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BEIJING, Oct. 7 (Xinhua) -- President Hu Jintao and other Chinese leaders including top legislator Wu Bangguo and Premier Wen Jiabao on Tuesday visited an exhibition which pays tribute to victims of the May earthquake in Sichuan Province and the nation's concerted efforts to assist the disaster-stricken areas.     Photos and videos showing the aftermath of the catastrophic earthquake, as well as items that were used to rescue victims drew attentions of the leaders.     They were also briefed on how the people from all walks of life had made donations and contributions to help the earthquake-stricken areas recover from the country's worst disaster in the past 30 years. Chinese President Hu Jintao visits an exhibition featuring the rescue work on the May 12 earthquake that hit southwest China's Sichuan Province, in Beijing, capital of China, Oct. 7, 2008    Carrying on the great spirit displayed in the quake rescue and relief efforts, the nation would be able to overcome all difficulties on its way of development, Hu said during his visit.     State and Communist Party leaders Jia Qinglin, Li Changchun, XiJinping, Li Keqiang, He Guoqiang and Zhou Yongkang also visited the exhibition at the Military Museum of the Chinese People's Revolution in Beijing.     The exhibition, which featured pictures and objects collected in the quake, aimed to serve as a lively lesson to promote patriotism and the selfless spirit displayed in the quake-relief work.     It has received more than 300,000 visitors since it was opened on Sept. 20.     The exhibition was jointly sponsored by the Publicity Department of the Communist Party of China Central Committee, the National Development and Reform Commission and the General Political Department of the People's Liberation Army.     On May 12, a quake measuring 8.0 on the Richter Scale struck Wenchuan County in the southwestern Sichuan Province. The quake, which has left more than 80,000 dead or missing, was the deadliest and strongest tremor to hit China since the 1976 Tangshan earthquake.

PYONGYANG, June 17 (Xinhua) -- Visiting Chinese Vice President Xi Jinping on Tuesday made a five-point proposal to strengthen bilateral ties and cooperation with the Democratic People's Republic of Korea (DPRK).     Xi, who is also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, made the proposal while meeting with Yang Hyong Sop, vice president of the Presidium of DPRK's Supreme People's Assembly.     Firstly, Xi proposed maintaining the trend of mutual exchange of visits by high ranking officials, and strengthening political communication and close relations between the Chinese Communist Party and the Worker's Party of Korea.     China will continue to exchange views on governance and party construction with the DPRK, maintaining communication on important issues, he said. Chinese Vice President Xi Jinping(4th L) talks with Yang Hyong Sop (3rd R), vice president of the Presidium of the Supreme People's Assembly of the Democratic People's Republic of Korea (DPRK) during a meeting in Pyongyang, capital of the DPRK, on June 17, 2008.    Second, he proposed the observance of "China-DPRK Friendship Year" in 2009 -- the 60th anniversary of the establishment of diplomatic ties between the two countries.     The third point of his proposal is that both sides should strive to deepen cooperation in agriculture, light industry, information industry, technology, transportation and infrastructure construction in the border areas.     It should be a win-win cooperation, resulting in mutual benefits, the Chinese vice president said.     China will encourage large and creditable enterprises to invest in the DPRK, he said, adding that the two sides could upgrade a number of ports to enhance their loading and unloading capacity.     Fourth, Xi proposed the promotion of bilateral cultural exchanges.     China will welcome artists' groups from the DPRK to the 10th Asian Art Festival in September and will continue to send high-level art groups to the International Spring Art Festival held in Pyongyang each April, he said.     Finally, the Chinese vice president also proposed to strengthen bilateral coordination and cooperation in the six-party talks on the DPRK nuclear issue, and within the framework of the United Nations, to protect the interests of both countries.

BEIJING, Oct. 9 (Xinhua) -- Chinese Vice Premier Wang Qishan said on Thursday the country is fully confident and capable of overcoming the current economic difficulties, vowing to work closely with other countries to safeguard stability of the global financial market.     Wang, in his meeting with former German Chancellor Gerhard Schroeder, said China has already taken relevant measures to face up to the turbulences of the international financial market.     As the largest developing country and a rising market, China's priority is to well handle its own problems, he said.     He believes China has great potential in domestic market and economic growth, adding the country would continue to take measures to maintain the stable and relatively fast economic development.     "The Chinese government is to strengthen coordination with other countries to face up to the global crisis and promote the stability of the global economic and financial market," Wang told Schroeder.     He appreciated the former German Chancellor's contribution to cementing bilateral ties. Regarding both countries as important trade, investment and technical cooperation partners, Wang said to further facilitate bilateral trade cooperation complies with the fundamental interests of both sides.     Schroeder extended congratulations to China's full success in holding the Beijing Olympics and Paralympics. He hopes the two countries to step up cooperation in various areas to push forward bilateral ties.

WASHINGTON, Oct. 13 (Xinhua) -- A senior Chinese official said on Monday that China will continue to cooperate with other countries to cope with the current financial crisis.     "For the international community, the most urgent task is to join efforts to stem further deterioration and spread of the crisis -- the major threat to global growth -- and restore global economic and financial stability," said Yi Gang, vice governor of the People's Bank of China     "China will continue to strengthen its cooperation with concerned countries and hopes that all governments will work together to overcome the current difficulties and restore international financial stability," he said in a statement at the annual meeting of the International Monetary Fund and World Bank.     He urged the two Bretton Woods Institutions to "fulfill their mandates to maintain global monetary and financial stability and facilitate sustainable, balanced growth."     The fund should give the surveillance priority to the ongoing financial turmoil, deepen its analysis, learn lessons, and listen to the opinions of member countries, said the senior official of China's central bank.     "From the medium- and long-term perspective, the fund must address the inherent deficiencies of the current international monetary system and foster an international financial architecture adaptive to the evolving global economy and financial markets," he noted.     As the largest multilateral development institution, the World Bank should re-assess the challenges confronting the developing countries -- soaring food and fuel prices, higher financing costs, deteriorating balance of payments positions, and mounting inflationary pressures, said Yi Gang.     "With the advantages of its financing capacity and expertise, the World Bank should urge the developed countries to shoulder their due responsibilities in stabilizing the global economy through targeted measures, carried out in an even-handed and professional fashion," he said.     Yi Gang also stressed the fundamentals of the Chinese economy are "solid and resilient."     "We are confident we can weather the financial turmoil," he said. "With the global economic slowdown, it is important that China maintains its stable and relatively rapid growth." 

BEIJING, April 13 (Xinhua) -- Chinese companies will no longer need the central bank's approval when issuing short-term bonds on the inter-bank market amidst government efforts to boost direct financing and reduce bank loan risks.     The People's Bank of China (PBOC) announced non-financial companies could issue bonds with maturities of less than one year on the inter-bank market without its approval from April 15.     Instead, they would only need to register at the National Association of Financial Market Institutional Investors set up in September, the PBOC said in a statement issued late on Saturday.     It said other negotiable notes "with a certain maturity" issued by non-financial companies on the inter-bank bond market wouldn't need administrative examination and approval, either. Nor would future innovative financing tools on the market.     China has vowed to develop its capital market and broaden direct financing channels to curb enterprises' heavy reliance on bank credit.     "China's financial structure has long been unbalanced, with its direct financing underdeveloped," said the statement. "Enterprises rely on bank loans too much, bringing them fairly large hidden risks."     To boost innovation in debt offering and raise the share of direct financing could mobilize the transfer of deposits to investment and decrease credit risks of the banking system, it said.     China allowed companies to offer short-term bonds to qualified institutional investors on the inter-bank market in May 2005.     From then to the end of 2007, 316 companies issued 769.3 billion yuan (about 109.9 billion U.S. dollars) of short-term bonds, with 320.3 billion yuan of outstanding debts, statistics showed.     In comparison, short-term loans to non-financial companies and other institutions surged 1.25 trillion yuan in 2007, while middle- and long-term loans jumped 1.65 trillion yuan.

来源：资阳报