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BEIJING, April 15 (Xinhua) -- China and New Zealand should work together to deal with the international financial crisis, said Chinese Premier Wen Jiabao on Wednesday. "This would benefit both countries and the region as well," Wen told visiting New Zealand Prime Minister John Key. Chinese Premier Wen Jiabao (R) shakes hands with New Zealand's Prime Minister John Key at the Great Hall of the People in Beijing, capital of China, April 15, 2009. Wen said Sino-New Zealand relations was "at its best in history." adding to the Free Trade Agreement (FTA) signed last October has greatly boosted bilateral trade and economic cooperation and brought about concrete benefits to the two peoples. Wen proposed the two countries continue high-level exchanges of visits to improve political trust. Chinese Premier Wen Jiabao (front L1) welcomes visiting New Zealand's Prime Minister John Key (front L2) at the Great Hall of the People in Beijing, capital of China, April 15, 2009He urged the two sides to use the advantage of the FTA to expand cooperation in the areas as agriculture, forestry, stock raising, environmental protection, clean energy and food safety. Wen also called upon the two countries to promote personnel exchanges and coordination in the international organizations. Key said New Zealand remains committed to developing relations with China and would take the chance of implementing the FTA to expand bilateral cooperation in agriculture, stock raising and science and technology. The prime minister said New Zealand and China should stand firmly against trade and investment protectionism and advance the Doha round of negotiations. After the talks, the two leaders witnessed the signing of agreements on cooperation in information and tourism. Key is to head to south China's Hainan Province for the 2009 meeting of the Bo'ao Forum for Asia (BFA) from April 17 to 19.
LONDON, Feb. 12 (Xinhua) -- China's mining giant Aluminium Corporation of China (Chinalco) announced here on Thursday it will inject 19.5 billion U.S. dollars in cash into Rio Tinto. The cash injection is regarded as "firepower" for Rio Tinto, against the global economic downturn, Tom Albanese, chief executive of Rio Tinto, said. Xiao Yaqing, president of Chinalco, said following the signing of an agreement on investment that the investment is a show of confidence in both China and the world, adding that "the strategic partnership with Rio Tinto will prove to be valuable and successful." Xiao Yaqing (L), general manager of Aluminum Corp. of China (Chinalco), shakes hands with Rio Tinto Group chairman Paul Skinner at the signing ceremony in London, Britain, Feb. 12, 2009. Chinalco announced Thursday it would invest 19.5 billion U.S. dollars in mining giant Rio Tinto Group, bailing out the latter while securing for the state-owned Chinese company access to more resources As the leading Chinese diversified resources company, Chinalco's investment puts more emphasis on potential future values than on short-term returns, Xiao said. The transaction will forge a pioneering strategic partnership through the creation of joint ventures in aluminium, copper, and iron ore as well as the issue of convertible bonds to Chinalco, which would, if converted, allow Chinalco to increase its existing shareholding in Rio Tinto to about 18 percent. The transaction is still to be approved by shareholders of Rio Tinto, governments and other regulators. Albanese said the transaction will position Rio Tinto to lead the resources industry into the next decade and beyond by ensuring the continuity of its strategy. The new partnership with the Chinese company "will benefit from Chinalco's strong relationships within China, which Rio Tinto believes will continue to be the main driver of growth in commodity markets over the longer term," Albanese said. He said the Chinalco relationship will also help Rio Tinto to seek project funding from Chinese financial institutions.
BEIJING, April 4 (Xinhua) -- The import and export of electronic and information products in China went down 30.3 percent year on year in the first two months, data released by the Ministry of Industry and Information Technology showed on Friday. The combined import and export value was 87.61 billion U.S. dollars through January to February. In breakdown, export fell 26.1 percent from the same time a year ago to 53.55 billion U.S. dollars. Import was down 36.07 percent to 34.06 billion U.S. dollars. The import value of LCD panel, a main component in flat-panel television, declined 48.8 percent to 1.82 billion U.S. dollars. The export value of processing trade with imported material, which comprised more than two thirds of the total export, was down 25.4 percent to 37.86 billion U.S. dollars. China's export, a driving force of the world's third largest economy, plummeted 25.7 percent year on year in February, the worst decline in more than a decade, as global demand deteriorated amid the deepening recession.
BEIJING, Feb. 23 (Xinhua) -- Chinese Vice President Xi Jinping's just-concluded Latin American and European tour has strengthened bilateral ties, broadened consensus and boosted cooperation with these countries, a senior Chinese official said Monday. Xi's two-week trip to Mexico, Jamaica, Colombia, Venezuela, Brazil and Malta, as well as Fiji, where he made a transit stop, was pragmatic and fruitful, said Chinese Vice Foreign Minister Li Jinzhang. SIGNIFICANT VISIT WITH FAR-REACHING IMPACT Xi's visit to Latin America was a major Chinese diplomatic move since President Hu Jintao's trip to the region last year, said Li. Last November, Hu traveled to Latin America for a visit that produced a broad consensus on forming a partnership of all-round cooperation with the region on the basis of equality, mutual benefit and common development. Earlier, China issued its first policy paper on Latin America and the Caribbean. During his visit to the five Latin American nations, Xi further clarified China's policies on Latin America and stressed that China is ready to join hands with Latin American nations to further enhance cooperation and elevate China-Latin America relations to a new high, Li said. In a speech at a seminar attended by Chinese and Venezuelan entrepreneurs, Xi raised a five-point proposal on strengthening the all-round cooperation for common development between China and Latin American nations amid the current global economic landscape. Li described Xi's visit to Latin America as a follow-up action to push forward China's relations with the region. The Chinese vice president's visit came before the Group of 20 summit scheduled for April in London to address the ongoing global financial crisis, Li noted. During the trip, Xi called for a long-term perspective in planning and confidence building and urged a combination of promoting bilateral cooperation and ensuring the steady and sustained growth of China's economy. As a result, the visit has yielded remarkable results and a far-reaching political impact, Linoted. Xi's visit highlighted China's efforts to work with these countries to tackle the financial downturn and turn the crisis into an opportunity, Li said. Xi's trip brought him to mostly developing countries. During his visit, Xi stressed the need for developing countries to work together in tiding over the financial crisis, he said. Xi and leaders of these countries reached broad consensus on joint efforts to achieve the UN Millennium Development Goals, tackle the challenges and seek common development, he added. During Xi's visit, the governments and enterprises from these countries voiced their willingness to cooperate with China and welcomed China to trade with and invest in their countries and join them in exploitation of energy and natural resources and infrastructure construction. VISIT TO GET ACROSS CHINA'S POLICIES ON KEY ISSUES Xi's visit spanned three continents and two oceans. In every stop, Xi explained China's positions on key issues such as the international situation, the financial crisis, the upcoming G20 summit in London, the Doha round of trade talks as well as UN reforms. He had in-depth exchanges of views with leaders of the host countries on enhancing cooperation and jointly tiding over the economic difficulties. Leaders of the seven countries spoke highly of China's role in stabilizing the global economic and financial situation and promoting world peace and development. Mexican and Brazilian leaders expressed readiness to beef up cooperation with China in international organizations and multilateral mechanisms and work together for a more fair and rational new international order, deal with financial crisis and win a greater say for the developing countries. Colombian and Jamaican leaders appreciated China's contributions to stabilizing the world economy, saying the steady and relatively fast growth of China's economy will help other countries overcome financial crisis at an early date. Xi also reiterated China's stance on the Taiwan and Tibet issues. The host countries all reaffirmed their adherence to the one-China policy. The Chinese vice president welcomed the countries to participate in the Shanghai World Expo in 2010 and was given favorable responses by all. FRUITFUL VISIT PACKED WITH SUBSTANTIAL ACTIVITIES During his tour, Xi attended nearly 80 meetings, seminars, and other activities and held talks with leaders of the seven countries, exchanging views with them on bilateral ties as well as major international and regional issues of common concern. He also witnessed the signing of over 60 cooperation documents in economy, finance, energy and mining, agriculture, infrastructure, high-tech and culture. Xi held wide-ranging contacts with leaders of parliaments, political parties, regional leaders, and people from the media and academic communities. Xi unveiled the first Confucius Institute in the Caribbean region, and broke ground for the Montego Bay Convention Center, a cooperation project by China and Jamaica. Xi's visit uplifted China's relations with the seven countries, expanded their political mutual trust and strategic consensus, and deepened pragmatic cooperation, Li said. BROAD PROSPECTS FOR FURTHER COOPERATION Under the new consensus reached during Xi's visit, China and these countries will strengthen cooperation in trade, finance, energy and mining, agriculture, infrastructure construction, high-tech and culture. The consensus laid a solid foundation for China and these countries to draw on each other's strength and achieve mutual benefit and win-win progress, Li said. China and these countries are geographically far apart and have different social and cultural traditions, but their people have expressed an earnest wish to enhance friendship. Xi's visit served to push bilateral ties further forward, Li added.
BOAO, Hainan, April 18 (Xinhua) -- Chinese Premier Wen Jiabao met with former U.S. President George W. Bush and former Japanese Prime Minister Yasuo Fukuda here Saturday in south China's Hainan Province. Wen spoke highly of Bush's contribution to the development of Sino-U.S. constructive and cooperative ties. He hoped Bush would continue to play a positive role in promoting bilateral relations. Wen said that since President Obama took office, Sino-U.S. tieshave got to a good start. The two nations have dedicated to building a positive, cooperative and comprehensive relationship inthe 21st century. China's Premier Wen Jiabao (R) meets with former U.S. President George W. Bush, in Boao, south China's Hainan Province, April 18, 2009. Bush arrived here to attend the Boao Forum for Asia (BFA) Annual Conference 2009 held from April 17 to 19. The spreading global financial crisis and the growing global challenges demand the two nations increase mutual trust, enhance coordination, jointly overcome the current difficulties and benefit the two countries and people of the world, said Wen. "We hope the U.S. economy will take a favourable turn as soon as possible, which is conducive to the world economy," he added. Bush said it is uplifting to see the Sino-U.S. ties improving. Both China and the United States are major nations in the world and should keep close communication and cooperation. He said he would continue to contribute to the development of Sino-U.S. ties. The policies and measures that the Chinese government has takento cope with the financial crisis have already yielded results andare very impressive, said Bush. The continuous growth of economies of both countries are crucial to the recovery of the world economy, he said, stressing the two countries should strengthen cooperation in resisting the impact of the financial crisis. During the meeting with Fukuda, Wen appreciated the former Japanese Prime Minister's contribution to improving and developingChina-Japan friendly relations. Wen said China-Japan ties maintain sound in general. The two countries should proceed from the long-term perspective of bilateral ties, increase political mutual trust, deepen mutual understanding between the two peoples and safeguard the general interests of Sino-Japanese strategic reciprocal relations. He said the global financial crisis is not just a challenge forAsia, but also an important opportunity for speeding up regional cooperation. He also called on the two countries to proceed from the overallinterests of Asia and the long-term development of bilateral ties to enhance coordination and all-around cooperation, so as to jointly push forward regional economic and financial cooperation and make greater contribution to the revitalization of Asia and the construction of East Asia community. To continuously enhance the friendship between the two peoples is of great importance to the long-term development of bilateral ties, said Fukuda, adding that he would spare no effort to promotefriendly cooperation between the two nations in the future. Fukuda also said China plays a key role in withstanding the global financial crisis. Bush and Fukuda were here to attend the 2009 annual meeting of the Boao Forum for Asia (BFA) from April 17 to 19.