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CAIRO, Nov. 6 (Xinhua) -- Chinese Premier Wen Jiabao arrived here Friday, starting a two-day official visit to Egypt preceding a top-level review of action to build China-Africa cooperation.     Egyptian Prime Minister Ahmed Nazef received Wen at the airport.     During his visit, Wen is scheduled to meet with Egyptian President Hosni Mubarak and hold talks with Nazef. He will also meet with Arab League chief Amr Mussa, and deliver a speech at the Arab League headquarters in Cairo.     This is Wen's second official visit to Egypt. The first was in 2006, which marked the 50th anniversary of establishing diplomaticties between China and Egypt. Visiting Chinese Premier Wen Jiabao is greeted during a welcoming ceremony in Cairo, capital of Egypt, Nov. 6, 2009After his official visit to Egypt, Wen will attend the opening ceremony of the fourth ministerial meeting of the Forum on China-Africa Cooperation (FOCAC) in the Egyptian resort of Sharm el-Sheikh on Sunday.     Wen will also hold bilateral meetings with leaders of FOCAC member countries at Sharm el-Sheikh.     The FOCAC meeting, an important gathering after the Beijing Summit of the forum in November 2006, will review how the consensus of the Beijing Summit has been implemented.     It is also expected to adopt a declaration and an action plan for 2010-2012 to chart the path for further China-Africa cooperation.     Chinese Foreign Minister Yang Jiechi and Commerce Minister Chen Deming, as well as other senior officials, are accompanying Wen.

ASHGABAT, Dec. 14 (Xinhua) -- Chinese President Hu Jintao's visit to Central Asia has been fruitful, Chinese Foreign Minister Yang Jiechi said Monday.     Hu has reached broad consensus with leaders of Central Asian countries on strengthening political mutual trust, deepening practical cooperation, and promoting communication and coordination in multilateral organizations, Yang told reporters.      CHINA-KAZAKHSTAN STRATEGIC PARTNERSHIP PROMOTED Chinese President Hu Jintao (L) meets with Kazakhstan's President Nursultan Nazarbayev in Astana Dec. 12, 2009. During his visit to Kazakhstan, the Chinese leader reached agreement with his Kazakh counterpart, Nursultan Nazarbayev, on promoting the Sino-Kazakh strategic partnership, said Yang, who was accompanying Hu during his visit.     Hu made five proposals: strengthening political mutual trust, deepening cooperation in the energy sector and other sectors, enhancing financial cooperation, and expanding cultural cooperation.     Hu expressed China's willingness to work with Kazakhstan and support each other on issues concerning their core interests, and push forward practical cooperation in various areas.     Nazarbayev said he highly valued the important role of China's good neighborly foreign policy in promoting peace, security and development in Asia and the world.     The two leaders agreed to further promote practical cooperation between China and Kazakhstan in various fields, and strengthen cooperation in important organizations and frameworks such as the Shanghai Cooperation Organization (SCO) and the Conference on Interaction and Confidence-building Measures in Asia (CICA), Yang said. 

BEIJING, Oct. 26 -- Delegations from more than 84 countries and regions will participate the ITD conference Monday, and a host of international experts from governments, the private sector and academia will make presentations and lead discussions on this important topic.     The ITD is a cooperative venture formed in 2002 and comprised of the International Monetary Fund (IMF), the Organisation for Economic Cooperation and Development (OECD), the World Bank, the Inter-American Development Bank, the European Commission and the UK Department for International Development.     Its purpose is to foster dialogue on important topics in tax policy and administration and to function as a disseminator and repository of information on matters of interest in taxation around the world, through its website, www.itdweb.org.     The IMF attaches great importance to its role as a founding member of the ITD. Recent events in the world economy have made even clearer the necessity of international cooperation and sharing experience in economic matters, and this is the very purpose, which the ITD serves.     The topic of this conference is a timely and critical one. The world has been reminded recently and forcefully of the great importance of the financial sector for macroeconomic stability, growth, and development goals. The sector plays a critical intermediating function - without it credit could not exist, capital could not be channeled to useful purposes and risks could not be managed.     The conference will take place against the background of the worst financial and economic crisis to strike the world in three generations, and, while taxation was not itself the cause of the crisis, elements of the tax system are relevant to its background and resolution.     Most tax systems embody incentives for corporations, financial institutions and in some cases individuals to use debt rather than equity finance.     This is likely to have contributed to the crisis by leading to higher levels of debt than would otherwise have existed - even though there were no obvious tax changes that would explain rapid increases in debt. Tax distortions may also have encouraged the development of complex and opaque financial instruments and structures, including through extensive use of low-tax jurisdictions - which in turn contributed to the difficulty of identifying true levels of risk.     The magnitude of the fiscal challenges facing the world economy is greater than at any other time since World War II.     Estimates done by IMF staff on the fiscal adjustment necessary to bring government debt-to-GDP ratios down to 60 percent by 2030 - over 20 years hence - show a gap in the cyclically adjusted primary balances of some 8 percentage points of GDP in advanced economies to be closed between 2010 and 2020.     This cannot all be accomplished by expenditure reduction. New, or increased, sources of revenue will need to be found, on average perhaps 3 percentage points of GDP. While improvements in compliance and administration could account for some of that gap, it will be necessary to adjust tax policies to a degree not hitherto seen on a wide scale.     Although the world economy remains weak with downside risks and much hardship remain, signs of improvement are thankfully now visible.     This is an opportune juncture, therefore, to begin the work of planning countries' exits from the deteriorated fiscal positions developed in response to the crisis, and to give thought to questions raised by the performance of the financial sector in triggering the crisis.     What role can better tax policies and administration play in preventing a recurrence of this costly episode in economic history?     The financial sector has been, and must continue to be, a critical link in the development of the world's economies. The sector has played a key role in accelerating the development of the emerging markets - many of which, prior to this most recent episode, had grown able to tap the world's financial resources at an increasing rate unparalleled in history.     And for the world's most vulnerable economies, continued financial deepening will be absolutely necessary to permit them to meet their development goals. The upcoming conference will consider the role of taxation in both the industrial and developing countries with respect to these goals.     The conference will address not only the role of the financial sector as a source of revenue itself, and its broader role in the development and growth of the world economy, but also its function in assisting in administration of the tax system-through information reporting, collection of tax payments, and withholding.     This latter role will become ever more important with growing international cooperation in fighting tax evasion and avoidance.     Finally, we must not lose sight of the main function of the tax system - to raise revenue in an economically efficient, non-distortionary, and administratively feasible manner.     Even fully recognizing the existence of both market failures and policy-induced vulnerabilities, including those that contributed to this crisis, it is important to avoid accidentally introducing distortions through the tax system that may prove worse than the evils they are intended to remedy.     "Neutrality" of taxation of the financial sector in this sense is a benchmark against which deviations from this objective may be measured and judged.     One must ask whether any proposed interventions are targeted at a recognized externality or existing distortion, and, if so, whether the proposed action is the most appropriate response. And the multilateral institutions, in particular, must look to the effects which the financial sector and its taxation may have not only on the world's highly developed economies-those with the greatest depth of financial intermediation-but at the effects, direct and indirect, on the world's developing nations.     International cooperation on these matters will be critical to making improvements that will benefit all of us. This week's important event, hosted by the Chinese government and organized by the ITD, is itself a model in this regard.

BEIJING, Nov. 20 (Xinhua) -- Chinese Premier Wen Jiabao on Friday congratulated EU's top leaders elected on Thursday, vowing to further boost China-EU all-round strategic partnership.     Wen made the remarks in his meeting with a group of EU diplomats including former French Prime Minister Jean-Pierre Raffarin and Hungary's ex-Prime Minister Peter Medgyessy, who were here to attend a China-EU forum.     The Belgian prime minister was unanimously elected on Thursday as the first full-time EU president and Britain's EU Trade Commissioner Catherine Ashton as EU foreign policy chief.     "As a strategic partner of the EU, China congratulates the leaders elected and feels glad for that," Wen said.     Calling EU as an important pole of the world, Wen said the EU integration would help the 27-nation bloc to play greater role in international affairs.     He called for courage and insight of political figures of both sides, as well as support from various circles of the society to deepen China-EU relations.     "The Chinese government is ready to cement trust and deepen cooperation with EU to promote bilateral all-round strategic partnership," he added.     Some of the EU representatives told Wen both the EU and China shoulder great responsibilities in the world globalization. The two sides should not only properly settle issues in bilateral ties but also jointly respond to major global challenges such as climate change.

BEIJING, Dec. 8 (Xinhua) -- Chinese President Hu Jintao Tuesday spoke highly of the strategic security talks with Russia that helped to promote bilateral ties, pledging to further the bilateral strategic partnership of cooperation in the coming year.     The security talks, initiated in February 2005, served as a platform for the two states to enhance political trust and cooperation in various fields, especially in law-enforcement and security aspects. Chinese President Hu Jintao (R) meets with Russian Security Council Secretary Nikolai Patrushev in Beijing, capital of China, Dec. 8, 2009Chinese State Councilor Dai Bingguo and Russian Security Council Secretary Nikolai Patrushev attended the fourth round of talks in Beijing early Tuesday.     They discussed bilateral ties, saying it witnessed a balanced, smooth and quality development this year, which marks the 60th anniversary of the establishment of diplomatic relations between the People's Republic of China and Russia.     They applauded the frequent high-level visits, improved strategic coordination, enhanced strategic mutual trust, and the expanding economic and humanitarian cooperation. China and Russia hold the fourth round of strategic security consultations in Beijing, capital of China, Dec. 8, 2009. "The two sides believed that the strategic coordination between China and Russia played an important role in safeguarding the two states' strategic security interest, development, and the world peace and stability," the Chinese Foreign Ministry said in a press release.     The two sides pledged to further strengthen coordination in their strive to promote the reform on global governance mechanism, maintain close cooperation on major international and regional issues, enhance regional cooperation and preserve their common interest. Chinese State Councilor Dai Bingguo (R Front) shakes hands with Russian Security Council Secretary Nikolai Patrushev after they signed the China-Russia strategic security consultations mechanism cooperation protocol following the fourth round of strategic security consultations in Beijing, capital of China, Dec. 8, 2009. They also discussed the nuclear issue on the Korean Peninsula, Iran's nuclear program, the Group of 20, the reform of the United Nations, climate change, nuclear disarmament, the BRIC and the Shanghai Cooperation Organization, Chinese diplomatic sources said.     "The world is experiencing dramatic change and adjustment, which will offer new opportunities and challenges for the development of both China and Russia," Hu said during a 40-min meeting with Patrushev in the Great Hall of the People in central Beijing.     It will also raise new task and requirements for the development of the China-Russia strategic partnership of cooperation, Hu told the senior Russian security official.     China will work along with Russia, take the opportunities and enhance the all-round strategic coordination and substantial cooperation in various fields in a bid to lift bilateral ties into a new phase, Hu noted.     Hu proposed the two sides to tap the full potential of the strategic security talks so as to make further contribution to the development of bilateral ties.     Patrushev echoed Hu's remarks on world situation, adding that it is of great significance for Russia and China to speed up strategic coordination under the context of the global financial crisis.     The frequent exchange of high-level visits and cooperation in various fields fueled the development of bilateral ties, he said, vowing to further enhance cooperation with China in a bid to bolster bilateral ties.