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BEIJING, Sept. 6(Xinhuanet)  - China bucked international trends in both outbound and inward investment, official figures have revealed.China now ranks as the fifth largest global investor in outbound direct investment (ODI) with a total volume of .5 billion, compared to a ranking of 12th in 2008, the Ministry of Commerce said on Sunday.On top of this, foreign direct investment (FDI) this year was set to "surpass 0 billion", compared to billion last year, ministry officials predicted.Globally, foreign investment decreased by almost 40 percent last year amid the financial downturn and is expected to show only marginal growth this year.The growth in both outbound investment from, and inbound investment to, China reflects the nation's rising economic power and attractiveness as an investment destination. China's annual outbound direct investmentThe ministry made the announcements during a press conference held in Xiamen on the upcoming United Nations Conference on Trade and Development (UNCTAD) World Investment Forum and the 14th China International Fair for Investment and Trade. Both forums will start on Tuesday.According to the ministry, China's ODI grew by 1.1 percent from a year earlier to .53 billion, which includes investment of .8 billion in non-financial sectors worldwide, up 14.2 percent year-on-year.Last year was the eighth consecutive year that the nation's ODI had grown. In this period the average annual growth rate stood at more than 50 percent."China is now the fifth largest investing nation worldwide, and the largest among the developing nations," said Shen Danyang, vice-director of the ministry's press department.In 2009, global ODI volume reached .1 trillion, and China contributed about 5.1 percent of the total.But "this is just a beginning." Although the figure is already "quite amazing," the volume is "not large enough" considering China's economic growth and local companies' expanding demand for international opportunities, Shen said."The growth rate (for ODI) in the next few years will be much higher than previous years," Shen said, without elaborating.China's ODI growth witnessed strong momentum this year. From January to June, the ODI in financial sectors was up by 43.9 percent to .84 billion, and in July alone, the ODI recorded .91 billion, the highest this year.Liu Zuozhang, director of the investment promotion agency under the commerce ministry, told China Daily that China's ODI in non-financial sectors would probably grow to billion this year.But while more Chinese companies were investing overseas, barriers and protectionism against Chinese investment were strengthened as well.Fan Chunyong, standing deputy chief of the China Industrial Overseas Development and Planning Association, said the challenge would not affect the upward trend of the ODI."China's ODI will go up to 0 billion in 2013, and the Chinese accumulative overseas investment will reach 0 billion by then," said Fan.According to the ministry, by the end of 2009, 13,000 Chinese enterprises had invested in 177 nations and regions worldwide, and the largest volume of funds went to the Asia-Pacific region. Europe and Africa ranked second and third in absorbing Chinese investment.Figures also revealed that more Chinese enterprises were focused on developed nations and emerging markets. During the first half of the year, China's ODI to the United States and the European Union rocketed by 360 percent and 107.2 percent respectively year-on-year. And investment into ASEAN and Russia grew by 125.7 percent and 58.5 percent.Jinny Yan, economist from Standard Chartered Shanghai, predicted that the EU would continue to be a hotspot for China's outbound investment in the coming months thanks to the ongoing European debt woes.As for FDI, Shen predicted it would reach a record high of 0 billion this year as China's consumption capacity gradually picked up and the nation's efforts on creating an open and transparent investment environment paid off.Responding to recent complaints by foreign businesses on the "worsening" investment environment, he said it "highlights foreign businesses are attaching more importance to the Chinese market".A report by the European Chamber of Commerce released last Thursday said China had made progress on improving its investment environment, but still needed to do more, especially on market access and the regulatory environment.While global FDI slumped by almost 40 percent last year, China's FDI was down by a mere 2.6 percent, according to the UNCTAD. China remained the second largest recipient nation of FDI, following the US.During the first seven months, China's FDI increased by 20.7 percent to .35 billion, and FDI in July surged by 29 percent.Zhan Xiaoning, director of the investment and enterprise division under the UNCTAD, said China was taking the leading role in the FDI recovery worldwide, even though FDI growth was not a cause for optimism globally.

YANGON, Aug. 29 (Xinhua) -- The 5th Escort Task group of the Chinese People's Liberation Army (PLA)- Navy, made up of two warships -- "Guanhzhou" and "Caohu" made a friendly call at Myanmar Yangon's Thilawa Port Sunday afternoon.It was also the first time for Chinese naval warship to have called at Myanmar port.The five-day mission is aimed at promoting friendly relationships between the two armed forces of the two countries and exchange between the two navies.A grand ceremony was launched to welcome the Chinese warships amid rain, attended by Major Han Sein, Commander of Myanmar Navy Dockyard Base, Chinese Ambassador to Myanmar Ye Dabo and other embassy officials as well as representatives of Chinese companies, teachers and students based in Myanmar and local Chinese residents totaling about 200.Chinese naval soldiers and officers of destroyer Guangzhou stand in formation on board upon their arrival at Myanmar Yangon's Thilawa Port, Aug. 29, 2010. The 5th Escort Task group of the Chinese People's Liberation Army (PLA)-Navy, made up of two warships -- "Guanhzhou" and "Chaohu" made a friendly call at Myanmar Yangon's Thilawa Port Sunday afternoon.After the ceremony, the warships were open to the visitors for viewing.During the call, the Chinese PLA escort task group will launch a series of exchange with the Myanmar navy.Myanmar is the fourth country that the 5th Chinese PLA escort task group called on after completing its escort missions in gulf of Aden and the waters off Somali coast.Prior to Myanmar, the escort task group had called on Egypt, Italy and Greece.

BEIJING, Aug. 27 (Xinhua) -- Chinese Premier Wen Jiabao has urged government officials at all levels to strictly follow the laws and regulations in a bid to steer away from corruption and ensure the good of the public."In a peaceful time, corruption is the greatest danger for a ruling party, and the basic reason for corruption is that powers are not properly supervised and restricted," Wen said Friday during a national meeting on lawful administration.He called it a "major test" for the government to handle graft issues properly.Wen said the task of building a lawful government is the basic guarantee for promoting social fairness and justice, a key measure for anti-corruption and also an essential part for the reform of the country's political system."Currently our country's economic and social development has entered a new phase. More challenges have emerged as domestic and overseas environments become more complicated. We should deepen reform while promoting administration in accordance with the laws in order to solve new problems," he said.According to Wen, a sound market environment with fair competition can only be created when the government uses laws and regulations to manage various market entities, provide services for them and ensure their rights.He urged officials to strengthen legislation in key fields in order to solve deep-seated problems in the economic and social development, and ensure public ideas be fully reflected during the legislation process.Further, Wen called for scientific and democratic decision-making."Before making a major decision, the idea must be examined as to whether it is in accordance with the laws. If it goes beyond the authority of the decision makers or goes against the laws, the idea should be discarded," he said.Wen also called for a transparent and open government work system as long as it doesn't involve state secrets, commercial secrets or individual privacy.He cited key areas that should be open to the public including financial budgets, management of public resources, major construction projects and charities, among others.In addition, Wen urged improving the current administrative supervision system and called on government departments to protect civilians' rights to directly supervise the government and support media exposure on illegal activities and improper behavior by government officials.

BEIJING, Oct. 15 (Xinhua) - Members from friendship associations of China and Japan on Friday voiced their hope for people-to-people exchanges to help improve strained China-Japan relations after recent disputes.The proposal was launched at a conference held in the Great Hall of the People to mark the 60th anniversary of the establishment of the Japan-China Friendship Association (JCFA), a friendly group established on Oct. 1, 1950 with the view to promoting mutual understanding and cooperation between the two peoples and promote bilateral exchanges and trade."Friendly groups should take the 60th anniversary as a new starting point to deepen friendly exchanges between the two countries, especially between the youth, and contribute to the China-Japan strategic relationship of reciprocity," said President of the China-Japan Friendship Association (CJFA) Song Jian. He also spoke highly of the contribution made by the JCFA for the development of China-Japan relations.People-to-people exchanges have always played an important role in the history of bilateral relations. It not only helped the two countries normalize ties but also improve the bilateral relations when they were strained by some issues such as the visits paid by former Japanese Prime Minister Koizumi Junichiro to the Yasukuni Shrine.Regarding the recent friction between the two countries caused by a ship collision, people-to-people exchanges were expected to play a role again.Two Japanese Coast Guard patrol ships and a Chinese trawler collided on Sept. 7 in the waters off the Diaoyu Islands. Japan's subsequent illegal detention of the Chinese trawler and crew members resulted in strong protests from the Chinese government and public. China then halted bilateral exchanges at and above provincial and ministerial levels. The crew and the boat were released after the Chinese side took some countermeasures."China and Japan are neighboring countries separated by only a thin strip of water. People of the two countries boast a 2000-year history of friendly exchanges. The good-neighboring relationship between China and Japan is not only in the fundamental interests of the two peoples, but also conducive to the peace, stability and prosperity of the region and the world at large," Song said.He added that the history of the 20th century proved that it is in the fundamental interests of the two peoples to maintain peaceful coexistence, friendship lasting for generations, reciprocal cooperation and common development."It is a long-term and hard task to promote the development of the China-Japan friendship, and it needs the efforts from both sides," Song said.For his part, JCFA's vice chairman Shoichi Ide also pledged to make efforts to deepen mutual understanding between the two countries.Japan and China are facing a new situation to further deepen the bilateral strategic relations. The JCFA will take the 60th anniversary as an opportunity to actively carry out exchange activities and promote friendship between the two countries, he said.At the gathering, 30 people from the JCFA who have made remarkable contributions for the China-Japan friendship were awarded.Officials from the Chinese People's Association for Friendship with Foreign Countries, Chinese governmental departments and the two friendly associations also attended the conference.

BEIJING, Oct. 26 (Xinhua) -- China's top legislator Wu Bangguo has highlighted a nationwide inspection of enforcement of the country's Law on Energy-saving to build a resource-efficient and environment-friendly society.Wu, chairman of the National People's Congress (NPC) Standing Committee, made the remarks on Tuesday in an instruction to the committee's inspection.Energy-saving was a pressing and tough issue that involved all industries and occupations, and the inspection should push Chinese companies and corporations to reduce their energy consumption in production and operation, Wu said.The inspection would also promote implementation on the NPC Standing Committee's resolution to deal with climate change and other related Chinese laws and regulations, Wu said.