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CHICAGO, May 15 (Xinhua) -- Highly effective investment in infrastructure by the Chinese government and the urbanization process in China will ensure the continuous rapid growth of the Chinese economy in the next 20 years, said a distinguished economist on Saturday.Justin Yifu Lin, chief economist and senior vice president of the World Bank, made the statement during the "China and the Future of the Global Economy" conference held at the University of Chicago.Lin was very positive about the Chinese government's efficiency in infrastructure investment.During the Southeast Asian financial crisis last century, the Chinese government solved the economic development bottleneck by investing in infrastructure. It laid a solid foundation for the development of an export-oriented Chinese economy, he said."Since the financial crisis in the second half of 2008, the Chinese government implemented a dynamic financial policy and heavily invested in infrastructure. It successfully drove China's economic growth and contributed to the global economic growth as well."Most developing countries are facing the economic bottleneck of a backward infrastructure. The Chinese government has set a good example for other developing countries with its highly efficient investment in infrastructure. The World Bank may consider providing more loans to developing countries to help them invest in infrastructure, he continued.Lin said China's future economic development has greater potential compared with other major economies.

CAPE TOWN, South Africa, March 29 (Xinhua) -- China and South Africa on Monday stressed joint efforts to cement their strategic partnership.The pledge was made between China's top political advisor Jia Qinglin and Mninwa Mahlangu, the chairman of the National Council of Provinces of South Africa at Cape Town."China-South Africa strategic partnership has made new progress in recent years, "said Jia, the chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), China's top advisory body.China and South Africa, which forged the strategic partnership on equality, mutual benefit and common development in 2007, have witnessed frequent high-level visits and developed deeper political trust, Jia said. Jia Qinglin (R), chairman of the National Committee of the Chinese People's Political Consultative Conference, meets with Mninwa Mahlangu, chairman of the South African National Council of Provinces, in Cape Town of South Africa, March 29, 2010Mahlangu welcomed Jia's visit and reviewed the progress in bilateral cooperation since the two countries established diplomatic ties in 1998.China has become South Africa's biggest trade partner and exporter as bilateral trade volume hit a historic high of more than 16 billion U.S. dollars in 2009 despite the international financial crisis, according to the Chinese Customs.Of African nations, South Africa was the one drawing the biggest number of Chinese tourists and students who pursued higher education in the country at the southern tip of Africa.China and South Africa have supported each other on issues concerning their core and major interests, Jia said, adding the two countries have coordinated closely on international affairs.Jia noted that South Africa would host the FIFA World Cup in summer, which is the first one to be staged in African continent."This is the glory and pride of all peoples in the African continent. We wish you a successful and wonderful World Cup," Jia told Mahlangu.Looking to the future, Jia said China would like to work with South Africa to deepen cooperation in all fields and bring bilateral partnership to a new high.Mahlangu proposed the two countries learn from each other and work closely in trade and investment. He also reaffirmed that South Africa would adhere to the one-China policy.Jia and Mahlangu agreed on furthering the exchanges between the CPPCC and the National Council of Provinces of South Africa.On China-Africa relations, Jia said China is committed to boosting the all-round relationship between the world's biggest developing country and the continent with the largest number of developing countries.Jia said China has paid much attention to implementing the eight new measures introduced by Chinese Premier Wen Jiabao last November in Egypt, which included debt cancellation, agriculture production, infrastructure and education.Jia said China would help African countries cope with the challenges of the international financial crisis and seek sustainable development.Mahlangu praised the role of China-Africa Cooperation Forum, saying South Africa will work with China to carry out the mechanism and deepen China-Africa cooperation.South Africa is the last leg of Jia's 10-day African tour which has already took him to Cameroon and Namibia.Jia will also travel to Johannesburg and Pretoria to continue his visit to the country at the southern tip of Africa.He is scheduled to meet with South African President Jacob Zuma on Tuesday afternoon.

BEIJING, April 5  --The People's Bank of China says the country will be more open to foreign capital this year even though the prospect of a strong economic recovery is still unclear.Although the impending withdrawals of various countries' economic stimulus packages may also complicate the efforts to end the global economic crisis, the Chinese government has decided to increase the penetration of foreign capital into the country's financial industry in an appropriate way.An editorial in the "Global Times" quotes some western officials who said if China opened its market to western financial institutions the way it opened its market to five-star hotels, the potential risks would be huge for the country itself and the world at large.The editorial warns the doors to free trade should not swing open too quickly and that market openness should be managed at the right pace, as China has done during the past three decades. But it also notes that the stakes are higher in the country's financial industry. It argues that if China is fully open to foreign capital, the capital operation pattern common in developed economies such as the United States and several European nations will not suit its existing financial system on such short notice. As a result, chaos would erupt sooner or later in the financial sector.The editorial concludes that China should gradually liberalize its financial industry, because a sudden torrent of foreign capital would be undesirable. It calls for a prudent approach to financial liberalization that would yield a productive outcome as evidenced over the past three decades of gradual financial reform whereby more market competition has been encouraged and distressed loans have been effectively curbed. Such a policy has shielded China from being hit as severely by the current financial crisis and enabled it to rebound quicker than other advanced nations.

BEIJING, April 10 (Xinhua) -- President Hu Jintao on Saturday sent condolences to Polish parliamentary speaker Bronislaw Komorowski, who became acting president by law, over the death of Polish President Lech Kaczysnki in a plane crash.Hu said in the message that he was shocked and grieved to learn of the death of Kaczysnki and his Polish state delegation in a plane crash in the Russian city of Smolensk."On behalf of the Chinese people and in my own name, I express my deep condolences to President Kaczysnki and all other victims, as well as sincere sympathies to their families and the Polish people," Hu said.Premier Wen Jiabao and Foreign Minister Yang Jiechi also sent their condolences to Polish Prime Minister Donald Tusk and Foreign Minister Radoslaw Sikorski over the plane crash.A chartered plane carrying Kaczynski crashed in thick fog near the Smolensk airport in western Russia on Saturday, killing all 96 people on board the aircraft.

BEIJING, April 16 (Xinhua) -- China's top legislature will convene its bimonthly session from April 26-29 and review draft amendments to the State Secrets Law and the State Compensation Law.The decision was made Friday at a meeting of the Council of Chairmen of the National People's Congress Standing Committee, presided over by top legislator Wu Bangguo.The draft amendment to the State Secrets Law, which will undergo its third reading during the upcoming legislative meeting, aims to boost citizens' awareness of the importance of safeguarding state secrets.The draft amendment to the State Compensation Law, which will be submitted for its fourth reading, aims to better defend people's rights from being violated by the state. It is also hoped to cover the protection of detainees' rights following a series of deaths in the country's detention houses.The session will also deliberate, for the second time, on a draft law on protection of oil and natural gas pipelines, according to a statement issued by the council.The statement said a treaty on explosives left over from war and a Sino-Indonesian extradition treaty, both submitted by the State Council, or Cabinet, are expected to be ratified at the session.Lawmakers will also discuss Cabinet reports on protection of migrant workers' rights, the development of the cultural industry, strengthening road safety management, the implementation of a law protecting Taiwan compatriots' investment, as well as a motion regarding appointments and dismissals.At Friday's meeting, members of the Council of Chairmen expressed their condolences to victims of a deadly earthquake that hit Yushu Tibetan Autonomous Prefecture in northwest China's Qinghai Province early Wednesday.They also paid tribute to rescuers from the People's Liberation Army, armed police, among others at the forefront of quake relief.