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OTTAWA, May 5 (Xinhua) -- Larry O'Brien, Mayor of Canada's capital city of Ottawa, said that the achievement of his trip to China had exceeded his expectation, and the cooperation between China and Canada had a broad prospects.In an exclusive interview with Xinhua in his office in Ottawa after a journey to China accompanied by a business mission during April 6 to 16, O'Brien said that the trip, which was the first foreign mission since he took office as a Mayor of Ottawa in 2006, was productive and delighting.O'Brien visited Beijing, Chongqing, Shenzhen and Hong Kong during his trip in China, signing a Memorandum of Understanding ( MOU) on continuing cooperation between Ottawa and Beijing, and attending the signing ceremony of the Cooperation Agreement between Ocri and Beijing Investment Promotion Bureau.In the meantime, Ottawa Tourism and Beijing Badaling special zone's office signed MOU of Cooperation between Badaling Great Wall in Beijing and the Rideau Canal in Ottawa. And Canada's Plasco Energy Group Inc. and Beijing Environmental Sanitation Engineering Group Co (BESG) also signed a MOU to establish facilities in Beijing to convert waste to clean energy.O'Brien noted that Plasco's signing MOU with BESG exceeded his expectation, and he was impressed by the quick research speed and by their ability to sign the document during this visit. He said it was "a present and a surprise," and "a good achievement for our trip.""It underscores the importance of having government and industry working together, to create a better bond between the city of Beijing and the city of Ottawa," he added.Talking about the MOU in tourism, O'Brien said: "Rideau Canal in Ottawa, which is built in 1826-1832, is really worthwell. ( Tourists coming here) will feel the warmth of 900,000 warm Canadian hearts, warm Ottawa hearts. We are going to promote the Great Wall as well, which I had the honor and distinguish pleasure to go and visit this time."He also said that China had set Canada, where has a lot of places worth to see besides Ottawa, such as the mountains, the west coast, and the sea villages on the east coast, as the destination for tourists. "I am hoping that more Chinese to take this opportunity to move over to see how we live in Canada."In Shenzhen, O'Brien visited Huawei Technologies' research and development plant, welcoming it to invest in Ottawa. "Ottawa is a good place to do business. We have wonderfully clean and safe environment, with half of our population received college education or greater. Huawei has 70 to 80 people in Ottawa now, and expect to increase to 250 in three years," he said. And he also warmly welcomed other Chinese companies to establish research and development facilities in Ottawa."Due to the warm of the reception and the success we enjoyed during the trip, vast majority of our counselors and the citizens of Ottawa were very happy (with the achievement), and gave very positive comments on it," he said.He also said: "I think everybody on this trip had their eyes opened on the size of the market in China, found the opportunities to follow up, and the pace of being able to capture market opportunities.""In order to create trade and opportunities, you must have communications and trusts. Every long and wonderful journey starts with a single step. I would like to encourage our clean technique companies to begin this step," he added.O'Brien believed that the entire developing world was one third of the world economy 15 years ago. And now, Asia is half of the world economy, and will be 65 percent of that after 10 to 15 years. "We hope to participate in its economic development, especially to play a role in supporting the market growth in both China and India.""Fast forward to 2010, this is a brand new China. I am confident that there will be more mutually beneficial business arrangements. Already China has invested 10 billion U. S. dollars in the last 18 months in Canada in oil and minerals. I perceive this as the beginning of another series of cross fertilizations between our economies, and between our cultures. And I came away from the trip with great optimism for the future," he concluded.
TASHKENT, May 1 (Xinhua) -- When and how the exchange rate of Chinese Yuan should be adjusted must be decided by the Chinese government, the president of the Asian Development Bank (ADB) said Saturday.Addressing the opening press conference of the 43rd annual meeting of the ADB's Board of Governors, Haruhiko Kuroda said the yuan issue was "up to the Chinese authorities to decide."Meanwhile, Kuroda also said it was up to Chinese authorities to decide how and when to implement exit strategies.Kuroda acknowledged China played a leading role in the recovery of the Asia-Pacific region from the global financial crisis thanks to the 8.7-percent growth of its gross domestic product (GDP) last year.Haruhiko Kuroda, president of Asian Development Bank (ADB), speaks during a press conference in Tashkent, Uzbekistan, May 1, 2010. ADB began its annual meeting of the Board of Governors in Uzbekistan on Saturday. Kuroda said the Chinese economy would maintain a high growth rate, with a forecast of 9.6 percent of GDP growth this year and 9.1 percent next year.Despite the fact that China's substantial fiscal measures were not the same as those implemented during the crisis, Kuroda believed that sooner or later the government would mull over an exit from these measures given the strong economic growth.Besides China, all Asian countries should carefully time their exit strategies to unwind their anti-crisis fiscal and monetary policy measures, he said.The ADB began its 43rd annual meeting on Saturday with a pivotal focus on poverty, climate change and regional integration. It is the first time the ADB held its annual meeting in a Central Asian state.
SHANGHAI, May 1 (Xinhua) -- China's top political advisor Jia Qinglin met foreign guests in Shanghai on Saturday.Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, met Palestinian President Mahmoud Abbas, Mongolian President Tsakhia Elbegdorj, former Namibian President Sam Nujoma, and Japanese prime minister's special envoy Yoshito Sengoku, who is also Minister of National Strategies.Having attended the opening ceremony of the Shanghai World Expo on Friday, the four guests expressed their wishes for a successful and unforgettable Expo.During the meeting with Abbas, Jia said the Chinese people have always firmly supported the just cause of the Palestinian people to strive for their legitimate national rights, and the Palestinian people have always stood by the Chinese people.Jia Qinglin (R), chairman of the National Committee of the Chinese People's Political Consultative Conference, meets with Palestinian President Mahmoud Abbas in Shanghai, east China, May 1, 2010.China hopes to join with Palestine to move forward to deepen China-Palestine relations, and continue efforts in promoting Middle East peace negotiations, Jia said.Abbas thanked the Chinese people for their help and support, and said Palestine attached great importance to the Palestine-China relations and would make efforts to consolidate the relationship.He said Palestine would continue firmly supporting China's cause of peaceful reunification.In the meeting with Elbegdorj, Jia said China and Mongolia were friendly neighbors and bilateral ties had developed soundly.The healthy and stable development of bilateral ties was significant for the two nations' development, and conducive to the peace and development in the region, Jia said.China was willing to work with Mongolia to constantly develop ties, bringing more benefits for the two nations and peoples, he said. He also hoped China and Mongolia would take opportunities to enhance cooperation and exchanges and achieve common development.Elbegdorj also expressed willingness to strengthen cooperation and exchanges, and deepen the friendship between the two peoples.When meeting with Sam Nujoma, Jia said exchanges and cooperation between the Communist Party of China (CPC) and Namibia's South West Africa People's Organization (SWAPO) party served as an important political basis for the development of bilateral relations.Jia said the CPC is willing to continue its efforts to enhance friendly exchanges with the SWAPO party and push forward the development of China-Namibia relations. He also said Sam Nujoma's visit to the Expo would consolidate friendship between China and Namibia.Sam Nujoma, also former president of the SWAPO party, said the opening ceremony was unforgettable and believed the Expo would be a grand event for people around the world to promote peace, boost development and pursue progress.Meeting with Yoshito Sengoku, Jia said China-Japan relations have maintained a good momentum for development.The Chinese government is willing to work with Japan to boost the development of the China-Japan strategic relationship of mutual benefit by enhancing high-level mutual trust, deepening mutually beneficial cooperation, expanding people-to-people and cultural exchanges, Jia said.Yoshito Sengoku said Japan is ready to strengthen high-level, people-to-people and cultural exchanges, and deepen cooperation with China in economy, trade, science and technology to further develop ties.
BEIJING, May 7 (Xinhua) -- China's policy of actively attracting foreign investment will not change, said vice minister of commerce Ma Xiuhong Friday.The Ministry of Commerce will keep working to maintain a good investment environment for foreign companies, said Ma during a discussion with multinational firms."The ministry will strengthen its communication with multinational corporations and foreign enterprises," she said.China could provide new opportunities for foreign investors as the country is in a process of modernization, urbanization and transformation of its economic development pattern, said Ma.She hoped that while achieving their own development goals, foreign enterprises could play a larger role in China's pursuit of scientific innovation, industrial upgrading, and more balanced regional economic development.Representatives from 64 multinational corporations and four foreign chambers of commerce participated in the discussion. They were joined by officials from a number of Chinese government departments, including the Ministry of Finance and Ministry of Industry and Information.Foreign direct investment to China increased 7.7 percent year on year to 23.44 billion U.S. dollars in the first quarter.
BEIJING, April 29 (Xinhua) -- Beijing on Thursday started to construct a new subway line that will run 47.7 km through the city.Beijing Subway Line No. 14 runs from west to northeast with 36 stops in three districts of Fengtai, Chongwen and Chaoyang, according to a spokesman with the Beijing Metro Transport Construction Management Company.The line is expected to cost 27.2 billion yuan (4 billion U.S. dollars) wand be completed in 2014. And a western section of it will be launched for public use by 2013, he added.Beijing plans to have a subway system that runs more than 300 km by the end of 2010, 420 km by 2012 and 561 km by 2015.