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MACAO, Nov. 13 (Xinhua) -- Chinese Premier Wen Jiabao Saturday respectively met here with leaders of Portugal, Timor-Leste, Mozambique and Guinea Bissau, who came to Macao to attend the third Ministerial Conference of the Forum for Economic and Trade Cooperation between China and Portuguese-speaking Countries.Wen held respective meetings with Portuguese Prime Minister Jose Socrates, Timor-Leste president Jose Ramos Horta, Mozambique Prime Minister Aires Bonifacio Baptista Ali, and Guinea-Bissau Prime Minister Carlos Gomes Junior.During his meeting with Jose Socrates, Wen said that Chinese President Hu Jintao paid a successful recent visit to Portugal, bringing the development of the two countries' relations to a new level.He pointed out that China encourages capable enterprises to invest in Portugal and is willing to expand its import from the European nation, in a bid to realize the goal of doubling bilateral trade volume by 2015. He also said that the two countries should explore cooperation in fields such as energy, tourism, logistics and traffic, promoting the deepening and sustainable development of bilateral ties of economy and trade.For his part, the Portuguese Prime Minister said in the meeting that Portugal appreciates China's support, welcomes Chinese enterprises to expand their investment in his country and is willing to deepen bilateral cooperation in various fields, so that the two sides can push forward their relations and achieve more fruitful results.When meeting with Jose Ramos Horta, Wen said that the people of China and Timor-Leste have forged a deep and profound friendship, and the two nations have established a solid political foundation.

TIANJIN, Dec. 31 (Xinhua) -- A subway train of six cars being assembled rolled off a production line Friday at a production base in north China's Tianjin Municipality, according to China South Locomotive & Rolling Stock Corporation (CSR).The subway train is the first of the kind ever produced at the CSR Tianjin Industrial Park, said CSR's chairman, Zhao Xiaogang.The train, designed to run at a speed of 80 km per hour, has a holding capacity of 1,800 passengers. It will will be used in Tianjin's Subway Line 3, which will begin service in 2011.The production base, with an initial investment of 3 billion yuan (455 million U.S. dollars), can produce 100 to 200 trains a year. It will attain a capacity of producing 500 trains annually in the next five years, according to Zhao.Analysts say the base's first product marked Tianjin's efforts to encourage the development of modern and more advanced industries in the city.The production base will boost the development of emerging industries in Tianjin and contribute to China's economic transformation, Zhao said.CSR, a state-owned company with more than 80,000 employees, produces about 70 percent of all high-speed trains China.

Hu also met Prime Minister Jose Socrates and parliament speaker Jaime Gama. They reached important consensus on boosting the comprehensive strategic partnership between the two countries.China and Portugal established the comprehensive strategic partnership in 2005. Bilateral relations have developed steadily in recent years.The leaders recalled developments of bilateral ties since the establishment of diplomatic relations 31 years ago, and outlined the blueprint for future bilateral ties and pragmatic cooperation. They exchanged views on major international and regional issues of common concern.The two sides signed cooperation agreements in culture, technology, tourism, electricity, telecommunications and finance.The presidents of the two countries agreed to make joint efforts to further deepen the comprehensive strategic partnership.Hu said China and Portugal need to make concerted efforts to further boost their five-year-old comprehensive strategic partnership against the backdrop of complex and volatile international situation.Hu made a four-point proposal, calling on the two sides to strengthen mutual political trust and strategic cooperation.He expressed confidence that Portugal will continue to play an active and important role in the development of China-European Union relations.Hu also called upon the two sides to shore up economic cooperation and try to double bilateral trade by 2015.Hu said the two sides should step up people-to-people exchanges and communication and cooperation in international affairs.Silva agreed with Hu's views, saying that the establishment of the comprehensive strategic partnership between the two countries in 2005 was a milestone in Portugal-China relations.Silva expressed his wishes for both sides to further tap potential in bilateral trade and investment and expand cooperation.He also spoke highly of China's crucial role in boosting world peace and development and its contributions to fighting the global financial crisis and promoting the recovery of the world economy.Portugal expects China to play a more important role in such issues as the reform of the international monetary system and climate change, said Silva.Portugal, taking advantage of its recent election as a non-permanent member of the United Nations Security Council, is willing to strengthen cooperation and coordination with China in coping with global challenges, he said.The Portuguese president also pledged his country's efforts to boost relations between Europe and China.

BEIJING, Jan. 13 (Xinhua) -- The Chinese yuan strengthened to a record high against the U.S. dollar on Thursday to reach 6.5997 per dollar.The central parity rate of the Chinese currency, also known as the renminbi (RMB), was set 131 basis points lower than Wednesday's 6.6128, according to the China Foreign Exchange Trading System.China's central bank announced on June 2010 it would further reform the yuan exchange rate formation mechanism to improve its flexibility.On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each trading day.The central parity rate of the RMB against the U.S. dollar is based on a weighted average of enquired prices from all market makers before the opening of the market each business day.

BEIJING, Dec.25 (Xinhua) -- Chinese vice premier Li Keqiang said that China's tax officials should continue to promote reform in the tax system and improve services to contribute to the country's economic development and social harmony.Li made the remarks in a written instruction to a recently-held national conference on taxation, which coordinated next year's working plans for the tax administration system.Li called on tax officials to further enact structural tax reductions, promote tax reforms, strengthen tax collections and management and improve services for taxpayers.Chinese tax officials should work to allow taxation to play a more important role in the transformation of economic development patterns, adjust income distribution and improve people's livelihoods, Li said.