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ZHENGZHOU, May 29 (Xinhua) -- Visiting Indian President Pratibha Patil on Saturday visited an ancient Buddhist temple in central China that is believed to be the starting point for Buddhism's spread from India into China.Patil toured the White Horse Temple in Luoyang City, Henan Province, accompanied by the temple's abbot Shi Yinle, and inaugurated an Indian-style Buddhist hall as a gift to China.A Han Dynasty (206 BC-220 AD) emperor ordered the construction of the temple in honor of two Indian monks and horses that carried Buddhist scriptures and Buddha statues from India to the then capital Luoyang in 67 AD.During Chinese Premier Wen Jiabao's visit to India in 2005, the two countries agreed to build the Indian-style hall in the temple to commemorate the long history of bilateral ties.The 3,450-sq-m hall was funded by the Indian government and constructed by the Chinese side, the first of its kind outside of India.Wang Zhizhen, vice chairwoman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), the country's top political advisory body, also attended the inauguration ceremony.Following the visit, Patil left Henan for the ongoing World Expo in Shanghai, the last leg of her week-long state visit to China.During her visit, the two sides agreed to boost cultural exchange and people-to-people contact.
VIENNA, May 19 (Xinhua) -- Chinese Minister of Commerce Chen Deming stressed Wednesday that, especially under the current“financial crisis, the exchange rate stability is the most important, which is not only a national responsibility, but also a responsibility for the world economic recovery."At a press conference jointly held with Reinhold Mittelehner, the Austrian Minister of Economic Affairs, and Christoph Leitl, president of the Austrian Chamber of Commerce, Chen said China will continue to maintain the stability of the Chinese yuan exchange rate to ensure economic stability.He believed that the exchange rate has an impact on national trade, but it is not the decisive factor. National trade would be more affected by such other factors as economic structure, resource allocation, as well as the stage of technology and development.He also stressed that the exchange rate is a sovereign issue of each country, which should be set by each country according to its own situation.The Chinese trade and investment promotion mission with over 80 Chinese enterprises, which is led by Chen, participated in the economic forum held by the Austrian Chamber of Commerce, discussing with about 100 major Austrian enterprises and signing a series of economic cooperation agreements.

BEIJING, May 18 (Xinhua) -- Chinese Premier Wen Jiabao said Tuesday he expects the upcoming visit to China by German Chancellor Angela Merkel to be a new starting point in enhanced China-Germany economic cooperation.Wen made the remarks while meeting with German entrepreneurs and German President Horst Koehler in Beijing.Merkel will visit China in July, Wen said, adding that he hoped the two countries will cooperate in a tangible way.Wen met separately with Koehler earlier Tuesday afternoon.As major manufacturers and trading nations, China and Germany have played active roles in combating the financial crisis, Wen said.Chinese Premier Wen Jiabao (R Front) meets with German President Horst Koehler (L Front) in Beijing, capital of China, May 18, 2010.Wen said the world economy is recovering sluggishly.The sovereign debt crisis in Europe has slowed down the economic recovery, he said, adding that the impact of the crisis is more severe and complicated than people expected.He urged the international community, in particular the major economies, to have a clear understanding of the situation, strengthen confidence, and seek an effective mechanism for global economic governance with joint efforts, so as to actively promote the world economic recovery.Koehler agreed with Wen's views on the international financial situation, praising what China did to combat the financial crisis.
BEIJING, May 4 (Xinhua) -- China and Japan "contacted" and exchanged views on the East China Sea issue in Beijing on Tuesday, said a statement from the Chinese Foreign Ministry."The two sides exchanged views on relevant issues, considered the contact beneficial and agreed to continue to maintain contacts and make joint efforts," said the statement.This was the first director general-level, or bureau chief-level, contact since the two countries reached principled consensus on the East China Sea issue in June 2008.
BEIJING, March 31 -- The shifting of a 40-year-old system of setting annual iron ore prices to a short-term pricing mechanism may shake up the Chinese steel industry by creating an even playing field for all steel mills - large and small - in terms of raw material costs.BHP Billiton said on Tuesday that it had concluded agreements with a significant number of Asian customers to shift pricing for the majority of its iron ore to short-term contracts, which are based on market prices.A worker at Liaoyang Iron and Steel Company, Liaoning province. There are 1,200 steel mills in China, but only 112 have licenses to import iron ore at long-term prices. Unlicensed firms have to buy iron ore from the spot market.Vale wants a new pricing system every quarter, said Pedro Gutemberg, director of marketing and research at Vale in Beijing on Tuesday, speaking at an industry conference"A more time-adjusted pricing mechanism is needed in order to better reflect real market prices," he said. "Benchmark prices are over. This is a market-oriented industry."That shift may be of some value to smaller steel mills."Vale has offered quarterly priced iron ore to us, which means we could buy iron ore at the same prices that large steel mills pay," said a sales manager at a small, private steel mill that doesn't have an iron ore import license.
来源:资阳报