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BEIJING, May 31 (Xinhua) -- Chinese Premier Wen Jiabao on Sunday called for the proper handling of the serious consequences of the March sinking of a South Korean warship, and efforts to gradually ease tensions in the region over the incident."The pressing task for the moment is to properly handle the serious impact caused by the Cheonan incident, defuse tensions in the region, and most importantly of all, avoid possible conflicts," Wen said.Wen was speaking at a joint press conference following a two-day summit meeting with South Korean President Lee Myung-bak and Japanese Prime Minister Yukio Hatoyama on the South Korean resort island.Chinese Premier Wen Jiabao attends the second phase of the third trilateral summit in South Korea's southern resort island of Jeju on May 30, 2010. Chinese Premier Wen Jiabao, South Korean President Lee Myung-bak and Japanese Prime Minister Yukio Hatoyama met in the trilateral summit with the aim of mapping out future cooperation in East Asia.Wen urged the Northeast Asian nations to help maintain regional peace and stability."We must spare no effort to promote peace and stability in Northeast Asia. Short of this precondition, development will be out of the question, and the hard-won achievements will be lost again," he stressed."China will continue to enhance communication with relevant parties (over the Cheonan incident) in order to steer the situation toward a direction which is conducive to peace and stability in Northeast Asia. This is in our best common and long-term interests," Wen said.As the region is facing many new challenges, China, Japan and South Korea should strengthen coordination between them, appropriately deal with sensitive issues and increase mutual political trust, Wen said.
BEIJING, April 1 (Xinhua) -- Chinese State Councilor Dai Bingguo met here Thursday with Saeed Jalili, the visiting Iranian chief nuclear negotiator and Secretary of Supreme National Security Council.Dai and Jalili had frank and in-depth exchanges on China-Iran relations and issues of mutual concern.Also on Thursday, Chinese Foreign Minister Yang Jiechi held talks with Jalili. Yang stated China's stance and opinion of the Iran nuclear issue and urged relevant parties to step up diplomatic efforts and show flexibility to create conditions for a resolution based on dialogue and negotiations.On the same day, Chinese Foreign Ministry spokesman Qin Gang reiterated at a regular news briefing that China would continue to work for a peaceful solution to the Iran nuclear issue, maintaining there is still room for diplomatic efforts on the nuclear issue."China expresses its serious concern about the Iran nuclear issue situation. China is in close contact with relevant parties and is striving for a proper settlement of the issue through diplomatic means," said Qin.
BEIJING, May 4 (Xinhua) -- Chinese equities dropped to a seven-month low Tuesday, after the central bank said Sunday it would raise the deposit reserve requirement ratio (RRR) for most financial institutions for the third time this year.The benchmark Shanghai Composite Index lost 1.23 percent to close at 2,835.28 points.The Shenzhen Component Index fell 1.81 percent to 10,960.77 points.Total turnover shrank to 141.55 billion yuan (20.7 billion U.S. dollars) from 191.91 billion yuan on the previous trading day.Losers outnumbered gainers by 533 to 347 in Shanghai and 488 to 429 in Shenzhen.
XIANGNING, Shanxi, April 11 (Xinhua) -- The death toll in the flooded Wangjialing coal mine in north China's Shanxi Province rose to 28 after one more body was recovered Saturday afternoon.Rescuers are searching for the 10 miners who remained missing, the rescue headquarters said.About 280,000 cubic meters of water had been pumped out by Saturday, more than two times of the planned volume, said the spokesman Liu Dezheng at a press conference.The water in section two had been all drained up and the search work there had been finished, Liu said.More than 60,000 meters of water had been pumped out in section one, nearly four times than planned, but the water level fell much slower than expected, Liu said.Toxic gas also brought great difficulties to rescue work, he said.A total of 261 miners were working below ground when the mine was flooded on March 28, and 108 miners escaped unharmed while 153 were trapped underground.On Monday, 115 miners were brought out of the mine alive after being trapped for more than a week. They are receiving medical care in five hospitals in Hejin and Taiyuan Cities.
BEIJING, April 22 (Xinhua) -- The Chinese government announced a string of emergency measures Wednesday to provide convenient financial services for people in the quake-hit Qinghai Province and to support reconstruction.The People's Bank of China, the central bank, would lower the deposit reserve ratio for financial institutions in the quake area by 1 percentage point from Wednesday to help increase lending, said a statement posted on the website of the central bank.It would also reduce its rediscount rate for local Rural Credit Cooperatives by 1 percentage point to ease their financial burden.The rediscount rate is the interest rate charged to banks and deposit institutions when they borrow money from the central bank.The return of loans extended before the earthquake was not imperative until June 30, 2011. Residents and companies would be exempted from bad credit records if they could return their loans before the deadline, the central bank said.The statement urged local banks to resume business as soon as possible to meet rising demand for financial services.They should set up temporary outlets in tents, extend office hours and take measures to ensure adequate cash supplies so that residents could deposit and withdraw money conveniently.The measures were jointly introduced by the People's Bank of China, the China Banking Regulatory Commission, the China Insurance Regulatory Commission and the China Securities Regulatory Commission.The 7.1-magnitude quake struck the Tibetan Autonomous Prefecture of Yushu on April 14, leaving 2,183 people dead, 84 missing, and 12,135 injured as of Wednesday.