BEIJING, May 25 Asia Pulse - Highlights of today's newspapers:
- Chinese President Hu Jintao has expressed satisfaction with graduate students from Peking University who volunteered to teach in the western regions.
Hu wrote back to 18 volunteers on May 10, after he received a letter from the students who are now teaching in west China' s Tibet, Qinghai, Yunnan and Xinjiang.
"Despite hardships and with wholehearted devotion, you have played a positive role in boosting education in the western regions, and you have gained experiences, strengthened mind and improved abilities through grassroots practice," Hu said. "I am very satisfied with the progress you have made."
- Chinese Vice Premier Li Keqiang has called for the development of surveying and mapping services and better use of geographical information to serve the country's development.
Li visited an innovation base of the national surveying and mapping services and met with a group of top researchers on Monday, according to a statement issued by his office on Tuesday.
He said China attached great importance to the development of geographic information surveying and mapping sector because it is vital to the development of new industries, such as internet of things and the development of digital cities.
PEOPLE'S DAILY OVERSEAS EDITION:
- China's top legislator Wu Bangguo arrived in Cape Town on Tuesday, starting an official good-will visit to South Africa at the invitation of Speaker of South African National Assembly Max Sisulu.
In a written statement issued upon his arrival, Wu, chairman of China's National People's Congress (NPC) Standing Committee, China's top legislature, hailed that the China-South Africa relationship had advanced in an all-round way since the two countries established diplomatic ties in 1998.
- Chinese Vice President Xi Jinping met with Iranian Foreign Minister Ali Akbar Salehi on Tuesday, pledging to work closely with Teheran on the bilateral relationship.
Salehi came to Beijing on Sunday for a three-day visit, which coincided with the 40th anniversary of the establishment of China-Iran diplomatic ties.
Xi welcomed Salehi to China, his first since becoming foreign minister in January, saying the visit reflects the tremendous attention Iran gives to its relationship with China.
XINHUA DAILY TELEGRAPH:
- Chinese courts were told on Tuesday to pronounce a two-year suspension of execution for condemned criminals if an immediate execution is not deemed necessary.
The Supreme People's Court (SPC) said, in an annual report of the work of people's courts, that death penalty should only be applied to "a very small number" of criminals who have committed "extremely serious crimes."
Under the policy of "justice tempered with mercy," capital punishment reprieves should be granted as long as they are allowed by law, the supreme court said.
The people's courts have shown respect, in the use of death penalty, for the right to life, which is the most basic human rights, the report said.
- China's cell phone user grew by 41.39 million in the first four months of 2011 to 900.39 million in total, covering nearly two-thirds of the nation's population, according to the Ministry of Industry and Information Technology (MIIT).
The number of telephone subscribers exceeded 1.19 billion by the end of April, with the number of fixed-line subscribers dropping by 2.93 million to 291.45 million, according to statistics released Tuesday by the MIIT on its website.
By the end of April, third generation (3G) mobile telecommunication users in China reached 67.57 million, 20.52 million more than that of the end of 2010.
The number of broadband Internet users increased by 9.58 million in the Jan.-April period to 135.92 million, while the number of dial-up connection users dropped by 130,000 to 5.77 million.
GUANGMING DAILY:
- Authorities of Beijing, the capital city of China, are considering empowering the city's cultural relics preservation regulator with rights to veto any construction projects that could do harm to cultural and historic relics in the city.
The municipality's political advisory body, Beijing People's Political Consultative Conference, has advised this to the city government in a research report jointly conducted with Beijing Union University, calling on cultural relics regulator to supervise construction projects such as house developments in the city to better protect the relics of the city's history and culture.
CHINA SECURITIES JOURNAL"
- Citic Securities announced Wednesday it would sell 51 per cent stake in China Asset Management, China's leading public fund management firm, at a price of 7.56 billion yuan at least.
According to the announcement, the transaction, which has been approved by the State Asset Supervision and Administration Commission (SASAC), will be quoted in an asset and equity exchange in China.
China Asset Management was founded in April 1998. Citic Securities holds 100 per cent stake of the company. However, the China Securities Regulatory Commission (CSRC), the government regulator, has banned a single shareholder to hold more than 49 per cent stake in any public fund management company.
- China posted surpluses under both the current account and capital and financial account in the first quarter, according to data released by the State Administration of Foreign Exchange (SAFE) on Tuesday.
The surplus under the current account, which measures China's foreign trade, reached 29.8 billion U.S. dollars in the first quarter, down 18 per cent from a year earlier, SAFE said on its website. For the capital and financial account, China reported a surplus of 111.4 billion U.S. dollars, including 42.6 billion U.S. dollars of net inflow of foreign direct investment (FDI), according to the SAFE.
The surpluses under the current and capital and financial accounts raised China's international reserve assets by 141.2 billion U.S. dollars in the first quarter, of which 138 billion U.S. dollars was kept as foreign exchange reserves.
SHANGHAI SECURITIES NEWS:
- To better implement the measures to put house price in check and cool down overheated real estate industry, the Ministry of Housing and Urban-Rural Development (MOHURD) would make further efforts to maintain housing market supply and demand roughly in balance, house-type structure reasonable and house price basically in stable, Ni Hong, head of MOHURD's Department on Housing Reform and Development, said Tuesday.
The MOHURD official stressed that speculative investments and profit-oriented investment in houses will be strictly scrutinized by the government.
Meanwhile, the ministry will have the house price to harmonize with the country's economic and social development and with government's policy on the development of real estate industry.
- The reshuffle of China's State-owned enterprises (SOEs) received a new boost as Guoxin Corp., a state-owned asset management platform, started operation by taking over Huaxin Group, under the arrangement of SASAC.
This is the first time Guoxin Corp. plays the role as a platform to pool state-owned assets for future reshuffle.
Shao Ning, deputy director of SASAC, said the acquisition of Huaxin Group's assets signaled formal operation of Guoxin Corp.
(XIC) nt 25-05 1515
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