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Chinese president urges to promote social security system

Chinese President Hu Jintao has called for acceleration of the coverage of a social security system in both urban and rural areas.
He saysthe social security system should be built under the principle of wide coverage, multi-layers, sustainable growth and meeting people's basic needs.
The president says the social security system should focus on improving citizen's basic old-age pension and basic medical insurance service, with charity and commercial insurance as supplements.
Hu Jintao says social security system concerns every citizen's health and happiness, and governments at all levels should fully understand the importance and urgency to improve the system which could enhance the building of a harmonious society.

Hong Kong confirms two new cases of A/H1N1 infection

Hong Kong health authority has confirmed a woman and a man tested positive for A/H1N1 flu virus, which brought the total number of the confirmed cases in the city to six.
Both patients arrived in Hong Kong late Friday from the United States.
In Beijing, another person has tested positive for the A/H1N1 influenza,
The new case increases the number of confirmed infections on the Chinese mainland to 7.
As the A/H1N1 influenza continues to spread around the world, the number of deaths caused by the new virus has risen to 91.
And the worldwide number of infections has now reached over 11-thousand.

China's State Council to discuss stimulus plan for new energy industry

China's top economic planning agency would soon submit a draft support plan of the country's new energy industry to the State Council for approval.
The Shanghai Securities News Zhou Xi'an, an official of the National Bureau of Energy under the National Development and Reform Commission (NDRC), as saying the plan would be unveiled "very soon", without specifying a time table.
The support plan would focus on nuclear power and renewable energy as wind and solar power.

China unveils first sovereign credit rating standards

China has unveiled credit rating standards for the sovereignty entity of a central government, the first sovereign credit rating standards in China, aiming broader participation in global credit rating.
The standards were announced by Dagong Global Credit Rating Co., Ltd, one of the first domestic rating agencies in China.
The company says the sovereign credit rating standards would be able to evaluate the willingness and ability of a central government to repay its commercial financial debts as stipulated in contracts.