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BERN, Switzerland, Jan. 27 (Xinhua) -- China and Switzerland decided on Tuesday to begin a joint feasibility study on creating a bilateral free trade zone in the second half of this year in preparation for formally launching negotiations on the issue. During talks in the Swiss capital, visiting Chinese Premier Wen Jiabao and President of the Swiss Confederation Hans-Rudolf Merz exchanged views on the current international financial and economic situation and briefed each other on the policies and measures China and Switzerland have taken regarding the international financial crisis. President of the Swiss Confederation Hans-Rudolf Merz (L2) holds talks with visiting Chinese Premier Wen Jiabao (R3) in Bern Jan. 27, 2009The two leaders agreed that it is an urgent task for the two countries to work more closely together to tide over the difficulties against the backdrop of the financial crisis. The feasibility study on a free trade zone is one of the measures the two nations agreed to take in order to jointly tackle the challenges brought about by the international financial crisis. Other measures include deepening financial cooperation, expanding trade and investment, opposing trade protectionism, and promoting reform of the international financial system. China and Switzerland will also boost joint work in technology, energy, environmental protection, as well as in the medical and cultural sectors. The Chinese premier arrived here earlier in the day for an official visit to Switzerland and will also attend the annual meeting of the World Economic Forum in Davos. President of the Swiss Confederation Hans-Rudolf Merz (R4) meets with visiting Chinese Premier Wen Jiabao (R5) in Bern Jan. 27, 2009.Wen said during the talks with Merz that the political mutual trust between China and Switzerland has been deepened and bilateral cooperation has been fruitful since the two nations set up diplomatic ties 59 years ago. He said China values the traditional friendship with Switzerland and is ready to promote high-level exchanges and expand their cooperation that is based on mutual respect and mutual benefit. Merz expressed Switzerland's admiration for China's achievements in its reform and opening up, saying he believed China has an even brighter prospect for further growth. Switzerland hopes to strengthen the political dialogue and practical cooperation with China, he said. After the talks, China and Switzerland signed an agreement on promoting and protecting investment.
BEIJING, Jan. 1 (Xinhua) -- China Dairy Industry Association (CDIA) on Thursday told Xinhua more information on setting up a medical compensation fund for victim babies in the tainted milk powder scandal. "The scandal caused great harm to infants and the society, so firms involved in the scandal feel very regretful for this. To be responsible for their wrongdoing and rebuild the dairy industry's reputation, these companies offer to shoulder social responsibilities," said the association. Sanlu, the dairy producer at the center of the tainted milk powder scandal, and other 21 firms blamed in the scandal had decided to set up a compensation fund for the victim infants. "The money from these companies for this fund has been in place now. The fund will cover the charge on acute disease medical treatment and the one-time cash payment for victims," said the Beijing-based association. But no specific amount of the fund or compensation for each victim baby was revealed. "The fund is big enough to cover all the medical care charge for the victim infants and the compensation work is now underway," according to the association. "After the acute disease medical treatment, if those infants develop related diseases before they are 18 years old, they can also get full reimbursement for their medical expenses from the fund," the CDIA added. The fund will be entrusted to China Life Insurance Co., Ltd., the country's leading life insurer, to manage. To make it easier for the victim families to get compensation, they can get the medical charge reimbursement through China Life's outlets nationwide. China's tainted dairy scandal was exposed in September after babies who had milk powder produced by the northern Hebei Province-based Sanlu Group developed kidney stones. Other leading dairy firms were also involved. The contamination killed six babies and more than 290,000 infants suffered from urinary problems such as kidney stones.
BEIJING, Nov. 4 -- China has set a timetable for its large aircraft plan, and the first homemade jumbo jet will take to the skies by no later than the start of the 13th Five-Year Plan Period (2015-20), a senior official said yesterday. This is the first time a timetable for the trunk liner project has been made public, since the Commercial Aircraft Corp of China Ltd was set up in May. The company is in charge of the large plane's assembly, marketing and after-sales service with an initial investment of 19 billion yuan (2.8 billion U.S. dollars). Miao Wei, vice-minister of industry and information technology, said at the China International Aviation & Aerospace Forum 2008 yesterday that China-made jumbo jets will be on the market between 2015 and 2020. "We will finish the concept design and research on key technologies before 2010, and have the first plane roll off the production line before 2014," he said. Even though the domestic passenger transport volume has been dropping recently amid the global economic slowdown, Miao said he had confidence in China's vast demand for new planes. "In the next 10 years, China will need at least 1,000 new planes," he said. The corporation is currently studying a feasibility plan for the large plane, Jin Zhuanglong, its general manager said yesterday. Some sub-projects have begun, and the large airplane's technology scheme and suppliers will be decided soon, he said. The corporation, which is also responsible for marketing the homemade regional jet ARJ21, will sign its first overseas order, worth about 0 million, with General Electric Co, at the seventh China International Aviation & Aerospace Exhibition, which opens today. GE's leasing unit will sign a contract for 25 ARJ21-700s, which raises the company's backlog to 208, Chen Jin, general manager for marketing and sales, said. Miao said the ARJ21-700 will enter service next year, while work on a 100-seat version, a business-jet model and a freighter will start next year. China has also received 136 orders for the MA 60, a propeller-driven commuter plane, Miao said. Xi'an Aircraft Industry Group Co, the maker of the plane, has already delivered 34, he said. "The next few years will be an important period for China's aviation industry," he said. The ministry will draft a mid-and-long-term plan for the aviation industry soon in order to coordinate the development of large planes, regional jets and helicopters, he said. Lunar ambitions Models of a soft-lander and a rover for the second phase of China's lunar exploration program will be displayed at the air show for the first time. Designed and made by China Aerospace Science and Technology Corporation (CAST), the soft-lander, weighing 3,800 kg on top of the launch vehicle, is likely to be launched in 2013, a corporation source said yesterday. The government has given the nod to the second phase of the lunar program to explore the surface of the moon, the corporation said.
BRUSSELS, Jan. 30 (Xinhua) -- China and the European Union (EU) on Friday vowed to further enhance their partnership and deepen cooperation in various fields. In a joint declaration issued after Chinese Premier Wen Jiabao's visit to Brussels, the two sides emphasized the importance of the strategic partnership in face of globalization and the current volatile international situation. The document says that the China-EU relationship has gone beyond the bilateral domain and is increasingly of global strategic significance. "Both sides are of the view that it is imperative to further improve the China-EU comprehensive strategic partnership, which reflects the common wishes of the two sides and are in their interests," says the declaration. Chinese Premier Wen Jiabao (R) shakes hands with Prime Minister of the Czech Republic Mirek Topolanek, whose country currently holds the rotating European Union presidency, at EU headquarters in Brussels, Belgium, Jan. 30, 2009.They vowed to enhance mutual understanding through dialogues, properly address differences, expand and deepen cooperation in various fields on the basis of equality, mutual trust and respect. China and the EU also agreed to take positive steps to enhance coordination on macro-economic policies in order to overcome the financial crisis and to promote liberalization of trade and investment. Both sides emphasized that an open, free and fair trade and investment environment and the creation of business opportunities are important means to tackle the financial and economic crises. In this context, China and the EU are looking forward to the next high-level forum on economics and trade, which is expected to be held in April 2009. They expressed the hope that the dialogue can further promote trade and economic links. China and the EU also committed themselves to global challenges such as climate change, energy supply and food security. They vowed to push for positive results at the UN climate change conference in Copenhagen, Denmark, in December 2009. Chinese Premier Wen Jiabao speaks at a joint press conference with European Commission President Jose Manuel Barroso held after their talks at European Union headquarters in Brussels, Belgium, Jan. 30, 2009. They agreed to strengthen cooperation in crisis management, to help implement the UN's Millennium Development Goals and to promote sustainable development across the world. China and the EU promised to enhance coordination and cooperation on international and regional issues, to promote the UN's prominent role in dealing with international affairs and advocate the resolution of disputes through dialogue, says the document. Chinese Premier Wen Jiabao (L) speaks as European Commission President Jose Manuel Barroso listens at the joint press conference held after their talks at European Union headquarters in Brussels, Belgium, Jan. 30, 2009. The declaration says the leaders recalled the path of development of China-EU relations and were happy with the achievements of bilateral cooperation. China-EU relations have not only promoted development in the two regions, but also made important contributions to world peace and prosperity, says the declaration. During his visit to the EU headquarters, the second after his first trip to Brussels in 2004, Wen held talks with European Commission President Jose Manuel Barroso and met EU foreign and security policy chief Javier Solana. He also had a luncheon with EU leaders, including Czech Prime Minister Mirek Topolanek, whose country holds the current EU presidency. The two sides announced that a China-EU summit will be held as soon as possible. The summit, which was originally scheduled for December last year, was postponed after French President Nicolas Sarkozy, whose country at that time held the rotating EU presidency, met the ** Lama, who is regarded as a separatist by China. China and the EU also signed nine agreements, covering health, customs, education, intellectual property rights, environment and civil aviation.
ALGIERS, Nov. 3 (Xinhua) -- China's top legislator Wu Bangguo arrived in Algiers on Monday afternoon on a three-day official visit to Algeria. During an informal meeting at the airport with Abdelaziz Ziari, Speaker of the Algerian National Assembly, Wu, chairman of the Standing Committee of China's National People's Congress, highlighted the progress of bilateral relations in recent years, saying he felt especially delighted to visit Algeria at the 50th anniversary of the establishment of diplomatic ties. "The purpose of my visit is to further promote the friendship between the two peoples, expand the bilateral cooperation with mutual benefit and strengthen our strategic and cooperative ties to a higher level," Wu told Ziari. Abdelaziz Ziari (R), Speaker of Algeria's National Assembly, greets Wu Bangguo (L), chairman of the Standing Committee of China's National People's Congress, at an airport in Algiers, capital of Algeria, on Nov. 3, 2008. Ziari voiced agreement with Wu's views on the bilateral relations, noting that Algeria has been looking forward to Wu's visit and that he believed the visit would push forward the China-Algeria cooperation. In addition to Ziari, Wu is also expected to meet Algerian President Abdelaziz Bouteflika, Prime Minister Ahmed Ouyahia and the President of Algerian Council of the Nation Abdelkader Bensalah. Algeria is the first leg of Wu's five-nation Africa tour which will also take him to Gabon, Ethiopia, Madagascar and Seychelles