Chinese Premier Zhu Rongji has met with the deputy director general of the World Trade Organization, Miguel Rolriguez Mendoza, and ministers of justice from 15 countries, who are attending a symposium in Beijing on the WTO and legal services.
Zhu Rongji told them that China has completed a nationwide campaign on readjusting and improving laws and regulations according to its commitments to the WTO. He adds that the world trade body and other international organizations say this progress is very positive.
The premier says China is willing to take in and learn from the legislative, judicial and legal service practices of other countries.
Mendoza says he will further push for judicial and legal service cooperation between the WTO's developed member countries and its less developed ones.
***
Australian Prime Minister John Howard has hosted a grand banquet for visiting Chinese top legislator Li Peng and his party.
Speaking at the banquet, Howard says Australia-China relations have entered a mature development stage based on solid foundation through joint efforts. The two countries have achieved great successes in exchanges and cooperation in various fields.
He says though Australia and China have different social systems, cultures and histories, the two countries respect each other, seek common ground while reserving differences.
Li Peng praised the steady and healthy development of bialteral cooperation and said these relations will continue their good momentum so long as they respect each other and do not interfere in each other's internal affairs.
***
China has basically and preliminarily completed the historic transition from the planned economy to the market economy after 13 years’ endeavor.
China has continuously eliminated economic systems blocking the development of the productive power, basically establishing the Socialist Market-Oriented Economic System.
It represents that the market plays a fundamental role in resources allocation. And only five kinds of industrious commodities are still produced by planned order. About 90 percent commodities and service price have been decided by the market.
The layout, taking public ownership as mainstay and economy with different modes of ownership jointly developing, has been formed.
Moreover, the social ensuring system has been greatly developed.
***
At least two people, including the bomber, have been killed and several injured in a suicide attack in Northern Israel.
According to Israel Army Radio, the attack took place at a bus stop at the Umm El Fahm Junction. The bomber blew himself up after spotting policeman.
No one has yet claimed responsibility for the attack. It is the first suicide bombing since August 4 when nine Israelis were killed in a bus.
Israel has condemned the attack, saying the blast justifies Israel's continued reoccupation of the West Bank.
Palestinian leader Yasser Arafat has called for a halt to attacks against Israeli targets but some Palestinian radical groups have rejected the call.
***
North and South Korea have begun work to relink roads and railways between the two sides.
Each side held ceremonies Wednesday to mark the landmark event. Initial work includes mine-clearing in the demilitarized zone.
China has expressed its congratulations to the launching of the project.
Chinese Foreign Ministry spokesman Kong Quan says the start of the project marks a substantive step toward reconciliation between the two Koreas. He notes that, thanks to their joint efforts, relations between the two sides have improved greatly, and this is of benefit to all people on the Korean Peninsula.
Kong Quan also expresses China's hope that the two sides will continue to build trust and boost exchanges and cooperation in a spirit of reconciliation and cooperation, with the ultimate aim of peaceful reunification.
***
Shanghai Airlines plans to issue 200 million Class-A shares at a price of a little over half a dollar per share in the domestic equity market.
With the approval of the China Securities Regulatory Commission, all of the company’s initial public offering, or IPO, will be placed with investors in the secondary stock market.
According to its IPO prospectus, Shanghai Airlines plans to raise more than 120 million dollars through the share issue. It will use most of the money for acquiring new planes, building hangars at Shanghai's Pudong Airport and for an on-board e-commerce project.
The company has gone on a road show in Shanghai to report its performance and development potential to targeted investors.
Founded in 1985, Shanghai Airlines turned into a joint-stock company in 2000, with over 60 million dollars in registered capital.
It has become one of China’s strongest local airlines, with a fleet of 25 planes, over 130 flight routes, and a service network covering nearly 50 Chinese cities and five cities overseas.
***
On Wall Street, investors nervous about third-quarter earnings opted for caution Wednesday and sent stocks lower for a second day.
The Dow Jones industrials lost 35 points, reaching a six-week low to close at 8,172.
The Nasdaq composite index fell over half a percent, to 1,252.
European stocks were sharply lower in afternoon trading led by declines in the insurance and technology sectors.
London's FTSE 100 was down two and a half per cent at 3,924. Paris's CAC 40 index fell over two per cent to 3,041. And in Frankfurt, the DAX shed over three and a half per cent to 3,172.
Police have detained the main suspect in the Nanjing poisoning case, in which 38 people have been confirmed dead and six others in serious condition after eating food from a local restaurant.
The suspect, Chen Zhenping, is the owner of another restaurant. He was arrested after fleeing to Zhengzhou in central China and accused of putting rat poison in the food of his competitor’s establishment.
An investigation by the local public security department shows a commonly-used rat poison was the cause of the tragedy. The suspect has confessed his guilt, saying he was jealous of his competitor’s brisk business.
On Saturday morning, over 200 people were poisoned after eating fried dough sticks, sesame cakes and glutinous rice in a restaurant in Tangshan Town. The surviving victims are in stable condition.
*****
North and South Korea have begun work to relink roads and railways between the two sides.
Each side held ceremonies Wednesday to mark the landmark event. Initial work includes mine-clearing in the demilitarized zone.
*****
Thanks to a 10-year government plan to invest in the health of the Chinese people, starting this month, residents in Beijing will be able to add cooking oil and soy sauce fortified with vitamins and minerals to their shopping lists.
Now you'll be able to meet some of your body's daily Vitamin A requirements courtesy of the cooking oil and get some iron circulating in your veins with each dip of your soy sauce.
1--Do you want black or white coffee?
2--White, please.
1--Look! There's a folk concert tomorrow evening.
Do you want to go?
2--I don't like folk music very much.
1--What kind of music do you like?
2--I like classical music. Do you?
1--Not very much. Classical music sends me to sleep.
2--I don't believe you.
1--It's true.
2--You are funny!
1--So are you! How about another coffee?
===================================
注解：
1）black or white coffee：加糖或加牛奶的称作white
coffee.什么也不加的称作black coffee.
2）folk concert：民间音乐会。folk作“民间的”、
“具有民族传说的”解。如folk dance，folk music,
folk songs, folk tale等。
3）classical：经典的。如classical music, classical
literature等。
4）How about...?（你以为）...怎么样？征询对方的意见时
常用的句型。如，征询关于时间安排的意见时，可以说How
about tomorrow？征询活动内容时可以说How about playing
tennis now?征询人选意见可以说How about Jane?等
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