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NEW YORK, April 26 (Xinhua) -- Jean-Claude Trichet, the president of the European Central Bank, called in New York on Monday for strengthening global governance amid the economic recovery process.The crisis showed that gaps in the system of global governance, in terms of both efficiency and legitimacy, have to be filled, Trichet said in a keynote speech at the Council on Foreign Relations in New York.Global governance in the financial sphere has fared during the crisis, he pointed out. "One dimension of international cooperation that I consider to have worked particularly well during the financial crisis has been that among central banks, both bilaterally and channeled through the various Basel-based committees.""But as much as some aspects of global governance appear to have passed the severe test of the global crisis, we should remember the significant shortcomings that may have contributed to creating the conditions for the crisis to happen in the first place," he added."One is the lack of coordination in financial regulation that was pervasive before the crisis and which encouraged financial institutions to engage in a large degree of regulatory arbitrage. This was the unavoidable result of the fact that while financial players were becoming increasingly global, and despite the remarkable efforts of the Basel Committee in respect of the banking sector, financial regulation remained largely national, with only relatively weak coordination at the international level, " said the president.

WINDHOEK, March 25 (Xinhua) -- China's top political advisor Jia Qinglin on Thursday arrived in Windhoek to kick off his official visit to the southwestern African nation of Namibia.Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, the country's top advisory body, was making the visit at the invitation of the National Council of Namibia.Namibia was the second leg of Jia's 10-day African tour which already took him to Cameroon. He will also visit South Africa next week. Jia Qinglin (Front R), chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), is welcomed by Chairman of Namibian National Council, Asser Kapere (L, front) upon his arrival in Windhoek, capital of Namibia, March 25, 2010In a written statement issued upon his arrival at the airport, Jia described Namibia as one of the youngest state in Africa, which obtained its full independence in 1990, and as a state full of vigor and vitality.Jia said the China-Namibia relationship had developed smoothly since the two countries forged diplomatic ties in 1990, hailing frequent high-level exchanges and fruitful cooperation in politics, trade, culture, education and public health.Jia said his visit was aimed at boosting the understanding and friendship between the two nations and consolidating the cooperation in all fields.During his stay in Namibia, Jia will meet with Namibian leaders and attend a reception marking the 20th anniversary of the establishment of China-Namibia diplomatic relationship.

BEIJING, June 3 (Xinhua) -- Chinese Premier Wen Jiabao returned to Beijing Thursday evening after official visits to the Republic of Korea (ROK), Japan, Mongolia and Myanmar.During the tour which started on May 28, Wen also attended the third three-party leaders' meeting of China, the ROK and Japan in ROK's Jeju island.Wen's entourage also came back to Beijing.

XIANGNING, Shanxi, March 31 (Xinhua) -- The water level dropped Tuesday in a flooded coal mine in north China's Shanxi Province, where 153 people were trapped, as rescue efforts entered the third day.But there was still no communication with the trapped although almost 1,000 rescuers have been racing the clock to pump out water and trying to reach them.By 6 p.m. Tuesday, the water level in the shaft had dropped by 15 cm, and a total of 15,000 cubic meters of water had been pumped out of the pit, the rescue headquarters said late Tuesday.Rescuers send drainage pipes down to the shaft at the site of the flooding accident of Wangjialing Coal Mine, sitting astride Xiangning County of Linfen City and Hejin City of Yuncheng City, north China's Shanxi Province, on March 30, 2010.Currently, six pumps are being used to pump up to 645 cubic meters of water per hour.Altogether 261 workers were in the pit of Wangjialing Coal Mine, which was under construction, when underground water gushed in at about 1:40 p.m. Sunday. Although 108 were lifted safely to the ground, 153 others were trapped in the shaft.The mine, which straddles Xiangning County, of Linfen City, and Hejin City, of Yuncheng City, covers about 180 square kilometers.The mining zone was estimated to have more than 2.3 billion tonnes of coal reserves, including 1.04 billion tonnes of proven reserves, according to the company's official website.The mine, affiliated with the state-owned Huajin Coking Coal Co. Ltd., is a major project approved by the provincial government. It is expected to produce 6 million tonnes of coal annually once in operation.