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BEIJING, April 12 (Xinhua) -- China Pacific Insurance, one of the country's largest insurers, announced Saturday that its net profit dropped 80.6 percent to 1.339 billion yuan (196 million U.S. dollars) in 2008.     The Shanghai-based insurer attributed the profit decrease to the sluggish stock market performance and the large amount of insurance indemnity after several natural disasters last year.     However, the premium income of the company rose 26.6 percent to94.02 billion yuan, said the firm in its 2008 annual report.     Its life insurance premium income increased 30.4 percent to 66.09 billion yuan last year, ranking the third in the domestic market. Its property insurance premium rose 18.7 percent to 27.88 billion yuan, making it the second largest among its peers.

BEIJING, March 25 (Xinhua) -- China voiced its strong dissatisfaction Wednesday against a U.S. Congress resolution on the Taiwan Relations Act saying it is an interference in its internal affairs.     "China is strongly dissatisfied and has lodged a solemn representation over the resolution adopted to commemorate the 30th anniversary of the Taiwan Relations Act," Chinese Foreign Ministry Spokesman Qin Gang said in a statement.     The U.S. House of Representatives voted for the resolution Tuesday.     The Taiwan Relations Act, passed by the U.S. Congress in 1979, required the United States to provide Taiwan with arms of a defensive character. China has never recognized the legitimacy of the act.     Qin said the Chinese government and people, from the very start, resolutely opposed the Act adopted by the United States unilaterally.     "We urge the United States to follow the basic norms guiding international relations and the three Sino-U.S. joint communiques, and stop the wrongful act of using the Taiwan issue to interfere in China's internal affairs," Qin said.

MOSCOW, March 22 (Xinhua) -- Top think tanks from Russia and China discussed a wide range of security issues of common concern at a two-day seminar that ended here Sunday.     participants at the seminar exchanged ideas on world economic and political trend, the situation in Central Asia, and prospects for the Shanghai Cooperation Organization (SCO) under the global security framework.     The seminar, "Russia and China in a new era," was co-chaired by China Institute for International Strategic Studies (CIISS) and Russian Council for Foreign and Defense Policy (CFDP).     Xiong Guangkai, chairman of the CIISS, and Sergei Karaganov, head of the CFDP, attended the meeting.     Participants in the meeting agreed that the current world is ata stage of profound change and major readjustment. The ongoing financial crisis has led to greater instability in global and regional situation. Yet, the world will continue to move towards multi-polarization despite emerging complexities in global situation.     Both sides believed that safeguarding security and stability in Central Asia serves the common strategic interests of China and Russia, and is also a necessity for deepening the two countries' strategic cooperation.     They also agreed the SCO, as a new organization of regional security cooperation, not only accords with fundamental interests of all the SCO members, but also contributes to regional and global peace and security. China and Russia shall strengthen understanding, trust and cooperation to ensure the sound development of the SCO.     As a national, nongovernmental institute on global issues, the CIISS keeps in touch with about 100 institutions from over 50 countries and regions across the world. The CFDP is Russia's famed think tank closely associated with several departments of Russian government and legislature.

BEIJING, Feb. 18 (Xinhua) -- President Hu Jintao's five-nation "journey of friendship and cooperation" was very successful, Foreign Minister Yang Jiechi said on Wednesday.     The tour, which started on Feb. 10 and ended on Feb. 17, took President Hu to Saudi Arabia, Mali, Senegal, Tanzania and Mauritius. Hu's visit to the five countries in the first month of the Chinese lunar new year was very successful as it fulfilled its goals -- consolidating friendship between China and these countries, boosting cooperation and reinforcing their will to tackle the joint challenges for common development, Yang said. Visiting Chinese President Hu Jintao addresses a welcoming rally attended by people from various sectors in Dar es Salaam, Tanzania, Feb. 16, 2009    It was also of important significance to further advance the friendly ties between China and Saudi Arabia as well as between China and Africa and to enhance China's solidarity and cooperation with developing countries to stand hand-in-hand in the face of challenges, he said.     The visit, a significant diplomatic move taken by China to boost its ties with developing nations, was made at a time when international political and economic situations are undergoing profound change, and while the international financial crisis continues to spread, imposing a negative influence on developing countries, Yang said. Visiting Chinese President Hu Jintao (L) meets with Mauritian President Anerood Jugnauth in Port Louis, Mauritius, Feb. 17, 2009.During the eight days, the Chinese president attended more than 50 events in the nations visited. He held talks with leaders in these countries on cooperation and joint development, as well as had extensive contacts with people from various sectors with brotherly interactions and friendship, Yang said.     He said the media in these countries and in the rest of the world paid close attention to Hu's tour and gave it abundant coverage with a positive and objective tone.     Noting that the tour consolidated and deepened the friendly cooperation between China and countries in Africa and Asia, Yang said it also boosted the friendship between the Chinese people and their counterparts in developing countries. The achievements included:     First, a new consensus was reached on jointly dealing with the challenge of the international financial crisis.     President Hu made the visit at a time when the impacts of the international financial crisis are gradually expanding, Yang said, adding that such impacts have spread from developed countries to emerging markets and developing nations, and affecting the real economy, posing increasing challenges to developing nations including China, Saudi Arabia and those in Africa. Visiting Chinese President Hu Jintao (L) talks with Saudi Arabian King Abdullah bin Abdul-Aziz during their meeting in Riyadh, Saudi Arabia, Feb. 10, 2009Hu expounded on China's view and position on how to tackle the crisis, stressing the need for the international community to be concerned about and try to minimize the suffering of the developing world, especially the least developed countries in the crisis, and expressed China's will to strengthen cooperation and coordinate actions with the international community, Yang said.     Hu extended support for increasing the role and voice of developing countries in reforming the global financial system and called on the international community to provide tangible assistance to help developing countries, especially the African ones, to overcome the difficulties.     The Chinese president pledged that China would fulfill policies and measures adopted at the Beijing Summit of the Forum on China-Africa Cooperation, continue to increase assistance and offer debt relief to African countries within its capability, expand trade and investment toward the continent, and promote China-Africa pragmatic cooperation.     Hu emphasized that the harder the situation is, the more China and Africa should support and cooperate with each other to get through the difficulties.     Leaders of the host countries highly appreciated and warmly welcomed China's position, regarding it as conducive to strengthening coordination and cooperation among developing countries and building up confidence in jointly addressing the international crisis. Chinese President Hu Jintao (L) meets with Malian President Amadou Toumany Toure in Bamako, Mali, on Feb. 12, 2009. Second, China's ties with Asia and Africa were pushed to a new stage.     Yang said the five nations and China enjoyed a solid political groundwork to further promote bilateral relations.     During his trip, leaders of the five countries and Hu held discussions and reached broad common ground on such significant issues as how to boost friendly cooperation, implement measures announced at the Beijing Summit of the Forum on China-Africa Cooperation in 2006, and forge a new type of strategic partnership with Africa, Yang said.     In Saudi Arabia, Hu proposed guiding principles and measures to boost the China-Saudi strategic friendship, promote all-round pragmatic cooperation, as well as deepen cooperation between China and the Gulf Cooperation Council.     In the four African countries, Hu met their leaders on the further development of friendship and cooperation. Visiting Chinese President Hu Jintao (L) meets with his Senegalese counterpart Abdoulaye Wade in Dakar, capital of Senegal, Feb. 13, 2009They exchanged in-depth views on the current situation in the Middle East and Africa as well as other international and regional issues, and agreed to boost bilateral ties and push forward friendly cooperation to a new stage.     The president said as a developing country, China was ready to have closer cooperation and collaboration with the five nations, jointly maintain the interests and rights of the developing countries, and join hands with them to promote the South-South cooperation and North-South dialogue.     Third, to promote mutual benefit and win-win cooperation     Yang said Hu's tour to the five developing countries further deepened cooperation in various fields with them.     During the visit, China signed more than 20 cooperation agreements with the five nations in the fields of economy and trade, investment, energy and quality control, health, culture and infrastructure construction to further extend the depth and width of pragmatic cooperation.     During his visit to the African countries, President Hu said China would strengthen cooperation with them in agriculture, textile and infrastructure construction on the basis of mutual benefits, and a win-win principle.     Hu visited some China-aided projects, as part of follow-up actions to the Beijing Summit of the China-Africa Cooperation Forum. Visiting Chinese President Hu Jintao (L) meets with his Tanzanian counterpart Jakaya Mrisho Kikwete in Dar es Salaam, Tanzania, Feb. 15, 2009Such projects will help improve the general living standards of the local people.     In Saudi Arabia, Hu visited a cement production line in the capital of Riyadh, and the King Abdulaziz City for Science and Technology. In Mali, Hu inaugurated a China-aided bridge construction project in the capital of Bamako and attended the inauguration of the China-Mali anti-malaria center.     Hu also attended the completion ceremony of Tanzania's state stadium and the Chinese culture center in Mauritius. He put forward new measures to enhance China-Africa cooperation, such as offering more chances for personnel training and scholarships to the four countries.     Yang said that China had developed comprehensive friendly relations with the four countries and provided unselfish assistance.     During Hu's visit, China reached consensus with the four African countries on enhancing bilateral trade and deepening pragmatic cooperation, which fully demonstrates the China-Africa cooperation has great potential and broad prospects based on equality, mutual benefits and a win-win principle for all.     Fourth, to create fresh highlights of friendly exchanges with local people.     President Hu received an abundance of warm greetings from the local people, an indication that Sino-Saudi and the Sino-African friendships were deeply rooted in the hearts of the people, Yang said.     At airports, meeting venues, stadiums, construction sites, hospitals and even classrooms, Hu talked with the local people from various walks of life in a gentle and friendly manner.     Despite a tight schedule, Hu managed to meet with the media in all the countries he visited and, on behalf of the Chinese people, extended good wishes and friendship to the local people.     In the Malian capital of Bamako, tens of thousands of local people, from the outskirts all the way to Hu's downtown hotel, waved the national flags of both countries and chanted "Thank you, China," and "Long-live China-Mali Friendship" in a voluntary yet grand gesture of welcome for Hu.     During the completion ceremony of Tanzania's state stadium, a Chinese assistance project, more than a hundred teenagers performed Chinese martial arts and acrobatics, and sang popular Chinese folk songs such as "Na Ni Wan" which is about a great production campaign near Yan'an during the revolutionary 1940s.     Hu also showed his concern for Chinese aid workers in Africa. He met with a Chinese medical team in Mali and encouraged them to make further efforts to help their Malian counterparts to develop the country's medical and health industry.     In Tanzania, Hu paid tribute to a cemetery for Chinese experts who had worked and died in the country in honor of pursuing China-Africa friendship.

BEIJING, March 24 (Xinhua) -- Former Vice-Chairman of the Standing Committee of China's National People's Congress Raidi has said the democratic reform to abolish serfdom in Tibet was the people's own historical choice.     Raidi, a 71-year-old Tibetan who was once vice secretary of Tibet Autonomous Region's Party Committee, made the remark during an exclusive interview with Xinhua on Tuesday. People of the Tibetan ethnic group hold a celebration for the upcoming Serfs Emancipation Day, at Jiaba Village of Nedong County, southwest China's Tibet Autonomous Region, March 23, 2009. "The ** Lama clique's attempt to split the country and restore the serfdom did not, does not and will never succeed," Raidi said, adding that the Tibetan people could never enjoy human rights, freedom and democracy in a society under serfdom system.     He stressed that the Serfs Emancipation Day which falls on March 28 is an event and celebration with extraordinary meanings for Tibetan people. The reform half a century ago was a milestone which distinguishes the new Tibet with the old one and also a milestone in the world's history to abolish slavery. A resident of the Tibetan ethnic group dances in a celebration party for the upcoming Serfs Emancipation Day, at Jiaba Village of Nedong County, southwest China's Tibet Autonomous Region, March 23, 2009The ** Lama has pretended to be a pure religious figures in the past 50 years of exile but he had attacked the Party and central government and stirred unrest in Tibet by playing with outside forces, Raidi said.     To achieve their goals, the ** clique had spread all sorts of lies to beautify the region's former theocracy. On the other hand, they claimed the alleged "middle way" and "meaningful autonomy" to divert people's attention to their real intention to seek independence, he added.     "Recall the past 50 years of development in Tibet, I feel that Tibet could have a bright future and prosperity only under the leadership of Communist Party of China and in the family of socialist motherland," Raidi said.