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XIAMEN, Sept. 7 (Xinhua) -- The 2nd World Investment Forum (WIF), seeking to offer insights on the balance between investment and sustainable development, kicked off Tuesday in the coastal city of Xiamen of southeastern Fujian Province.With the theme of "Investment for Sustainable Development", the current forum, organized by the United Nations Conference on Trade and Development (UNCTAD), have attracted more than 1,500 oversease investors, policymakers and international organization representatives.Among the attendants to the forum are World Trade Organization Director-General Pascal Lamy, prime ministers from Greece, Zimbabwe and Mongolia, and presidents from Bulgaria, Peru, Ghana and Jamaica.The high-profile attendance "demonstrates the importance that international investment has gained as an engine of growth and development," UNCTAD Secretary-General Supachai Panitchpakdi said at the opening ceremony of the forum.According to Supachai, the three-day forum will examine the challenges and opportunities for global investment in a post-crisis economy.Supachai urged "a new generation of investment policies" to promote the transformation towards a low carbon economy.The forum will include a series of conferences on topics such as the impact of investment on sustainable development, how stock exchanges can promote sustainable business practices and the need for a recognised set of principles for borrowers and lenders that promotes sustainable debt and credit conditions.Also included are a ministerial round table meeting that will address investment policy coherence in the post-crisis environment and presentations from several countries showcasing climate change-related investment projects.Chinese Vice President Xi Jinping delivered a keynote speech at the ongoing opening ceremony of the 2nd World Investment Forum, which is sponsored by the United Nations Conference on Trade and Development (UNCTAD).
BEIJING, Aug. 28 (Xinhua) -- China's top political advisor Jia Qinglin on Friday watched a classical Peking Opera show along with other audience in Beijing.The opera "Women General of Yang Family", which was staged at the Mei Lanfang Theatre, starred three generations of artists with the China National Peking Opera Company (CNPOC).The opera, set against the backdrop of warfares in the Northern Song Dynasty (960-1127), eulogizes the patriotism demonstrated in Yang Family's battle against the invading Liao Kingdom and Western Xia Kingdom.The CNPOC created and rehearsed the opera in 1959, which was later widely believed to have marked a milestone for the development of Peking Opera with a history of nearly 200 years.

BEIJING, Sept. 8 (Xinhua) -- Chinese President Hu Jintao has urged the Communist Party of China and the government to give priority to education in their work, in order to push forward socialist modernization and achieve the rejuvenation of the Chinese nation.Xinhua News Agency on Wednesday issued the full text of President Hu's speech on the country's education cause, which was made during a high-profile work conference on national education held in Beijing on July 13.In the speech, President Hu said education is the cornerstone of national rejuvenation and social progress, and the basic means to improve all-round development of individuals.He said authorities should be innovative when deepening education reform and enhancing international education cooperation, and should promote education equality by protecting citizens' lawful rights to education, supporting those in need, and promoting balanced education development between different regions and between urban and rural areas.China's National Plan for Medium and Long-term Education Reform and Development (2010-2020) should be fully carried out, Hu said, adding the whole society should be mobilized to support the country's education development.President Hu said the government should expand education coverage across the country and strive for an equal and high-quality education system for all citizens.Hu pointed out five objectives in promoting education development.First, the education cause must be treated as a strategic mission and priority in the country's overall development plan.Strategic priority should be given to education in the work of the Party and the government, he said, adding that financing and public resources should be allocated in favor of education and human resources development.Hu pledged that the government will increase investment into education cause and realize a goal that 4 percent of gross domestic product (GDP) will be spent on education by 2012.
CAIRO, Sept. 26 (Xinhua) -- Chinese and Egyptian industry officials vowed closer bilateral economic ties on Sunday with the signing of an industrial cooperation agreement.Egyptian Minister of Trade and Industry Rachid Mohamed Rachid met with Chinese Minister of Industry and Information Technology Li Yizhong. Both talked about the expansion and improvement of bilateral trade and economic cooperation.Rachid told reporters that he hoped the new agreement would pave the way for more cooperation in different industry sectors including manufacturing of cars components, textiles, petrochemicals, electronics and technology."This agreement includes the process of sharing technology and increasing investment in the industrial sector and training of workers as well as helping Egyptian companies promote their products in the Chinese markets," said the Egyptian minister.The agreement also included the formation of an Egyptian- Chinese task force that takes the responsibility of sharing information and experiments in the industrial sectors and encouraging Egyptian and Chinese firms to establish joint ventures in different areas of cooperation, according to Rachid.Rachid said that Egypt wanted to benefit from the successful Chinese experience in the industrial sector.Egyptian Prime Minister Ahmed Nazif also met with the Chinese minister. The prime minister said Egypt shows great interest in boosting cooperation with China.The bilateral trade between Egypt and China increased from 3 billion U.S. dollars in 2006 to 6.24 billion dollars in 2008, according to Chinese Ambassador to Egypt Wu Chunhua.By the end of last year, Chinese investment in Egypt exceeded 500 million U.S. dollars. Chinese auto companies such as Chery Automobile and Brilliance Automobile have had assembly lines here in Egypt.Rachid expected that the Egyptian-Chinese cooperation would witness a great milestone in all sectors, particularly the trade and industry relations thanks to exchanges in the economic and political levels.
BEIJING, Nov. 5 (Xinhua) -- The quota shift, or the voting power redistribution of the International Monetary Fund (IMF), is just the start of IMF reform, a senior Chinese foreign affairs official said here Friday."G-20 leaders have pleged that progress should be made in terms of IMF quota reform prior to the Seoul summit, and now we will honor the commitment," said Chinese Vice Foreign Minister Cui Tiankai at a news briefing on China's outlook for the G20 summit in Seoul next week.At a G-20 finance ministers' meeting held last month, participants agreed to shift six percent of the IMF quota to emerging or under-represented countries such as China, India and Brazil, from developed economies."This is obvious progress," Cui commented on the proposal forged at the minister-level meeting, adding that the Chinese side hoped the IMF's board would agree on the quota transfer."China is one of the under-represented countries and it's rational and sensible to give China more quota," said the vice foreign minister.China would not try to maximize its own interests, but seek an all-win situation with other emerging economies and other IMF members, Cui added.Cui said the quota shift was far from the end of the IMF reform and he looked forward to more changes to the financial institution."This is not the end, not even the beginning of the end, but the end of the beginning," Cui said.Many countries have said that the way to calculate the quota itself needs to be reformed, as well as the IMF governance structure.
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