CHINESE NEWSPAPER HIGHLIGHTS – SEPT 29, 2004

Asia Pulse
Sep 29, 2004

BEIJING, Sept 29 Asia Pulse – Highlights of major Chinese newspapers on
Wednesday:

PEOPLE’S DAILY

– Chinese President Hu Jintao Tuesday told visiting South African Vice
President Jacob Zumathat that both China and South Africa should earnestly push
forward cooperation in various fields and upgrade the Sino-South African relations
to a higher level.

– Top Chinese leaders and visiting Armenian President Robert Kocharyan agreed
here Tuesday that the two sides should strengthen cooperation in economic,
technological and other areas.

XINHUA DAILY TELEGRAPH

– Many “cancer-stricken” counties have appeared in Shenqiu County of Henan
Province, central China, as a result of the pollution of the Shaying River that
runs through. Shaying River is the biggest branch of the Huaihe River, one of
the longest and most polluted waterways in China.

– Chinese Premier Wen Jiabao said here Tuesday that China will push forward
steady the reform of the exchange rate mechanism concerning the Chinese
currency, Renminbi, at a meeting with Charles O. Prince, chief executive officer of
the Citigroup and former US Secretary of Treasury Robert Robin.

ECONOMIC DAILY

– Chinese Premier Wen Jiabao said here Tuesday that China will push forward
steady the reform of the exchange rate mechanism concerning the Chinese
currency, Renminbi, at a meeting with Charles O. Prince, chief executive officer of
the Citigroup and former US Secretary of Treasury Robert Robin.

– China will establish a perfect cycle economic legislation system in the
years up to 2010, according to a plan of the State Development and Reform
Commission.

CHINA DAILY

– A wave of measures will be launched to make it possible for China to score
rapid economical develop while no longer exhausting its natural resources, a
senior official said at a national conference on the circular economy Tuesday.

– Foreign insurance companies’ business in China is likely to accelerate
after the full opening-up of the market at the end of this year, said Meng Zhaoyi,
deputy director-general of the International Department of the China
Insurance Regulatory Commission.

CHINA SECURITIES JOURNAL

– The Industrial and Commercial Bank of China is likely to take the lead
among Chinese banks in setting up a fund management company.