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BEIJING, May 12 (Xinhua) -- China's most senior political advisor, Jia Qinglin, Wednesday said the government would strengthen exchanges and cooperation with overseas religious circles to promote world peace."Sticking to the principle of independence and self-governance, we support the country's religious circles to promote exchanges abroad on the premise of equity and friendship," said Jia in a meeting with leaders of the Asian Conference of Religions and Peace (ACRP), who are here to attend the 2010 ACRP executive meeting. Jia Qinglin (7th L), chairman of the National Committee of the Chinese People's Political Consultative Conference, poses for photos with leaders of the Asian Conference of Religions and Peace (ACRP), who are here to attend the 2010 ACRP executive meeting, in Beijing, capital of China, May 12, 2010.China's religious circles have conducted friendly exchanges with the ACRP, founded in Singapore in 1976, and the Asian religious circles in recent years, contributing significantly to understanding between the peoples of Asian countries and to the region's peace, development and cooperation, said Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference.China's religious circles have always enthusiastically taken part in charity work, and the government highly appreciates their efforts to promote economic and social development, said Jia.
BEIJING, April 13 (Xinhua) -- The State Council, China's Cabinet, released here Tuesday new regulations on overseas investment, promising good business conditions but restricting funds to environmentally unsound projects.According to the new regulations, China still welcomes foreign investment in high-tech industries, services sectors, energy-saving and environmental protection, but polluting and energy-gorging or projects in industries running at overcapacity are not wanted.According to the regulations, the State Council said China will continue to support Chinese A-share listed companies in further introducing strategic investors from home and abroad, and standardize foreign companies' investment in domestic securities and corporate merger and acquisition moves.A national security examination mechanism will be built as soon as possible for foreign-funded companies' merger and acquisition operation in China, according to the regulations.Qualified foreign-funded companies are allowed to go public, issue corporate bonds or medium-term bills in China.Multinationals are encouraged by the regulations to set up regional headquarters, research and development centers, procurement hubs, financial management and other functional offices in China.Importing items for scientific and technological development by qualified foreign-funded R&D centers will be exempt from tariffs, importing value added tax and goods and services tax by the end of 2010, according to the regulations.Foreign-funded enterprises are also encouraged to increase their investment in China's central and western regions, particularly in environment friendly and labor-intensive companies.

BEIJING, April 17 (Xinhua) -- China is disappointed the European Union (EU) has decided to launch an anti-subsidy investigation into imported Chinese coated paper, Ministry of Commerce (MOC) spokesman Yao Jian said Saturday."China will closely follow this issue and reserves its right to take necessary measures in accordance with WTO rules," Yao said.He said the coated paper probe is the EU's first anti-subsidy investigation into Chinese products.The EU launched an anti-dumping investigation on Chinese coated paper two months ago, he said.Increased trade protectionism is a major threat to the world economy recovery, Yao said."To create a win-win situation, China and the EU should settle trade disputes cooperatively," he added.MOC data shows the EU initiated seven anti-dumping investigations against China in 2009.The EU is China's largest trade partner, with bilateral trade volume exceeding 360 billion U.S. dollars last year.
BEIJING, May 3 -- Ma Weihua, president and chief executive officer of China Merchants Bank (CMB), said he wanted to see Chinese banks elevate their level of globalization in the context of expedited overseas expansion of Chinese companies during his bank's recent road show in the United States. He said CMB would pursue this process ambitiously but cautiously.The bank is soon to relocate its night-shift foreign exchange trading team to its New York branch, which was established in 2008, and will move on to security trading as well in the future, according to Ma during a group interview. The branch is also working on consolidating its dollar settlement business."What I'm concerned about right now is to first have my New York branch familiarized with the US market, customers and rules as soon as possible so I can expand the business steadily," Ma told the audience at a recent speech at New York University's Leonard N. Stern School of Business. "We won't consider faster expansion until we have secured our position here."Because of policy restrictions, CMB and other Chinese banks are only able to provide very limited services overseas for now. Retail banking, which CMB is best at, is still being constrained in its New York branch, its first branch in the West. But the bank is eyeing up other opportunities.The branch is attaching increasing importance to the loan business for Chinese companies during their overseas merger and acquisition activities. It just completed a big deal for a Chinese State-owned conglomerate but declined to reveal its name."The most fundamental motive to globalize our bank is to support Chinese companies' overseas growth and to provide the same quality service for foreign companies as well when they come to China," Ma said.According to Ma, over the past five years, Chinese companies' overseas direct investment saw an annual increase of 60 percent and their non-financial overseas investment grew by 68.5 percent year-on-year.In comparison, overseas assets only make up less than 4 percent of Chinese banks' total assets, while in large banks in Europe and the US, the proportion is about 40 percent, he said.
BEIJING, May 6 (Xinhua) -- Malta President George Abela missed the spectacular opening ceremony of the World Expo in Shanghai because of a leg injury, but he felt something that he said he would remember forever during the special Chinese tour.In the morning of April 30, twelve hours before the opening ceremony of the World Expo, Abela's leg was hurt in an accident. The head of the Mediterranean state was rushed to the city's best Ruijin Hospital."I will not meet with President Hu Jintao on a wheelchair," said Malta President George Abela lying on a hospital bed in Shanghai, striving to stand up, but failed.Absent from the opening session held beside the Huangpu River that evening, Abela, who was supposed to be there, watched in his ward the live TV show of those magnificent dancing, singing and splendid fireworks."I'm not there, but I can feel as the Chinese do," Abela was quoted by a Chinese diplomat as saying.President Hu, upon his knowledge of the accident, immediately instructed senior officials of the Chinese Foreign Ministry to visit Abela in hospital.On May 1, Hu met with six foreign leaders who came to the Chinese economic hub for the first World Expo in a developing country. He repeatedly asked about Abela's situation during the short breaks.Finishing all the meetings, Hu rushed to Abela's ward, and the two presidents' hands held tight."I know that today you are very busy and your coming impressed me very much," Abela said, noting such a meeting indicated the friendship and mutual respect between China and Malta."I was sorry to hear you got hurt yesterday," Hu told Abela, asking his counterpart to be relieved and pledged the best medicare."You sent a letter of condolence to us after the earthquake in Yushu of Qinghai Province, and you came here for the Expo after such a long journey.Now I would like to express my sincere appreciation to you," Hu said.As the Malta delegation failed to find a charter plane to take home their president, Hu decided to send a special plane for the task."I will remember forever the friendship with Chinese, as well as President Hu and his wife," Abela told senior officials of the Chinese Foreign Ministry and the Shanghai government at the Hongqiao Airport before leaving.The plane took off at 8:55 a.m., May 3 and landed on 4 p.m. local time at the Malta International Airport, where Abela, accompanied by a Chinese medical group, was received by his colleagues and Chinese ambassador Zhang Keyuan."I, on behalf of all the Malta people, invite all the friendly Chinese people to visit my country," Abela, still on a hospital bed, told the medical group who were backing China.
来源:资阳报