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OTTAWA, June 25 (Xinhua) -- Visiting Chinese President Hu Jintao said on Friday that inter-parliamentary exchanges are an integral part of China-Canada relations and of great significance for enhancing mutual understanding and public endorsement of bilateral links.Hu made the remarks when meeting Noel Kinsella, speaker of the Canadian Senate, and Peter Milliken, speaker of the House of Commons.Over the years, said Hu, the National People's Congress (NPC), China's legislature, has maintained a sound relationship of cooperation and friendly exchanges with both chambers of the Canadian parliament.Chinese President Hu Jintao (C) meets with Canadian Senate Speaker Noel A. Kinsella (L) and Speaker of the House of Commons Peter Milliken in Ottawa June 25, 2010.Exchanges between the legislatures of the two countries have become increasingly vigorous with a mature mechanism and have seen many significant achievements. Such activities have played an important role in advancing bilateral relations, Hu added.The Chinese president expressed the hope that the two sides will continue to make good use of the important platform to further advance exchanges on legislation and regulation so as to promote the friendship between the two peoples and the relationship between the two countries.Over the past four decades, China-Canada relations have always moved forward despite changes in the international situation, and the two countries have conducted frequent contacts at various levels and achieved remarkable results in bilateral cooperation, Hu noted.

BEIJING, July 19 (Xinhua) -- Chinese Vice President Xi Jinping on Monday pledged to step up exchanges and cooperation between the Communist Party of China (CPC) and other Asian political parties.Xi made the pledge in his meeting with delegates attending the Poverty Alleviation Conference of the International Conference of Asian Political Parties (ICAPP) held from July 16 - 18 in Kunming, capital city of southwest China's Yunnan Province.Xi also noted the CPC successfully hosted the third ICAPP meeting six years ago.Chinese Vice President Xi Jinping meets with the delegates of the Poverty Alleviation Conference of the International Conference of Asian Political Parties in Beijing, capital of China, July, 19, 2010."The Kunming Proposal on Poverty Alleviation adopted at the just-concluded conference will not only boost cooperation between Asian political parties on development issues but also facilitate regional stability, prosperity and harmony," Xi said.The CPC and Asian political parties share the same responsibilities to promote development in their countries and improve people's livelihoods, the vice president said."We would like to further strengthen exchange and cooperation with Asian political parties and contribute to regional development and friendly relations between people."Sri Lankan Prime Minister D.M. Jayaratne, a senior leader in that country's Freedom Party, extended thanks for China's efforts to ensure the success of the conference on behalf of all participants.Co-chairman of ICAPP Standing Committee Jose De Venecia said China has made great contributions to the world's poverty alleviation cause, and so holding a conference on poverty alleviation in China was appropriate.He said the Kunming Proposal adopted in the conference will be submitted to the UN Millennium Development Goals summit scheduled for September.Later on Monday, Chinese Vice Premier Li Keqiang met with a delegation from the Thai Democrat Party led by Thai Deputy Prime Minister Suthep Thaugsuban.More than 120 representatives from 57 political parties in 30 countries attended the conference. Some African political parties, the UN and the Asian Parliamentary Assembly sent observers to the meeting.

BEIJING, July 12 (Xinhua) -- The State Council's policies to rein in rapidly soaring housing prices in cities will continue and local governments should implement them "unswervingly", according to a statement released Monday from the Ministry of Housing and Urban-Rural Development, while also denying some media reports on a possible policy withdrawal."We will urge local governments to make sure that they strictly implement the differentiated housing loans policy to crack down on housing speculations," the ministry said in a brief statement posted on its website.The ministry added it would adopt "positive" measures to increase the supply of commercial homes in the market, speed up construction of housing for low-income residents and renovation of shantytowns, and strengthen supervision of the real estate market conditions.The statement came shortly after the National Bureau of Statistics (NBS) released its latest figures on housing prices in Chinese cities.Housing prices in major Chinese cities rose 11.4 percent year on year in June, one percentage point lower than the increase in May, according to NBS statistics.This was the second consecutive month that China's property prices grew at a slower pace. Property prices in the 70 large- and medium-sized cities grew 12.4 percent year on year in May, 0.4 percentage point lower than in April.The State Council, China's Cabinet, introduced a series of tightening measures in April to rein in soaring house prices and curb speculation, including tightened scrutiny of developers' financing, suspension of loans for third-home purchases and higher down-payment requirements for second-home purchases.Housing prices almost doubled in some popular Chinese cities such as Beijing and Shanghai in 2009, prompting the Chinese government to take measures to curb these excessive hikes.

BEIJING, June 21 (Xinhua) -- China's announcement that it would allow more flexibility in its yuan exchange rate meant an end to the crisis-mode policy the government took to cushion the blow from the global financial crisis, experts interviewed by Xinhua said Monday.The People's Bank of China, also known as the central bank, said Saturday that it decided to proceed even further with the reform of the Renminbi exchange rate to add flexibility to the RMB exchange rate.The decision was made in view of the recent economic situation and financial market developments at home and abroad, as well as due to the balance of payments situation in China, the central bank said. However, it ruled out a one-off revaluation of the yuan as there was no basis for large changes in its value.Experts noted it was the correct time for the exchange rate policy to return to its normal state, given the consolidated economic recovery, large decline in trade surplus and more balanced international payments.Zhao Xijun, deputy dean of the School of Finance with the Renmin University of China, said the normalization of China's exchange rate policy would intensify China's economic connection to the global economy and help promote the country's economic restructuring and adjustments of its development mode.China moved to a managed floating exchange rate regime in July 2005 which was based on market supply and demand and referencing a basket of currencies. The reform of the RMB exchange rate has made continuous progress since then, producing the anticipated results and playing a positive role.The financial crisis which broke out in the United States in 2008 shook the global financial markets and dented investment confidence. To counter fallout from the economic turmoil, nations rolled out their crisis-mode measures.Zhou Xiaochuan, governor of the central bank, said in March that the exchange rate policy China took amid the crisis was part of the government's stimulus packages, and would exit "sooner or later" along with other crisis-measures.China's economy expanded at 11.9 percent year on year in the first quarter of this year and exports surged 48.5 percent in May, government data showed.Zhao said China narrowed fluctuation of the RMB exchange rate to stabilize market sentiment and stimulate economic growth amid crisis, which was in the interests of China and contributed to the country's economic recovery.During the worst of the global crisis, exchange rates of a number of sovereign currencies to the U.S. dollar depreciated by large margins while the yuan kept stable. Against these depreciating currencies, the value of the yuan has been rising."Undoubtedly, it improved the trade environment for these countries and helped them through hard times," Zhao said, noting the policy contributed significantly to the Asian and global recovery."Narrowing the fluctuation of the yuan's value was the best exchange rate policy China could take during the crisis period, which gave export businesses a stable expectation of the yuan's value and reduced costs caused by a volatile currency," said Xiang Songzuo, Deputy Director of the Center for International Monetary Research at Renmin University of China.The central bank's move also intended to increase competitiveness of export businesses and accelerate economic restructuring.Zhao said when the RMB exchange rate regime becomes more market-oriented, China's export businesses should take more responsibilities and become more self-reliant.The central bank said Sunday that the management and adjustment of the yuan exchange rate would occur gradually, which was necessary to give export businesses time to adjust their business structures and create more jobs in the service sector.Cao Honghui, senior researcher with the Institute of Finance and Banking under the Chinese Academy of Social Sciences, said the further proceeding meant China would rely more on domestic demands for economic growth, which would push forward adjustments of the global economic structure.The central parity of the Renminbi against the U.S. dollar remained at 6.8275 Monday, unchanged from the previous trading day, according to the China foreign Exchange Trading System.

BEIJING, July 20 (Xinhua) -- China has hailed its relationship with Thailand, calling the bilateral relationship exemplary.Chinese Vice Premier Li Keqiang made the remarks in a meeting with Thailand's Deputy Prime Minister, Suthep Thuagsuban, in Beijing on Monday.During the meeting, Li reviewed the 35 years of diplomatic ties between China and Thailand.Li said the two countries understand and respect each others' core interests.Calling the bilateral relationship a treasure for both nations, Li said the relationship is "a paradigm for how China and its neighboring countries can exist in harmony and benefit each other."Li highlighted the soaring trade volume between China and Thailand.He said China hopes to step up communication and deepen all-round trade cooperation with Thailand, as the China-ASEAN Free Trade Agreement boosts economic engagement.Suthep said Thailand values its ties with China and that it hopes to expand cooperation with China in all fields.