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BEIJING, Aug. 19 (Xinhua) -- China's domestic corn supply was adequate, and a recent price increase was the result of market speculation, a senior official told Xinhua Thursday.Shang Qiangmin, director at the China National Grain and Oils Information Center, said both the supply and corn reserves were adequate in China and the government was determined to regulate the corn market."Imbalance between corn supply and demand is a misjudgement," Shang said.Although floods that ravaged the country's northeastern regions in late July have caused adverse impacts on regional corn growing, final output was expected to increase from one year earlier due to the expanding of planting areas, Shang said."China has enough corn reserves to meet market demand," he said.The buying boom in the northeastern region is currently caused by enterprises' increasing corn stocks on speculation of price increase, he said.According to Shang, corn stocks at major grain enterprises in northeastern Jilin, Liaoning and Heilongjiang provinces, and Inner Mongolia Autonomous Region, increased by 5.12 million tonnes at the end of July compared with one year earlier.The Chinese government has strengthened macro control of corn market by increasing supply and cracking down on illegal activities that force up corn prices.As the world's major corn producer and consumer, China's annual corn production and consumption both exceed 150 million tonnes.

XI'AN, July 17 (Xinhua) -- It is untrue to say that the investment environment in China is worsening, said Chinese Premier Wen Jiabao Saturday as he invited more foreign companies to invest in the country.China sticks to its opening-up policy, Wen added.In talks with heads of prestigious German and Chinese firms in northwest China's Xi'an city, Wen and visiting German Chancellor Angela Merkel aim to boost cooperation between the two nations."Currently, there is an allegation that China's investment environment is worsening. I think it is untrue," said Wen when answering a question from Juergen Hambrecht, chief executive of German chemical company BASF.Foreign firms have voiced concern China's indigenous innovation policy might provide incentives for government bodies to purchase products developed by Chinese companies.The World Bank in a July report gave China a low investment environment ranking.But the amount of foreign direct investment (FDI) that flowed into China in the first half of the year rose 19.6 percent year on year, according to data from the Ministry of Commerce (MOC).China attracted 12.51 billion U.S. dollars in FDI in June alone, up 39.6 percent year on year.Wen said, "Foreign investment will not pour into a country where the investment environment is worsening."Wen said China has relatively good infrastructure as well as fair and stable market environment.

BEIJING, July 3 (Xinhua) -- Chinese Vice President Xi Jinping met Friday with Daniel Kwelagobe, chairman of Botswana Democratic Party, according to a press release from the International Department of the Communist Party of China (CPC) Central Committee.Xi hailed China-Botswana relationship, saying the two countries have witnessed fruitful cooperation in areas like trade, investment, culture and education, said the press release.Since the CPC and Botswana Democratic Party established party-to-party relations 30 years ago, the two parties have conducted various forms of exchanges, which helped to increase mutual understanding and push forward bilateral relationship.Chinese Vice President Xi Jinping (R Front) meets with Daniel Kwelagobe, chairman of Botswana Democratic Party, at the Great Hall of the People in Beijing, capital of China, July 2, 2010.The CPC would further deepen exchanges and cooperation with the ruling party of Botswana, said Xi.Xi said China would make joint efforts with the African countries including Botswana to lift China-Africa strategic partnership to a new level.Kwelagobe, on his first visit to China since taking office as the party chairman, appreciated China's support for Botswana's development, saying the Botswanian government and ruling party would continue to follow one-China policy.Kwelagobe also spoke highly of the constructive role China has played in international affairs.

BEIJING, July 2 (Xinhua) -- The central parity of the Renminbi (RMB), or China's currency yuan, strengthened to 6.7720 per U.S. dollar on Friday, a new record high, according to the data released by the China Foreign Exchange Trading System.China's central bank announced on June 19 that it would further the reform of the formation mechanism of the yuan exchange rate to improve its flexibility.

BEIJING, Aug. 17 (Xinhua) -- China's Supreme People's Court (SPC) has urged more efforts to clear the backlog of cases as a campaign to complete long-delayed verdicts had seen positive results.Various local departments were urged to be "fully aware" of the importance of the speedy execution of court orders and tackling the backlog of cases, said a statement released Tuesday after a meeting on backlogged cases.The meeting was jointly held by the Political and Legal Affairs Commission of the Communist Party of China (CPC) Central Committee and the SPC.Statistics cited in the statement show that since a campaign on clearing backlogged cases started in November 2008, long-delayed verdicts for more than 333,000 property cases had been completed.In addition, more than 3 million cases not involving properties had also been cleared.The two organizations urged police, banks, financial administrative departments, tax departments and other units that might be involved in case execution to fully support and coordinate the enforcement of court orders.The statement also called for harsher punishments and restrictions in real estate, credit rating and other fields for defendants who refused to follow court orders."The campaign is in accordance with the people's interests... and will have positive effects on promoting social harmony and stability," said Wang Lequan, deputy secretary of the Political and Legal Affairs Commission, at the meeting.