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HEFEI, Sept. 4 (Xinhua) -- China's top 500 enterprises reported smaller revenue gaps with their U.S. counterparts, while outperforming their worldwide competitors in profitability amid the nation's rapid economic recovery, an industrial ranking report showed Saturday.China's top 500 enterprises chalked up 4.05 trillion U.S. dollars in operating revenues last year, equivalent to about 18 percent of the operating revenue total created by the world's top 500 companies in the same year, and the ratio was 2.62 percentage points lower than the figure recorded for the year earlier, according to a report released Saturday in Hefei, capital of east China's Anhui Province, by the China Enterprise Confederation (CEC) and China Enterprise Directors Association.The average profit margin of China's top 500 enterprises was 5.44 percent in 2009, compared with 4.16 percent for the world's top 500 companies.Further, the net profits of the Chinese heavyweights grew by more than 20 percent last year, faster than the 17 percent for the world's top 500. It was the second consecutive year that Chinese enterprises outshone theirforeign counterparts in annual profits.Miao Rong, researcher with CEC, said despite the progress, China's top 500 enterprises obviously suffered from the impact of the global financial crisis as they reported slower growth in new employment and business revenues.However, unlike the world's top 500 companies, most of which are service and high tech giants, a lion's share of China's top 500 businesses are traditional industrial enterprises in the fields of energy development, telecommunications and power generation, Miao noted."It is a tough job, in the short-term, to make Chinese corporations catch up with their foreign counterparts in terms of 'soft power' , such as the capability of resource integration, management expertise, brand building and intellectual property protection," he added.Sinopec, Asia's leading refinery, topped the top 500 revenue list for the fifth consecutive year with 1.39 trillion yuan (about 204.41 billion U.S. dollars) in 2009. It was followed by the State Grid and PetroChina.Also, private businesses were growing rapidly as five companies reported operating revenues exceeding 100 billion yuan. Huawei Technology Co Ltd, a telecommunication equipment producer, recently leaped into the world's top 500 enterprises club.

BEIJING, Oct. 14 (Xinhua) -- China and the Democratic People's Republic of Korea (DPRK) Thursday lauded traditional friendship and agreed to step up cooperation between the two countries and two armed forces to a higher level."China and the DPRK have respected and helped each other for years," said Chinese Defense Minister Liang Guanglie, citing consolidated and deepened cooperation and precious friendship between the two countries.Liang made the remarks in his meeting with a visiting DPRK military delegation led by Vice Minister of DPRK People's Armed Forces Pyon In Son.Both China and the DPRK are facing tasks of promoting their own development, and safeguarding common interests and the regional peace and stability, Liang said.China would like to work with the DPRK to strengthen exchanges and enhance coordination for the further development of relations between the two countries and two militaries, Liang added.Pyon told Liang that the DPRK side wishes to further its friendly cooperation with China in various fields and lauded the friendship created by the old generations of leaders of both countries.Pyon said his delegation had witnessed achievements China has made in its socialist construction and military development during the trip.The delegation, invited by Chinese People's Liberation Army (PLA), will also pay a visit to southwest China's Yunnan Province.

BEIJING, Sept. 25 (Xinhua) -- The Chinese trawler captain Zhan Qixiong arrived safely in Fuzhou, capital of southeast China's Fujian Province early Saturday morning by a chartered plane after he was illegally detained by Japan.Crowds gathered at the captain's home in Gangfu Village, Jinjiang City of Fujian Province while the his wife and son left for Fuzhou, the provincial capital for family reunion."I was so happy when I was told that my brother would soon return," said Zhan Yuehong, a sister of the captain. "After all these sleepless nights, I can finally have a good rest now."The sister said she is preparing a bowl of noodles with eggs for her brother, a local tradition to keep off bad spirits when a family member returns from an ordeal.Chinese Foreign Ministry said in a statement after the captain's return that the Chinese government expressed "strong protest" against Japan, whose detention, investigation or any form of judiciary measures for the Chinese trawler and fishermen are unlawful and invalid.China asked the Japanese side to make apology and compensation for the incident, the statement said. It also said the two sides should resolve the problems of Sino-Japanese relationship through dialogue and consultation.On Sept. 7, two Japan Coast Guard patrol ships and a Chinese trawler collided in waters off China's Diaoyu Islands. On the following day, the Japan Coast Guard illegally seized the Chinese trawler and detained the trawler's captain and 14 fishermen on board, drawing strong protests from the Chinese government and people.The Japanese side freed the 14 fishermen and the boat on Sept. 15, but continued to hold the captain. A Japanese court announced on Sept. 19 the trawler captain's detention would be extended by another 10 days.China has repeatedly urged Japan to unconditionally release the Chinese captain to avoid further damaging bilateral ties, warning "strong counter measures" if Japan failed to do so.China has already halted bilateral exchanges at and above the provincial and ministerial levels. It has also suspended contact with Japan on the issue of expanding aviation rights between the two countries."The Japanese side bears full responsibility for the current situation,and it shall bear all the consequences that arise," Chinese Premier Wen Jiabao said when meeting with Chinese nationals and Chinese Americans in the United States.In the mean time, the number of Chinese citizens traveling to Japan as tourists has already declined. Many Chinese citizens and businesses have recently canceled their planned trips to Japan.Observers of Sino-Japanese relations said the prolonged detention of a Chinese trawler captain "severely harms" Chinese people's trust in Japan and undermines the "sound interactions" the two countries have achieved in recent years.Since the collision happened on Sept. 7, "Diaoyu Islands" and "Zhan Qixiong" have become the most searched terms in China's Internet community.Also, Internet bulletin boards on several major Chinese news portals have been overwhelmed with messages call for Japan to immediately and unconditionally release Zhan.The messages said 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.The Diaoyu Islands have been Chinese territory since the early years of the Ming Dynasty (1368-1644). Maps printed in Japan in 1783 and 1785 that marked out the boundary of the Ryukyu Kingdom show that the Diaoyu Islands belong to China.

TIANJIN, Oct. 6 (Xinhua) -- China's top climate change official said on Wednesday that the country's greenhouse gas emissions would peak earlier than expected if developed countries complied with international protocols."We will try to get past the peak of emissions as early as possible, but this also hinges on how much money the developed nations will offer and what technology they will transfer, as required by the international protocols," Xie Zhenhua, who is also vice minister of the National Development and Reform Commission, told reporters on the sidelines of the ongoing United Nations climate talks in northern China's Tianjin."The more money they provide, or the earlier the money arrives, the sooner we should be able to pass the emissions peak," Xie said.He noted some developed countries, even with a per capita GDP of more than 40,000 U.S. dollars per year, have yet to reach their emissions peak as their greenhouse gas emissions continue to rise."Under such circumstances, how can you ask China, with a per capita GDP just over 3,000 U.S. dollars, to foresee its peak?" he asked.After three rounds of talks this year, which are moving slowly towards a negotiated text for the Cancun meeting, more than 3,000 delegates from 194 nations gathered in Tianjin to speed the search for common ground prior to a major meeting in Mexico's Cancun at the end of the year.However, the gap remains wide between developed and developing nations as rich nations remain wary of green technology transfers and providing additional financing to poorer nations.

BEIJING, Sept. 27 (Xinhua) -- Chinese Vice Premier Wang Qishan Monday pledged to work with Cuba to lift the friendly bilateral relationship to a new level.Wang made the remarks while meeting with Ricardo Cabrisas Ruiz, Vice President of the Council of Ministers of Cuba.Cabrisas is in China to celebrate the 50th anniversary of the establishment of diplomatic ties between the two nations.Cuba was the first Latin American nation to forge diplomatic relations with China, in 1960.Wang spoke highly of the development of China-Cuba ties over the past half a century, noting that the two countries have always supported each other and enjoyed frequent high level visits.China will work with Cuba to expand win-win cooperation and strengthen economic and trade links with a view to further advancing bilateral ties, Wang said.Wang said China will continue to help Cuba within its capacity.Cabrisas thanked China for offering economic and technological assistance to his country.He said Cuba will make concerted efforts with China to promote pragmatic cooperation in various sectors while pushing forward the existing sound bilateral relationship.