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October 31, 2003 - November 7, 2003
Banking Sector Opens up
The China Banking Regulatory Commission announced yesterday that starting from December 1, foreign banks will be allowed to conduct renminbi business with Chinese enterprises in cities that have already opened up the local-currency business.
World Economic Development Declaration Issued
The World Economic Development Declaration Conference, held in Zhuhai, south China's Guangdong Province, issued the Zhuhai Declaration, also called the World Economic Development Declaration, Thursday.
Guangxi Builds Huge Hydraulic Power Station
The roaring Hongshui River in south China's Guangxi Zhuang Autonomous Region was successfully dammed Thursday morning to pave the way for the construction of a huge hydraulic power station.
Sri Lankan President Declares a State of Emergency
Sri Lankan President Chandrika Kumaratunga on Wednesday declared a state of emergency to prevent tension in the country following her sacking of three key government ministers the previous day, officials said.
Soldiers to Be Demobilized Ahead of Schedule
This winter, a great number of soldiers in their service terms will be released from active military duty to meet the need of disarmament, according to a notice issued by the State Council and the Central Military Commission.
Fire Kills 14 Firemen, Injures 16
Fourteen fire fighters have been killed and 16 injured, while another 6 fire fighters are still missing, as of 5 a.m. today, in a fire that broke out in Hengyang City, south China's Hunan Province.
PLA Pilots Display Spectacular Aerobatics
Stunt pilots from the People's Liberation Army (PLA) Air Force exhibited their superb flying feats Monday, dazzling 11,000 viewers with spectacular aerobatic performances at Nanyuan Airport in the southern suburbs of Beijing.
China, Pakistan Highlight Cooperation in Beijing
China's new leadership cherishes long-standing Sino-Pakistani relations and will work with Pakistan to continuously push forward cooperation, said President Hu Jintao yesterday when meeting with visiting Pakistani President Pervez Musharraf.
China's Strong Growth a Positive Force in Asia: WB Official
China's continued strong economic growth is a major positive force in Asia, said Jemal-ud-din Kassum, a World Bank (WB) vice president in charge of the East Asia and Pacific Region, at the 2003 annual conference of the Boao Forum for Asia.
Cities Face Water Crisis
Over half of China's 668 cities are facing severe shortages of adequate underground water. Illnesses related to unhygienic water still exist in many areas, leaving over 70 million people using sub-standard underground water.
Premier Calls for Win-Win Development Path for Asia
In his speech addressing Boao Forum for Asia Sunday morning, Chinese Premier Wen Jiabao said that to create a win-win situation through closer cooperation and stronger efforts for development is the only way to make Asia's renewal possible.
week
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