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	President Jiang Zemin Cordially Meets With Young Delegates From Hong Kong On the eve of his departure for Hong Kong to join in the celebrations of the first anniversary of Hong Kong' s return to the motherland, the president cordially met with members of a Hong Kong delegation to discuss Chinese history and culture. They have come to the inland to understand Chinese history and culture and show concern for the future of the motherland. As youngsters represent the future of the motherland and hope of the nation, they are encouraged by the president to study and work hard. Pictured here is President Jiang Zemin cordially meeting with them.
	Four Major Banks Accelerate the Pace of Commercialization Reform These banks have actively developed their businesses to adapt themselves to market demands. They have reformed their loan scale management method and introduced asset-liabilities ratio management; they institute the head office-level corporate system; and they have improved the credit asset quality in line with common international practices.
	Agricultural Development Bank Calls on Its Branches to Guarantee Funds for the Purchase of Summer Grain and Oil
	CPPCC Chairman Li Ruihuan Visits the National Anti-Drug Exhibition After watching exhitbits and related materials, Li said tough and relentless measures must be taken to carry on the anti-drug work, only by so doing can we be regarded as having held ourselves responsible for the people and society.
	President Bill Clinton Arrives in Shanghai This is the third leg of his China visit. He was warmly welcomed at the airport by executive deputy and deputy mayors of Shanghai.
	Resolute and Earnest Efforts to Grasp the Work of Prime Importance This is a report on the interview by Our Staff Report with Liaoning Provincial Governor Zhang Guoguang concerning re-employment of laid-off workers from state-owned enterprises. According to the Editor's Notes, recently, the People 's Daily has sent out reporters to inteview leading Party and government officials of Liaoning, Sichuan, Hunan and Shandong provinces in order to get to know what concrete measures they have taken to implement the gist of the working conference and the circular jointly held and issued by the CPC Central Committee and the State Council on guaranteeing a basic life and re-employment for laid-off workers and what initial results they have gained in this work. This report series on the exclusive interviews with the leading officials of the four provinces will be carried in our newspaper from today.
	In the Column Today's Talk. An article entitled ''Praising the Practice of Examining a 'Report' Seriously, Not Perfunctorily'' by Nie Tiejun says that a work report submitted by the Wuhan city government was turned down by the city people's congress because the situation cited in the report is not clear, the goal is not concrete, measures are not effective, the style of writing is unrealistic, figures given are not identical and the achievements mentioned are over-exaggerated. The Wuhan city government accepted the criticism. All work units and individuals, whether they drafted, submitted or examined the report should given deep thought to the matter, said the author.
	Hong Kong Awaits the Arrival of President Jiang This is a report written by Our Reporter Xu Yunping on the eve of celebrating the first anniversary of Hong Kong's return to the motherland.

	A Sharp Drop in Pig-Raising Efficiency Experts call for attention to a shift from coordination between production and marketing to qualitative competition.
	Stabilizing Pig Production Admits of No Delay
	The 16-Article Law of the People's Republic of China on Exclusive Economic Zones and Continental Shelves.
	The law mentioned above was adopted by the Third Standing Committee Session of the Ninth NPC on June 26, 1998 and upon the release of the Order (No..6) signed by President Jiang Zemin of the People 's Republic of China , the law was published and came into effect.
	News Items: * Joint Efforts Are Made to Pave the Way for Re-employment of Laid-Offs in Shanxi; * 40,000 Laid-Offs Re-employed in Hebei Province's Handan City; * Wanghua District in Liaoning Province's Fushun City Opens Up Extensive Employment Channels ; and *Various Departments in Sichuan Province's Pingchang County Join Hands to Support the Re-employment Project.
	Promptly Putting the Readjusted Policy in Place Spokesman for the State Administration of Taxation on Improving the VAT policy on small commercial enterprises.
	A County Branch of the Agricultural Bank of China in Guizhou Province has issued 167 million yuan of help-the-poor loans in recent years to aid 100,000 poor farmers from ethnic minorities out of poverty . Picture Shows Wu Xiao and Her Sisters in Shitouzhai Village Become Rich by Making Batik Works of Art
	China's Water Conservancy Work Is Being Carried Out According to Law A forum was held to mark the 10th anniversary of the enforcement of the Water Law.
	News Items : * Shaanxi Province Achieves New Results in the Utilization of Foreign Capital By the end of 1997, the province had approved 2,934 foreign-funded projects with a total investment of US$10.377 billion, contracted foreign capital US$7.17 billion, and foreign capital actually used US$3.578 billion; * The United States Becomes the Largest Investor in Gansu Province By the end of 1997, Gansu had actually used US$1.464 billion in foreign capital to set up 1,365 foreign-inveted enterprises which involved total investments of US$2.3 billion, including US$965 million in foreign capital.

	The 3-Day National Conference on the Exchange of Experience in Building Rural Grassroots Party Organizations and Commending Outstanding Party Members and Advanced Units Concluded Vice-Premier Wen Jiabao delivered a speech on the present situation regarding agriculture and rural work. Zhang Quanjing, head of the Organization Department of the CPC Central Committee, gave a summary report on the conference.
	Proposal made by the outstanding Party members and advanced units distinguishing themselves on the work of building rural grassroots Party organizations
	To Create a Beautiful Future With the Backing of a Powerful Motherland written by CPPCC Vice-Chairman Fok Ying-tung (Henry Fok)
	A seminar on the exchange of law education across the Straits was held in Peking University (PKU) on June 28, hosted by the law departments of PKU and Taiwan University. Participants all agreed on the necessity of law & law education exchange due to the increasing economic and trade contacts between the two sides of the Straits.
	"A New Cross-Century Chinese Government " is published by People's Daily Press. It introduces the departments and their functions under the State Council, headed by Premier Zhu Rongji. Also included are resumes of State Council members and reports about 26 ministers written by People's Daily staff reporters.

	US President Bill Clinton Addresses Peking University Students The United States hopes to establish new relations with China in the 21st century, says President Clinton. He also says the younger generations of the United States and China face common challenges. Clinton says American People admire the major contributions China has made in the fields of culture, religion, philosophy and art. Clinton's speech is televised and broadcast live across the country. Before Clinton's lecture, Chen Jia'er, President of Peking University, delivers a welcoming speech. More than 600 teachers and students of Peking University attend the lecture. After his speech, Clinton presents as gifts 500 English books to Beida Library.
	Bellwether of a Civilized Village This article reports on the advanced deeds of Zhang Zuoxi, Secretary of Paifangdian Village Party Branch, Gaizhou City, Liaoning Province.
	China and the United States Sign Seven Contracts and Agreements on Economic and Trade Cooperation
	China and the United States Sign an Agreement on Cooperation in Peaceful Use of Nuclear Technology
	Sino-US Letter of Intent for Cooperation in the Health Sector Is Signed First Sino-US Jointly-Funded Hospital Opens in Beijing
	Chief Executive of Hong Kong Special Administrative Region (SAR) Tung Chee-hwa Made an Address to Mark the First Anniversary of Hong Kong's Return to the Motherland Tung Chee-hwa said Hong Kong became the focus of world attention on July 1, 1997. On that day SAR was born and Hong Kong ushered in a new era. "In the past year, Hong Kong faced many challenges and severe tests posed by Asian financial storm that affected our economic growth in the short to medium term," said Tung Chee-hwa. "The adjustment of some economic sectors, such as high housing prices, inflation rate and high wages will be a painful process, but it is necessary for Hong Kong to remain competitive". "While we are confidently moving ahead, we are also alert to the difficulties and opportunities in our way forward. Hong Kong people are working heart and soul to realize our com
	Friendly Contact Vice-Premier Wu Bangguo meets with Mike Bowlin, Board Chairman of ARCO of the United States, and Thomas Leavey, Director-General of International Bureau of the Universal Postal Union. Chi Haotian, Vice-Chairman of the Central Military Commission of the CPC, holds talks with Estonian Defense Minister. *NPC Vice-Chairman Cao Zhi Meets With Thai Guest
	Party and government organizations at all levels should go all out to fight flooding and provide disaster relief, stressed Secretary of Guangdong Provincial Party Committee Li Changchun at an inspection tour of Enping City.
	The Plenary Session of State Council Women and Children's Work Commission Opens State Councilor Wu Yi Takes Charge of the New Commission
	"Albums of Paintings and Photos", in commemoration of the centenary of Liu Shaoqi's birth, have come off the press and a discussion on the albums was held in Beijing on June 29.

	Ministry of Education and Hong Kong Entrepreneur Lee Ka-shing will jointly fund "Chang Jiang Scholars Rewarding Plan".
	The First Group of State Hygienic Counties and Towns Named
	A Symposium was held on linking national scientific and educational institutions with rural enterprises.
	Progress Is Made in Enforcement of "China's Law on Control over Water Pollution"
	Exhibition on the Advanced Deeds of Jiang Xinsong Opens in Shenyang
	100,000 surveyor-cartographers are working at their posts with certificates.

	* The Thai Foreign Minister and former Prime Minister believe that US President Bill Clinton's ongoing China visit is good for world peace. * High-ranking officials and news media of some countries highly appraise the summit between Chinese President Jiang Zemin and US President Bill Clinton, thinking that will not only help the two countries to build constructive strategic partnership but bring positive effects on world peace and stability.
	* The overseas Chinese in US and Canada held activities respectively to celebrate the first anniversary of Hong Kong's return to the motherland. *A British scholar praises the successful implementation of the "One Country, Two Systems "policy in Hong Kong.
	Oklahoma City Today
	Special envoy of the UN Secretary-General held talks with Pakistan Foreign Minister on the peace and security situation in South Asia.
	British Prime Minister Tony Blair is full of confidence in Northern Ireland's future after its new Assembly election.
	Israeli President Ezer Weizman calls for early general elections, citing the deadlock in Middle East peacemaking under Prime Minister Benjamin Netanyahu.
	Photo: A picture poster in the street of Kathmandu, capital of Nepal, reminds its people of the need to pay attention to the environmental condition.
	Indian government reconciles its internal disputes. Indian National Congress will organize a new cabinet upon the downfall of the current government.
	* The Council for Gulf Cooperation urges Iraq to abide by the decisions of UN Security Council and condemn Israel's expansion plan of Jerusalem. The Council also expresses regret over the nuclear tests carried out by India and Pakistan. Iraq reiterates that it will recognize and observe the UN No.833 decision on the delimitation of Iraq-Kuwait boundary . Kuwait will not object Iraq's participation in the summit of Arab leaders.
	Human race must pay more attention to environmental protection.

	The 12th Annual World AIDS Conference was held in Geneva on Sunday, which aims to narrow the gap between the North and South in terms of AIDS prevention and treatment.
	The ROK financial supervision committee orders five banks to hand over their operational rights to the government. German Federal Bank Commission calls on the Central Bank of Europe to serve only the stabilization of the Euro, and give no consideration to the interests of other countries.
	The fourth part of a report series on West European banking supervision and control.
	New Medical Discoveries in regard to AIDS
	Photo: A man is helping a boy injured in the earthquake that hit south Turkey city Adana.

	Germany turned defeat into victory against Mexico with 2 goals in the last quarter of the match. The Mexican was eliminated.
	" Standing to Walk out " Report on the Paraguayan goalkeeper Chilavert Jose Luis who advised his teammates to stop crying, to stand up and walk out from the field after losing to France
	Strong Teams Are in Fact not Strong, While Weak Teams not Weak Review on the matches by coaches and members of the teams from France, Paraguay, Nigeria and Denmark
	Expecting a Classical Match The first 4 matches in 1/8 finals seem to be not so exciting, but the next 4 might be more brilliant.
	What Is Wrong With the Nigerian Team? Our staff reporter sums up the opinions on the reasons why the Nigerians lost to Denmark.
	Dark Horses Appear One After Another at the "Red Double-Happiness Cup" National Table Tennis Club League College Students Oriental Times (f), PLA & Industrial and Commercial Bank (f) and Beijing Lianhuifeng (m), regarded as weak teams earlier, respectively defeated Henan Yugang, Liaoning Bengang Tengda and Heilongjiang Golden Sun Stars on June 27.
	'98 Yueyang International Dragon-Boat Invitational Competition ended on June 28. Seventeen teams from Russia, USA, Hong Kong, Macao and Yueyang attended the event, which attracted over 100,000 viewers.
	Photo: To Go Water Sporting in Summer Sihai Water Amusement Park, with both exercises and amusement, is the largest of its kind in Beijing. Over 300 staffers from Beijing FESCO joined in competitions in such events as canoeing, diving and swimming on Jihaihu Lake on June 27.

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