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TASHKENT, May 3 (Xinhua) -- Regional financial cooperation in East Asia has made active progress over the past year, Chinese Finance Minister Xie Xuren said after meeting with his counterparts from countries in the region.In particular, achievements were made in establishing the regional multilateral financial assistance mechanism and in promoting an Asian bond market, Xie told Xinhua on Sunday after attending the finance ministers' meeting of the Association of Southeast Asian Nations, plus China, Japan and South Korea (ASEAN+3) here.Xie said all parties concerned reached further consensus on basic parameters of a regional economic surveillance unit at the meeting.Uzbek President Islam Karimov(L) shakes hands with Chinese Finance Minister Xie Xuren in Tashkent, capital of Uzbekstan, May 3, 2010. The unit is responsible for monitoring the countries' economic and financial situations and providing advices for the regional foreign currency reserve pool, known as Chiang Mai Initiative Multilateralization (CMIM) that formally came into effect on March 24, 2010.The ASEAN+3 meeting also announced the setting up of a regional credit guarantee and investment fund with an initial grant of 700 million U.S. dollars, in an effort to promote the issuance of bond in domestic currencies within the region, Xie said.The finance ministers also agreed to create a working group to discuss future strategic fields for regional financial cooperation.

BEIJING, May 24 (Xinhua) -- A senior official of the Communist Party of China (CPC) here on Monday called for China and Europe to further promote common development.Li Changchun, member of the Standing Committee of the Political Bureau of the CPC Central Committee, made the remarks at the opening ceremony of the first-ever China-Europe High-Level Political Party Forum in Beijing.China and Europe's common interests have increased to an unprecedented level in a new era of great development, change and adjustment, Li said, putting forth a four-point proposal to further strengthen China-Europe party to party dialogue and to seek common development. Li Changchun (1st L), a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, addresses the China-Europe High-Level Political Parties Forum in Beijing, China, May 24, 2010. The forum was opened here on Monday. Li said, China and Europe should carry out in-depth exchanges on global challenges and major international issues to build a harmonious world of lasting peace and common prosperity.Li also called on both sides to discuss openly about issues and challenges concerning the similarities in their state governance and communicate actively on political party building.He said he believed that the forum could help deepen mutual understanding and trust between the CPC and European political parties and promote China-Europe comprehensive and strategic cooperation.Li also talked at the opening ceremony about China's program for tackling financial crisis.The China-Europe High-Level Political Party Forum is scheduled for May 24-25 with the theme "Global Challenges and China-European Cooperation." Chinese officials from the International Department of the CPC Central Committee, Foreign Ministry, Ministry of Commerce, the National Development and Reform Committee as well as over 50 leaders and senior officials from various European political parties attended the opening ceremony.

BEIJING, April 22 (Xinhua) -- The Chinese government announced a string of emergency measures Wednesday to provide convenient financial services for people in the quake-hit Qinghai Province and to support reconstruction.The People's Bank of China, the central bank, would lower the deposit reserve ratio for financial institutions in the quake area by 1 percentage point from Wednesday to help increase lending, said a statement posted on the website of the central bank.It would also reduce its rediscount rate for local Rural Credit Cooperatives by 1 percentage point to ease their financial burden.The rediscount rate is the interest rate charged to banks and deposit institutions when they borrow money from the central bank.The return of loans extended before the earthquake was not imperative until June 30, 2011. Residents and companies would be exempted from bad credit records if they could return their loans before the deadline, the central bank said.The statement urged local banks to resume business as soon as possible to meet rising demand for financial services.They should set up temporary outlets in tents, extend office hours and take measures to ensure adequate cash supplies so that residents could deposit and withdraw money conveniently.The measures were jointly introduced by the People's Bank of China, the China Banking Regulatory Commission, the China Insurance Regulatory Commission and the China Securities Regulatory Commission.The 7.1-magnitude quake struck the Tibetan Autonomous Prefecture of Yushu on April 14, leaving 2,183 people dead, 84 missing, and 12,135 injured as of Wednesday.

BEIJING, May 15 (Xinhua) -- Qiushi, or "Seeking Truth," the official magazine of the Communist Party of China (CPC) Central Committee will publish an article by Vice President Xi Jinping on improving official writing or speech styles.The article will appear in the latest issue of Qiushi on Sunday.At an opening of the CPC Central Committee Party School's spring semester held on Wednesday in Beijing, Xi told more than 900 officials and new student cadres that they must eradicate "empty words" and political jargon from their speeches and documents.He also urged Party leaders to learn "colloquial wisdom" from the public and make their speeches and articles more easily understood by common people.

PARIS, April 27 (Xinhua) -- French President Nicolas Sarkozy on Tuesday described this year's World Expo theme of "Better City, Better Life" as a bold and lucid choice focused on a significant challenge for the future.The president is scheduled to visit China on April 28-30 with stops at Xi'an, Beijing and Shanghai, where the exposition will be held from May 1 to Oct. 31."Taking the theme 'Better City, Better Life', you have chosen to make the 2010 Shanghai Expo an event resolutely focused toward the future," Sarkozy told Xinhua in an interview.He said, while the number of city dwellers continued to grow across the world and issues related to urban development became more and more significant, many problems needed to be solved. So China's choice of "Better City, Better Life" was appropriate."I pay tribute to the organizers of the 2010 Shanghai Expo who have made a lucid and bold choice," he said.Sarkozy said France was one of the firm supporters of Shanghai's candidacy for the exposition and was the first country to have promised to participate in the event."The choice of China and the choice of Shanghai, were something very important for us; that is the reason why I wanted to personally attend the opening ceremony," he said.The president said China has made great efforts to make the expo "a huge success."Sarkozy said the design and display in the France pavilion would reflect a real, colorful, confident and open France.