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Beijing, Feb. 8 -- China's banks will outpace their peers in India and Indonesia, the best performers in Asia's banking industry over the past decade, to deliver the highest returns over the next five to 10 years, analysis firm CLSA Ltd said.The top eight performers among Asian banks over the past decade were all from India, with gains of 400 percent to 3,000 percent, CLSA said in a research report released today.Indonesian banks ranked second over a three-to-five-year period, as no data was available for 10 years, the report said.Shenzhen Development Bank Co, China's first commercial bank to launch an IPO and get listed on Shenzhen Stock Exchange (in 1987), is expected to show a more than eight-fold increase in net profit for 2009, boosted by lower provisions for bad loans and higher net interest and fee income, the Wall Street Journal saidThe two countries recorded the highest credit growth, as India's loans increased 622 percent over the past 10 years, followed by 508 percent growth in Indonesia, Daniel Tabbush and Suangsuda Sinsadok, analysts at CLSA, said in the report.That shows "positive" implications for China's banks given the nation's 326 percent increase in loan growth over that period, they wrote in their analysis."Where China stock price data is only recent, we can at least assume that the fact that those banks are returning the third-highest loan growth over the past five and 10 years can in fact mean strong total returns over the long term," the analysts wrote.China's loan growth of 79 percent was the highest over the past three years, according to the report by CLSA, which is "overweight" on the nation's bank stocks as well as those in India and Indonesia.

BEIJING, March 7 (Xinhua) -- Foreign Minister Yang Jiechi said Sunday China is firmly opposed to the recent moves by the United States that undermined China's core interests and the overall interests of bilateral ties and called for joint efforts to promote a return to sound relations."The responsibility for the current difficulty in Sino-U.S. relations does not lie with China," Yang told a press conference on the sidelines of the annual session of the National People's Congress (NPC), the country's supreme legislature.He said that the China-U.S relationship had a good start after President Obama took office last year.However, the U.S arms sales to Taiwan and U.S leaders' meetings with the ** Lama "caused a serious disturbance to China-U.S ties and posed difficulty to the cooperation between the two countries," he said.

KUNMING, March 10 (Xinhua) -- An alleged ringleader and his 32 gang members stood trial Wednesday on gang-related charges in southwest China's Yunnan Province.Shen Chao, the alleged ringleader, faces seven charges, including organizing and leading a criminal gang, gambling, murder, intentionally injuring people, causing social disturbance, and illegal possession of firearms and ammunition.Shen denied all the charges except for gambling, saying that he was "too busy investing in coal mines in Shaotong city to commit the crimes (he is charged with)."Prosecutors identified Shen Chao as the ringleader, Shen Yang, Zhang Ning, Shen Hang and Yao Shunlin as the core members.The trial would last two days in Kunming Municipal Intermediate People's Court.

BEIJING, Feb. 8 (Xinhua) -- Chinese Vice President Xi Jinping on Monday stressed knowledge of the Scientific Outlook on Development through study of senior leaders' insights into the transformation of the economic growth mode.Xi, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, made remarks during a meeting on the study and implementation of theory.Xi said various requirements for the transformation of the economic growth mode are of significance to the study and implementation of the theory and the victory in the fight against the financial crisis.Chinese Vice President Xi Jinping (C), also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, addresses a meeting on further study and implementation of the Scientific Outlook on Development in Beijing, capital of China, Feb. 8, 2010. At a seminar for provincial and ministerial level officials which ran from Feb. 3 to 7, Chinese president Hu Jintao and other senior leaders made speeches on the transformation of the country's economic development mode and its sustainable development.Hu urged the country to enhance its capacity for independent innovation, deepen reform of the system for managing science and technology, and speed up its building of a "grand" pool of innovation-oriented talented people in a bid to give scientific and technological support for the transformation.Xi called on officials to listen to public opinion during their travels during the New Year holiday, and to be on the lookout for problems and to solve them.The CPC launched the Scientific Outlook on Development study campaign in September 2008. It emphasizes the well-being of people and a comprehensive, coordinated and sustainable approach to development.The campaign, scheduled to end late this month, garnered wide participation with more than 75 million CPC members taking part.

SANYA, Hainan, March 21 (Xinhua) -- A senior Chinese official said here Sunday more efforts should be made to further integrate tourism and culture so as to achieve greater development of the industries.Liu Yunshan, a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks at the 2010 Boao International Tourism Forum in Sanya, a tourist resort in south China's Hainan Province.Global tourism was experiencing drastic adjustment along with the world economy's profound changes, while connections between tourism and culture had been increasing, he said.Integrated development of the two industries was an inevitable demand of the times when economic development came to a certain level, which offered huge potential for the tourism industry, said Liu.It was important to stick to opening-up and cooperation in promoting the tourism and culture industries, Liu said."The Chinese government has made the decision to build Hainan into an international tourism island, which demands more efforts to further expand opening-up and explore integration of tourism and culture, making Hainan a key platform for economic cooperation and cultural exchanges between China and foreign countries," Liu said.The two-day forum, under the theme of "transformation of tourism and cultural industries in the aftermath of the global economic crisis," attracted delegates from more than 50 countries and regions, as well as executives of world tourism organizations such as the United Nations World Tourism Organization and the World Travel and Tourism Council.

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