Chinese President Jiang Zemin has made a speech at the just ended APEC Economic Leaders Summit in Los Cabos, Mexico, stressing regional economic stability, the important role of the WTO and the fight against terrorism.
President Jiang said no country can realize development behind closed doors in the world today. Given the risks and difficulties in global and regional economies, he said it is all the more essential to strengthen coordination and cooperation with one another.
Jiang noted that a sound multilateral trading system and fair trading environment are key guarantees for a sustained and steady growth in world trade. He said that while a new round of multilateral trade negotiations has been launched, its progress has been slow.
Jiang Zemin emphasized that as a victim of terrorism, China strongly condemns and opposes all forms of terrorism and reaffirms its support for international efforts against terrorism.
In the wake of the deadly bombing on the Indonesian island of Bali, a series of terrorist attacks in the Philippines and the hostage-taking by Chechen separatists in Moscow, global security issues have dominated the 10th annual APEC Economic Leaders' Meeting. The meeting was originally intended to discuss more economic issues.
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Representatives attending the Tenth informal APEC summit meeting in Mexico have reached a consensus on anti-terrorism.
They've issued a statement, which stresses all members should make greater efforts to crack down on sources of funding for terrorists and strengthen cooperation in airport security.
It notes that terrorism has posed threats to all APEC members. And they should unite to eliminate the threats of terrorism.
Representatives from 21 APEC members, including Chinese President Jiang Zemin and US President George W. Bush, attended the summit meeting.
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China’s policy on expanding domestic demand has ensured the steady growth of its economy.
Since 1998, China has used national debts of 660 billion yuan, or about 80 billion US dollars, to build up its infrastructure facilities and industries.
China has also taken a series of actions to stimulate its domestic demand and build a sound social welfare system, including prolonged holidays, and improved consumer and environmental policies .
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China's law-making body is considering a set of new rules that will forbid the investment of insurance funds in non-insuranc or non-securities.
China's draft revised insurance law will forbid the investment of insurance funds in non-insurance or non-securities enterprises, state media reported.
The restriction is designed to reduce risk in insurance fund investment, official Xinhua News Agency reported late Friday.
The draft law is now with the Standing Committee of the Ninth National People's Congress on for a third round of consideration.
The NPC basically thinks the draft law's ban on direct investment of insurance funds in commercial enterprises is common in the international insurance business and won't affect the indirect investment of insurance funds in the capital market.
China state-owned insurance companies are bracing for the impact of foreign competition in line with the country's World Trade Organization agreement that will lift restrictions on foreign investment in the sector in 2004.
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China's four major banks-- the Commercial Bank, Construction Bank, Bank of China and Agriculture Bank-- have made the magazine “Asian Bankers” top-ten banks list.
The Commercial Bank ranked fifth with a total volume of 521 billion US dollars. The Construction Bank and the Bank of China ranked 7th and 9th, respectively, while the Agriculture Bank rounded out the top ten.
The four banks landing at the top of this year's list are all Japanese ones.
The magzaine's editors note that capital revenue at the Chinese banks lags behind the average revenue level among all Asian banks except Japanese and Pakistani ones despite placing high in terms of total volume. The non-performing loan rate at the banks is also relatively high.
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Honda Motor Company, Guangzhou Automobile Group and Dongfeng Automobile Company have announced plans to set up a joint-venture company in Guangzhou to produce automobiles mainly for export.
Honda will have a controlling stake in the venture. The plan has been submitted to Chinese authorities for approval.
The new company will produce sedans in China for sale abroad using Honda's global sales network.
Honda and Dongfeng have a long-standing cooperative relationship. Dongfeng currently manufactures engines and a few other parts for Guangzhou Honda.
In view of China's huge auto market, Honda will work to develop more models suitable for Chinese consumers and will also introduce more of its popular models to China.
According to experts, China is in the process of transforming itself from a car consumption nation to a car production nation, which is permitting a growing number of world-famous auto manufacturers to enter the market.
Mainland and Taiwan experts in Hangzhou, capital of Zhejiang Province have called for greater agricultural cooperation across the Taiwan Straits.
The experts, who include people from universities and research institutes in the mainland and Taiwan, agreed that farmers on both sides of the Straits should work together to explore the international market.
WTO entry on both sides of the Taiwan Straits has granted wider access to the mainland and Taiwan markets, which has, in turn, created a more efficient and orderly competitive environment for cross-Straits cooperation on agriculture.
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The Beijing municipal Development Planning Committee says the city will invite international bids beginning Monday on the construction of Olympic venues.
The city will first review the qualifications of the bidders. Then, it will select the best candidate during the second round of decisions.
The bidding is to close in July 2003.
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An anti-piracy committee of China’s copyright society has been created in Beijing to fight against copyright infringement activities.
The aim of the committee is to combat pirated products, uphold lawful copyrights and thus set up an integrated action mechanism to crack down on copyright infringement activities in a timely and efficient manner.
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Microsoft China has signed a deal with the largest technology park in China, Shanghai's Pudong Software Park, to set up its own technology center.
Microsoft says the deal represents a milestone in the cooperative relationship between the two sides, adding that China has the some of the best software specialists in the world.
The software park, based in Shanghai's booming Pudong New District, is a state-of-the-art facility with more than 1000 software companies including those sponsored by Sony and Citibank.
The park represents about one-third of China's IT market.
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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