China Financial Daily

June 30, 2009

China to raise petrol, diesel prices

Filed under: Financial News — Tags: , — lily @ 10:02 pm -0700

China to raise petrol, diesel prices
China to raise petrol and diesel prices by 600 yuan (about 87.8 U.S. dollars) per ton beginning Tuesday midnight.

Increase in gasoline prices increased about 0.45 per liter, or 8.6 percent and diesel prices of about 0.51 per liter, or 9.6 percent, said National Development and Reform Commission (NDRC) in a a statement on its Web site Web site.

This is the third oil price adjustment this year. May 31, National Development and Reform Commission raised the gasoline prices, gasoline and diesel 400 yuan per ton, or 7% and 8% respectively.

Adjustment is in response to “recent volatility in international oil prices,” according to the country’s new oil pricing mechanism, such as rising international crude oil prices, said in a statement.

Under the new mechanism, China’s domestic prices is “indirectly linked” to the global crude oil prices “in a controlled manner.”

In the pricing mechanism, China will consider changing the benchmark retail prices of petroleum products in the international crude oil prices rise or fall, with an average 4 per day for several days 22working.

The price of crude oil closed at 69.16 U.S. dollars at closing, the New York Mercantile Exchange on Friday, registering an increase of 4.2 percent to 66.31 U.S. dollars a barrel price, the last adjustment took place in May 31.

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Chinese Vice President to encourage the members to serve the people

Filed under: Financial News — Tags: — lily @ 10:01 pm -0700

Chinese Vice President to encourage the members to serve the people
Vice President Xi Jinping of China today called on member of the Communist Party (CPC), will continue to seek the benefit of people.

Xi’an, also a member of the Standing Committee of the CPC Central Committee Political Bureau, made an outstanding member in a meeting in Beijing on behalf of Tuesday, a day before the 88-year-old birthday party.

He urged party members to serve the people heart and soul of the public to consider their decision-making and accept the work of law and justice.

Party members should keep in close contact, their public services as well as their interests, he said.

All party members should continue to improve their ability to work through the party and the people work hard to learn, in the face of challenges, to help shoulder the responsibility of the party, he added.

Party members must also maintain a positive image of the moral.

He Guoqiang, member of the Standing Committee of the CPC Central Committee Political Bureau, also attended the meeting.

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Chinese Communist Party Chairman stressed that inner-party democracy

Filed under: Financial News — Tags: — lily @ 9:59 pm -0700

Chinese Communist Party Chairman stressed that inner-party democracy
Hu Jintao, Communist Party Chief of China (CPC), the requirements make great efforts to improve inner-party democracy in order to strengthen the party’s ability to govern and lead the development of China.

Of the CPC Central Committee General Secretary Hu Jintao, CPC Central Committee Political Bureau, presided over the meeting of the Central Committee on Monday. Monthly speech he delivered at the conference Tuesday, the day before, the 88-year-old birthday party.

Hu said the party must pay more attention to inner-party democracy and to actively promote, because it will help to carry out its duties as the ruling party the Communist Party of more scientific and democratic manner and in accordance with the law.

“We must bring together the wisdom and strength, the level of the party’s largest, we have to fully stimulate the creativity and vitality of the party, we must spare no effort to consolidate the unity of the party” so that people can, under the leadership of the Communist Party of the United States to promote the cause of socialism with Chinese characteristics , Hu said.

The achievement of inner-party democracy must rely on to protect the democratic rights of all members of the right to information, participation, the right to vote and to supervise all the party’s internal affairs, Hu said.

Communist Party members, nearly 76 million of the 1.3 billion Chinese population, should be encouraged to supervision, and all matters relating to inner-party democracy, such as work, the fight against corruption in the party.

Hu Jintao said that the mechanism to ensure that the inner-party democracy must be improved, such as the PRC National People’s Congress and the electoral system at all levels, monitoring, evaluation and promotion of officials.

The decision of the CPC Central Committee Political Bureau, the party on Monday, officials will be the reform of its appraisal system on the basis of merit and transparency.

Assessment system will pay more attention to the achievements of “the coordination of economic and social development, maintain social stability and improving people’s lives.”

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