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HONG KONG, Sept. 28 (Xinhua) -- The launch of Renminbi sovereign bonds in Hong Kong on Monday shows China's efforts to boost the international use of the yuan step by step, officials and analysts said.     The bond issue, worth only 6 billion yuan (878.5 million U.S. dollars), marked a key milestone in the internationalization of the RMB.     Hong Kong was chosen for, and will benefit from, the milestone bond sale thanks to its unique position as the international financial center providing desired cushion against the potential risks when the program was launched, analysts said.          BOOSTING INTERNATIONAL USE OF RMB     The bond issue in Hong Kong came earlier than expected, said Hu Yifan, an economist with CITIC Securities.     "The need for the RMB to go international and convertible has been growing along with the increasing importance and openness of the Chinese mainland economy and the risks arising from over- reliance on the United States dollar as the reserve currency," said Tse Kwok-leung, head of economic research of Bank of China ( Hong Kong) Limited.     China has been launching pilot RMB programs over the years, but the pace has obviously quickened since the onset of the global financial crisis. Pilot RMB programs launched in Hong Kong over the past 12 months also included yuan-denominated cross-border trade settlement and trade financing, yuan bonds issued by policy banks, commercial lenders and the branches of foreign banks, and currency swaps.     The sovereign bond issue would help "boost the international use of the RMB in a steady and orderly manner," the Chinese Ministry of Finance quoted Acting Chief Executive of the Hong Kong Special Administrative Region (HKSAR) Henry Tang as saying.     The sovereign bond sale in Hong Kong serves the purpose of water testing to "see how it is received by international investors." Hong Kong has a unique strength in that it provides the desired cushion against potential risks when the pilot programs were launched, given that the mainland capital market was yet to open up, Tse said.          BOOSTING NASCENT BOND MARKET IN HONG KONG     The bond issue ahead of the Chinese National Day showed the central government's support for Hong Kong, Vice Minister of Finance Li Yong said.     It will help Hong Kong build on its strength as an international financial center by boosting the nascent bond market in Hong Kong, Tse Kwok-leung said.     "It calls for a banking system, a stock market and a bond market, all developed, to make a developed international financial center," Tse explained.     Hong Kong has been aspiring to be the leading international financial center in the Asian time zone.     Government statistics showed that the total assets of Hong Kong's banking system and the size of its stock market were both about six times its gross domestic product, compared with a bond market equivalent to 43 percent of its gross domestic product.     Bonds issued in Hong Kong in 2008 totaled 424.4 billion HK dollars (54.4 billion U.S. dollars), with 67 percent issued by the Hong Kong Foreign Exchange Fund, which was established to defend the Hong Kong dollar peg to the U.S. dollar.     The other 33 percent were accounted for by development banks from outside Hong Kong and corporate bonds issued by local players. There were no sovereign bonds.     Tse said the bond issue will also help improve the liquidity of, and diversify, the local bond market. It will also improve the operation of the RMB bond market in Hong Kong by helping find the benchmark interest rate in the local market.     Tse said the demand for sovereign bonds issued by an economy as strong as the Chinese mainland was huge, given the impact of the global financial crisis on the corporate bond market.     Vice Minister of Finance Li Yong also said he believed the bonds will be well received.     "I believe the RMB sovereign bonds will prove popular with investors looking for safe and prudent investments. I definitely think it will be successful," Li said.

TAIPEI, Aug. 11 (Xinhua) -- At least 62 people were killed and 57 others are missing in Taiwan as of 8 p.m. Tuesday local time after Morakot, the worst typhoon to hit the region in nearly five decades, swept across the island.     Another 35 people were injured after the typhoon hit much of the central-south part of the island. The casualty list did not include a crew of three on board a helicopter that crashed during a disaster-relief mission in southern Pingdong.     Powerful wind paralyzed the power supply for 1.58 million households as of 6:30 p.m. Monday, 1.51 million of which have restored power. Typhoon Morakot also damaged telecom facilities in central-south Taiwan, according to local disaster-relief authorities. A helicopter prepares to take off to rescue trapped residents in Kaohsiung county of south China's Taiwan Province, Aug. 11, 2009. Helicopters rescued many residents trapped by flood and mudslide caused by Typhoon Morakot on Tuesday morning as the weather became clear. At least 62 people were killed and 57 others are missing in Taiwan as of 8 p.m. Tuesday local time after Morakot, the worst typhoon to hit the region in nearly five decades, swept across the island    According to statistics released by local agriculture authorities, as of 10 a.m. Tuesday local time, losses in the agricultural and fishery sectors stood at about 6.85 billion New Taiwan Dollars (about 209 million U.S. dollars).     Disaster-relief centers have dispatched helicopters to transport villagers and air-drop goods in mountainous regions in central-south Taiwan where roads and bridges were destroyed by floods.     People have started to repair homes and infrastructure in parts of central-south Taiwan where water started to retreat, local media reported. Rescuers carry residents to a medical station in Kaohsiung county of south China's Taiwan Province, Aug. 11, 2009. Helicopters rescued many residents trapped by flood and mudslide caused by Typhoon Morakot on Tuesday morning as the weather became clear. At least 62 people were killed and 57 others are missing in Taiwan as of 8 p.m. Tuesday local time after Morakot, the worst typhoon hit the region in nearly five decades, swept across the islandIn Tainan, Kaohsiung and Pingdong, the water supply for 710,000 households was cut off by flood and it was estimated that at least 24 hours are needed to bring the system back to normal.     People from a wide range of social sectors including government, enterprises, entertainment and TV stations donated cash and goods worth millions of New Taiwan Dollars to support disaster-relief work.     Red Cross organizations on both the Chinese mainland and Taiwan have called for people to make donations in relieving the disaster.     An agricultural company in Fujian Province said it was contacting authorities in Kaohsiung County amid its attempt to send vegetables to Taiwan.     In Mount Ali, a renowned and popular scenic spot, 16 mainland tourists trapped during the typhoon were evacuated Tuesday afternoon.     The Kuomintang party on Tuesday thanked the mainland for the latter's concern over Taiwan's losses in typhoon Morakot.     Cross-Straits goodwill and interaction displayed in times of major disaster should be cherished by people on both sides, read the letter written by Kuomintang.     On Tuesday, the mainland-based Cross-Straits Agricultural Exchange Association sent its condolences to farmers and fishermen who suffered losses in typhoon Morakot via a letter forwarded to the Taiwan Farmer's Association.     The mainland association said it was willing to provide necessary assistance in disaster-relief and reconstruction based on the needs of the Taiwan association. 

CHENGDU, Aug. 2 (Xinhua) -- All the nine people missing in mudslides caused by heavy rains in southwest China's Sichuan Province were dead as the last two bodies were recovered over the weekend, the provincial government said late Sunday.     Rocks and mud buried a residential quarter of Sinohydro Bureau 10, a hydropower engineering and construction company in Jinyang County, early Friday, leaving nine workers missing. The body of a victim in the mudslide is carried away by rescuers in Jinyang of southwest China's Sichuan Province, Aug. 1, 2009. All of the bodies of 9 victims in mudslides caused by heavy rains in Jinyang were found on SaturdayLocal authorities have intensified monitoring and early warning about possible landslides as more heavy rains likely continue to lash the region.     Rainstorms in the country this year have left 307 people dead and 113 missing as of Thursday, according to the State Flood Control and Drought Relief Headquarters. A rescuer finds the clothes of a victim in Jinyang of southwest China's Sichuan Province, Aug. 1, 2009. All of the bodies of 9 victims in mudslides caused by heavy rains in Jinyang were found on Saturday.

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BEIJING, Aug. 20 (Xinhua) -- Serbian President Boris Tadic on Thursday pledged to promote economic and trade ties with China, welcoming Chinese investment.     Serbia wanted to maintain high-level political ties with China and enhance economic exchanges and cooperation, said Tadic at a business forum held by the China Council for the Promotion of International Trade (CCPIT). Chinese President Hu Jintao (L) welcomes visiting Serbian President Boris Tadic in Beijing, capital of China, on Aug. 20, 2009Serbia has signed free trade agreements with the European Union, Russia, Belarus, Turkey and the eight countries of South Eastern Europe (SEE), giving Serbia access to a free trade market covering 800 million people, he said.     "The security of foreign investments is guaranteed by the Serbian government," Tadic said.     Chinese telecommunications equipment providers Huawei and ZTE were among the foreign investment successes, he said.     Serbian Deputy Prime Minister Mladjan Dinkic briefed Chinese companies on Serbia's transport facilities, tax and preferential policies for companies in the information, telecommunications and electronics sectors.     "Serbia has noticed the exponential growth and the export potential of Chinese high-tech companies, and especially welcomes Chinese investments from areas of telecommunication, electronic and automobile industries," Dinkic said.     China-Serbia trade volume surged from 9 million U.S. dollars in 1994 to 460 million U.S. dollars last year, said Dong Songgen, vice chairman of the CCPIT.     The participants at the forum were mainly Chinese industries in the energy, construction, finance, medicine, consulting, agriculture and textiles sectors.     Tadic arrived in Beijing early Wednesday for a week-long state visit as a guest of President Hu Jintao. It is the first official visit by a Serbian head of state since Serbia became an independent state in 2006.

BEIJING, Sept. 21 (Xinhua) -- The Standing Committee of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), the country's top advisory body, held a meeting Monday to study and discuss the essence of the just-concluded Fourth Plenary Session of the 17th Central Committee of the Communist Party of China (CPC).     Jia Qinglin, chairman of the CPPCC National Committee, presided over the meeting, at which Vice President Xi Jinping delivered a report on the topic. They are both members of the Standing Committee of the CPC Central Committee Political Bureau.     In his opening speech, Jia highlighted the importance of the CPC Central Committee's session under the current situation as China is exerting efforts to cope with the impact of the international financial crisis in an effective way, maintaining a stable and relatively fast economic growth, striving for new victories in building an overall prosperous society, and opening up a new situation for the socialist cause with Chinese characteristics. Jia Qinglin (Front, L), chairman of the Chinese People's Political Consultative Conference (CPPCC) National Committee, and Chinese Vice President Xi Jinping (Front, R) attend the 7th Meeting of the Standing Committee of 11th CPPCC National Committee in Beijing, capital of China, on Sept. 21, 2009    He also spoke highly of a speech delivered at Sunday's ceremony to mark the 60th founding anniversary of the CPPCC by Hu Jintao, the state president and general secretary of the CPC Central Committee, who had praised the CPPCC for its important contribution and role in China's socialist revolution, construction and reform.     While informing the senior advisors of the essence of the CPC Central Committee's session, Xi also told them how the Party has prepared for holding the session and drafting "The Decision of the CPC Central Committee on Major Issues on Strengthening and Improving Party Building Under the New Circumstances."     The drafting of the document had been done by seeking opinions from people of all circles including members of the CPPCC, said Xi, noting that the CPC has been quite experienced as a ruling party for the past 60 years.     Xi urged Party committees of all levels to well organize the study of the essence of the session and make substantial efforts to accomplish the work of Party building.

BEIJING, Sept. 7 (Xinhua) -- China vows to strengthen the prevention and control of the A/H1N1 flu virus in the run-up to the National Day celebrations, amid fears that the situation will worsen through autumn. According to a statement released after a meeting held by the State Council here Monday, schools are currently the key places in the country's fight against the virus and classes should be suspended "properly" to avoid mass infection when an outbreak occurs.     "Currently the global epidemic situation is getting worse. As autumn comes, the number of domestic cases in China is also on the rise... The prevention and control work faces fresh obstacles," said the statement.     Primary and secondary schools in Urumqi, capital of northwest China's Xinjiang Uygur Autonomous Region, remained closed Monday in the wake of a recent outbreak of 43 A/H1N1 influenza cases.     Similar outbreaks have also been reported at schools in other regions, including the provinces of Henan, Hunan, Jiangsu, Anhui and Hainan, as well as the Guangxi Zhuang Autonomous Region.     The State Council urged railway and aviation departments to improve their emergency plan against possible epidemic outbreak in crowded situations.     According to the statement, medical staff, technical equipment and materials should be ready at any moment in case of an emergency -- especially around the National Day, which falls on Oct. 1.     In addition, the State Council urged medical companies to stock vaccine and other medicines and ensure vaccine safety for human use.     The meeting was presided over by premier Wen Jiabao.     By last Friday night, 4,415 cases of A/H1N1 flu had been reported on the Chinese mainland, of which 3,577 have recovered. There have been no deaths from A/H1N1 in main land China.

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BEIJING, Oct. 10 (Xinhua) -- Chinese Vice Premier Li Keqiang Saturday urged for greater efforts to guarantee the high quality of key construction projects and projects typically to improve the people's livelihood.     Li made the remarks at the opening ceremony of the Second China Tendering and Bidding Forum held in Beijing.     "Along with the growing economy and expanding investment, the quality and benefits of key construction projects should be put in more important positions", Li emphasized. Chinese Vice Premier Li Keqiang (L,front) speaks during the opening ceremony of the Second China Tendering and Bidding Forum in Beijing, Oct. 10, 2009    Under the circumstances of global financial crisis, when China is promoting its domestic demand, the efficiency of investment fuelling economic growth should be strengthened, said Li.     Li said the system of tendering and bidding and government procurement played an important role in guaranteeing the high quality of key construction projects and projects for people's livelihood.     Li also stressed the significance of safety during construction and called for efforts to prevent corruption in the projects.

BEIJING, Sept. 29 (Xinhua) -- Senior Chinese leader Li Changchun Tuesday asked the People's Publishing House, China's oldest publisher of books on the Party and politics, to actively use new media to expand its influence.     Li, a member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, said during a visit to the publishing house that it should invigorate its development. Li Changchun (2nd R, front), a member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, shakes hands with an old worker during his visit to the People's Publishing House, China's oldest publisher of books on the Party and politics, in Beijing, capital of China, Sept. 29, 2009.Acknowledging the company's achievements, Li said it should increase investment, further reform income distribution and human resources management.     He also urged the publisher to raise its international profile by publishing more books on the successful theories and practices of socialism with Chinese characteristics.     It would contribute to improving the country's soft power, he said. Li Changchun (3rd L, rear), a member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, speaks during a symposium during his visit to the People's Publishing House, China's oldest publisher of books on the Party and politics, in Beijing, capital of China, Sept. 29, 2009. The house should endeavor to nurture a group of foreign-language literate talents who not only understood China's national situation, but also had a global view, Li said.     He said the house should earnestly implement the gist of the Fourth Plenary Session of the 17th CPC Central Committee that concluded in mid-September. The CPC session decided to expand democracy within the Party and better fight corruption.     The People's Publishing House was founded in 1921 and rebuilt in 1950. It is a well-known publisher of works on philosophy and social sciences. Li Changchun (3rd R), a member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, visits an editing room of Marxism-Leninism during his visit to the People's Publishing House, China's oldest publisher of books on the Party and politics, in Beijing, capital of China, Sept. 29, 2009

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BEIJING, Oct. 13 (Xinhua) -- Chinese top political advisor Jia Qinglin Tuesday urged more efforts to perfect the system of multi-party cooperation and political consultation under the leadership of the Communist Party of China(CPC).     Speaking at a seminar to mark the 60th anniversary of the founding of the Chinese People's Political Consultative Conference (CPPCC), CPPCC Chairman Jia said the system is an inevitable choice for China to press ahead with its social and political development.     Efforts should be made to give full play to the unique advantages of the CPPCC, the top political advisory body, he said. Jia Qinglin (C), chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), speaks at a seminar marking the 60th anniversary of the founding of the CPPCC, in Beijing, capital of China, on Oct. 13, 2009. The system is in conformity with China's national conditions and has strong Chinese characteristics, according to Jia.     The system has made important contributions to the country's modernization drive, he said, adding it also played an irreplaceable role in the country's revolutionary cause, reform and opening-up endeavor and the construction of a well-off society.     Jia also urged efforts to embrace innovation in the development of the system.     The CPPCC was founded in 1949, the year that the People's Republic of China was founded.

TAIPEI, Oct. 4 (Xinhua) -- Taiwan is on high alert and taking early actions including pre-storm evacuations in expectation of typhoon Parma, barely two months after typhoon Morakot devastated the island.     More than 1,200 villagers from four counties including Nantou, Chiayi, Kaohsiung and Pingtung have been evacuated as of 1 p.m. on Sunday, in case of mudslides triggered by Parma. These people were sheltered in safer places, local authorities said.     "Taiwan has been working hard to get ready for the typhoon, in the hope of reducing people's losses. Even if Parma doesn't come, we take it as successful relief exercises," said Wu Den-yih, head of "Executive Yuan"on the island.     Wu and deputy head Chu Liluan inspected precaution work against the typhoon in various places on Sunday.     It started raining after noon Sunday in Taitung County, and evacuation in several villages were completed in the evening. Classes in a village schools would be suspended on Monday, local media reported.     Chou Hsi-wei, head of Taipei County, said on Sunday authorities of cities, towns and counties could decide by themselves whether to suspend classes or work.     In early morning of Sunday, Taiwan's meteorological authorities issued warnings of torrential rain across the island from Sunday to Wednesday. Local observatory also forecast heavy rainstorms in northern, eastern and southermost Taiwan from Sunday to Monday.     The island's rescue authorities have prepared 70 helicopters and more than 100 ships for disaster relief operations.