Chinese Foreign Ministry spokeswoman Zhang Qiyue has announced that President Jiang Zemin will visit the United States from October 22 to 25.
During the visit, President Jiang Zemin and US President George W. Bush will exchange ideas on issues of common concern.
Zhang Qiyue says Sino-US relations have maintained a positive momentum on the whole, and bilateral cooperation in the economy and trade and the fight against terrorism has progressed.
Zhang Qiyue says both governments attach great importance to the visit, and are busy making preparations.
After the US trip, the Chinese president will fly to Mexico to attend the 10th leader's summit of the Asian Pacific Economic Cooperation, or APEC.
***
Chinese Premier Zhu Rongji has held talks with his visiting Mozambican counterpart Pascoal Manuel Mocumbi in Beijing on bilateral relations. The two leaders spoke highly of the development of bilateral ties and reached consensus on the further development of Sino-Mozambican relations.
Zhu Rongji says China values the traditional friendship between the two countries and is willing to make joint efforts to bring bilateral ties to a new high. He stresses that trade and economic cooperation between the two countries are mutually beneficial and that there are good prospects for cooperation.
The Chinese premier also hopes that China will cooperate with African countries to let the China-Africa Forum play a positive role in promoting Sino-African cooperation.
Mocumbi says his country would like to maintain close consultation and cooperation with China in international affairs to jointly deal with the changing world situation. He says Mozambique hopes to enhance cooperation with China by learning from China’s experience in agriculture and the building of economic development zones so as to attract more Chinese firms to invest in his country.
Mocumibi reiterates that his country adheres to the One China policy.
***
China Telecom is reportedly pondering on increasing its dividend payout to one-third of its profits to lure investors.
The country's largest fixed-line carrier is preparing its giant initial public offering in Hong Kong and New York, possibly next month. The IPO will be worth three to four billion US dollars.
China Telecom had originally planned to pay 20 percent of its profits as a dividend. But its bankers advise that higher payout maybe necessary to woo investors who are worried by the woeful market for telecoms stocks.
A formal IPO price range and dividend policy can be expected to be finalized today.
***
A Hong Kong official says that exporters will continue to suffer from the US port lockout as buyers renege on deals and try to buy stock at rock-bottom prices.
Hong Kong Shippers Council's Executive Director Sunny Ho says that though the 10-day strike has ended, the lockout will affect future orders because of uncertainty as to whether goods can be delivered on time. There is a good chance that buyers will ask for a lower prices because the supplier did not deliver within the specified time period.
Sunny Ho added that no matter how quickly workers in the U.S. unload containers, it will take up to two months before the backlog is cleared and operations return to normal.
He added that the Hong Kong government has set up a coordinating body to prevent port congestion. Though there is minimal backlog in Hong Kong, it would still take at least two weeks for shipping lines to resume normal operations.
***
3 American women of Chinese origin have received the prestigious New York Asian Women in Business award. They are Gu Long, Zhang Yufen and Zhu Bihua.
Raised in Texas, Gu Long was the first woman to manage the Pacific Bell telephone company. She is the founder and chairwoman of California-based Interstate Telecommunications.
Zhang Yufen is an immigrant from Taiwan. She used to work at AT&T, Bell Laboratories, and later founded her own company Integrated Solutions. Now the company turns over 6 million US dollars in revenue each year.
Harvard MBA Zhu Bihua once worked in Salomon Brothers, and now works in Salomon Smith Barney as the company's director.
Asian Women in Business is a non-profit consultancy service providing aid to Asian business women in the US. The organisation has helped over 4000 people since it was founded in 1995.
This year's award ceremony will be held next Wednesday in New York.
***
US Stocks rallied Thursday, boosted by encouraging news on jobless claims and upbeat outlooks from Yahoo.
The Dow Jones industrial average climbed 3.4 percent, to close at 7534. And the Nasdaq composite index rose 4.4 percent, to end at 1163.
Over in European, stock markets were volatile on Thursday, but investors did not appear bothered by the Bank of England and the European Central Bank's decisions to leave interest rates unchanged.
The London FTSE 100-share index rose 0.9 percent, to 3777; the CAC 40 Index in Paris gained 3.8 percent, to end at 2759; and Frankfurt's Xetra DAX climbed 5.2 percent, to 2733 points.
Sources from relevant Chinese government departments say media from home and abroad are welcome to cover the 16th National Congress of the Chinese Communist Party scheduled in November.
Sources say journalists from Hong Kong and Macao Special Administrative Regions can apply to the Liaison Offices of the Central government in the two regions. Taiwan reporters can apply to the Taiwan Affairs Office of the State Council, foreign reporters to their country's Chinese embassy, and resident correspondents in Beijing to the Information Department of the Chinese Foreign Ministry.
The deadline for the application is November 2nd.
During the Congress, an information center will be set up to organize reporters activities and press conferences, and to provide services for journalists' reporting work.
*****
Private investment accounts for half the total investment in infrastructure projects in Shanghai, China’s industrial and financial hub.
Latest official figures show that fixed asset investment in Shanghai totaled 15 billion US dollars in the first eight months of 2002, a year-on-year rise of 30 percent. Money from the government accounted for just over one percent of the total.
And Shanghai's fixed asset investment is tipped to top a record 25 billion US dollars by the end of this year.
Moreover, 70 percent of investment in the city’s expressway projects has come from private investors.
*****
South Korea's largest automaker, Hyundai Motor Company, and affiliate Kia Motors Corporation plan to lift production in China to 811,000 vehicles by 2010 from 34,000 this year.
The Korea Economic Daily reports that Hyundai and Kia plan to produce the EF Sonata and Optima mid-sized passenger cars in China this year through existing joint ventures.
By 2005, the two South Korean automakers plan to set up dealerships in Chinese cities. Also beginning in 2005, both automakers are expected to produce small trucks and vans in China.
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
Conversation A
(Emily comes into the living room on a Saturday morning.)
Emily : Hi, Mom. I need to talk to you.
Sue : OK. What about?
Emily : I don't really like the way I look.
Sue : What? Why not?
Emily : I'm tired of my hairstyle.
Sue : What's wrong with it? I like it.
Emily : A lot of my friends have cool new hairstyles. But I've had the same hairstyle for three years!
Sue : Is that all? Well, we can easily fix that!
Conversation B
Emily : Great! But can I go to a real hair salon this time? I know we save money by going to Cheap Cuts, but . . .
Sue : Sure. I think we can afford one haircut at a nicer place.
Emily : Actually, I don't want a haircut. I want long hair, so I'm letting it grow.
Sue : If you don't want a haircut, then what do you want?
Emily : Well, that's what I want to talk to you about.
Conversation C
Sue : Do you want a perm?
Emily : No. Straight hair is in style right now. But can I dye it?
Sue : Maybe. What color?
Emily : Well, Brittany just dyed hers blue, and it looks really cool!
Sue : You may not dye your hair blue!
Emily : Purple? Green?
Sue : Are you kidding?
Emily : No. A lot of kids at school are doing it.
Sue : You may dye your hair, but no strange colors!
Sally : Oh, OK.
Key Words
hairstyle (n)
Grace has long hair. But now she wants a shorter hairstyle.
hair salon (n phr)
I never go to hair salons. My mom cuts my hair.
to grow (v)
Wow, your son is so tall! He's grown a lot since last summer!
perm (n)
My hair is straight. I want to get a perm.
to dye (v)
Lisa's hair is black, but she dyed it red.
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