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Verbatim
2006/04/14
"The point is not how often we go through
Chang'an Avenue but that we are finally treated on par with
big-car drivers."
Zhu Chuanxin, a driver of a 0.8-litre Alto,
who lives in the southern suburbs of Beijing, commented after
the government began allowing drivers of small-engine cars to
zip along Beijing's swankiest avenue and the city's two busiest
expressways. The government lifted its long-time ban on
small-displacement cars on April 1.
"The purpose of the law is to safeguard the
legal rights and interests of labourers."
Rui Lixin, deputy director with the legal
affairs department of the Ministry of Labour and Social
Security, said of the latest draft of a law designed to bring
ordinary workers under the protection of labour contracts at a
press conference in Beijing on March 20.
"From a long-term point of view, we have
this intention, but in the near term we have no concrete
plans."
Zhang Jianguo, the president of the Bank of
Communications (BoCom), told a financial forum on March 20 in
Beijing that BoCom, which lists shares in Hong Kong, has no
plans imminent plans to sell shares on mainland exchanges so
long as current limits on foreign investors remains in
place.
"And hopefully, in the very near future, we
can see Chinese players ranked among the world's top 10, while
wearing Li-Ning shirts."
Brad Drewett, the former Australian
professional player and ATP regional CEO, who brought the ATP
Masters Cup, the world's governing body for professional men's
tennis, to China, said while discussing a partnership contract
with Chinese sporting goods giant Li-Ning Sports Good
Corporation on March 17.
"Consumers have a right to learn
the truth before they pay for certain
services…"
Following crackdowns on hidden prices in various commercial
promotions since the beginning of this year, the National
Development and Reform Commission said it will launch a
two-month campaign against the practice next month, China Daily
reported on March 21, Li Lei, an official from
the price supervision office under the commission, said.
"In the past five years, we have enjoyed
average double-digit, like-for-like growth and we continue to
see double-digits as a trend in our forecast for our next five
years."
David Wei, president of B&Q China,
addressed reporters at an academic event at a Shanghai
university on March 21. The do-it-yourself chain B&Q, part
of Britain's top home-improvement retailer Kingfisher, expects
same store sales in China to grow at a double-digit rates over
the next five years.
"With the successful implementation of the
plans, CAS will be among the world's top-five research bodies
in terms of innovative research output by 2010 and in the
world's top three by 2020."
Lu Yongxiang, the president of the Chinese
Academy of Sciences (CAS) and the vice-chairman of the Standing
Committee of the National People's Congress, said that the CAS
will concentrate its efforts on 40 key research areas in the
coming 15 years to help China's ambitious plan of becoming an
"innovative nation."
"To maintain the current low birth rate,
the family planning policy must not
change."
Zhang Weiqing, minister in charge of the
National Population and Family Planning Commission, said during
an online interview via the commission's Web site. China will
not change its family planning policy because it is facing its
fourth baby boom in 50 years.
"US$1 billion was paid in but we have spent
some US$750 million."
Jack Ma, Alibaba CEO, said at a search engine
conference in Nanjing. Chinese e-commerce company Alibaba.com
has spent three-fourths of the?US$1 billion in cash that Yahoo!
paid for its 40 percent stake in Alibaba last summer. The money
was spent on research and development and other projects.
"We are now more than just a policy
bank."
Chen Yuan, governor of the China Development
Bank (CDB), said that the bank will strengthen operations in
development financing to fuel the continuous growth of the
national economy, on March 22.
"This expansion is an important next step for
us to enhance our global product innovation and to support our
business growth in China and around the
world."
Michael Dell, chairman of Dell Computer
Corporation, said in a statement that the world's leading
producer of personal computers plans to create 200 new jobs and
ramp up investment in China because of strong sales
growth.