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Morning China List 2007
1. China: Second largest billionaire population
  The total number of billionaires in China has risen to second place in the world, just behind the US.
 

2. Constitution process in HK boosted
  NPC Standing Committee's decision that HK Chief Executive could be elected through universal suffrage in 2017 is in accordance with Hong Kong people's aspirations and sets a clear path for its constitutional development.
 

3. Chinese, ASEAN cities to increase economic cooperation
  More than 600 business leaders and representatives from China and nine of the 10 members of ASEAN vowed to forge close strategic ties among urban chambers of commerce and enhance economic cooperation and development.
 

4. China condemns killing of Pakistan's opposition leader Bhutto
  China was shocked at the assassination of Pakistan's opposition leader and former Prime Minister Benazir Bhutto and strongly condemns the terrorist attack.
 

5. Female trainee pilots to enter high level flight training
  Besides air transportation and air navigation, the No.1 PLA Air Force Flight Academy offers extra courses in airborne early warning systems, airborne refueling and air reconnaissance to its trainee pilots for the first time.
 

6. Restoration at Yellow River source aims to curb desertification
  A long-term restoration project has been launched at a key source of the Yellow River to curb environmental degradation in the area.
 

7. Japanese PM looks to boost ties through China visit
  Japanese Prime Minister Yasuo Fukuda arrived in Beijing on Thursday for a trip aimed to build on warming ties between the Asian powers.
 

8. Govt unveils draft investment guide
  The country's new investment guide which lists industries and fields that are encouraged, limited or prohibited will meet the demands of the nation's new Scientific Outlook on Development.
 

9. Restrictions aim to cool heated property market
  Being seen as the latest attempt to clamp down on excessive speculation in the nation's hottest property market, Shanghai municipal government issued that depositing on land for residential use and commercial purposes can now only be paid in rmb instead of previous four different foreign currencies -- US dollars, HK dollars, Euros and the Yen.
 

10. China not a threat to world energy
  China, mainly depended on domestic resources to power its development, poses no danger to world economy.
 

11. Polluting plants apologize to public
  25 businesses signed a joint letter apologizing to the public the pollution they have created.
 

12. Yuan climbs most since China ended dollar link
  The central parity rate stood at 7.3079 yuan against the U.S. dollar on Thursday.
 

13. Draft Law on Food Safety
  The draft law requires the establishment of a food risk analysis and monitoring system, stricter inspection of imports and exports and an unified system of information disclosure.
 

14. Chinese cabinet approves 3 technological projects
  Premier Wen presided over the executive meeting that deliberated the three projects in fields of telecommunications, water pollution control, pharmaceutical innovation to boost China's independent innovation capability.
 

15. Gov't will spend more to reform healthcare
  The current healthcare system has drawn widespread criticism because of sky-high costs.
 

16. A leap in bilateral ties
  Fukuda's visit to China is a leap in bilateral political, economic and cultural contacts. The crux of the matter is to build trust between the countries at the strategic level.
 

17. New breakthroughs made in airborne force's rapid support capability
  The PLA has made a breakthrough in heavy equipment airdropping support capability with its airborne force.
 

18. Rural-urban income gap still widening
  The income gap between China's rural and urban residents has continued to widen despite rapidly rising rural incomes.
 

19. Biz bribery watchdogs fast asleep while foreign watchdogs really bite
  CHINESE judicial authorities should not only be embarrassed by the Alcatel-Lucent bribery scandal, but also take action in the form of swift, sure and severe punishment of bribe takers.
 

20. 50% of people to be middle class by 2020
  More than half of the population will be middle class by the end of the next decade.
 

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