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��Home>>Politics

Entrepreneurs want political role

www.chinanews.cn 2007-02-26 09:24:58

(Source: China Daily)

Feb.26 – Nearly one in every three private entrepreneurs wants to play a
political role as the private sector continues to fuel the country’s
economic growth, says a recent survey.
The private sector accounts for 65 percent of China’s GDP and contributes
over 80 percent of its economic growth, says the All-China Federation of
Industry and Commerce (ACFIC).
The study was conducted jointly by the United Front Work Department of
the Central Committee of Communist Party of China, the All-China
Association for Private Business Studies and the ACFIC.
Though the survey shows that about 70.8 percent of the entrepreneurs
consider business to be their top priority, there are those who hope to
be elected members of the People’s Congress or the Chinese People’s
Political Consultative Conference (CPPCC) at various levels. The National
People’s Congress is the highest legislature and the CPPCC, a political
advisory body.
Though the study reflects the rising desire of such people to engage in
politics, their enthusiasm contrasts with the rank or post they can hold.
In fact, they can only assume low-ranking posts in political or economic
organizations, and their proportion at best can be pretty small.
Moreover, such posts are concentrated in economic rather than political
organizations.
It shows that former government officials, managerial personnel of
State-owned enterprises and technical professionals make up 67.4 percent
of the private business owners, up from 33.8 per cent in 2004. In
contrast, the ratio of workers, farmers and service-trade personnel
turned entrepreneurs dropped from 57.9 percent to 26.7 percent.
And Party members comprised 32.2 percent of the private owners who
registered their businesses after 2001.
The majority of the private business owners with Party affiliations once
used to work for Party or government organizations, with many of them
serving as directors or managers of State-owned or collectively owned
enterprises.
That means the make-up of private business ownership is becoming
elite-oriented, says Bao Yujun, director of the All-China Association for
Private Business Studies. That’s why the new generation of entrepreneurs
yearn for recognition and understanding from society.

Copyright� 2004 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.
Disclaimer: viewpoints in the website do not represent China News Service

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��Home>>

Mona Lisa in traditional Chinese dress

www.chinanews.cn 2007-02-24 22:16:23

A painting named “Mona Lisa in China” was displayed in an art show in
Guangxi Museum Feb.22.

Copyright� 2004 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.
Disclaimer: viewpoints in the website do not represent China News Service

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Home>>Sports

Pole vaulter seeks own mark to win the Pan Am gold

+ –
09:46, July 25, 2007

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Pole vaulter Fabiana Murer had to overcome her biggest adversary to win
Brazil’s first athletics gold medal at the XV Pan American Games –
that’s herself.

When American April Steiner failed to vault the 4.55-meter high bar,
Murer decided to take on the 4.60m. She succeeded in her attempt,
breaking the Pan American record for women’s pole vault, which stood at
4.40m.

But it was still not enough for the 26-year-old athlete, who wished to
clear the 4.68m mark, up two centimeters from her own record. However, it
was not the time yet to get closer to the world No. 1 Yelena Isinbayeva
of Russia, who holds the 5.01m mark. Murer currently occupies the fourth
position in the ranking, following Poland’s Monika Pyrek and another
Russian, Svetlana Feofanova.

Her place on the top of the podium was guaranteed anyway, and she could
hear the entire Joao Havelange Olympic Stadium, recently inaugurated for
the Pan Am Games, call her “champion”.

The vaulter revealed that she felt “very nervous” in the beginning of the
tournament, especially because she was competing at home, which demanded
more concentration.

All the fans’ yelling to motivate her could have in fact harmed her
performance, she pointed out. But she admitted that the participation of
the public ended up helping her win the medal, as she believes that the
boos did affect her adversaries.

“I do not like this boo thing very much, but that is the fans’ way, isn’t
it?” said Murer, who regarded the victory at the Games as “the season’s
beginning,” as she is leaving for Europe to practice for the World
Championship, which will take place in a month’s time in Osaka, Japan.

Source: Xinhua

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Home>>Business

McDonald’s posts loss in second quarter

+ –
10:48, July 25, 2007

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McDonald’s Corporation, the world ‘s biggest fast-food chain, said
Tuesday it lost 711.7 million dollars in the second quarter.

For the quarter, the loss was 60 cents per share, compared to 834.1
million dollars earnings or 67 cents per share, in the same period last
year.

“McDonald’s results reflect the financial impact of the previously
announced developmental license transaction in Latin America,” said
McDonald’s Chief Executive Officer Jim Skinner.

In April, McDonald’s announced a plan to sale 1,600 restaurants in 18
Latin American and Caribbean countries in an effort to strengthen profit.

Earnings per share, excluding exceptional items, were 71 cents, in line
with the company’s guidance.

Revenue climbed 12 percent to 6 billion dollars, from 5.36 billion
dollars a year earlier.

Source: Xinhua

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09:04, July 24, 2007

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Home>>Business

House prices up 7.1 pct in 70 major Chinese cities (2)

+ –
08:19, July 24, 2007

Related News
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The growth was 1.6 percentage points higher than the first quarter and
4.3 percentage points higher than the same period last year, said the NBS.

Analysts attributed the rising investment to booming housing demand,
excessive liquidity and robust housing price hikes.

Amid investment by real estate developers, domestic bank loans rose by
25.9 percent year-on-year, enterprises” self-raised funds increased by
28.4 percent and foreign funds soared 68.7 percent.

The NBS announced last week that the real estate climate indices reached
103.63 points, 0.31 points higher than May and 0.7 points higher than the
same period last year.

The total area of “developed” land in China rose 7.6 percent to 118
million square meters in the first half.

Source: Xinhua

[1] [2]

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Ambassador reviews Germany-China relations
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CPC full of vigor and vitality
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Home>>Business

House prices up 7.1 pct in 70 major Chinese cities (2)

+ –
08:19, July 24, 2007

Related News
China puts new curbs on processing trade to address trade imbalance (2)

Comment Tell A Friend
Print Format Save Article

The growth was 1.6 percentage points higher than the first quarter and
4.3 percentage points higher than the same period last year, said the NBS.

Analysts attributed the rising investment to booming housing demand,
excessive liquidity and robust housing price hikes.

Amid investment by real estate developers, domestic bank loans rose by
25.9 percent year-on-year, enterprises” self-raised funds increased by
28.4 percent and foreign funds soared 68.7 percent.

The NBS announced last week that the real estate climate indices reached
103.63 points, 0.31 points higher than May and 0.7 points higher than the
same period last year.

The total area of “developed” land in China rose 7.6 percent to 118
million square meters in the first half.

Source: Xinhua

[1] [2]

  Your Message:   Most Commented:

Ambassador reviews Germany-China relations
President Hu vows to remain committed to “one country, two systems”
principle
CPC full of vigor and vitality
Roadside bomb blast kills 26 people in SW Pakistan
Chinese leader urges college united front members to make more
contribution

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Home>>Photo

13:49, July 21, 2007

World’s smallest humanoid robot displayed in Tokyo

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Home>>Photo

13:49, July 21, 2007

World’s smallest humanoid robot displayed in Tokyo

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Cassini finds Saturn’s 60th Moon (2)
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Rise of dinosaurs in Late Triassic more gradual than once thought
Study: Glaciers, ice caps to dominate sea level rise this century

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