Extracts.

Jiang Stresses Coordinated Social, Economic Development

President Jiang Zemin Tuesday called for nationwide efforts to promote an
all-round socioeconomic development, do well in the building of material and
spiritual civilization and strive for a harmonious development of town and
country and among different regions so as to keep the economic development
in step with the development of population, resources and environment and
realize sustainable economic and social development.
"This is what the building of socialism with Chinese characteristics
requires," he stressed.
Joining the group discussions of Jiangsu and Anhui provinces at the on-going
session of the National People's Congress (NPC), the President said that the
policies and principles have been established; the blueprint has been drawn
out; and the key lies in implementation, adding that "we must lead the
people in translating the spirit of the Party's 15th National Congress and
the Fifth Plenary Session of the 15th Party Central Committee into action
and strive to fulfill all the major tasks set in the Tenth Five- Year Plan.
He urged local officials to pinpoint their local advantages apart from
studying the development trends of other regions, the whole country and even
foreign countries in working on their own development plans.

Officials at all levels, especially those in leading positions, should
improve their style of work, go deep into realities, do solid work and
mobilize the people of the whole country to work for the lofty cause of
socialist modernization.

China Concerned with Powell's Remark on Taiwan
China Tuesday voiced strong concern and dissatisfaction over the use of the
term "the republic of China" by US Secretary of State Colin Powell when
referring to Taiwan in his recent remarks.
China has made solemn representation with the US side over this issue, said
foreign ministry spokesman Zhu Bangzao at the regular press conference.
He pointed out it has been universally recognized that there's only one
China in the world, Taiwan is just a part of the Chinese territory, and the
government of the People's Republic of China is the sole legitimate
government representing the whole of China.
The US side has stressed that the use of the term was just a slip of tongue
by the Secretary of State and doesn't indicate any change in the One China
policy pursued by the US.
"We have taken note of the above explanation by the US side and hope that
the US would guarantee no recurrence of similar cases," Zhu said.

Nation Opposes Separation
Both Taiwan and Tibet are inseparable parts of China's territory and the
Chinese Government opposes any separation of the motherland in any form, the
Foreign Ministry spokesman said.
Zhu Bangzao made the remarks when commenting on a report that said the
Buddhist association of Taiwan would invite the Dalai Lama to visit the
island on March 31.
"It is the common aspiration of all Chinese people to safeguard national
unity and realize the reunification of the motherland,'' Zhu said, "And all
attempts against the trend will not work.''
He said China was concerned that US Secretary of State Colin Powell referred
to Taiwan as the `Republic of China' in a recent speech.
Zhu said it is common knowledge that there is only one China and that Taiwan
is a part of China; the government of the People's Republic of China is the
only government representing China.
"China expressed great concern and dissatisfaction with the use of the term
`Republic of China' by Colin Powell,'' Zhu said.
"The US side stressed it was a pure slip of the tongue and it does not
indicate any change in the one-China policy.''
"We hope the US side will make sure this kind of incident does not happen
again,'' the spokesman said.
Zhu reaffirmed China's stance on opposing the US sale of advanced weapons
and equipment, including the AEGIS missile destroyer and Patriot III
anti-missile system, to Taiwan.
If the US side insisted on the sale it would violate China's sovereignty,
aggravate tensions across the Taiwan Straits and jeopardize Sino-US
relations. 
When answering inquires on the explosion which occurred on March 6 in a
village primary school in East China's Jiangxi Province, Zhu said "the
result of investigations by local security organs proved it was a criminal
case.'' 
Some foreign media had distorted the facts and even attacked the Chinese
Government before the investigation results were released, Zhu said.



****

New Five-Year Plan Gives Priority to Environmental Protection
China has attached unprecedented importance to environmental protection and
sustainable development in its 10th five-year plan for the 2001-2005 period,
economic and environmental experts say.
According to the plan, which is expected to be adopted by the National
People's Congress (NPC) in session here since March 5, China will contribute
1.2 percent of its gross domestic product (GDP) to
environmental protection spending, a remarkable rise over the 0.93 percent
in the ninth five-year plan.
A whole chapter of the draft plan is contributed to population, resources
and environmental protection, while the whole plan is a clear embodiment of
the sustainable development strategy.
Zhu Zuoyan, an NPC deputy and academician of the Chinese Academy of
Sciences, said: "The new five-year plan puts ecological construction on an
unprecedented high plane. Major construction projects listed by the plan
also stress their ecological benefits. This shows the government's strategic
consideration for the nation's future and its responsible attitude towards
the global ecological environment."
Analysts point out that China will face huge economic and environmental
pressures when it tries to attain the goal of
becoming a medium-developed country by the middle of the 21st century, and
will have to make greater efforts than developed countries in the West.
Latest statistics show that sandstorms from the northwest have been causing
an annual direct economic loss of 54 billion yuan for China over recent
years, almost equivalent to the yearly agricultural production of Gansu,
Ningxia and Inner Mongolia.
In the next five years, China is expected to launch comprehensive pollution
treatment projects along the Yangtze River, Yellow River and Songhuajiang
River. 
By 2005, 45 percent of the urban sewage water is expected to be treated, and
60 percent of industrial wastewater recycled.
The development of the western regions, a major project on the five-year
plan, also gives priority to ecological construction.
The government has banned the felling of natural forests in the upper valley
of the Yangtze River and in the middle and upper valleys of the Yellow
River. 
With government support, 0.73 million hectares of hilly farmland have been
converted into woodland and grassland so far, and 0.54 million hectares of
barren hills afforestated.
A total of 3.6 billion yuan will be spent this year to return 330,000
hectares of hilly farmland into woodland and grassland. And the effort is to
last for at least 10 years.
The West Gas for East Pipeline, an ambitious 140 billion yuan project on the
five-year plan, will bring China's energy consumption into the age of
natural gas. 
The South Water for North Project will divert water of the Yangtze River to
thirsty areas in the north, and save the Yellow River, China's "Mother
River", from drying up.
"China's environmental protection work is a contribution to mankind," said
Qu Geping, chairman of the Ninth NPC Environmental and Resources Protection
Committee. 
A report of the World Association of Resources points out that China's
energy-saving measures in the last two decades have cut its coal consumption
by 400 million tons.
"The 10th five-year plan describes a beautiful picture for us: a prospering
economy, controlled population, well-preserved resources and a beautiful
environment," said academician Zhu Zuoyan.

****


EU Ministers Fail to Agree Legal Plan on Securities
European Union (EU) finance ministers at their monthly meeting on Monday
failed to reach an agreement over a plan to speed up financial services
lawmaking but remained committed to its principles.
The lawmaking proposal on securities received "a very warm welcome from" the
15 EU finance ministers, said the European Commission, the EU's executive
body. 
"Everyone agreed with the broad principles but unfortunately there was no
agreement on the small print," EU financial services Commissioner Frits
Bolkestein told a news conference following the meeting.
A group of so-called "wise men" headed by former Belgian central banker
Alexandre Lamfalussy was set up last year to look at improving securities
market regulation in the EU in response to growing consolidation among stock
exchanges. 
Its final report focused on how the EU could speed up lawmaking processes to
meet a self-set 2005 deadline for completing an integrated capital market in
the 15-nation bloc.
"It is important that we agree this before Stockholm," Bolkestein said,
referring to the summit of European leaders in the Swedish capital later
this month. 
Luxembourg Prime Minister and Finance Minister Jean-Claude Juncker said that
senior EU treasury and central bank officials would meet to discuss the
proposals again next Monday and, if they failed to resolve differences,
ministers would meet again on the sidelines of the Stockholm summit on March
23 and 24. 

****


Motorola Cuts 7,000 More Jobs
Motorola Inc. axed 7,000 jobs in its cellular phone division Tuesday, adding
to the more than 9,000 positions eliminated companywide since early
December. 
The world's No. 2 cellphone maker blamed the latest reductions on the
cooling economy, which has put a big chill on industrywide sales and left it
with a substantial inventory of unsold phones.
With Tuesday's cuts, Motorola has reduced its work force by more than 10
percent as it careens toward the end of what it expects to be its first
quarter with an operating loss since 1985.
Analysts, while calling the actions necessary, said Motorola must still rid
itself of an old bugaboo -- an inability to connect well with consumers on
the lower-cost phones they prefer. Its failure to do so last year while the
cellphone market and economy were still booming started its profit woes and
caused it to slip further behind Finland's Nokia.
Motorola gave no breakdown of the latest announced cuts but said they will
affect manufacturing, engineering and administrative jobs throughout its
worldwide cellphone operations. The bulk are to take place by July.
Once they take effect, 12,000 workers in its once high-flying personal
communications division will have been idled by the series of cuts. In a
related move, Motorola announced Feb. 23 it was eliminating 4,000 jobs from
its semiconductor business, which supplies computer chips for its phones.
Motorola launched its latest restructuring late last year, barely two years
after cutting 20,000 jobs and taking a $1 billion loss in 1998, the year
Nokia overtook it. Its market share was only 13 percent in the fourth
quarter of 2000 compared with 34 percent for Nokia, according to the Gartner
Dataquest research firm.




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