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Hello and Welcome to News and Reports on China Radio International.
In This Edition
The traditional Chinese Lunar New Year is being celebrated1 both in China and around the world.
China's central bank announces that it will raise the deposit reserve requirement ratio for Chinese financial institutions by 0.5 percentage points from Feb. 25.
And the 2010 Winter Games kicks off in Vancouver, Canada.
Hot Issue Reports
People Celebrating New Year in China
People around China are welcoming the year of Tiger as the Lunar New Year falls today.
Beijing residents filled the streets of old Beijing to hear the traditional ringing of the ancient Bell Tower, which mark the start of the Lunar New Year.
Italian Crena Pozza, who works in Beijing as a delegate for the European Union, said it was fascinating to experience the Lunar festival.
"You see Chinese people all over just like with fireworks all the time, very happy. Actually, it's a very nice experience."
Huang Guan, a twenty-two year old student was excited to be starting the New Year.
"We are so happy to be out tonight, because it's our New Year, and I hope this year I will make a lot of money. Thanks."
Though local residents started to set of fireworks hours earlier, the count of midnight was greeted with a flurry of fireworks displays across the city.
According to Chinese folklore2, fireworks are thought to scare away monsters that haunted people during the freezing winters.
Meanwhile, many Chinese people still keep the habbit of gathering3 around TV at home for chunwan, CCTV's Gala on China's Lunar New Year's Eve. It has been the country's most watched variety show for years.
In Hong Kong, thousands of people gathered at Wong Tai Sin Temple in Kowloon, to pray for their New Year hopes and wishes.
Hong Kong people hoping for good luck in the year ahead try to be first to place their incense4 sticks into big trays at the temple.
New Year's celebrations will carry on in the next few days, when many flock to local temples to pray for a good year.
Chinese New Year Celebrated Around the World
For Chinese people, wherever they are, the Lunar New Year is the biggest event of the calendar. So it's also being celebrated around the world.
Festivities started in Sydney with firecrackers, face-changing performances and martial5 arts.
Sydney has celebrated the Chinese New Year for the past 14 years and recently has attracted performers and artists from all around China.
Some visitors were glad to see Chinese culture on display in Sydney.
"I think it's really important. Chinese people have lived in Australia for as long as my ancestors have, so it's really important to acknowledge the role they play in our society, and it's good to see their culture on display."
In Thailand, people marked the start of the holiday with an underwater pantomime, complete with clowns, lions and mermaids6.
In Mexico, a parade will take place on the Paseo de la Reforma Avenue, a major road in the capital city. There will be exhibitions of traditional Chinese dresses, cuisine8 and martial arts.
And we also got a chance to talk with CRI's London correspondent Tuyun, she tells us how the Chinese overseas there celebrate the Lunar New Year.
China's Central Bank Raises Reserve Requirement Ratio by 0.5 percentage points
China's central bank has announced that it will raise the deposit reserve requirement ratio for Chinese financial institutions by 0.5 percentage points from Feb. 25. The rise is the second for the deposit ratio this year.
The Chinese New Year of the metal tiger boosts gold sales
While the regulator flexs its muscle on the money, the ordinary Chinese people are still spending at this holiday season. The gold jewellery market in China is actually seeing a boost in demand as people are celebrating the Chinese New Year, the year of the tiger. In Beijing, shoppers are snapping up tiger-themed gold gifts.
Light News
Vancouver Winter Games Officially Kick Off
The 2010 Winter Games have kicked off in Vancouver, Canada, in front of more than 60,000 spectators.
John Furlong is the chief executive of Vancouver's Olympic organizing committee.
"Tonight, the longest domestic torch relay in Olympic history ends in this stadium. The flame has touched many millions and prompts spontaneous peaceful celebrations, reminding us that those values that unite and inspire the best in us, we must never abandon."
Phoenix9 Suns guard Steve Nash, who grew up in British Columbia, joined legendary10 hockey player Wayne Gretzky, former Olympic speed skater Catriona LeMay Doan, and skier11 Nancy Greene in lighting12 the flame after fake ice cracked and the Olympic caldron rose. Although one of the four pillars supporting the cauldron failed to rise from the floor of the stadium, the cauldron was finally lit after a few minutes.
The spectacular opening contained many symbols of Canada's heritage and diverse landscape. An army of Canadian musical stars, including Nelly Furtado, Bryan Adams, Sarah McLachlan and k.d. lang, performed during the gala.
The Games, which run through February 28th, offer 86 gold medals for grabs in 15 disciplines in seven sports, namely, skating, skiing, biathlon, luge, bobsled, curling and ice hockey.
About 2,500 athletes from a record 82 nations are taking part in the 21st Winter Olympics, including first-time participants the Cayman Islands, Colombia, Ghana, Montenegro, Pakistan, Peru and Serbia.
China sent 91 athletes to the Games. Ten sports with 49 events, out of 86 events in 15 sports in total, will feature competitors from the nation.
Winter Games Open to a Mixed Tune13
Meantime, the City of Vancouver put on a spectacular show at the BC Place, the first-ever indoor venue7 for an Olympic opening ceremony. But as the curtain went up for the Games with a dazzling performance, various problems and challenges have already arisen or loom14 ahead.
Top UN Envoy15 Says Trip to North Korea Successful
The United Nations' top envoy has arrived in Seoul after concluding a four-day trip to North Korea.
B. Lynn Pascoe, the highest-ranking UN diplomat16 to visit North Korea since 2004, called his trip "successful" but declined to give details on the discussions.
"We think the trip was very useful, and we worked quite hard to improve the reengagement with the North and the United Nations. And I think in that we were quite successful."
Pascoe stressed that he made it clear to Pyongyang that the six-party talks should be resumed quickly and without any preconditions.
Pascoe's trip was part of an international push to jump-start the six-party talks involving the two Koreas, the United States, Russia, China and Japan.
Suicide Bomber17 has Targeted U.S. and Afghan Troops in Kandahar
A suicide bomber has targeted U.S. and Afghan troops on foot patrol in Kandahar province.
Major Abdul Rahman is an Afghan National Army commander.
"A suicide bomber on a motorbike targeted a joint18 foot patrol of the Afghan National Army and U.S. forces. Casualties happened to two or three U.S. soldiers. Four civilians19 were wounded, and one was killed."
The attack came as thousands of NATO troops and Afghan soldiers stormed the Taliban stronghold of Marjah, pushing into the biggest town under militant20 control in a major offensive to break the extremists' grip on a wide area of their southern heartland.
Ukrainian PM demands recount
Aide to Ukrainian Prime Minister Yulia Tymoshenko has defiantly21 refused to concede defeat to rival Viktor Yanukovich in the presidential elections and called for a recount.
Deputy Prime Minister Oleksandr Turchynov made the remarks in a televised address.
"It is very important for Ukraine to know whether or not Yanukovich was elected in a legitimate22 manner. Because, I remind you, he only won in 10 administrative23 regions, while at the same time, Yulia Tymoshenko has gained a majority in 17 regions. Therefore it is very important (to verify) who the real winner is."
Preliminary counts show Tymoshenko losing to Yanukovich by a margin24 of nearly 3.5 percentage points.
Official vote results are expected in a few days.
UN advisory25 group on climate change financing launched
United Nation Secretary-General Ban Ki-Moon along with British Prime Minister Gordon Brown and Ethiopian Prime Minister Meles Zenawi have launched a United Nations advisory group on climate change financing.
The new group plans to create "transparent26" structures for the flow of financing from developed to developing countries in the effort to help the latter combat effects of climate change.
While announcing the launch of the group, Ban Ki-moon said providing resources for adaptation is a moral imperative27.
"Billions of people in Africa and around the globe are suffering from the effects of climate change. Providing resources for adaptation is a moral imperative. It is also smart investment in a safer, more sustainable world forum28."
The aim of the group is to raise 30 billion US dollars over the next three years, eventually rising to 100 billion dollars annually29 by 2020 in order to help poor countries adapt to the impact of climate change while also helping30 them reduce their contribution to global warming.
Newspaper Picks
Global Times: Real estate sprees imbalance a growing economy
As south China's Hainan province was approved last month to build into a top international tourism destination, the island's property prices began skyrocketing as more and more investors31 flooded into the market to reap the staggering profits.
An opinion piece in the Global Times says speculation32 in the real estate sector33 will affect their business elsewhere, as they devote more resources and efforts on the real estate market and neglect research and development.
Meanwhile, putting more money into the real estate sector will also hurt a balanced economic structure and limit consumption of other products.
It points out that government should launch favorable investment policies and broaden individuals' investment channels. This would guide capital to be invested in innovation-oriented businesses and weak sectors34, helping balance the domestic economic structure.
It also notes it is necessary to use tough measures, such as raising mortgage rates and down payments for second- and third-home buyers, to stop speculation and cool down the real estate sector.
China Daily: Unnecessary tours
Last year, the Ministry35 of Supervision36, along with other central government departments, organized a crackdown on unnecessary oversea trips at the public's expense.
The number of groups, people and the amount of money spent on such trips has dropped by 49, 45.5 and 37.5 percent respectively last year, compared with average figures of the previous three years.
However, an editorial in the China Daily says we should not be rejoicing in the accomplishment37, because the big number cut in the such trips unveiled big loopholes in management.
The article notes that only disciplinary punishments will completely stop those who have violated rules and wasted public money for such trips, and very few would be able to resist the temptation.
It points out that management should leave little room in the system for maneuver38 over such trips, examining whether a business trip abroad is necessary, whether the number of days is what the business needs and whether the officials on the trips are the right ones.
The article also points out that those who have violated the rules by going abroad for sightseeing at the public's expense should be punished as corrupt39 elements, rather than being given disciplinary punishment for an unhealthy work style.
0214 weather for 07:00
Beijing will be cloudy today with a high of 2 degrees celcius, tonight will be clear with a low of -7
Shanghai will have drizzle40 today with a high of 5, tonight will also have drizzle with a low of 2.
Some cities around the world.
Houston,sunny, 14
Washington ,overcast, 1
London sunny, 4
Berlin,snow, -1
Mombasa, sunny, 32.
Johannesburg sunny, 28
Jakarta clear, 29
And finally in Vancouver, it will have moderate rain with a high of 9
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celebrated
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| adj.有名的，声誉卓著的 | |
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folklore
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| n.民间信仰，民间传说，民俗 | |
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gathering
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| n.集会，聚会，聚集 | |
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incense
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| v.激怒；n.香，焚香时的烟，香气 | |
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martial
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| adj.战争的，军事的，尚武的，威武的 | |
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mermaids
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| n.（传说中的）美人鱼( mermaid的名词复数 ) | |
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venue
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| n.犯罪地点，审判地，管辖地，发生地点，集合地点 | |
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cuisine
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| n.烹调，烹饪法 | |
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phoenix
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| n.凤凰，长生(不死)鸟；引申为重生 | |
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legendary
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| adj.传奇（中）的，闻名遐迩的；n.传奇（文学） | |
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skier
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| n.滑雪运动员 | |
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lighting
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| n.照明，光线的明暗，舞台灯光 | |
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tune
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| n.调子；和谐，协调；v.调音，调节，调整 | |
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loom
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| n.织布机，织机；v.隐现，(危险、忧虑等)迫近 | |
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envoy
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| n.使节，使者，代表，公使 | |
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diplomat
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| n.外交官，外交家；能交际的人，圆滑的人 | |
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bomber
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| n.轰炸机，投弹手，投掷炸弹者 | |
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joint
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| adj.联合的，共同的；n.关节，接合处；v.连接，贴合 | |
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civilians
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| 平民，百姓( civilian的名词复数 )； 老百姓 | |
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militant
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| adj.激进的，好斗的；n.激进分子，斗士 | |
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defiantly
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| adv.挑战地，大胆对抗地 | |
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legitimate
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| adj.合法的，合理的，合乎逻辑的；v.使合法 | |
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administrative
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| adj.行政的，管理的 | |
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margin
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| n.页边空白；差额；余地，余裕；边，边缘 | |
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advisory
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| adj.劝告的，忠告的，顾问的，提供咨询 | |
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transparent
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| adj.明显的，无疑的；透明的 | |
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imperative
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| n.命令，需要；规则；祈使语气；adj.强制的；紧急的 | |
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forum
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| n.论坛，讨论会 | |
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annually
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| adv.一年一次，每年 | |
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helping
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| n.食物的一份&adj.帮助人的，辅助的 | |
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investors
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| n.投资者，出资者( investor的名词复数 ) | |
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speculation
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| n.思索，沉思；猜测；投机 | |
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sector
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| n.部门，部分；防御地段，防区；扇形 | |
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sectors
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| n.部门( sector的名词复数 )；领域；防御地区；扇形 | |
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ministry
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| n.(政府的)部；牧师 | |
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supervision
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| n.监督，管理 | |
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accomplishment
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| n.完成，成就，（pl.）造诣，技能 | |
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maneuver
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| n.策略[pl.]演习；v.(巧妙)控制；用策略 | |
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corrupt
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| v.贿赂，收买；adj.腐败的，贪污的 | |
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drizzle
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| v.下毛毛雨；n.毛毛雨，蒙蒙细雨 | |
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overcast
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| adj.阴天的，阴暗的，愁闷的；v.遮盖，（使）变暗，包边缝；n.覆盖，阴天 | |
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