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BEIJING, Jan. 5 (Xinhua) -- The Chinese government will continue encouraging outbound investment while attracting foreign investment in 2010 for "stable and relatively fast" growth of the country's economy, a government official has said. Outbound investment, or "go-global" strategy, should aim at making use of overseas resources, market and advanced technologies, so as to help facilitate development of China's domestic economy, Zhang Xiaoqiang, vice minister in charge of the National Development and Reform Commission, said in the speech posted on the commission's website Tuesday. The remarks were made at a conference held in Beijing on foreign investment on Dec. 11, but was not released until Tuesday. In the first three quarters of 2009, China saw its investment overseas at 32.87 billion U.S. dollars, up 0.5 percent year-on-year, according to the Ministry of Commerce (MOC). The country would also continue to attract foreign investment, he said. "Social stability, huge potential market and low cost of productive resources are still advantages for foreign investment," he said. The country would see more advanced technologies and talents from foreign countries and foreign investment would better serve the structural reform of the country's economy. Zhang said the government would stress national economic security while seeking to increase foreign investment. "We have to properly handle new challenges and situations when further opening sectors, including finance and telecommunications." China's foreign direct investment shrank 14.26 percent from the same period last year to 63.77 billion U.S. dollars in the first nine months as foreign companies cut spending amid the global economic downturn, according to the MOC. In the speech, Zhang also said China's currency was facing renewed pressure to appreciate because of the quantitative easing monetary policy in developed countries, a weakening dollar and recovery of China's economy. The pressure would likely spur massive inflow of speculative money, making liquidity management more difficult. Premier Wen Jiabao also said in December in an interview with Xinhua that the yuan faced appreciation pressure. "China will not yield to foreign pressure for the appreciation of its currency yuan in any form," Wen said. "A stable Chinese currency is good for the international community," Wen said.
BEIJING, Nov. 17 (Xinhua) -- China and the United States underlined that each country and its people have the right to choose their own path, and agreed to hold the next round of human rights dialogue in Washington by the end of February 2010, said the China-U.S. joint statement issued Tuesday. According to the statement, the Chinese and U.S. sides agreed that all countries should respect each other's choice of a development model. "Both sides recognized that China and the United States have differences on the issue of human rights," said the statement, "Addressing these differences in the spirit of equality and mutual respect, as well as promoting and protecting human rights consistent with international human rights instruments, the two sides agreed to hold the next round of the official human rights dialogue in Washington D.C. by the end of February 2010." The two sides agreed that promoting cooperation in the field of law and exchanges on the rule of law serves the interests and needs of the citizens and governments of both countries, and decided to convene the China-U.S. Legal Experts Dialogue at an early date.

LIMA, Nov. 22 (Xinhua) -- China's top political advisor Jia Qinglin arrived in Lima on Sunday, kicking off his official good-will visit to this South American country. Jia, chairman of the Chinese People's Political Consultative Conference (CPPCC) National Committee, delivered a written speech upon his arrival at the airport of the Peruvian capital. Jia Qinglin (L), chairman of the National Committee of the Chinese People's Political Consultative Conference, arrives in Lima to start an official goodwill visit to Peru on Nov. 22, 2009. In the speech, Jia hailed the traditional friendship and sound development of bilateral ties, highlighting the fruitful cooperation in various fields and close coordination on international and regional affairs since the two countries established diplomatic ties in 1971. The China-Peru relations entered a new phase of development when the two states established a strategic partnership in 2008, Jia said. Jia Qinglin (L), chairman of the National Committee of the Chinese People's Political Consultative Conference, arrives in Lima to start an official goodwill visit to Peru on Nov. 22, 2009. China always attaches importance to the relations with Peru and will work together with Peru to promote the partnership in a bid to benefit the two peoples, he noted. Jia is paying a two-day visit to Lima, which is expected to further friendship, mutual respect and cooperation, at the invitation of the Peruvian government. Jia Qinglin (L), chairman of the National Committee of the Chinese People's Political Consultative Conference, arrives in Lima to start an official goodwill visit to Peru on Nov. 22, 2009. He is scheduled to meet the Peruvian leadership and attend the opening ceremony of a China-Peru business forum on Monday. Jia visited the Philippines and made a stopover at French Polynesia last week. He will also visit Ecuador and Brazil.
BEIJING, Jan. 6 (Xinhua) -- Chinese Vice Premier Zhang Dejiang Wednesday said the country should step up efforts to promote the development of third-generation (3G) and domestically-developed TD-SCDMA technology. Zhang urged accelerated construction of the 3G network, strengthened technological innovation and enhanced information security management, during a visit to the country's four major 3Goperators including Datang Telecom, China Telecom, China Unicom and China Mobile. Zhang said the 3G technology should be given full play to promote the informationization and upgrading of the traditional industries and boost the development of modern service industries. Chinese Vice Premier Zhang Dejiang (2nd R Front) visits Datang Telecom company, one of China's four major 3G operators, in Beijing, capital of China, on Jan, 5, 2009. Zhang said on Wednesday the country should step up efforts to promote the development of third-generation (3G) and domestically-developed TD-SCDMA technology as he inspected the country's four major 3G operators, namely Datang Telecom, China Telecom, China Unicom and China Mobile, on Jan. 5-6 He required the four major telecom operators to make unswerving efforts to develop the TD-SCDMA technology, explore new business opportunities and improve the construction of a full-fledged industrial chain, so as to sharpen the competitiveness of the TD technology. Chinese Vice Premier Zhang Dejiang (2nd R) visits China Telecom company, one of China's four major 3G operators, in Beijing, capital of China, on Jan, 5, 2009Zhang also asked the technology developers to enhance information security management to ensure a safe and steady operation of the 3G technology. China issued the long-awaited 3G licenses January last year, with China Mobile getting the TD-SCDMA standard, China Telecom receiving a license for the U.S.-developed CDMA2000 and China Unicom getting permission to operate Europe's WCDMA. As of now China has invested 160.9 billion yuan (23.6 billion U.S. dollars) in building 325,000 new 3G base stations covering the country's major cities, according to Zhang.
TAIPEI, Dec. 5 (Xinhua) -- The Kuomintang (KMT) Party won 12 county and city chief seats in Taiwan's local elections Saturday, while the opposition Democratic Progressive Party (DPP) landed four seats, voting results showed. The KMT won 289 county and city lawmaker seats whereas the DPP won 128. Candidates with no party affiliations and those who did not run in the election through political parties won 170 seats. The KMT also won a majority of 121 seats in the election of township chiefs, as opposed to the DPP's 34 seats. The voting, also known as "three-in-one elections," lasted from8 a.m. to 5 p.m. Saturday.
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