ecns [expanded by feedex.net]
ecns
5.3-magnitude quake hits Xinjiang: CENC
http://www.ecns.cn/2013/12-01/90760.shtml
Dec 1st 2013, 08:54
2013-12-01 17:54 Xinhua
A 5.3-magnitude earthquake jolted Xinjiang Uygur Autonomous Region at 4:34 p.m. Sunday (Beijing Time), according to the China Earthquake Networks Center.
The epicenter, with a depth of 9 km, was at 40.3 degrees north latitude and 79.0 degrees east longitude, the center said in a statement.
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Sunday, December 1, 2013
ecns [expanded by feedex.net]: Aging China wants fairer, efficient social insurance
ecns [expanded by feedex.net]
ecns
Aging China wants fairer, efficient social insurance
http://www.ecns.cn/2013/12-01/90761.shtml
Dec 1st 2013, 08:59
2013-12-01 17:59 Xinhua Web Editor: Yao Lan
Wang Hong, a 31-year-old woman and stay-at-home mother in South China's Haikou City, is worried about her future pension as she stopped paying social insurance four years ago.
After paying the insurance for five years while at work, Wang quit her hotel job to look after her child. With her child now 3 years old, Wang Hong, not her real name, is looking for a new job. But she is hesitant about paying the insurance she has missed for the past four years.
"I don't know what will happen to my money in a social insurance account with possible inflation and other risks. It feels safer to keep it in my own pocket," she said.
In China, 38 million people stopped paying social insurance this year, either before or after reaching the pension-receiving threshold of 15 years.
Laid-off workers, employees in cash-strapped small companies and migrant workers are the majority of those who have stopped paying the insurance halfway through, according to Cui Peng, a research fellow with People's Insurance Company of China.
Social insurance funds cover basic endowment for senior citizens, basic medicare, unemployment, work-related injury and maternity.
The spending of endowment insurance funds, a key part of social insurance, grew 22 percent in 2012 year on year, while its revenue increased by 19 percent, according to the Ministry of Finance last week. This poses challenges for future pension payments.
According to the Ministry of Human Resources and Social Security, at the end of 2012 about 210 million urban employees paid endowment insurance.
Endowment insurance is paid by staff and the company, 8 percent and 20 percent of his or her wage respectively.
The money from companies is used to meet current pension demands while personal payments are accumulated for his or her own future pension after retirement.
However, as China's population ages, personal payments are often used to supplement growing current pension demands.
According to a research report by Chinese Academy of Social Sciences, by the end of 2011, more than 2 trillion yuan in the personal pension account was transferred to pay retirees.
Since 2011, pilot trials in northern China's Liaoning, Heilongjiang and 11 other provinces have been set up to ensure the personal pension account is untapped. However, little progress has been made due to fiscal problems.
Debate over changing the retirement age, complaints over differentiated insurance policies for government and non-government employees and doubts about the amount in the pension pot have all influenced people to stop paying social insurance halfway through.
A post on a forum on SZnews.com claiming a personal monthly deposit of 500 yuan in a bank would pay better than paying social insurance went viral in early November. It caused public anxiety.
"After thirty years of monthly deposits of 500 yuan, one would receive about 3,400 yuan per month with interest. Why is it necessary to bother the country for our pension?" netizen Wangbufuzhao said in the post.
However, the picture is not that rosy, said Ye Tan, a commentator on economics, citing that inflation, economic cycle fluctuation and other risks may compromise a stable and reassuring post-retirement life.
"The pension system designed by government in theory can provide basic old age care, but current policies' lack of fairness and efficiency has dampened public confidence," Ye said.
"It is impossible to solely rely on the insurance payment of companies and staff to pay all pensions," said Tang Jun, Secretary of Social Policies Research Center with Chinese Academy of Social Sciences.
China has the largest senior population in the world, with 194 million people at or above the age of 60 at the end of last year, according to the China National Committee on Aging.
This age group is expected to grow to 243 million by 2020 and by 2050, one third of the population will be aged over 60.
With an aging society, fewer people are paying social insurance while more people are taking a pension. A government fiscal subsidy and a state-owned capital supplement should be in place to support pension payments, Tang said.
The recently concluded key Communist Party of China meeting proposed to lower the social insurance premium rate and transfer a certain amount of state capital to support social insurance funds.
"As is the case in developed countries, the public should pay a certain amount of income-based insurance and all receive a similar amount as a basic pension, while those who pay more can get more in supplement," Tang said. "The social insurance system should balance fairness and efficiency to motivate and reassure the public."
0)
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ecns
Aging China wants fairer, efficient social insurance
http://www.ecns.cn/2013/12-01/90761.shtml
Dec 1st 2013, 08:59
2013-12-01 17:59 Xinhua Web Editor: Yao Lan
Wang Hong, a 31-year-old woman and stay-at-home mother in South China's Haikou City, is worried about her future pension as she stopped paying social insurance four years ago.
After paying the insurance for five years while at work, Wang quit her hotel job to look after her child. With her child now 3 years old, Wang Hong, not her real name, is looking for a new job. But she is hesitant about paying the insurance she has missed for the past four years.
"I don't know what will happen to my money in a social insurance account with possible inflation and other risks. It feels safer to keep it in my own pocket," she said.
In China, 38 million people stopped paying social insurance this year, either before or after reaching the pension-receiving threshold of 15 years.
Laid-off workers, employees in cash-strapped small companies and migrant workers are the majority of those who have stopped paying the insurance halfway through, according to Cui Peng, a research fellow with People's Insurance Company of China.
Social insurance funds cover basic endowment for senior citizens, basic medicare, unemployment, work-related injury and maternity.
The spending of endowment insurance funds, a key part of social insurance, grew 22 percent in 2012 year on year, while its revenue increased by 19 percent, according to the Ministry of Finance last week. This poses challenges for future pension payments.
According to the Ministry of Human Resources and Social Security, at the end of 2012 about 210 million urban employees paid endowment insurance.
Endowment insurance is paid by staff and the company, 8 percent and 20 percent of his or her wage respectively.
The money from companies is used to meet current pension demands while personal payments are accumulated for his or her own future pension after retirement.
However, as China's population ages, personal payments are often used to supplement growing current pension demands.
According to a research report by Chinese Academy of Social Sciences, by the end of 2011, more than 2 trillion yuan in the personal pension account was transferred to pay retirees.
Since 2011, pilot trials in northern China's Liaoning, Heilongjiang and 11 other provinces have been set up to ensure the personal pension account is untapped. However, little progress has been made due to fiscal problems.
Debate over changing the retirement age, complaints over differentiated insurance policies for government and non-government employees and doubts about the amount in the pension pot have all influenced people to stop paying social insurance halfway through.
A post on a forum on SZnews.com claiming a personal monthly deposit of 500 yuan in a bank would pay better than paying social insurance went viral in early November. It caused public anxiety.
"After thirty years of monthly deposits of 500 yuan, one would receive about 3,400 yuan per month with interest. Why is it necessary to bother the country for our pension?" netizen Wangbufuzhao said in the post.
However, the picture is not that rosy, said Ye Tan, a commentator on economics, citing that inflation, economic cycle fluctuation and other risks may compromise a stable and reassuring post-retirement life.
"The pension system designed by government in theory can provide basic old age care, but current policies' lack of fairness and efficiency has dampened public confidence," Ye said.
"It is impossible to solely rely on the insurance payment of companies and staff to pay all pensions," said Tang Jun, Secretary of Social Policies Research Center with Chinese Academy of Social Sciences.
China has the largest senior population in the world, with 194 million people at or above the age of 60 at the end of last year, according to the China National Committee on Aging.
This age group is expected to grow to 243 million by 2020 and by 2050, one third of the population will be aged over 60.
With an aging society, fewer people are paying social insurance while more people are taking a pension. A government fiscal subsidy and a state-owned capital supplement should be in place to support pension payments, Tang said.
The recently concluded key Communist Party of China meeting proposed to lower the social insurance premium rate and transfer a certain amount of state capital to support social insurance funds.
"As is the case in developed countries, the public should pay a certain amount of income-based insurance and all receive a similar amount as a basic pension, while those who pay more can get more in supplement," Tang said. "The social insurance system should balance fairness and efficiency to motivate and reassure the public."
0)
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ecns [expanded by feedex.net]: In pictures: China's Xichang Satellite Launch Center
ecns [expanded by feedex.net]
ecns
In pictures: China's Xichang Satellite Launch Center
http://www.ecns.cn/visual/hd/2013/12-01/28665.shtml
Dec 1st 2013, 09:26
2013-12-01 18:05 Xinhua Web Editor:Yao Lan
(Source: chinamil.com.cn)
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ecns
In pictures: China's Xichang Satellite Launch Center
http://www.ecns.cn/visual/hd/2013/12-01/28665.shtml
Dec 1st 2013, 09:26
2013-12-01 18:05 Xinhua Web Editor:Yao Lan
(Source: chinamil.com.cn)
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Saturday, November 30, 2013
ecns [expanded by feedex.net]: HIV/AIDS cases fall in Shanghai, young at risk
ecns [expanded by feedex.net]
ecns
HIV/AIDS cases fall in Shanghai, young at risk
http://www.ecns.cn/2013/12-01/90756.shtml
Dec 1st 2013, 02:49
2013-12-01 11:49 Shanghai Daily Web Editor: Yao Lan
Unprotected sex was blamed for nearly 96 percent of the new HIV/AIDS cases in Shanghai so far, while the transmission of the deadly virus among homosexuals accounted for over 60 percent, officials said.
Till November 20, Shanghai had registered 1,637 new HIV carriers, including 668 new AIDS patients this year, taking the number of people infected by the virus to 10,961, including 3,318 AIDS patients.
A total of 157 people have died of HIV/AIDS so far this year, raising the number of deaths due to AIDS to 729.
Nationwide, the share of young people around the age of 20 in all HIV infections in China almost doubled from 2008 to 2012, with male-to-male sex as the prominent contributing factor, a senior health official has said.
"Among all HIV cases reported across the country last year, 1.7 percent were Chinese youths aged between 15 and 24, up from the 0.9 percent in 2008, and the number of infected college students keeps rising," said Shang Hong, director of the HIV/AIDS key lab under the National Health and Family Planning Commission.
Shang added that 95 percent of the infected in the group were boys, and 70 percent of these infections were through male-to-male sex.
Speaking on the eve of World AIDS Day, officials from Shanghai Health and Family Planning Commission said that working with homosexuals was essential to curb the spread of HIV/AIDS in Shanghai as the city expanded the coverage of screening and treatment of this group.
"Due to effective AIDS prevention and control measures in the city, the number of new HIV/AIDS cases has dropped from 18.2 percent in 2008 to this year's 10.7 percent," said Xu Jianguang, director of Shanghai Health and Family Planning Commission. "The disease has a low prevalence in the city."
Despite that, over 82 percent of the new cases were detected in hospitals or during consultation and voluntary testing at centers for disease control and prevention. Migrants made up for the majority of new HIV cases this year. The number of new AIDS patients and AIDS-related deaths among locals had dropped significantly.
Young and middle-aged men were the main carriers of the virus. Men accounted for over 90 percent of new HIV/AIDS cases this year, while those between the ages of 25 and 44 made up for 61.7 percent of the new cases.
Officials stressed the transmission of the HIV virus through unprotected sex was 95.7 percent this year, compared to 90.7 around the same time last year.
About 4.1 percent of the new cases were through intravenous drug injection.
"We are aware of the significant HIV cases among homosexuals, whose numbers are rising in the city," said Wu Fan, director of Shanghai Center for Disease Control and Prevention.
"The level of tolerance and culture force many homosexuals to live in cities."
Currently there are 4,895 HIV carriers and AIDS patients under the care of the health authorities in Shanghai, accounting for 89 percent of the cases.
0)
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ecns
HIV/AIDS cases fall in Shanghai, young at risk
http://www.ecns.cn/2013/12-01/90756.shtml
Dec 1st 2013, 02:49
2013-12-01 11:49 Shanghai Daily Web Editor: Yao Lan
Unprotected sex was blamed for nearly 96 percent of the new HIV/AIDS cases in Shanghai so far, while the transmission of the deadly virus among homosexuals accounted for over 60 percent, officials said.
Till November 20, Shanghai had registered 1,637 new HIV carriers, including 668 new AIDS patients this year, taking the number of people infected by the virus to 10,961, including 3,318 AIDS patients.
A total of 157 people have died of HIV/AIDS so far this year, raising the number of deaths due to AIDS to 729.
Nationwide, the share of young people around the age of 20 in all HIV infections in China almost doubled from 2008 to 2012, with male-to-male sex as the prominent contributing factor, a senior health official has said.
"Among all HIV cases reported across the country last year, 1.7 percent were Chinese youths aged between 15 and 24, up from the 0.9 percent in 2008, and the number of infected college students keeps rising," said Shang Hong, director of the HIV/AIDS key lab under the National Health and Family Planning Commission.
Shang added that 95 percent of the infected in the group were boys, and 70 percent of these infections were through male-to-male sex.
Speaking on the eve of World AIDS Day, officials from Shanghai Health and Family Planning Commission said that working with homosexuals was essential to curb the spread of HIV/AIDS in Shanghai as the city expanded the coverage of screening and treatment of this group.
"Due to effective AIDS prevention and control measures in the city, the number of new HIV/AIDS cases has dropped from 18.2 percent in 2008 to this year's 10.7 percent," said Xu Jianguang, director of Shanghai Health and Family Planning Commission. "The disease has a low prevalence in the city."
Despite that, over 82 percent of the new cases were detected in hospitals or during consultation and voluntary testing at centers for disease control and prevention. Migrants made up for the majority of new HIV cases this year. The number of new AIDS patients and AIDS-related deaths among locals had dropped significantly.
Young and middle-aged men were the main carriers of the virus. Men accounted for over 90 percent of new HIV/AIDS cases this year, while those between the ages of 25 and 44 made up for 61.7 percent of the new cases.
Officials stressed the transmission of the HIV virus through unprotected sex was 95.7 percent this year, compared to 90.7 around the same time last year.
About 4.1 percent of the new cases were through intravenous drug injection.
"We are aware of the significant HIV cases among homosexuals, whose numbers are rising in the city," said Wu Fan, director of Shanghai Center for Disease Control and Prevention.
"The level of tolerance and culture force many homosexuals to live in cities."
Currently there are 4,895 HIV carriers and AIDS patients under the care of the health authorities in Shanghai, accounting for 89 percent of the cases.
0)
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ecns [expanded by feedex.net]: Securities Regulatory Commission unveils plans for 2014
ecns [expanded by feedex.net]
ecns
Securities Regulatory Commission unveils plans for 2014
http://www.ecns.cn/business/2013/12-01/90755.shtml
Dec 1st 2013, 02:37
2013-12-01 11:37 Web Editor: Yao Lan
China's Securities Regulatory Commission has unveiled far reaching reforms of the country's IPO system. The reforms, unveiled at a press conference on Saturday, are seen as critical to turn China's IPO issuance mechanism from an approval-based to a registration- based system. Investors believe the market will play bigger role in judging the risk and value of listed companies in the future. And that will greatly inject more momentum into the stock market.
New plans to reform China's IPO issuance mechanism, plans that include pushing forward the gradual replacement of the current system to issue new shares. New listing firms currently experience delays and have to navigate a complicated application process. The approval-based system can take multiple rounds of reviews and several years before investors receive approval from the securities regulator.
"We will expand the scale of information disclosure and make our review standard and process more transparent. We will open the IPO process to the public so that they can have a closer supervision to the issuance process." said Deng Ge, Spokesman, China Securities Regulatory Commission.
Mr. Deng predicts that around 50 companies would be able to complete their registration procedures for IPOs by the end of January.
And under the new registration-based IPO system, China's securities regulator would only be responsible to decide whether companies fulfill the rules. The values and risks would be for investors and the market to judge.
The registration-based IPO system was actually released in the communique after the conclusion of the third plenum of the 18th Central Committee of the Communist Party of China. And under the new system, China's securities watchdog is to boost its supervision over listed companies while loosening the approval process before IPOs.
Zhao Xuejun is the CEO of Harvest Fund. He says he is impressed by the scale of the reform unveiled this time.
"I believe the reform plan unveiled today highlights three aspects. Firstly, it strengthens the information disclosure responsibility of all players in the market. It ALSO tightens the punishment methods for those who break the rules. And most importantly, it will rationalize China's IPO pricing mechanism by expanding current pricing scales." said Zhao Xuejun, CEO, Harvest Fund Management.
Investors also believe the market will play a bigger role in China's IPO process in the future.
"China's regulators will only check the legality of IPO candidates in the future, while the market will decide their profitability, pricing and other matters. Meanwhile, their financing channels will be expanded to meet the needs of the market. And the pricing and IPO issuance methods will be decided by issuers themselves. The IPO issuance process will speed up massively." said Luke Wang, Vice President, China Galaxy Securities.
In the meantime, China's securities watchdog is also tightening up its supervision of the stock market. It says it will further boost its means of supervision in the future.
The CSRC has dealt with 46 cases concerning incomplete or deceitful information disclosed from January to October this year.
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ecns
Securities Regulatory Commission unveils plans for 2014
http://www.ecns.cn/business/2013/12-01/90755.shtml
Dec 1st 2013, 02:37
2013-12-01 11:37 Web Editor: Yao Lan
China's Securities Regulatory Commission has unveiled far reaching reforms of the country's IPO system. The reforms, unveiled at a press conference on Saturday, are seen as critical to turn China's IPO issuance mechanism from an approval-based to a registration- based system. Investors believe the market will play bigger role in judging the risk and value of listed companies in the future. And that will greatly inject more momentum into the stock market.
New plans to reform China's IPO issuance mechanism, plans that include pushing forward the gradual replacement of the current system to issue new shares. New listing firms currently experience delays and have to navigate a complicated application process. The approval-based system can take multiple rounds of reviews and several years before investors receive approval from the securities regulator.
"We will expand the scale of information disclosure and make our review standard and process more transparent. We will open the IPO process to the public so that they can have a closer supervision to the issuance process." said Deng Ge, Spokesman, China Securities Regulatory Commission.
Mr. Deng predicts that around 50 companies would be able to complete their registration procedures for IPOs by the end of January.
And under the new registration-based IPO system, China's securities regulator would only be responsible to decide whether companies fulfill the rules. The values and risks would be for investors and the market to judge.
The registration-based IPO system was actually released in the communique after the conclusion of the third plenum of the 18th Central Committee of the Communist Party of China. And under the new system, China's securities watchdog is to boost its supervision over listed companies while loosening the approval process before IPOs.
Zhao Xuejun is the CEO of Harvest Fund. He says he is impressed by the scale of the reform unveiled this time.
"I believe the reform plan unveiled today highlights three aspects. Firstly, it strengthens the information disclosure responsibility of all players in the market. It ALSO tightens the punishment methods for those who break the rules. And most importantly, it will rationalize China's IPO pricing mechanism by expanding current pricing scales." said Zhao Xuejun, CEO, Harvest Fund Management.
Investors also believe the market will play a bigger role in China's IPO process in the future.
"China's regulators will only check the legality of IPO candidates in the future, while the market will decide their profitability, pricing and other matters. Meanwhile, their financing channels will be expanded to meet the needs of the market. And the pricing and IPO issuance methods will be decided by issuers themselves. The IPO issuance process will speed up massively." said Luke Wang, Vice President, China Galaxy Securities.
In the meantime, China's securities watchdog is also tightening up its supervision of the stock market. It says it will further boost its means of supervision in the future.
The CSRC has dealt with 46 cases concerning incomplete or deceitful information disclosed from January to October this year.
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ecns [expanded by feedex.net]: French PM to visit China next week
ecns [expanded by feedex.net]
ecns
French PM to visit China next week
http://www.ecns.cn/2013/12-01/90753.shtml
Dec 1st 2013, 02:21
2013-12-01 11:21 Xinhua Web Editor: Yao Lan
French Prime Minister Jean-Marc Ayrault will pay an official visit to China from Dec. 5 to 9 at the invitation of Chinese Premier Li Keqiang, Foreign Ministry spokesman Qin Gang announced on Saturday.
0)
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ecns
French PM to visit China next week
http://www.ecns.cn/2013/12-01/90753.shtml
Dec 1st 2013, 02:21
2013-12-01 11:21 Xinhua Web Editor: Yao Lan
French Prime Minister Jean-Marc Ayrault will pay an official visit to China from Dec. 5 to 9 at the invitation of Chinese Premier Li Keqiang, Foreign Ministry spokesman Qin Gang announced on Saturday.
0)
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ecns [expanded by feedex.net]: Xinhua holds photo exhibition on China-Mexico relations
ecns [expanded by feedex.net]
ecns
Xinhua holds photo exhibition on China-Mexico relations
http://www.ecns.cn/2013/12-01/90754.shtml
Dec 1st 2013, 02:23
2013-12-01 11:23 Xinhua Web Editor: Yao Lan
China's Xinhua News Agency has opened a photo exhibition at Mexico's Chamber of Deputies on the development of China-Mexico diplomatic relations.
The event also launched the Spanish language Internet service portal of China Xinhua News Network Corporation, Xinhua's television service.
The exhibition has 42 photos recording historic moments since China and Mexico established diplomatic ties in 1972.
Xinhua vice president Zhou Shuchun told the opening ceremony Friday his organization, as China's national news agency, had witnessed the development of friendship and cooperation between China and Mexico.
Xinhua was willing to work with people of all walks of life to further promote friendship between the Chinese and Mexican peoples, he said.
Qiu Xiaoqi, China's ambassador to Mexico, said China-Mexico relations had maintained good momentum for development, and had been lifted to a higher level after leaders of the two countries exchanged visits in the past few months.
Javier Trevino Cantu, federal deputy of the Institutional Revolutionary Party, thanked Xinhua for its work in Mexico.
"Xinhua's reports deepen the mutual understanding between China and Mexico and promote the development of bilateral friendship and cooperation," he said.
Edward Vogel Brauer, deputy general director of the Mexican Presidency's International Media Department attended the ceremony, along with representatives from the Mexican government, congress and media.
0)
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ecns
Xinhua holds photo exhibition on China-Mexico relations
http://www.ecns.cn/2013/12-01/90754.shtml
Dec 1st 2013, 02:23
2013-12-01 11:23 Xinhua Web Editor: Yao Lan
China's Xinhua News Agency has opened a photo exhibition at Mexico's Chamber of Deputies on the development of China-Mexico diplomatic relations.
The event also launched the Spanish language Internet service portal of China Xinhua News Network Corporation, Xinhua's television service.
The exhibition has 42 photos recording historic moments since China and Mexico established diplomatic ties in 1972.
Xinhua vice president Zhou Shuchun told the opening ceremony Friday his organization, as China's national news agency, had witnessed the development of friendship and cooperation between China and Mexico.
Xinhua was willing to work with people of all walks of life to further promote friendship between the Chinese and Mexican peoples, he said.
Qiu Xiaoqi, China's ambassador to Mexico, said China-Mexico relations had maintained good momentum for development, and had been lifted to a higher level after leaders of the two countries exchanged visits in the past few months.
Javier Trevino Cantu, federal deputy of the Institutional Revolutionary Party, thanked Xinhua for its work in Mexico.
"Xinhua's reports deepen the mutual understanding between China and Mexico and promote the development of bilateral friendship and cooperation," he said.
Edward Vogel Brauer, deputy general director of the Mexican Presidency's International Media Department attended the ceremony, along with representatives from the Mexican government, congress and media.
0)
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