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BEIJING, Dec. 12 (Xinhua) -- China said it will make greater efforts to start six-party emergency consultations because tensions on the Korean Peninsula have not eased."The six-party talks are a very important way to advance the denuclearization process on the Korean Peninsula and maintain peace and stability in northeast Asia. We, the concerned parties, should make full use of the talks," Chinese Foreign Minister Yang Jiechi said in an interview in Beijing Friday.Launched in 2003 and stalled since the end of 2008, the six-party talks involve China, Russia, the United States, Japan, the Democratic People's Republic of Korea (DPRK) and the Republic of Korea (ROK)."While the talks have yet to be resumed, we think it is the proper time for emergency consultations between the heads of the delegations of the six parties," said the foreign minister.Tensions remain high on the Korean Peninsula after the DPRK and the ROK exchanged artillery fire on Nov. 23. China proposed emergency consultations among the chief negotiators in December.Amid the international community's repeated calls for restraint and calm, the United States held separate large-scale naval drills with the ROK and Japan in waters near the peninsula."We will continue to make patient efforts to persuade the parties to engage in consultations," Yang said.He said the tensions on the peninsular will ease "only if all the parties show their sincerity and make joint efforts.""Stability on the Korean Peninsula is good for all. Chaos there is detrimental for all," he added.During the interview, the foreign minister reiterated China's policy to be a good neighbor and partner in Asia while continuing to make contributions to the rise of the region.Yang said China suggests a new security concept that features "mutual trust, mutual benefit, equality and coordination," be fostered, adding that countries in the region should step up cooperation in anti-terrorism and non-proliferation work."China welcomes other relevant countries playing a constructive role in regional cooperation to help shape an open, inclusive, and win-win cooperative framework in the region," he added.
BERLIN, Jan. 6 (Xinhua) -- Chinese Vice Premier Li Keqiang arrived here Thursday on the second stop of his three-nation Europe tour to promote China's relations with European Union nations.In a written speech released at the airport, Li said China-Germany ties would enjoy important development opportunities in the new era.Li said he expected further deepening of cooperation between China and Germany in various fields, and that he would exchange views with German leaders on issues of common concern during his four-day stay in Germany, so as to boost the continued development of the China-Germany strategic partnership.Li said China's relations with Germany had moved ever closer as the two countries jointly fought against the international financial crisis.Chinese Vice Premier Li Keqiang (R, front) is greeted upon his arrival in Berlin, Germany, Jan. 6, 2011. Li Keqiang arrived here Thursday on the second stop of his three-nation Europe tour.Both sides had boosted their strategic partnership in a comprehensive way, with frequent high-level exchanges and robust growth in trade and economic cooperation, Li said.He also hailed the remarkable achievements in bilateral exchanges and cooperation in science and technology, education, culture and law, and among youth, as well as the coountries' close coordination and collaboration in international affairs.During his stay in Germany, Li will hold talks with German Chancellor Angela Merkel and meet German President Christian Wulff, and Foreign Minister Guido Westerwelle.He is also scheduled to address a gathering of German and Chinese business representatives.Both sides are expected to sign cooperation documents in such areas as trade and the economy, and finance."Throughout the years, China-Germany relations have grown steadily. The two countries have established a strategic partnership," Li said in a guest article published by German newspaper Sueddeutsche Zeitung Wednesday."Over the past two years, China and Germany have worked hand in hand to tackle the international financial crisis," the article said, adding both countries were among the first to achieve an early and strong economic recovery, and had contributed actively to the world economic recovery.The article also said the two countries should expand trade cooperation, promote mutual investment and deepen cultural and people-to-people exchanges.Chinese ambassador to Germany Wu Hongbo told Xinhua he believed Li's visit to Germany would lay solid ground for developing the two countries' relations for the year, and charter the course for and add fresh momentum to the relationship.Before arriving in Germany, Li visited Spain. He will later visit Britain.
LUANDA, Nov. 19 (Xinhua) -- Visiting Chinese Vice President Xi Jinping said here on Friday that China regards Angola as a strategic partner for cooperation and enhancing comprehensive cooperation fits the fundamental and long-term benefit of the peoples of the two countries.Xi made the remarks when meeting with Angolan President Jose Eduardo dos Santos.The Chinese vice president said that the two countries have agreed to elevate bilateral ties up to a strategic partnership, which is of vital significance to the prospect of bilateral relations.Xi, who is here as a guest of Angolan Vice President Fernando da Piedade Dias dos Santos, told the Angolan president that China and Angola have forged profound friendship in Angola's drive to seek national independence and economic development, which has laid down a solid foundation for bilateral relationship.Chinese Vice-President Xi Jinping (L) shakes hands with Angola's President Jose Eduardo dos Santos during their meeting in Luanda, capital of Angola, Nov. 19, 2010.Xi spoke highly of the relations between China and Angola over the past 27 years, noting that mutual political trust has been enhanced and fruitful achievements have been scored in a wide range of fields for cooperation, including finance, energy and infrastructure construction.Since 2006, Angola has become China's biggest trade partner in Africa for four years in a row and Angola has also become China's second crude oil provider across the world.Xi said that his current visit is aimed to consolidate traditional friendship, enhance mutual political trust and deepen cooperation between the two sides.He said that China is willing to join hands with Angola to enhance political trust, expand cooperation and coordinate more in the international arena.On China's Africa policy, Xi said consolidating unity and cooperation with African countries are one of the vital corner stones for China's foreign policy and it is also a strategic choice that China will firmly adhere to for a long time.As this year marks the 10th anniversary of the establishment of the Forum on China-Africa Cooperation, China will join hands with African countries, including Angola, to make more progress on pushing forward the strategic partnership between China and Africa, he added.For his part, Angolan President Santos said that he believed that Xi's current visit would make bilateral ties closer and further boost bilateral cooperation.The Angola president also spoke highly of the development of bilateral ties, saying bilateral trade and economic cooperation has developed very rapidly and fruitfully.He also said China has made pro-active contribution to the world economic balance in its drive to fight global financial crisis.Angola is the third leg of Xi's four-nation trip to Asia and Africa. His first two legs are Singapore and South Africa and he is scheduled to visit Botswana after his Angolan trip.
TAIPEI, Nov. 26 (Xinhua) -- On the eve of Taiwan's mayoral and city councilor elections, Sean Lien, son of Lien Chan, honorary chairman of Kuomintang (KMT) party, was reportedly shot in the face when he was campaigning for a KMT candidate in Taipei County Friday evening.He was being treated at a local hospital. Local media cited doctors as saying Sean Lien's brain was not injured and his injury would not endanger his life.A spokeswoman of the hospital where Sean Lien was treated said he was sober-minded when he was sent to the hospital. Doctors only found wounds in the man's left cheek and right temple."Though the injury is not life threatening, he needs further observation," said the spokeswoman.Policemen keep guard at a hospital where Sean Lien receives medical treatments, in Taipei, southeast China's Taiwan, Nov. 26, 2010. Sean Lien, son of Lien Chan, honorary chairman of Kuomintang (KMT) party, was reportedly shot in the face when he was campaigning for a KMT candidate in Taipei County Friday evening.According to local police, the shooting occurred at around 8:20 p.m., and a 29-year-old local resident died on the spot after being hit by a stray bullet.A suspect, who was found carrying a pistol and bullets, has been detained.Ting Yuan-chao, director of Lien Chan's office, hoped such violence would not happen again and the society would be peaceful.Mayoral and city councilor elections are scheduled to be held Saturday in Taiwan's five major cities including Taipei City, Taichung, Tainan, Kaohsiung and Taipei County.
BEIJING, Dec. 25 (Xinhua) -- China 's central bank announced Saturday that it will raise the one-year lending and deposit interest rate for the second time this year, as the government continues its battle against surging prices.The People's Bank of China (PBOC) said in a statement posted on its website that it will hike the benchmark interest rate by 25 basis points beginning Sunday, which raised the one-year lending rate to 5.81 percent and one-year deposit rate to 2.75 percent.The PBOC increased the benchmark lending and deposit rates by 25 basis points on Oct. 20, which was the first increase in nearly three years.The rate hike came after the central bank vice governor, Hu Xiaolian, said Friday that China would bring its overall money supply to a normal level using various policy tools, as the government shifts monetary policy from "moderately loose" to "prudent" to rein in rising inflationary pressures and curb asset bubbles.Photo taken on Nov. 18, 2010 shows a teller counting the Renminbi at a bank in Qionghai City, south China's Hainan Province. China's central bank will raise the one-year lending and deposit interests rate by 25 basis points from Dec. 26, 2010, according to a statement posted on the website of the People's Bank of China Saturday.The country's consumer price index (CPI), a main gauge of inflation, accelerated to a 28-month high in November of 5.1 percent, while new loans reached 7.45 trillion yuan in the first 11 months of this year, compared to the government's full-year target of 7.5 trillion yuan.A recent PBOC survey also showed that the proportion of Chinese citizens satisfied with the current price level had sunk to an 11-year low, and only 17.3 percent of the consumers said they intended to consume more in the future.Rising prices have prompted the government to take measures to rein in the hikes, including boosting supplies and providing financial aid to the needy.Li Daokui, a member of the monetary policy committee with the PBOC, said the rate hike mainly aimed at managing inflationary expectations and reflected the policy shift, as tightening the money supply is the best way to curb inflation.The rate increase came "at the right time", as western countries are celebrating the Christmas holiday, to avoid overreaction from the global markets, Li added.Besides interest rate hikes, China had increased the bank reserve requirement ratio six times in 2010 to 18.5 percent and 19 percent for some large commercial banks."The decision was made in consideration of China's economic condition next year," said Lian Ping, chief economist with the Bank of Communications, the country's fifth largest lender, who described fighting inflation as the central bank's primary task at present.Lian expected inflation to continue to go up in the first quarter next year due to rises both in demand and cost, as well as other influences from the external market.His views were echoed by Zhuang Jian, chief economist with the Asian Development Bank, who also attributed rising inflation to holiday seasons and the extreme winter weather.Observers believe that further rate hikes are to be expected since solving inflation and liquidity pressure at the same time is considered a difficult task."You cannot expect one or two rate rises to have a significant impact on economic indicators," said Zuo Xiaolei, chief economist with Galaxy Securities.However, Lian said China only has room for two or three rate hikes, as higher interest rates would increase risks of "hot money" inflows due to a widening interest margin between China and the United States, which is likely to keep rates low.Li Daokui also attributed the timing of the rate increase to avoiding rapid capital inflows.But currently the factors that decides the direction of capital flows are currency exchange rates and assets prices, Lian added.UBS Securities economist Wang Tao said last month that she expected the central bank to raise the interest rate by 25 basis points before the end of the year and by another 75 basis points in 2011.China's economy grew 9.6 percent year on year in the third quarter this year, slowing from the 10.3 percent increase in the second quarter and 11.9 percent in the first quarter.The country targets about a 3 percent inflation rate in 2010.