Chinese Newspaper Highlights – Sept 28, 2004

CHINESE NEWSPAPER HIGHLIGHTS – SEPT 28, 2004

Asia Pulse
Sep 28, 2004

BEIJING, Sept 28 Asia Pulse – Highlights of today’s newspapers:

PEOPLE’S DAILY:

– Chinese President Hu Jintao said in Beijing Monday that China is
ready to make joint efforts with Armenia to raise bilateral relations
to a new level. He made the remark in talks with visiting Armenian
President Robert Sedrakovich Kocharyan, who is on his first state
visit to China as president.

– Chinese premier Wen Jiabao said that the people of northwest China’s
Xinjiang Uygur Autonomous Region should devote themselves to building
a new type of relations between different ethnic groups during his
visit in the region on Monday. “The various ethnic groups in the region
should get together and develop a new type of socialist relationship
of an equal, friendly and mutually beneficial nature,” said Wen, who
returned Saturday after concluding his visit to Kyrgyzstan and Russia.

CHINA YOUTH DAILY:

– China successfully launched its 20th recoverable satellite for
scientific and technological experiments from the Jiuquan Satellite
Launch Center, in northwestern China’s deserts, at 16:00 Monday.

ECONOMIC DAILY:

– Chinese premier Wen Jiabao said that the people of northwest China’s
Xinjiang Uygur Autonomous Region should devote themselves to building
a new type of relations between different ethnic groups during his
visit in the region on Monday. “The various ethnic groups in the region
should get together and develop a new type of socialist relationship
of an equal, friendly and mutually beneficial nature,” said Wen, who
returned Saturday after concluding his visit to Kyrgyzstan and Russia.

– A grand reception was held Monday at the Great Hall of the People for
foreign experts working in China, on the eve of the 55th anniversary of
the founding of the People’s Republic of China. Chinese Vice Premier
Huang Ju delivered a speech at the reception. He said that since
the founding of the PRC, and especially since China instituted the
reform and opening-up policy, China has made great achievement. The
annual economic growth rate has averaged 9.4% over the past 25 years,
he said, adding that the living standard of the Chinese has continued
to improve.

CHINA DAILY:

– With a bumper harvest in sight for this year, China is sowing the
seeds for a fruitful 2005, planning its acreage of wheat – the nation’s
second most important crop after rice – by 666,600 hectares. The
added area is expected to increase China’s wheat production by at
least 3.5 million tons, said Xiaobing, an official with the Ministry
of Agriculture.

GUANGMING DAILY:

– Chinese President Hu Jintao said in Beijing Monday that China is
ready to make joint efforts with Armenia to raise bilateral relations
to a new level. He made the remark in talks with visiting Armenian
President Robert Sedrakovich Kocharyan, who is on his first state
visit to China as president.

– China successfully launched its 20th recoverable satellite for
scientific and technological experiments from the Jiuquan Satellite
Launch Center, in northwestern China’s deserts, at 16:00 Monday.

ECONOMIC INFORMATION DAILY:

– China’s township businesses have reported a total of 2,744.7
billion yuan (US$332.3 billion) of added value in January-to-August
this year, up 12.82% on a yearly basis. According to figures released
by the Township Enterprise Bureau under the Ministry of Agriculture,
main indicators such as industrial added value, operational income,
export value of products for delivery, benefit and taxation have all
shown a coordinated and stable upward trend.

CHINA SECURITIES JOURNAL:

– The additional stock issue scheme of Shanghai-listed Baoshan Steel
(600019) was adopted at its general meeting of shareholders on
September 27.

– The central bank’s monetary policy committee suggests appropriate
regulation over fluidity in the financial system.