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UNITED NATIONS, Oct. 22 (Xinhua) -- China on Friday voiced its hope that the upcoming summit of the Group of 20 largest economies (G20) will help achieve positive efforts that include the efforts to strengthen the institution building, enhance market confidence around the world and accelerate the recovery of the world economy.The statement came as Li Baodong, the Chinese permanent representative to the United Nations, was speaking at the informal meeting of the UN General Assembly on the upcoming G20 summit in Seoul, the capital of the Republic of Korea (ROK)."China hopes that the Seoul summit will, in the spirit of mutual benefit and win-win outcome on the basis of implementation of the outcomes of previous G20 summit, achieve the following positive results: First, strengthen the institution building of the G20, enhance market confidence around the world, and accelerate the recovery of the world economy," Li said."Second, complete the IMF's share reform before the summit and fulfill the commitments made by the G20 leaders," he said. "Third, address the imbalance in development issues, so as to provide political support to the early realization of the MDGs," the eight anti-poverty targets to be reached by 2015. IMF stands for the International Monetary Fund, a Bretton Woods institute.A one more positive results that China hopes to see at the end of the coming G20 summit is to "facilitate the achievement of a comprehensive and balanced outcome at the Doha Round and the fulfillment of the Development Round objectives," he said."China stands ready to work with all parties concerned to ensure that the G20 summit continue to develop in line with the common interests of the international community," he said.Meanwhile, the senior Chinese diplomat also voiced his support to the UN involvement in the G20 summit."China supports the initiative of the G20 to invite, as it did in the past, representatives of the United Nations to participate in the summit and its preparations," he said."China welcomes the effort of the (UN) secretary-general to gather the views and proposals of the member states and bring these inputs to the summit in Seoul," Li said."The G20 summit has played a significant and positive role in coordinating global response to the international financial crisis and in promoting the recovery of the world economy. The United Nations is the most authoritative and representative multilateral organization," he said. "Enhancing coordination and cooperation between the G20 and the United Nations will help strengthen global economic governance, promote the sustainable and balanced recovery of the world economy, and address the legitimate concerns of small and medium-sized countries."The G20 members account for 90 percent of global output, 80 percent of global trade, and two-thirds of the world's population. They include: Argentina, Australia, Brazil, Britain, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, the ROK, Russia, Saudi Arabia, South Africa, Turkey, the United States and the European Union.
BEIJING, Aug. 30 (Xinhua) -- Chinese President Hu Jintao held talks last Friday with top leader of the Democratic People's Republic of Korea (DPRK) Kim Jong Il in Changchun, capital city of northeast China' s Jilin Province.Kim, general secretary of the Worker' s Party of Korea (WPK) and chairman of the DPRK National Defense Commission, paid an unofficial visit to China from August 26 to 30 at the invitation of Hu, also general secretary of the Central Committee of the Communist Party of China (CPC).Hu said that at present, China and the DPRK are increasing vigorous exchange and cooperation in various fields, among various departments and between provinces along the borders. The two sides have maintained close communication and coordination on issues of the Korean Peninsula and the region.Hu said China is ready to work with the DPRK to carefully safeguard and develop friendly and cooperative relations between the two countries.During the talks, Hu put forward three proposals for further strengthening relations between the CPC and the WPK and between the two countries.Firstly, the two sides should maintain high-level contact, which is of great significance to continuously pushing forward the development of the China-DPRK links. Leaders of the two sides should continue to maintain regular communication in various forms.Secondly, the two sides should advance trade and economic cooperation. Expanding and deepening mutually beneficial and win-win trade and economic cooperation is in the basic interests of the two peoples. China is ready to grow trade and economic cooperation on the principles of government guidance with enterprises playing a major role, market operation, and mutual benefits for win-win results.Thirdly, the two sides should strengthen strategic communication. Since the regional and international situation is undergoing profound and complicated changes, prompt, thorough and in-depth communication between China and the DPRK on major issues is of critical importance to effectively maintaining peace and stability in the Northeast Asia region and to promoting common development.

BEIJING, Oct. 28 (Xinhua) -- Access to debt finance, leading technology and lower cost gave Chinese mining and metals investors an advantage in the global mergers and acquisitions (M&A) market, accounting giant Ernst & Young said Thursday."Competition for mining and metals assets around the world has steadily increased during 2010, with the sector's total deal value as of Sept. 30 growing 87 percent over the same period last year," said Ernst & Young global mining and metals leader Mike Elliott.The firm's statistics show the total value of the world's deals in mining and metals for the year to Sept. 30 reached 78.9 billion U.S. dollars, with the number of deals growing 10 percent year-on-year to 827.For China, the value of mining and metals deals at Sept. 30 has surged 53 percent to 8.9 billion U.S. dollars. Of the 102 transactions, 49 were outbound deals, 40 domestic and 13 inbound."China's outbound M&A investment continues to be driven by the country's need to secure reliable sources of raw materials to support its rapid economic growth and urbanization plans," Ernst & Young China mining and metals leader Peter Markey said."Debt finance in particular has a strong appeal to vendors, given the lack of bank finance available to miners. Bidders able to provide not just equity but also direct or indirect access to debt are very appealing," he said.Similarly, bringing innovative Chinese technology to the deal table, together with access to equipment and supplies which lower operating costs, had proved a winning formula for some successful Chinese acquirers this year, Markey said.
BEIJING, Sept. 28 (Xinhua) -- General Secretary Hu Jintao of the Central Committee of the Communist Party of China (CPC) Tuesday sent a message to Kim Jong Il, top leader of the Democratic People's Republic of Korea (DPRK), to warmly congratulate him on his reelection as general secretary of the Workers' Party of Korea (WPK)."On behalf of the CPC Central Committee and in my own name, I hereby extend my warm congratulation on the successful holding of the conference of the WPK, on your reelection as general secretary of the WPK, and on the reelection and formation of a new highest leading body of the WPK," Hu said in the message.For many years, the WPK headed by Kim Jong Il has led the entire Korean people to be self-reliant, to struggle arduously and to make great achievements in the cause of building Korean-style socialism.Over recent years, the Korean people have made a series of delightful achievements in building the DPRK into a strong and prosperous nation, in developing the national economy, in improving the people's livelihood, etc, according to the message.China and the DPRK have profound traditional friendship, close geographic relations and extensive common interests.To strengthen and develop China-DPRK friendly and cooperative ties is an unswerving policy of the CPC and the Chinese government.Despite the ups and downs of the international situation, we will always handle, maintain and boost China-DPRK relations from a strategic height and a long-term perspective, according to the message."We are willing to make joint efforts with the DPRK to continuously promote China-DPRK relations to a higher level, in order to better benefit the two peoples and make greater contributions to realizing lasting peace and common prosperity in the region," Hu said in the message."I sincerely wish General Secretary Kim and the WPK to keep making new and greater achievements in the cause of leading the DPRK people building a strong and prosperous country," he said.
BEIJING, Oct. 23 (Xinhua) -- China's Ministry of Finance (MOF) announced Friday it would sell 28 billion yuan (4.2 billion U.S. dollars) of book-entry discount treasury bonds from next Monday.The bonds would be sold at a discount and mature at face value, said the ministry in a statement on its website.With a term of 91 days, the issue price of the discount bonds would be 99.542 yuan, said the statement.The bonds will be sold from Oct. 25 to 27 and become tradable on inter-bank and securities bond markets on Oct. 29.The issue is the 14th batch of its kind this year.
来源:资阳报