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SINGAPORE, May 15 (Xinhua) -- China Aviation Oil said on Friday that its net profit in the first quarter of this year fell by 54.6 percent on-year to 4.1 million U.S. dollars.     The company said in a statement that revenue fell by 34.8 percent to 655.6 million U.S. dollars in the first quarter of 2009 over the same period last year.     The company said the drop was mainly due to lower jet fuel prices in the first quarter of this year, adding that it will continue to take a cautious approach to its trading activities during the global downturn.

MOSCOW, June 1 (Xinhua) -- The BRIC countries (Brazil, Russia, India and China) are able to realize rapid economic growth after the current financial crisis tides over, said Chinese and Russian experts during a Beijing-Moscow televised conference on Monday.     The emerging economies, represented by the BRIC countries, are playing a stabilizing role amid the ongoing crisis, said Chen Fengying, director of the Institute of World Economy Studies in China's Institute of Contemporary International Relations.     Chen said the BRIC countries, which could contribute much more to the global economic growth this year, may further lead the world economy in a post-crisis era, should they realize the industrial restructuring and the transition of economic growth patterns.     Judging from macroeconomic indicators such as international balances, scales of debt and deficit, the BRIC countries may weather through the financial crisis earlier than the major developed countries, said Lev Frainkman, an expert from Russia's Institute for the Economy in Transition.     These countries also have ample reserve funds to implement their anti-crisis measures, said Frainkman.     The BRIC summit scheduled to be held in mid-June in Yekaterinburg, Russia, has displayed BRIC countries' cooperative willingness to jointly ward off the crisis, said Sergei Alexashenko, director of Macroeconomic Studies at Russia's Higher School of Economics.     BRIC countries may integrate respective resources to seek cooperation in aircraft manufacture and software development, he added.     Li Yongquan, deputy director of the Euro-Asian Social Development Research Institute at China's Development Research of the State Council, said of all the bilateral and multilateral cooperation within the framework of the BRIC countries, he particularly expects a great prospect for China-Russia cooperation.     Li suggested China and Russia further exploit cooperative potentials in four spheres such as technologies, natural resources, human resources and marketing.

TOKYO, June 8 (Xinhua) -- Japanese Prime Minister Taro Aso met Monday with visiting Chinese Vice Premier Wang Qishan on bilateral economic cooperation.     During their talks, Wang said that as two major economies in the world, China and Japan are faced with grave challenges posed by the global financial crisis and the worldwide economic recession. Japanese Prime Minister Taro Aso (1st R) meets with Chinese Vice Premier Wang Qishan (1st L) in Tokyo, Japan, June 8, 2009In the grim circumstances, the second China-Japan high-level economic dialogue, which was held successfully Sunday, will play an important role in advancing the implement of the consensus reached by leaders of both countries during President Hu's visit in Japan last year, promoting China-Japan economic and trade cooperation and simulating the economic growth of the two countries as well as the rest of the world, he said.     Wang said that in order to tide over the financial crisis, the Chinese government has adopted a series of policy measures aimed at "maintaining economic growth, expanding domestic demand and adjusting economic structure" and achieved initial success.     "We have the confidence and ability to overcome the current difficulties and maintain the relatively rapid and stable economic growth," said the Chinese vice premier. Japanese Prime Minister Taro Aso (R) meets with Chinese Vice Premier Wang Qishan in Tokyo, Japan, June 8, 2009. Aso, for his part, expressed his hope that the two sides will strengthen exchanges and cooperation and jointly tackle the challenges in a bid to put the world economy back on the track for growth at an early date.     Earlier in the day, Wang also held talks with representatives from Japan's economic and business communities.     The Chinese vice premier arrived Saturday to attend the second China-Japan high-level economic dialogue.     During the one-day dialogue, which was co-chaired by Chinese Vice Premier Wang Qishan and Japanese Foreign Minister Hirofumi Nakasone, the two sides discussed a wide range of issues and signed eight documents, including the MOU for International Property Protection Exchanges and Cooperation, Meeting Minutes on Agriculture Cooperation between China and Japan, and the MOU on Strengthening Science and Technology Cooperation in the Field of Seismology.     The dialogue mechanism was jointly launched by Chinese Premier Wen Jiabao and then Japanese Prime Minister Shinzo Abe during Wen's trip to Japan in April 2007.     The first dialogue was held in Beijing in December 2007.

BEIJING, June 14 (Xinhua) -- Chinese President Hu Jintao left Beijing Sunday for the annual summit of the Shanghai Cooperation Organization (SCO) and the first meeting of BRIC (Brazil, Russia, India and China) leaders in Russia's Ural city of Yekaterinburg.     He will then pay a state visit Russia followed by state visits to Slovakia and Croatia from June 18 to June 20.     Hu's visits to the three nations are at the invitation of Russian President Dmitry Medvedev, Slovak President Ivan Gasparovic and Croatian President Stjepan Mesic.     Hu's delegation includes Ling Jihua, member of the Secretariat of the Communist Party of China (CPC) Central Committee and director of General Office of the CPC Central Committee; Wang Huning, member of the Secretariat of the CPC Central Committee and director of Policy Research Office of the CPC Central Committee; State Councilor Dai Bingguo; Foreign Minister Yang Jiechi; minister of the National Development and Reform Commission Zhang Ping; Minister of Commerce Chen Deming; Minister of Culture Cai Wu; Vice Foreign Minister Li Hui; Vice Foreign Minister He Yafei and Director of the President's Office Chen Shiju.

ULAN BATOR, June 26 (Xinhua) -- A senior leader of the Communist Party of China (CPC) says China-Mongolia ties have reached an all-time high with no unsettled major issues remaining.     "My visit here aims at laying a solid foundation for the sustained growth of China-Mongolia relations by reviewing the past, summing up experience and looking into the future," He Guoqiang, a member of the Standing Committee of the Political Bureau of the CPC Central Committee, told Mongolian Prime Minister Sanj Bayar on Thursday. Mongolian Prime Minister Sanj Bayar (R) meets with He Guoqiang, member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China (CPC) and secretary of the CPC Central Commission for Discipline Inspection, in Ulan Bator, capital of Mongolia, June 25, 2009China and Mongolia have enjoyed numerous exchanges and cooperation in various fields in recent years with the support of leaders from both nations, He said.     He's three-day visit came as China and Mongolia this year celebrate the 60th anniversary of diplomatic relations.     "The six-decade relations showed that both countries' efforts to enhance political trust, deepen good-neighborliness and carry out mutually-beneficial cooperation not only serve the common interests of both peoples, but also contribute to regional and world peace and development," said He, who is also secretary of the CPC's Central Commission for Discipline Inspection.     Bayar and He also witnessed the signing of cooperation deals on education, economy and trade. Damdin Demberel (L), chairman of the State Great Hural (Parliament) of Mongolia, meets with He Guoqiang, member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China (CPC) and secretary of the CPC Central Commission for Discipline Inspection, in Ulan Bator, capital of Mongolia, June 25, 2009. Also on Thursday, He met with Damdin Demberel, chairman of the Mongolian State Great Hural (parliament), and said inter-legislature ties have played an "irreplaceable" role in strengthening bilateral good-neighborly relations, boosting cooperation between the two countries and deepening friendship between the two peoples.     Demberel said the Mongolian State Great Hural will strengthen its ties with China's National People's Congress (NPC) and play a positive role in promoting bilateral relations.     He also launched an event during which Chinese doctors performed cataract surgeries for nearly 50 Mongolian patients.     On Friday, He met separately with the leaders of three major Mongolian parties. He told the leaders that the CPC has always valued ties with Mongolia's political parties and is willing to work with them on the sound development of bilateral relations.     Mongolia was the last leg of He's four-nation visit, which also took him to Egypt, Spain and Jordan.

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