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WENZHOU, Zhejiang, Aug. 31 (Xinhua) -- At least 246 tourists remain stranded on an island in east China's Zhejiang Province Tuesday as tropical storms and a typhoon cut off ship ferrying services Monday, local authorities said.The tourists, including six Russians and 26 students, have to stay in hotels in Nanji Island, a popular tourist destination in Wenzhou City of Zhejiang, after local transport authorities suspended ship services Monday due to strong gales triggered by two approaching tropical storms and typhoon Kompasu.Officials have said that room charges have been cut by up to 86 percent, to 40 yuan (5.9 U.S. dollars) per day, for the tourists. Also, local government workers are trying to help the Russians solve visa problems and book new flight tickets.Ship routes are expected to reopen after the wind weakens.

MOSCOW, Aug. 31 (Xinhua) -- Russian President Dmitry Medvedev and Chief Executive of China's Hong Kong Special Administrative Region (HKSAR) Donald Tsang Yan-Kuen voiced their support here on Tuesday for the development of more direct links between Russia and Hong Kong.Tsang arrived in Moscow by the first ever direct commercial flight run by a Hong Kong airline.Tsang noted that after the lifting of visa restrictions in July 2009, two-way travels between Russia and Hong Kong rose by 100 percent."I am certain this flow will be increasing further," he was quoted as saying by local news agencies."The updating of the relevant listing rules in June this year would facilitate the listing of (Russian) mining and resource companies in Hong Kong," said Tsang.He also encouraged Russian companies to issue RMB bonds in Hong Kong, and welcomed Russian banks to set up branches in Hong Kong and make use of the RMB clearing and settlement system.Tsang was accompanied by 30 Hong Kong businessmen who were interested in cooperation with Russia."I hope that your meeting here in Moscow, including with members of the business community, will be useful," said Medvedev.The Russian president also invited Tsang to discuss the further advancement of bilateral cooperation as well as some key international issues.

BEIJING, Sept. 6(Xinhuanet)  - China bucked international trends in both outbound and inward investment, official figures have revealed.China now ranks as the fifth largest global investor in outbound direct investment (ODI) with a total volume of .5 billion, compared to a ranking of 12th in 2008, the Ministry of Commerce said on Sunday.On top of this, foreign direct investment (FDI) this year was set to "surpass 0 billion", compared to billion last year, ministry officials predicted.Globally, foreign investment decreased by almost 40 percent last year amid the financial downturn and is expected to show only marginal growth this year.The growth in both outbound investment from, and inbound investment to, China reflects the nation's rising economic power and attractiveness as an investment destination. China's annual outbound direct investmentThe ministry made the announcements during a press conference held in Xiamen on the upcoming United Nations Conference on Trade and Development (UNCTAD) World Investment Forum and the 14th China International Fair for Investment and Trade. Both forums will start on Tuesday.According to the ministry, China's ODI grew by 1.1 percent from a year earlier to .53 billion, which includes investment of .8 billion in non-financial sectors worldwide, up 14.2 percent year-on-year.Last year was the eighth consecutive year that the nation's ODI had grown. In this period the average annual growth rate stood at more than 50 percent."China is now the fifth largest investing nation worldwide, and the largest among the developing nations," said Shen Danyang, vice-director of the ministry's press department.In 2009, global ODI volume reached .1 trillion, and China contributed about 5.1 percent of the total.But "this is just a beginning." Although the figure is already "quite amazing," the volume is "not large enough" considering China's economic growth and local companies' expanding demand for international opportunities, Shen said."The growth rate (for ODI) in the next few years will be much higher than previous years," Shen said, without elaborating.China's ODI growth witnessed strong momentum this year. From January to June, the ODI in financial sectors was up by 43.9 percent to .84 billion, and in July alone, the ODI recorded .91 billion, the highest this year.Liu Zuozhang, director of the investment promotion agency under the commerce ministry, told China Daily that China's ODI in non-financial sectors would probably grow to billion this year.But while more Chinese companies were investing overseas, barriers and protectionism against Chinese investment were strengthened as well.Fan Chunyong, standing deputy chief of the China Industrial Overseas Development and Planning Association, said the challenge would not affect the upward trend of the ODI."China's ODI will go up to 0 billion in 2013, and the Chinese accumulative overseas investment will reach 0 billion by then," said Fan.According to the ministry, by the end of 2009, 13,000 Chinese enterprises had invested in 177 nations and regions worldwide, and the largest volume of funds went to the Asia-Pacific region. Europe and Africa ranked second and third in absorbing Chinese investment.Figures also revealed that more Chinese enterprises were focused on developed nations and emerging markets. During the first half of the year, China's ODI to the United States and the European Union rocketed by 360 percent and 107.2 percent respectively year-on-year. And investment into ASEAN and Russia grew by 125.7 percent and 58.5 percent.Jinny Yan, economist from Standard Chartered Shanghai, predicted that the EU would continue to be a hotspot for China's outbound investment in the coming months thanks to the ongoing European debt woes.As for FDI, Shen predicted it would reach a record high of 0 billion this year as China's consumption capacity gradually picked up and the nation's efforts on creating an open and transparent investment environment paid off.Responding to recent complaints by foreign businesses on the "worsening" investment environment, he said it "highlights foreign businesses are attaching more importance to the Chinese market".A report by the European Chamber of Commerce released last Thursday said China had made progress on improving its investment environment, but still needed to do more, especially on market access and the regulatory environment.While global FDI slumped by almost 40 percent last year, China's FDI was down by a mere 2.6 percent, according to the UNCTAD. China remained the second largest recipient nation of FDI, following the US.During the first seven months, China's FDI increased by 20.7 percent to .35 billion, and FDI in July surged by 29 percent.Zhan Xiaoning, director of the investment and enterprise division under the UNCTAD, said China was taking the leading role in the FDI recovery worldwide, even though FDI growth was not a cause for optimism globally.

BRUSSELS, Oct. 5 (Xinhua) -- Premier Wen Jiabao reaffirmed Chinese positions and perspectives on issues such as strengthening global financial and economic regulation and promoting sustainable development at the eighth Asia-Europe Meeting (ASEM) held here on Monday and Tuesday.Wen said currently the world economy sees slow recovery but still faces great uncertainty.All countries should continue to prioritize consolidating the momentum of the economic recovery and maintain proper macroeconomic policies. They should also take prudent and sound approach to decide when and how fast they should apply the exit policy, Wen said.The ASEM members should enhance cooperation to strengthen global financial and economic regulation, tackle the root cause of the international financial and economic crisis and promote the vigorous, sustainable and balanced growth of the world economy.China will continue to support the European countries beset with the sovereign debt crisis and help them overcome the difficulties, the premier said.Wen said the Chinese government has always paid great attention to the global warming issue.Under the extremely difficult circumstances of the global financial crisis, the Chinese government is still working hard and this year China is expected to fulfill the basic target of reducing energy consumption per unit of gross domestic product, he said.China is willing to continue to provide support in its capacity for other developing countries on fighting global warming within the frameworks of South-South cooperation and bilateral cooperation, he said.Beijing will, as always, play a positive and constructive role to work together with other countries for comprehensive, balanced and binding results at a major conference on climate change scheduled for later this year in Cancun, Mexico, Wen said.The premier said currently global issues such as energy and food security, natural disaster, terrorism and piracy pose a serious threat to the economic development and social stability in Asia and Europe.Countries should join hands to tackle food security, a pressing task that needed to be solved as a top priority, Wen said.Therefore, Wen said, countries should make every effort to raise grain production, which was the key to solving food security, strengthen agricultural policy coordination, consistently improve agricultural products trade environment, actively push forward exchange and cooperation in agricultural science and technology, try hard to boost the capability in preventing and fighting natural disasters and enhance food assistance to developing countries that suffer from food shortage.

BEIJING, Sept. 19 (Xinhua) -- An outraged Chinese public has been flooding the Internet with its intense displeasure and protests over Japan's illegal detention of a Chinese trawler and its crew in the past few days.Japan detained Chinese captain Zhan Qixiong and his fellow crew of 14 members on September 7 after the trawler they were abroad collided with two Japanese coast guard patrol vessels near the Diaoyu Islands in the East China Sea.The crewmembers and the boat returned to China on September 13, but Japan extended the illegal detention of Zhan by 10 days on Sunday.Since the incident, "Diaoyu Islands" and "Zhan Qixiong" have become the most searched terms in China's Internet community, the world's largest online community with more than four billion Internet users.Also, Internet bulletin boards on several major Chinese news portals have been overwhelmed with tens of thousands of messages saying that the Diaoyu Islands have always been an integral part of China and it's within the rights of Chinese fishermen to fish in the waters around the islands.Above all, these messages call for Japan to immediately and unconditionally release Zhan."The seizure of our trawler and captain causes an enormous damage to the Chinese people. I strongly demand that Japan return the seized trawler and apologize," said a netizen on Sohu.com, who goes by the name of "1996."On Sunday, China's Foreign Ministry said that China's relations with Japan were being severely damaged by Japan's decision to prolong Zhan's detention, warning that China would take "strong counter measures" if Japan did not release him."We demand the Japanese side immediately release the Chinese captain unconditionally," said Foreign Ministry spokesman Ma Zhaoxu."China will take strong counter measures if the Japanese side clings obstinately to its own course and double its mistakes, and Japan shall bear all the consequences," Ma said in a press statement.China has already suspended bilateral exchanges at and above the provincial or ministerial levels, halted contact with Japan on the issues of increasing civil flights and expanding aviation rights between the two countries, and the number of Chinese tourists to Japan has already plunged, according to the ministry.Wang Hanling, a maritime law expert with the Chinese Academy of Social Sciences, told Xinhua, "Japan's forceful so-called law enforcement in the waters off the Diaoyu Islands were in defiance of the principles of international law as well as Chinese law, which showed that Japan allowed no delay in asserting so-called 'sovereignty' in the area.""It also showed that Japanese politicians were short-sighted in considering Sino-Japanese relations," Wang added.Zhou Jincheng, a student from China Youth University for Political Sciences, said that Japan should not cling obstinately to its own course, or it would only arouse more anger from the Chinese people.At Capitan Zhan's coastal hometown of Xiaozha in southeast China's Fujian Province, his family and fellow fishermen are expecting his release.Recalling his six days and five nights under Japanese detention, Kang Chunming, a member of Zhan's crew, told Xinhua he was "very worried about the captain's safety and well-being."Kang said after Japanese authorities seized their boat, while living on the boat they had to sleep sitting up and many of them had become ill because of unclean drinking water.Besides, the Japanese took them off the boat for interrogations on a daily basis and, on some occasions, only sent them back in the small hours.Since Zhan was seized, a lot has changed in his family.His grandmother died from shock upon learning of the detention, his outgoing son, 13, has become exceptionally sensitive and silent, and his wife's call for her husband's release has grown increasingly stronger with the traditional moon festival, a time for family reunion, only two days away."It has been so many days, why don't they release him? How can his grandmother rest in peace?" Zhan's wife, Chen Tingting, told Xinhua in their simple house, which makes the portrait of Zhan's deceased grandmother more prominent.