Chinese language: February 2008

Friday, February 29, 2008

Chinese School - Nations praise China for Asia engagement

CHINA / index

Nations praise China for Asia engagement
(AFP)
Updated: 2006-03-19 09:01

The United States, Australia and Japan concluded historic security talks
with praise for China's engagement in the Asia-Pacific and an agreement
to seek greater cooperation within Asia.

(L-R) Japanese Foreign Minister Taro Aso, Australian Foreign Minister
Alexander Downer and US Secretary of State Condoleezza Rice pose for a
photograph prior to their trilateral talks in Sydney. The historic
security talks concluded with praise for China's engagement in the
Asia-Pacific and an agreement to seek greater cooperation within Asia.
[AFP]

US Secretary of State Condoleezza Rice and Japanese Foreign Minister Taro
Aso were hosted by Australian Foreign Minister Alexander Downer for talks
in Sydney that focussed on the war in Iraq, Iran's nuclear crisis and
China's rising power.

"Supporting the emergence and consolidation of democracies and
strengthening cooperative frameworks in the Asia-Pacific region was a
particular focus of our attention," they said in a joint statement.

"We welcomed China's constructive engagement in the region and concurred
on the value of enhanced cooperation with other parties such as ASEAN
(Association of Southeast Asian Nations) and the Republic of Korea."

The parties welcomed as a positive step a decision by India to place its
civilian nuclear facilities under international safeguards and recognized
the importance of "reinforcing our global partnership with India."

China's growing influence was expected to a major issue at the talks
following remarks by Rice earlier this week urging the Asian giant to
explain its military build-up.

Downer Saturday moved to dampen fears that the trilateral meet was
designed to produce a containment strategy on China, saying it was
natural for three countries with so much in common to meet to discuss
security.

At a press conference after the meeting, Downer sought to reassure China
there was no "conspiracy" against it.

"This is a very natural relationship... and shouldn't be interpreted as
an act of conspiracy against China, of course it's not," he said.

"It's not for China to feel that we are ganging up on China or that
Australia is suddenly changing its policy on China."

Page: 1 2

Learn Chinese online - Small things count in management

Opinion / Raymond Zhou

Small things count in management

By Raymond Zhou (China Daily)
Updated: 2007-07-14 06:53

The Qinghai-Tibet Railway has been open for a year now, but most
passengers climbing up to the "Roof of the World" have opted to sidestep
Xining, somewhat of a gateway to the plateau.

It is not because the capital of Qinghai Province does not have an
abundance of tourism resources to offer. The culprit is scarcity of
tickets from Xining to Lhasa, capital of Tibet Autonomous Region.

Once you get off at Xining and spend a few days taking in such sceneries
as Ta'er Temple and Qinghai Lake, you'll probably end up stuck here.
During the summer season, there is a daily demand for 1,200-plus seats
originating from Xining, but only 700-some are available.

Don't even think about getting a seat on the other Lhasa-bound trains
that depart from other cities and pass through Xining. They are all
booked solid through the holiday season, which runs from June to October.

This has made the tourism bonanza elusive for Qinghai and also left a
typical Qinghai-Tibet travel plan disappointingly incomplete for tourists.

Granted, there are reasons why the current capacity of 3,480 tickets to
Tibet cannot be raised. Train cars used in the newly built section of the
railroad have to meet stringent specifications for high-altitude
operation, including pumping oxygen into air-tight cars. And unlike the
packed-like-sardine trains elsewhere in China, no over-booking is allowed
on this route.

While emphasis on passenger safety is commendable, the inflexibility
towards market fluctuation is puzzling. During off season, trains run at
only 50-60 percent of capacity.

A question arises: How come a railroad with such daunting engineering
difficulties, including stretching across 550 km of tundra, could be
successfully built, but adjusting the number of trains to better reflect
seasonal changes of the market appears to be so arduous?

I asked many railway authorities on my trip to Qinghai, but did not find
a satisfying answer. Instead, they gave me the look as if I didn't know
what I was talking about.

I often get this kind of perplexed look when I ask about annoyances in
urban management. For example, the Capital Airport has a public
announcement system so loud that it drowns out a cellphone conversation.
Could they tune it so that it's clearly audible but does not simulate
shouting? Does the system have only two volume levels - off and shrieking?

The same goes for the city's bus service. For a while, ticket sellers
were alerting passengers to the name of the next bus stop. I asked one of
them why they didn't use a recorder-speaker, and she replied that it
would be "noisy to the residents in nearby buildings".

I guess a lot of people shared my curiosity. Soon, the speaker was back
on. And now I can hear buses pulling in from my apartment 100 meters from
the street.

I know bus announcement systems can modulate their volumes because I've
seen buses in other cities with volumes just loud enough for the waiting
passengers. The problem seems to be that those departments run by
bureaucrats rarely pay attention to the small things in customer service.

Why should a train run with more cars in the busy season and fewer cars
in the off season? Why should a bus or airport speaker be easy on the
ear? These may not be life-or-death issues, but it is the job of
management to find them out and calibrate for the best possible result.

Xining could increase the frequency of trains to Lhasa, but that comes
after local government officials made multiple requests and possibly held
many coordination meetings. On most occasions, there must be mountains of
complaints from the public before action is taken. When will the
bureaucrat managers get proactive and resolve those minor troubles before
they grow into an avalanche?

Email: raymondzhou@chinadaily.com.cn

(China Daily 07/14/2007 page4)

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Day 01: Arrival in Beijing
Our guide will pick you up at Beijing airport and transfer to the hotel.
The rest of the day is on your own to explore the city.

Accommodation:

Day 02: Beijing
Visit the Tiananmen Square, the Forbidden City and the Temple of Heaven.
The Beijing Duck Dinner is served at the original, century-old Quan Ju De
restaurant followed by a lively Peking Opera performance at the Liyuan
Theatre. (B+L+D)

Accommodation: Crowne Plaza

Day 03: Beijing - Chongqing
Visit the Summer Palace. Take a flight to Chongqing. Visit the Panda
House in Chongqing Zoo. After having a rich buffet dinner at 4-star
hotel, Holiday Inn Yangtze, check in at the deluxe German-made cruise
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Day 04: Chongqing - Fengdu
At 08:00 am your memorable Yangtze River tour begins. In the afternoon
visit the Ghost City of Fengdu. (B+L+D)

Day 05: Badong - Xiling Gorge - Sandouping
Visit Badong and take a small junk to enjoy the marvelous spectacles of
the nature in the Shennong Stream. Continue sailing into the western
section of Xiling Gorge. Pass the five-step ship lock. (B+L+D)

Day 06: Sandouping
Visit the site of Three Gorges Dam Project. (B+L+D)

Day 07: Wuhan - Beijing
At 12:00 arrive in Wuhan. Visit Hubei Provincial Museum. After having
lunch at a local famous restaurant, take a flight to Beijing and transfer
to the hotel. (B+L)

Accommodation: Crowne Plaza

Day 08: Beijing
Visit the Badaling Great Wall. To avoid having lunch at shopping site
restaurants, you will be driven to have Sichuan food at a local popular
restaurant. Visit the Sacred Way and the Ming Tomb in the afternoon.The a
la carte dinner is served at a famous Cantonese cuisine restaurant in the
Wangfujing area. (B+L+D)

Accommodation: Crowne Plaza

Day 09: Departure from Beijing
See off. (B)

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5. Cruise shore excursions;
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Departure: Daily

Day 01: Arrival in Beijing
Our guide will pick you up at Beijing airport and transfer to the hotel.
The rest of the day is on your own to explore the city.

Accommodation: Holiday Inn Central Plaza - the best Holiday Inn Hotel in
Beijing

Day 02: Beijing
Visit the Badaling Great Wall. To avoid having lunch at shopping site
restaurants, you will be driven to have Sichuan food at a local popular
restaurant. Visit the Sacred Way and the Ming Tomb. (B+L)

Accommodation: Holiday Inn Central Plaza - the best Holiday Inn Hotel in
Beijing

Day 03: Beijing - Taiyuan
Visit the Tiananmen Square, the Forbidden City and the Temple of Heaven.
Take the overnight soft sleeper train to Taiyuan. (B+L+D)

Accommodation: an overnight soft sleeper train

Day 04: Taiyuan - Pingyao
Arrive in Taiyuan in the morning and transfer to Pingyao Ancient City and
transfer to the hotel. Visit Qiao Family's compound, the Shuanglin
Monastery and the City Wall. (B+L)

Accommodation: Pingyao Guest House

Day 05: Pingyao - Taiyuan - Beijing
Morning tour to visit the Ming - Qing Street, the Chenghuang Temple, the
Ri Sheng Chang Financial House and the Tongxinggong ancient bank
bodyguard establishment. After lunch transfer back to Taiyuan and visit
the Jinci Temple on the way. Take the overnight soft sleeper train back
to Beijing. (B+L)

Accommodation: an overnight soft sleeper train

Day 06: Beijing
Arrive in Beijing and transfer to the hotel. Morning is free for leisure.
Visit the Summer Palace and the Lama Temple in the afternoon. The Beijing
Duck Dinner is served at the original, century-old Quan Ju De restaurant
followed by a lively Peking Opera performance at the Liyuan Theatre.
(B+L+D)

Accommodation: Holiday Inn Central Plaza - the best Holiday Inn Hotel in
Beijing

Day 07: Departure from Beijing
See off. (B)

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Tour Prices (based on per person and shown in US dollars)

Group size
Season
2-5 travelers 6-9 travelers 10 travelers & above
High season Double Occupancy $769.00 $579.00 $489.00
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Low season Double Occupancy $749.00 $559.00 $439.00
Sole Occupancy $889.00 $709.00 $529.00

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Tour Inclusions

1. Soft-sleeper train tickets as specified;
2. Hotels with daily western breakfasts;
3. Daily lunches and/or dinners at local finest restaurants;
4. Excellent individual guide & driver;
1. Private air-conditioned car or van for land transportation;
2. Entrance fees to all tourist sites;
3. Two bottles of mineral water per day;
4. Government taxes.

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cancellation, Please click here.

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Wednesday, February 27, 2008

Chinese language - Transformers-themed toy expo

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�� Kids enjoy communicating with foreign friends

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�� American students interested in shadow plays

�� Guangdong drifting championship

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Transformers-themed toy expo

www.chinanews.cn 2007-07-30 11:42:34

Panjiayuan Market in Beijing hosted a Transformers-themed Toy Expo on
July 26, 2007, with a huge Optimus Prime figure as its major attraction.

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Chinese School - Charming summer at Tianchi Lake

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Charming summer at Tianchi Lake

www.chinanews.cn 2007-07-27 17:07:40

Photos taken on July 26 show the charming and attractive natural summer
scenery at Tianchi Lake, Xinjiang Uygur Autonomous Region.

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Chinese language - Panda-pattern aircraft

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�� Hot weather hit Hong Kong

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Panda-pattern aircraft

www.chinanews.cn 2007-07-26 17:40:24

ANA painted one of its Boeing 767-300 with a huge panda pattern to
comemorate the 20th anniversary of its opening Japan-China air. The plane
came in front of the general public for the first time on July 24, 2007,
at Narida Airport, Tokyo. The name of the plane is "Fly, Panda".

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Learn Chinese online - Red-crowned crane festival in Qiqihar

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�� Lao Zi statue made of carbonized wood

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�� Wuxi cleans blue algae in the Taihu Lake

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Red-crowned crane festival in Qiqihar

www.chinanews.cn 2007-07-25 11:41:19

Flocks of tourists view a great number of red-crowned cranes, marking a
red-crowned crane festival, at the Zhalong Nature Reserve in Qiqihar,
northeast China's Heilongjiang Province, July 20. Since it enters summer,
lots of red-crowned cranes have gathered here, attracting many visitors.

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Chinese School - Miss Australia titled Bikini Queen

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�� Lotus Festival kicked off in Huaiyang

�� Bird's Nest surrounded by lotus

�� Miss Tourism tour Henan

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Miss Australia titled Bikini Queen

www.chinanews.cn 2007-07-23 17:52:47

Amy Jane Sutton from Australia was crowned with the laurel of Bikini
Queen during the finals of the 2007 International Miss Tourism Pageant in
Xixia, central China's Henan Province, July 23, 2007.

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Tuesday, February 26, 2008

Free Chinese Lesson - 50,000 crowd the beach in Dalian

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50,000 crowd the beach in Dalian

www.chinanews.cn 2007-07-22 19:19:18

Nearly 50,000 tourists crowd Fujiazhuang Beach in Dalian, a coastal city
of northeast China's Liaoning province on Saturday, July 21, setting a
record since it enters summer this year.

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Free Chinese Lesson - China opera legend to go on air

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China opera legend to go on air

www.chinanews.cn 2007-07-20 10:41:12

Beijing opera actors perform before a news conference for Chinese
director Chen Kaige's production of Mei Lanfang in Beijing July 19, 2007.
Veteran director Chen Kaige, best known in the West for "Farewell My
Concubine" and in China these days for "The Promise", started to shoot a
biography of Chinese opera legend Mei Lanfang.

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Shadow play
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Chinese School - Hill: Six-Party talks go smoothly

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��Home>>Politics

Hill: Six-Party talks go smoothly

www.chinanews.cn 2007-07-19 10:25:46

(Source: Xinhua)

BEIJING, July 19 - Chief U.S. negotiator to the Six-Party talks
Christopher Hill said on Wednesday the chief delegates meeting on the
same day had "very open and substantive discussions" and there would be a
chairman's statement released on Thursday.
"We've discussed the work plan, getting the working groups together and
technical issues of sequencing the elements of the next phase, especially
the issue of fuel oil," Hill told reporters when he arrived at his hotel
in downtown Beijing after finishing discussions with Chinese counterpart
Wu Dawei in the morning and all the other chief negotiators in the
afternoon.
"We are not avoiding any topics," Hill said.
Although considering "the mood on the table is quite positive," Hill said
it was a tough process to get things moving on.
He reiterated that the Democratic People's Republic of Korea (DPRK)
should declare all its nuclear programs and disable all existing nuclear
facilities.
The declaration should be "complete," with no flexibility, according to
Hill.
"All means all," he said.
He also said the disabling of nuclear facilities should be verified by
experts to see "how you (the DPRK) disable the facilities," whether it
would be "difficult or easily to be brought back".
"The peace process on the Korean Peninsula needs to be done after, or
certainly not before the denuclearization," Hill said, adding that the
process would be in parallel with the Six-Party talks continuing the
primary job of denuclearization.
He said the meeting would set schedules for all five working groups, to
help implement the second phase, for example, bilateral working groups
verifying the disablement of nuclear facilities and an energy working
group discussing the fuel oil equivalent.
"The statement will be a time frame, covering the conversations we had
today and tomorrow," Hill said, adding that an overall timeframe should
be completed.
Thursday's meeting would begin at 10 am, said Hill.

��Six-party talks begin in Beijing
��Six-party talks to resume July 18
��China discussing timetable for resuming Six-party Talks

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Chinese School - 10,000 climbing mountain in the rain

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�� Precious yellow diamond

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10,000 climbing mountain in the rain

www.chinanews.cn 2007-07-17 13:35:55

Despite the rain, over 10,000 tourists climb the Huangshan Mountain, one
of China's best-known scenic spots in east China's Anhui province, on
July 14, 2007. Since it enters summer, the cool area has become to
witness flocks of tourists.

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Cool house
Olympics
Lingerie model
Dance

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Learn Chinese online - Colorful yurts part of the scenery

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�� Chinese people always in a rush

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�� Dance with Sharks

�� Taiwan dance troupe perform in Beijing

�� Libo Karst attracts tourists

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Colorful yurts part of the scenery

www.chinanews.cn 2007-07-13 17:39:24

The photos taken on July 11 show many colorful yurts dotted the beautiful
grassland in Hami, Xinjiang Uygur Autonomous Region, attracting many
tourists from home and abroad.

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Sharks
Dance
HK Fashion
Transformers

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Chinese Mandarin - Project launched to protect women from AIDS

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�� Female skytroopers

�� Beijing-Taiwan Youth Exchange Week kicked off

�� Most beautiful woman in China

��Home>>Sci��Tech

Project launched to protect women from AIDS

www.chinanews.cn 2007-07-13 11:06:07

Chinanews, Kunming, Jul. 13 �C Yunnan Provincial Bureau of Health
revealed on Wednesday that a project had been launched in Yunnan to
protect women from AIDS. The one-year project will help 80% of women in
Yunnan get some basic knowledge of AIDS.
Yunnan has been seriously hit by AIDS in recent years. There were 34
thousand HIV-infected patients and 48 thousand AIDS patients from 2004 to
2006. Experts said that currently more women than ever in Yunnan are
threatened by AIDS, and they are also the main force in the fight against
the epidemic.
The project comprises an educational program, aimed to help more women
understand the seriousness of AIDS infection.

��NBA stars spread care to AIDS orphans
��More women suffer from HIV/AIDS in China
��AIDS epidemic in Beijing reaches rapid-growth period

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HK Fashion
Transformers
Quintuplets
Extra classes

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Chinese Mandarin - Outfits made of condoms on show

Learn Chinese - Rat haunting Dongting Lake

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�� Chinese people always in a rush

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�� Root-seeking summer camp started

�� Reconstructed museum to display history

�� HK Fashion Week kicked off

��Home>>

Rat haunting Dongting Lake

www.chinanews.cn 2007-07-11 11:03:16

These pictures were taken on July 10, when large flocks of rat running
out of their holes out of the bank of the Dongting Lake to avoid flood.
It is said that the excessive hunting of snakes and abuse of rodenticide
have caused the problem.

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Fashion
Fire balloon
Horse riding
Terracotta

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Learn Chinese online - Minesweeping at Youyiguan completed

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�� Senior citizen made 800 Beijing opera masks

�� China executes former SFDA chief

�� China to embrace Transformer fever

Coconut Oil, Flash Mp3 Player , Fruit , Electric Scooter, Leather Sofa,
Swimwear, Beverage Dispenser, Kitchen Furniture, GSM Phone, Juice
Concentrate, Tractor Fertilizer, Car Engine , Electric Atv, Automotive
Switch , Display Showcase, Zinc Sulphate, Access Point, Network Card,
Laptop, Recovery Card, Aluminium Profile, Granite Countertop, Wind
Generator, Power Strip, Milk Powder, Ice Cream, Sweet Corn, Ketchup,
Yellow Tea, Instant Noodle, Frozen Seafood, Apple Juice, Nescafe,
Beverage Container, Baby Food, Digital Photo Frame, Silk Flower, Bamboo
Handicraft, Christmas Tree, Badge, Candle.

��Home>>

Minesweeping at Youyiguan completed

www.chinanews.cn 2007-07-10 10:25:19

The last mine in the Youyiguan area at the Sino-Vietnamese boarder was
swept and exploded on July 9, 2007, marking the end of the minesweeping
project here.

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High school alums
Rare lotuses
Pilaf feast
Restaurant

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Learn Mandarin online - Eye-catching "revolutionary" restaurant

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�� Chinese people always in a rush

�� China to suffer from long-term labor surplus

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�� Salt-made sculpture

�� Fire Balloon Master Competition kicked off

�� The ocean witnesses a group wedding

��Home>>

Eye-catching "revolutionary" restaurant

www.chinanews.cn 2007-07-08 20:00:37

The photos taken on July 6 show a newly-opened red "revolutionary"
restaurant in Yichang, Hubei Province. The special theme and flavor have
attracted many locals.

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Domestic servants
Martial arts
Dough figurines
Plastic sculptures

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Monday, February 25, 2008

Learn mandarin - Olympic mascots fly in Beijing

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�� Olympic mascots fly in Beijing

�� Eye-catching "revolutionary" restaurant

�� Doraemon lures kids in Beijing

��Home>>

Olympic mascots fly in Beijing

www.chinanews.cn 2007-07-06 16:04:04

56 representatives from 56 Chinese ethnic groups fly a 100-meter-long
huge kite with the images of Olympic mascots in Beijing July 5, 2007,
marking the 400-day countdown to the opening of 2008 Beijing Olympic
Games.

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Dough figurines
Plastic sculptures
Dinosaur fossil
Railway station

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Learn Chinese, Learn mandarin, Learning Materials, Mandarin audio lessons, Chinese writing lessons, Chinese vocabulary lists, About chinese characters, News in Chinese, Go to China, Travel to China, Study in China, Teach in China, Dictionaries, Learn Chinese Painting, Your name in Chinese, Chinese calligraphy, Chinese songs, Chinese proverbs, Chinese poetry, Chinese tattoo, Beijing 2008 Olympics, Mandarin Phrasebook, Chinese editor, Pinyin editor, China Travel, Travel to Beijing, Travel to Tibet

Learn mandarin - Shenyang Olympic Stadium lights up

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�� Eggshell carving about Beijing Olympics

�� Japanese mourn for Chongqingers killed in bomb attack

�� Shenyang Olympic Stadium lights up

��Home>>

Shenyang Olympic Stadium lights up

www.chinanews.cn 2007-07-05 10:59:49

This picture of the Shenyang Wulihe Olympic Stadium was taken on July 4,
2007. Some events of the football match of the 2008 Beijing Olympic Games
will be held here.

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Summer camp
Parachutes
Sculptures
Lotus festival

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Learn Chinese, Chinese language, Learning Materials, Mandarin audio lessons, Chinese writing lessons, Chinese vocabulary lists, About chinese characters, News in Chinese, Go to China, Travel to China, Study in China, Teach in China, Dictionaries, Learn Chinese Painting, Your name in Chinese, Chinese calligraphy, Chinese songs, Chinese proverbs, Chinese poetry, Chinese tattoo, Beijing 2008 Olympics, Mandarin Phrasebook, Chinese editor, Pinyin editor, China Travel, Travel to Beijing, Travel to Tibet

Free Chinese Lesson - PLA soldiers perform parachutes

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�� Strategic oil reserve base to be established

�� China faces a task to improve skills of labor force

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�� Learn folk handiwork in summer camp

�� Yuan hits new high against US dollar

�� Models enjoy hot spring shot

��Home>>

PLA soldiers perform parachutes

www.chinanews.cn 2007-07-03 11:29:11

On July 1, the Parachute Team of the People's Liberation Army of China
gave a marvelous performance in Hong Kong to celebrate the 10th
anniversary of its returning to China.

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Nanjing pupils celebrate anniversary of HK's return
Birthday party for centenarian couple
Qing Ming Shang He Tu on stage
Human statues in Shanghai

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Free Chinese Lesson - Summer camp for Chinese and Russian students

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�� China��s promising military talents

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�� PLA soldiers perform parachutes

�� Fishing season opens in Yanghzou

�� Chinese snack expo

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Summer camp for Chinese and Russian students

www.chinanews.cn 2007-07-01 21:28:59

A special summer camp is held in Heihe, Heilongjiang Province for high
school students from both Russia and China. The pictures were taken on
July 1, 2007.

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Nanjing pupils celebrate anniversary of HK's return
Birthday party for centenarian couple
Qing Ming Shang He Tu on stage
Human statues in Shanghai

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Learn Chinese online - Shanghai and HK: Strength in synergy

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�� New social stratum contributes greatly to society

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�� Nanjing pupils celebrate anniversary of HK's return

�� Birthday party for centenarian couple

�� Qing Ming Shang He Tu on stage

��Home>>Business

Shanghai and HK: Strength in synergy

www.chinanews.cn 2007-06-29 10:36:28

(Source: China Daily)

BEIJING, June 29 -- Discovering that size does matter, stock exchanges
around the world are rushing to establish alliances and partnerships with
one another that could lead to outright mergers and acquisitions.
The London Stock Exchange recently announced it has bought Italy's Borsa
Italiana SpA for 1.63 billion euros. Weeks before that, Tokyo Stock
Exchange said it has bought a 4.99 percent stake in Singapore Exchange
Ltd to enhance cooperation on derivatives business between the two
bourses.
This cooperation between two Asian bourses has given a renewed impetus to
the idea of creating a link between the Hong Kong stock exchange (HKSE)
and the Shanghai and Shenzhen exchanges as many mainland companies are
listed on both bourses.
Economists and analysts say stock exchanges are being prompted to look
for partners by rising trading costs, fierce competition in wooing
companies to list, fast-growing derivative products and the ballooning
turnover of hedge funds.
"International stock exchanges are in a hurry to expand their businesses
to vie for the limited capital market resources," said Sun Lijian, a
professor with Fudan University.
"Stock exchanges are seeking cooperation in different areas to provide
differential services to clients, and avoid the fierce competition with
sub-market leaders," he added.
For example, the Tokyo Stock Exchange is beginning to focus on the
derivative market instead of providing the traditional capital settlement
service, which is Hong Kong's main strength.
Asked if similar possibilities of merger and acquisition exists between
Hong Kong and Shanghai stock exchanges, Zhou Wenyao, the admin president
of HKSE, told Security Times that there is no such possibility at the
moment because the renminbi is not freely convertible and the mainland
stock exchange has not been listed.
"Besides, the restriction of capital account has not been totally eased,"
said Sun.
But the benefits from a merger of two bourses, if it ever happens, are
enormous.
Joseph Yam, chief executive of the Hong Kong Monetary Authority (HKMA),
said in his recent report: "It's clear, at least to me, that there would
be big advantages if the two markets were linked: overall liquidity would
be increased, price discovery would be made more efficient, market
discipline would be promoted, and it would be easier for market players,
intermediaries and the authorities to manage risks."
The mainland is now the fourth-largest economy in the world in terms of
gross domestic product, the third-largest trading nation, and the largest
holder of foreign reserves.
"The creation of a channel between the two markets will allow them to
function as one and enjoy the benefits of one, much larger market," he
said.
Shanghai Stock Exchange (SSE) now ranks ninth in the world in terms of
total market value and seventh by total turnover, according to statistics
from the World Federation of Exchanges.
In the past six months alone, the market capitalization in SSE has
increased 99 percent to 14.2 trillion yuan, while the daily turnover is
up 455 percent to 133 billion yuan.
Meanwhile, the average daily turnover at HKSE was as high as HK$33.9
billion in 2006, up 85 percent from the year before. Its net profit was
up 88 percent to HK$2.519 billion.
The only cooperation between the Shanghai and Hong Kong stock exchanges
till now is the memorandum of understanding (MOU) signed in May 2002 on
staff training exchange.
Yam said the Hong Kong stock exchange, together with the Shanghai and
Shenzhen bourses, organized two working groups last year to research on
how to improve the mechanism of an "A+H" listing, including the
simultaneous trading suspension, suspension-lifting rules, and
synchronous price quoting.
"If we are to achieve that channel between the mainland and Hong Kong
financial markets, it will be necessary for the authorities in both
jurisdictions to establish a working relationship between the two
financial systems that will enable the country to benefit from the
opportunities arising from the differences between them," said Yam in his
report.
The bourse acquisition spree began with the New York Stock Exchange
buying 91.42 percent shares of Pan-European Stock Exchange for $11
billion last June. The stock-trading platform, currently connecting New
York, Paris, Brussels, Amsterdam, Lisbon and London, has an average daily
turnover of $120 billion.

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Birthday party for centenarian couple
Qing Ming Shang He Tu on stage
Human statues in Shanghai

Sunday, February 24, 2008

Free Chinese Lesson - 800-year old twin camphor tree

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�� Dalianers enjoy roller-skating

�� World��s longest sea bridge bestrides Hangzhou Bay

�� Marvellous Hukou Waterfall

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800-year old twin camphor tree

www.chinanews.cn 2007-06-27 11:37:30

This is the picture of a twin camphor tree in Jishui, Jiangxi Province.
It is more than 20 meters tall, and is said to be over 800 years old.

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Shanghai International Film Festival
Root sculpture like the map of China
Feast for elders in Hong Kong
CIEPEC 2007 in Beijing

Learn mandarin - Illegal kilns in Shanxi closed down

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�� New social strata shoulder more social responsibilities

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�� Qing Ming Shang He Tu on stage

�� Three Gorges Dam discharges flood

�� Qing Ming Shang He Tu carved on bamboo slips

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Illegal kilns in Shanxi closed down

www.chinanews.cn 2007-06-25 11:50:58

These pictures were taken on June 24, in Hongtong County in Shanxi
Province, at an illegal brick kiln, after it having been closed down.

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Earliest seismpgraph reproduced
Competition for volutary fire fighters
Wedding dresses expo
Mini lotuses in Suzhou

Learn Mandarin online - Feast for elders in Hong Kong

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�� New social stratum contributes greatly to society

�� New social strata shoulder more social responsibilities

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�� CIEPEC 2007 in Beijing

�� Ice bar in Shanghai

�� China vows to offer more assistance to Iraq

��Home>>

Feast for elders in Hong Kong

www.chinanews.cn 2007-06-23 16:13:00

On the evening of June 21, Hong Kong SAR hosted a grand feast to treat
1,000 elders there, as a celebration to the forthcoming 10th anniversary
of the establishment of the SAR on July 1.

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Earliest seismpgraph reproduced
Competition for volutary fire fighters
Wedding dresses expo
Mini lotuses in Suzhou

Learn Chinese - Fashion show for graduation

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�� New social stratum contributes greatly to society

�� New social strata shoulder more social responsibilities

Photos

�� Fashion show for graduation

�� Silk ball for Beijing Olympic Games

�� Lotus festival to be kicked off

��Home>>

Fashion show for graduation

www.chinanews.cn 2007-06-21 14:18:58

The students of the Institute of Textiles & Clothing of Hong Kong
Polytechnic University presented a fabulous fashion show to celebrate
their graduation on June 20.

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BLD Dolls
Monroe cakes
Famous mustache
Lavender harvest

Chinese language - Lavender fields in Xinjiang

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�� New social strata shoulder more social responsibilities

�� Chinese people adopt new ideas in moral value

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�� Lavender fields in Xinjiang

�� Reservoir breach caused damages in Shanxi

�� World's longest bidge span connects

��Home>>

Lavender fields in Xinjiang

www.chinanews.cn 2007-06-19 10:49:16

The harvest season of lavender has opened in Huocheng, Xinjiang Uygur
Autonomous Region, and the pictures were taken on June 18, in the
beautiful lavender fileds there.

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Tattoo show
Sand sculpture
Dog show
Dragon-boat

Saturday, February 23, 2008

Learn mandarin - Dragon-boat contest in Xiamen

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�� Chinese people adopt new ideas in moral value

�� Stock tumble won't affect bullish performance in the long run, expert

Photos

�� International Lion-Dance Contest

�� Old kungfu master in Yichang

�� Ancient phosphorite on display

��Home>>

Dragon-boat contest in Xiamen

www.chinanews.cn 2007-06-16 20:43:40

Xiamen hosted its second dragon-boat contest on June 16 to celebrate the
forthcoming Dragon-boat Festival (on June 19), with 61 teams from both
sides of the Taiwan Strait taking part in it.

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Colorful pandas
Flower pillars
Blood donor
Feather duster

Learn Chinese - Feather duster with sky-high price

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�� New social strata shoulder more social responsibilities

�� Chinese people adopt new ideas in moral value

�� Stock tumble won't affect bullish performance in the long run, expert

Photos

�� Annual Exhibition of Int'l Sculpture Art

�� Grand lobster feast

�� Royal chariot takes Chinese ambassador to the Buckingham

��Home>>

Feather duster with sky-high price

www.chinanews.cn 2007-06-14 18:05:49

A shop assistant was displaying a feather duster at the price of 18,000
yuan in a shop in Suzhou, Jiangsu Province, June 13, 2007. The duster was
made of the top-grade feathers from more than 1,000 cocks through over 20
stages of producing process.

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Sculpture art
Lobster feast
Royal chariot
Group dance

Learn Chinese - Inflation rate hits 27-month high

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�� Stock tumble won't affect bullish performance in the long run, expert

�� Three Gorges causing pollution in Yangtze River is "groundless", expert

Photos

�� Wahaha workers rally against takeover bid

�� Un-manned trains to operate at new airport terminal building

�� Annual Exhibition of Int'l Sculpture Art

��Home>>

Inflation rate hits 27-month high

www.chinanews.cn 2007-06-13 10:23:08

(Source: chinadaily)

A woman customer buys pork at a market in Yichang, central China's Hubei
Province in this June 5, 2007 photo. The consumer price index rose 3.4%
in May over the same period of last year, according to statistics
released on Tuesday by the National Bureau of Statistics.

June 13 - China's inflation in May hit the highest level in 27 months on
rising pork and food stuff prices, raising the pressure on the central
bank to raise interest rates.
The Consumer Price Index (CPI), a barometer of inflation, rose 3.4
percent compared with the same period of last year, the National Bureau
of Statistics said Tuesday, beating the three percent target set by the
People's Bank of China for this year.
The increase, after a 3.0 percent rise in April and a 3.3 percent growth
in March, was mainly driven by surging grain and pork prices. In May,
food prices jumped 8.3 percent, while non-food items rose 1.0 percent.
Among food products, grain prices rose 5.9 percent.
In May, the price of meat and meat products shot up 26.5 percent, and
that of fresh eggs rose by 37.1 percent. But the prices of fresh
vegetables and fruits dropped, by 2.3 percent and 11.2 percent
respectively, according to the NBS statistics.
A rise in food prices is especially sensitive because it would be felt
most strongly in the poor countryside. The NBS said the CPI rise in May
in the rural areas was 3.9 percent, and that in the urban areas was 3.1
percent.
Pork prices climbed 43 percent year-on-year in the first three weeks of
May, according to official figures released earlier. Food accounts for a
third of the consumer price index and meat for seven percent.
The newly-released figure makes May the fourth straight month that saw
inflation outpace the benchmark one-year deposit rate, eroding people's
purchasing power and making the case for an interest rates hike.
Last week, central bank governor Zhou Xiaochuan said he was "closely"
monitoring the rising food costs and will study May's CPI data before any
interest-rate change.
"Inflation is breaching the target and putting pressure on the central
bank to raise the rates," said Bank of China (Hong Kong) Ltd economist
Michael Dai in an interview with Bloomberg News. He expects the central
bank to increase interest rates twice more this year.
Tao Dong, chief regional economist for non-Japan Asia at Credit Suisse,
believes another three hikes are needed to reduce inflationary pressure
as well as to rein in soaring investment and property prices.
However, HSBC chief China economist Qu Hongbin and CITIC Securities
analyst Chen Jijun disagree. They believe rates hikes will not help curb
inflation as it is mainly caused by the tight supply of some commodities.
The central bank has raised interest rates twice this year, with the
latest coming on May 19 when the benchmark one-year deposit rate was
raised 27 basis points to 3.06 percent, while the lending rate for the
same period was increased 18 basis points to 6.57 percent.
On the timing of the next rates hike, some analysts expect it to happen
before late June as CPI has been hovering at or above three percent for
several months.
However, Shenyin Wanguo Securities chief analyst Gui Haoming put the
timeframe in July or August. The central bank raised the interest rates
just in mid-may and it usually will wait some time to see the feedback
before another move, making rates hike in June unlikely, Gui explained.
Qiu Yanying of TX Investment Consulting Co. echoed Gui's points. Qiu
expected the central bank to wait until next month's CPI is released
before deciding on further interest rates hike.
Stock market
The analysts are divided on the impact of an interest rate rise on the
stock market, which is gradually recovering after a series of slumps
caused by the stamp tax hike announced on May 29.
The influence on the equity market will be limited, as an interest rates
hike was expected, said Gui Haoming.
However, other analysts thought the market is currently at a sensitive
period and an increase in interest rates will probably result in wilder
fluctuation. They also pointed to the weak performances of banking stocks
in the last few days, which they said was caused by expectation of a
rates hike.

��PBC: Inflation still haunts China
��China has no inflation pressure in middle term
��China has admitted inflation pressures
��Steady food price rises prompt watch on inflation
��China likely to face greater inflation pressure
��China unlikely to have inflation, expert
��JP Morgen: inflation and deflation co-exist in China

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Chinese fashion
Walnut vases
Graffiti Street
Gold shoes

Chinese language - Soul's shop comes to Shanghai

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China Observer

�� Stock tumble won't affect bullish performance in the long run, expert

�� Three Gorges causing pollution in Yangtze River is "groundless", expert

�� Individual businesspeople become vulnerable group

Photos

�� Sandstorm hits South Xinjiang

�� Models present Chinese fashion

�� Walnut vases

��Home>>

Soul's shop comes to Shanghai

www.chinanews.cn 2007-06-11 15:49:11

People were attracted by special intangible commodities in a so-called
soul's shop in Shanghai June 10, 2007. Originating from Denmark and named
Flow Market, the shop sells empty bottles with all kinds of name tags,
such as "braveness", "no stress", "no junk mails", "fresh air", and
"8-hour sleep". According to a purchaser, these bottles have no practical
functions, but to improve people's confidence.

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Chinese fashion
Walnut vases
Graffiti Street
Gold shoes

Learn Chinese - Parents strong supporters of "big exam" sitters

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�� Three Gorges causing pollution in Yangtze River is "groundless", expert

�� Individual businesspeople become vulnerable group

Photos

�� 78-yr-old man takes college entrance exam

�� Parents strong supporters of "big exam" sitters

�� China into the final at Toulon for first time

��Home>>Culture��Edu

Parents strong supporters of "big exam" sitters

www.chinanews.cn 2007-06-08 15:19:12

A girl kissed her mother after examination in Shenyang, northeast China's
Liaoning Province June 7.

Parents waited anxiously outside the examination rooms in in Shenyang,
northeast China's Liaoning Province June 7.

Chinanews, Beijing, June 8 - On the morning of June 7, the first day of
the National College Entrance Examination (NCEE), many parents
accompanied their children to exam venues to encourage them.
"OK, go," said Mr. Ma to his son. However, it had taken him several hours
to think about these two simple words, and his mother said the same thing
to Ma when he was about to leave home to take the examination years ago.
Mr. Ma took part in the NCEE himself in 1977, the first year when the
NCEE was restored after a ten-year gap in the notorious ��cultural
revolution�� (1966 - 1976). "At that time, the examination wasn't the
focus of the public attention, and none of parents accompanied their
children to exam venues that day," said Mr Ma.
China's NCEE is the biggest of its kind in the world, with several
million candidates taking part every year. In Beijing alone, 125 thousand
students will compete in the current examination, and 70% of the lucky
ones will be admitted to college.
After 30 years, today's parents in China have learned how to control
their emotion in a way that will not put a heavy pressure upon their
children.
"It's hard enough for them to face the pressures from both the society
and school, thus what we parents can do is only to show our love to
them," said a father. "Besides, I firmly believe parents should be
responsible for children's failures and mistakes, so it's no use to put
any more pressures upon our kids."
"Take a deep breath and you can do it, sweet, because you have worked
hard enough!" said Zhao to her daughter.
Most parents left after the examination began, because "waiting here
won't help the children anyway."
Though both the media and the government have tried very hard not to make
a great deal of fuss about the NCEE, it has still triggered widespread
concern, as drivers are asked not to sound the horns and traffic control
is exercised around exam venues, even the working hours of construction
sites are shortened, to make sure that all the examinees will enter the
��arena�� in top form and play their best in the examination.

��NCEE papers under security
��Beijing hotels provide special service to NCEE candidates

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Chinese School - World models feel Chinese culture

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World models feel Chinese culture

www.chinanews.cn 2007-06-07 15:23:01

Candidates from 40 countries gathered in Hutang of Changzhou, Jiangsu
Province for the World Super Model Contest on June 7. They experienced
Chinese culture in this ancient Chinese town, where the World Super Model
Contest 2007 will be kicked off.

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