation walls."We urge Israel to open all the border crossings to Gaza, and ensure that the region achieves reconstruction as soon as possible and its people return to normal life," he said.Zhang also emphasized the importance of Palestine's internal reconciliation, voicing hope that all factions "bear in mind the long-term interests of the nation and work together to strive for the Middle East peace process."He also urged the international community to "redouble its efforts to push for all parties to build the momentum for negotiations and inject new impetus into the peace process."

BEIJING, March 22 (Xinhua) -- Chinese Premier Wen Jiabao said here Monday that an upcoming high-level political and economic dialogue would be "very important" for China and the United States to solve problems the two countries have regarding trade and currency.The second round of the China-U.S. Strategic and Economic Dialogue, slated for May in Beijing, "will be a chance for China and the United States to settle disputes and problems," Wen told a group of overseas entrepreneurs attending a two-day forum in Beijing."We attached great importance to the dialogue," he added. Chinese Premier Wen Jiabao (R) meets with foreign delegates attending the two-day China Development Forum 2010, in Beijing, China, March 22, 2010Wen's remarks came as the U.S. is pressing China to appreciate the yuan and limiting Chinese products from entering its market by raising trade barriers."The China-U.S. relationship is of great importance," Wen said, noting it concerns the fundamental interests of the two peoples, and its significance goes further than that.Highlighting trade ties of overall bilateral relations, Wen said he believes some existing differences and problems could be solved through fair consultation."Looking back, the disputes and differences between China and the United States have been settled one by one, leading to an increasingly close political and economic relationship," said the premier.He said China welcomes American enterprises to explore business in China, and would expand imports from the United States in the future.The China Development Forum, with a theme of "China and the World Economy: Growth, Restructuring and Cooperation", drew over 200 foreign executives from prominent transnationals including Ford, Rio Tinto and Royal Dutch Shell.In response to a question from Chairman of the Morgan Stanley Asia Stephen Roach concerning emerging trade disputes and protectionism, Premier Wen urged all countries and companies not to start trade and currency wars, which would be harmful to the recovery of world economy."We are happy that the world economy shows good signs of recovery, however, some factors make us feel that the recovery will not be so smooth," he said, referring to high unemployment in some big economies, unstable prices of bulk products and inflation.The premier called on people around the world to stay cool-headed at a time when world economy starts to resume. He said China promises not to pursue trade surplus and wants to enlarge the country's imports.He said China's future economic growth relies on technology development, in particular, high technology such as life and biological technologies.As for China's emission cut plan, Premier Wen stressed China regards its energy conservation and emission cut as an important strategy throughout the 11th and 12th five-year plan as well as its future development."We will implement our goal of 40-45 percent reduction of carbon intensity by 2020 in the 12th five-year plan," he said.Concerning China's capital market reform, Wen acknowledged that some problems still exists in the management and monitoring of the financial sector, adding China is determined to establish an "integrated, sound and sustainable" financial system.China would combine direct and indirect financing to expand the role of the capital market, he said. Chinese Premier Wen Jiabao (C) walks with foreign delegates attending the two-day China Development Forum 2010 before their meeting in Beijing, China, March 22, 2010

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URUMUQI, March 12 (Xinhua) -- A severe sandstorm hit Xinjiang's Hotan Prefecture in northwest China on Friday, reducing visibility to zero in some areas, local meteorological observatory said.The fierce sandstorm swept through the prefecture from west to east in the morning, said a spokesman with Hotan's meteorological observatory.The sandstorm, though reducing in severity, would continue to plague the area till March 16, leading to a temperature drop of 5 to 8 degrees Celsius, he added.The sandstorm had affected local traffic and agriculture, according to a statement from the Hotan government.

BEIJING, Jan. 27 (Xinhua) -- Both output and sales values of China's machinery industry exceeded 10 trillion yuan (1.46 trillion U.S. dollars) last year, the China Machinery Industry Federation (CMIF) said here Wednesday.Output value reached 10.75 trillion yuan in 2009, up 16.07 percent from the year earlier. Sales value was 10.48 trillion yuan, up 16.11 percent,said Wang Ruixiang, the CMIF director.From January to November last year, the sector's profits reached 581.6 billion yuan, up 22.8 percent year on year.The auto sector was the "engine" that drove the overall growth of the industry last year, said Wang, adding nearly 30 percent of output value of the machinery industry was generated by automakers.Wang predicted the machinery sector would reach a 15 percent growth in output and sales values this year, with profits likely to grow 10 percent.

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KHARTOUM, March 3 (Xinhua) -- Chinese Special Envoy to Darfur, Liu Guijin, on Wednesday reiterated his country's support to the ongoing efforts to find a peaceful settlement to the Darfur crisis. "China believes in the importance of finding a comprehensive and lasting peace agreement on the Darfur issue, and encouraging the conflicting parties to achieve a comprehensive peace and resolve the root-causes of conflicts in the region," Liu told reporters after his meeting with Sudanese President Omar al-Bashir.Visiting Chinese Special Envoy to Darfur Liu Guijin speaks at a press conference after meeting with Sudanese President Omar al-Bashir in Khartoum, capital of Sudan, March 3, 2010. Liu Guijin on Wednesday reiterated China's support to the ongoing efforts to find a peaceful settlement to the Darfur crisis. He expressed China's support for the peace process in Darfur, saying "China supports the normalization of Sudan-Chad relations, the framework agreement recently signed between the Sudanese government and the Justice and Equality Movement (JEM) and the negotiations between the government and all the Darfur factions."In the meantime, Liu expressed China's confidence in Sudan's ability to organize free and credible elections, saying "China has provided a financial support for the electoral process in Sudan." Sudanese President Omar al-Bashir (R) meets with Chinese Special Envoy to Darfur Liu Guijin (2nd L) as Chinese Ambassador to Sudan Li Chengwen (1st L) looks on in Khartoum, capital of Sudan, March 3, 2010. Liu Guijin on Wednesday reiterated China's support to the ongoing efforts to find a peaceful settlement to the Darfur crisis"The Chinese government has decided to send observers to monitor the elections," he added.He further expressed China's appreciation of the success of the signatories to the Comprehensive Peace Agreement (CPA), the National Congress Party (NCP) and the Sudan People's Liberation Movement (SPLM), in overcoming the issues which hampered implementation of the CPA."The two partners have managed to overcome the barriers through dialogue and concessions," he said.On Sunday, the Chinese envoy started his visit to Sudan during which he held talks with a number of Sudanese officials in Khartoum.He also visited Juba in south Sudan and held talks with the Sudanese First Vice-President and President of the government of south Sudan Salva Kiir Mayardit.

LONDON, March 14 (Xinhua) -- China's efforts of switching economic growth pattern would help to make an overall more stable world economy, said John Hawksworth, head of macroeconomics of PriceWaterhouseCoopers (PWC), one of the world's four largest accounting firms.He told Xinhua in a recent interview that this would also ultimately be good for China in the long term. There will be a reduction in the global trade imbalances in the long run with China's efforts of shifting economic growth pattern.China's adjustment important for world economyHawksworth said that China plays its part in making these adjustments, which is important for the long-term stability of the world economy. That is because China is a very important player, the world's biggest economy after the United State.Meanwhile, he emphasized that other economies should also make adjustments and play their parts for the world economy.He said that the United States need to control its high level of government borrowing. The same applies to European countries with high levels of borrowing."So all the main economies need to adjust and China is an very important element in the overall adjustment process," said Hawksworth.He was optimistic about the prospects for China in the efforts of shifting its economic growth pattern."It will remain a very strong growing economy and I'm optimistic that it will meet challenges and will continue to increase its relative importance in the world economy over the next 10 or 20 years," he said.Long-term process for China to shift economic growth patternWith regards to the main reasons for China to shift its economic growth pattern, Hawksworth said that in the long run China wants to promote consumer spending as a big driver of growth.China has been quite reliant on exports and investment in the past, he said. "Ultimately as China becomes a bigger part of the world economy, it can't continue to grow exports as fast as before. Also opportunities for more and more investment will be increasing. ""In the long run, you'll be better if more of China's growth would be dependent on consumer spending," he said.However, he said that China can not suddenly switch to consumer spending. "It has to be a long-term process and would also depend on other types of policies."For example, he said providing better healthcare provision at the moment is quite important because Chinese households are concerned about their future health care and therefore don't like to spend money.He also said that it might be encouraged by gradual move towards an increase in the Chinese exchange rate which would tend to reduce the price of imports and therefore boost consumption and boost the household spending power."It is a combination of policies which can't be done overnight, there has to be a long-term process over 10 years or more to gradually take effect," said Hawksworth.Short- and long-term challenges for ChinaAt the same time, Hawksworth said China is facing some short- and long-term challenges in the process of shifting its economic growth pattern.As for the short-term challenges, he said that China has obviously put a lot of emphasis on government spending and investment to stimulate the economy during the global financial crisis."Although that has been quite successful, it may also have led to some dangers of an overheating with increases in property prices and asset prices," he warned.He said that is a short-term problem which really requires a gradual tightening of monetary policy. Some restrictions on bank lending are also needed to avoid this asset price bubble getting out of control.In his view, the long-term challenge is about moving towards an economy that is more driven by household spending."This is partly about encouraging households to feel more confident about the future, about providing better healthcare from the state or better pensions to the households," he said.